Stocks making the biggest moves after hours: JWN, NVDA and more
Check out the companies making headlines after the bell: Shares of Nordstrom surged 11 percent after the company reported quarterly earnings and revenue that easily beat expectations. The retailer posted a quarterly profit of 95 cents a share on $4.07...
DoubleLine exec Jeffrey Sherman nervous trade war could turn into currency war
DoubleLine Capital’s Jeffrey Sherman is nervous about President Donald Trump’s recent jabs at Turkey — and it isn’t because of a possible trade war. He actually sees the chance of something more troubling occurring: a currency war. Last week, Trump...
Yen Shrugs Off Lower Japanese Trade Balance
It has been an uneventful week for the yen and that trend has continued in the Thursday session. In the North American session, USD/JPY is trading at 110.77, up 0.02% on the day. On the release front, Japan’s trade surplus...
Dick Bove: Global turmoil shows the US is still the safest place for your money
The Economist Magazine does a particularly good job in reviewing global events on a country-by-country basis. A look at any issue in recent weeks reveals a world in turmoil. No region seems to be stable. The United States in comparison...
Canadian Inflation Data in Focus as Loonie Hopes for NAFTA Deal
Canada will be on the receiving end of inflation data for July on Friday, at 1230 GMT. Forecasts suggest the headline CPI rate remained unchanged, which would likely keep the Bank of Canada (BoC) on track to deliver at least...
Yen and Dollar Not in Reversal Yet, Low Expectation on US-China Trade Talks
The forex markets are clearly in consolidation mode today. Yen and Dollar trades broadly lower as they digest recent gains. But Canadian Dollar is, at the time of writing, the weakest one. Australian Dollar and New Zealand Dollar are the...
White House economic advisor Kudlow confirms trade talks to resume with China later this month
White House economic advisor Larry Kudlow confirmed Thursday that the U.S. and China will resume trade talks later this month, but warned that President Donald Trump has a strong resolve to make sure the administration gets a good deal. Kudlow...
Trump thinks his tariffs are saving the US steel industry
President Donald Trump believes his divisive metals tariffs will save the American steel industry — despite any pain the duties have caused so far. In an interview Wednesday with The Wall Street Journal, the president contended that his trade actions...
US jobless claims fall for a second straight week
The number of Americans filing for unemployment benefits fell for a second straight week last week, suggesting no impact yet on the labor market from ongoing trade tensions between the United States and its trading partners. Initial claims for state...
US homebuilding rebounded less than expected in July from a nine-month low
U.S. building of houses rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising mortgage rates. Housing starts rose 0.9...