CHI50 Index Loses 6% after 1-Year Highs; Sell-off Could Pause Soon
China 50 stock index plunged by more than 6% in the latest two trading sessions after topping at a one-year high of 13,294 on March 4, recording its biggest daily losses since late October. The RSI has left its overbought...
Stalled out job growth could be warning of slowdown but no signal of recession
February’s job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession. The shockingly weak report was about 160,000 fewer jobs than economists had...
Larry Kudlow says the weak jobs report is ‘very fluky,’ and he wouldn’t pay attention to it
White House economic advisor Larry Kudlow said Friday’s shockingly weak jobs report is “very fluky,” and he would advise not paying “any attention to it.” The reported gain of 20,000 jobs in February was the lowest monthly increase since September...
Blue collar no more: Skilled auto technicians are in high demand
Across the country there are more drivers on the road, and many of them hanging on to their vehicles longer than ever. That means workers like Michael Gerhart are in demand. Gerhart, a master auto technician at Pep Boys, has...
Your first trade for Friday, March 8th
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Chevron. Karen Finerman was a buyer of General Motors. Steve Grasso was a buyer of Lennar. Dan Nathan was a buyer of...
Here’s what the ‘real’ unemployment rate is
The unemployment rate fell to 3.8 percent in February, according to the Labor Department. But a broader measurement says the jobless rate plunged to 7.3 percent last month. The 3.8 percent figure is known as the U-3 rate, which is...
Dollar Weakens after Dismal 20k NFP Growth, But Loss Limited by Improvements in Unemployment Rate and Wage Growth
Dollar trades broadly lower in early US session after poor job report which shows only 20k growth, weakest since September 2017. However, weakness is at this point limited since the set of data is not totally negative. Unemployment rate did...
The CPI and Forex: How CPI Data Affects Currency Prices
In this article, we’ll explore CPI and forex trading, looking at what traders should know about the Consumer Price Index to make informed decisions. We’ll cover what CPI is as a concept, the CPI release dates, how to interpret CPI,...
How the epic ‘Lord of the Rings’ deal explains Amazon’s slow-burning media strategy
When Amazon pursued the rights to a “Lord of the Rings” series in 2017, the company knew it would have to overcome some major obstacles to lure the J.R.R. Tolkien estate to its video-streaming platform. Amazon was a relative newcomer...
US housing starts jump more than expected in January
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017. Housing starts jumped 18.6 percent to a seasonally...
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