Day: February 2, 2019
Former Obama economic advisor: Here’s why Howard Schultz is wrong on debt
This week, ex-Starbucks CEO Howard Schultz announced a potential Presidential run as an independent candidate during an interview on CBS. Frustrations with both parties’ handling of the nation’s finances, particularly the high levels of debt are part of his reasoning to potentially run as an independent candidate. Yet a couple of former high-ranking government officials …
Former Obama economic advisor: Here’s why Howard Schultz is wrong on debtRead More
Dollar Down But Not Out after Fed, Oil Lifted Canadian, Iron Ore Boosted Australian
Fed’s dovish turn occupied a lot of head lines last week. Stocks were lifted while Dollar was pressured. However, the moves were not as drastic as they could seem to be. There was no upside acceleration in stocks. Treasury yield actually dropped at the long end, indicating that expectations on inflation and economy had not …
Dollar Down But Not Out after Fed, Oil Lifted Canadian, Iron Ore Boosted AustralianRead More
China Weekly Letter: On Track for a Trade Deal, First Signs of a Bottom in Growth
Top-level trade talks end on a positive note – a deal is in sight as soon as March Charges against Huawei underline tensions in tech war – how far will the US go? Chinese PMI points to weakness – but tentative signs of a bottom in Q1 Trade talks end on an upbeat note The …
China Weekly Letter: On Track for a Trade Deal, First Signs of a Bottom in GrowthRead More
Weekly Economic and Financial Commentary: Growth Set to Moderate, Yet Continue
U.S. Review Growth Set to Moderate, Yet Continue With the government doors having re-opened on Monday, a more patient stance from the Fed and the 100th consecutive month of employment gains, developments have provided some comfort to fears of an impending recession. Our visibility of economic developments remains clouded by the continued delay of indicator …
Weekly Economic and Financial Commentary: Growth Set to Moderate, Yet ContinueRead More
The Weekly Bottom Line: The Fed’s Rate Hikes: A Pause or A Stop?
U.S. Highlights Financial markets extended their gains this week. The re-opening of the U.S. government, the dovish FOMC statement, progress in the U.S.-China trade talks and a strong January payroll report all helped to boost sentiment. Global growth concerns persisted this week, but the U.S. economy continued to move along nicely. The labor market added …
The Weekly Bottom Line: The Fed’s Rate Hikes: A Pause or A Stop?Read More
Week Ahead: Handful of Macro Events But Potential for Sell-off in Stocks
Key highlights China out for the whole week in observance of the spring festival Notable absence of US macro pointers RBA and BOE both almost certain to hold their policies unchanged EU and US company earnings coming in thick and fast Potential for ‘overbought’ stocks to sell-off and trigger “risk-off” in wider markets Commodity dollars …
Week Ahead: Handful of Macro Events But Potential for Sell-off in StocksRead More
Soft Dollar and Strong Stock Market Supported by Dovish Fed and Strong US Economic Data
Commodity currencies outperformed against the US dollar after the Fed clearly signaled that rates are going nowhere anytime soon, also shrugging off a very strong nonfarm payroll number. Strong corporate earnings and no major hiccups with trade talks also helped drive equities higher on the week. Rate decisions will be a key theme for the …
Soft Dollar and Strong Stock Market Supported by Dovish Fed and Strong US Economic DataRead More
Draft Kings, casinos gear up for Super Bowl sports betting debut
DraftKings expects to see a record volume of bets for Sunday’s Super Bowl LIII, now that sports betting is legal in eight states, Jason Robins, CEO of the fantasy sports platform, told CNBC. “Not surprisingly, it’s the biggest day of the year for us,” he said Friday on “Closing Bell.” “I’ve heard people estimate there …
Draft Kings, casinos gear up for Super Bowl sports betting debutRead More
Goldman could withhold some 2018 pay for top executives over Malaysia scandal
Goldman Sachs said it could withhold some pay from top executives as a result of an ongoing criminal probe of a Malaysian investment fund. The Wall Street firm said in a regulatory filing Friday its board of directors had approved a forfeiture provision that gave it “the flexibility to reduce the size of the award …
Goldman could withhold some 2018 pay for top executives over Malaysia scandalRead More
Jobs report removes some fear, but market still in ‘tug of war’ over how much growth is slowing
After January’s strong jobs report calmed some recession fears, investors will be picking through the next wave of earnings reports and economic data for clues on just how much the U.S. economy could be slowing. Dozens of earnings, from companies like Alphabet, Disney and Eli Lily, report in the week ahead, and there are just …
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
