Dick Bove: Trump will eventually clash with the Federal Reserve, turning monetary policy into a political activity
Washington and the nation are very focused on the fact that Supreme Court Justice Anthony Kennedy has resigned, leaving the high court vulnerable to ideological change. Not really focused upon as much is an offhand remark made by Larry Kudlow,...
A cybersecurity fund has returned more than 30 percent since the Equifax data breach
As the rest of the stock market has struggled on heightened trade rhetoric and many big technology companies have faced regulatory scrutiny over data privacy issues, one subsector of that industry has been on fire: cybersecurity. One of the cybersecurity...
China Market Monito: Stocks and CNY Taking a Hit
To help keep track of developments in Chinese financial markets, we publish a brief China Market Monitor covering FX, fixed income, money markets and equities. Financial stress has risen sharply since the trade conflict with the US escalated on 15...
Trump knocks Harley-Davidson again, says administration working to bring other motorcycle companies to the US
President Donald Trump is blasting Harley-Davidson again for announcing it’s shifting some operations overseas in the wake of retaliatory EU tariffs against U.S. duties. Trump said Tuesday that his administration is talking with other motorcycle companies about moving to the...
PepsiCo gets downgraded by Deutsche Bank due to rising ‘cost inflation’
PepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year. Analyst Steve Powers...
Canadian Dollar Edges Higher, Canadian Manufacturing PMI Next
The Canadian dollar has recorded small gains on Tuesday, after starting the week with slight losses. Currently, USD/CAD is trading at 1.3160, down 0.21% on the day. On the release front, there are no key indicators on the schedule. Canada...
London Stock Connect may give China a bridge to New York
By Noah Sin About four years after the equity link was first floated as an idea, the London Stock Exchange (LSE) has laid out the ground rules for the connect. China and the UK will launch the first product as London...
Your first trade for July 3, 2018
The “Fast Money” traders shared their first moves for the market open. Carter Worth was a buyer of Johnson & Johnson Dan Nathan was a buyer of JD.com Steve Grasso was a buyer of Avis Budget Group Tim Seymour was...
Roku shares jump on Oppenheimer upgrade
Roku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. Oppenheimer analyst Jason Helfstein on Monday upgraded shares of the Los Gatos, California-based pay TV...
Dollar Pare Gains as Worries on Germany and China Eased
Dollar trades broadly lower today, followed by Swiss Franc and Japanese Yen, as risk aversion eased. News that Germany Chancellor Angela Merkel averted an immediate political crisis is sentiment supporting. But that impact could be mainly confined to Germany or...
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