Dollar Falls Ahead of Busy Week in Markets
The US dollar is weaker across the board on Friday after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty at the discussed agreement is only until February 15 when a...
Apple, Microsoft and Amazon could drive the market in the next wave of earnings
The earnings season is about to get a lot more interesting with about a quarter of the S&P 500, nearly half of the Dow Jones Industrials and three of the four biggest companies in the world reporting in the week...
Life in a shutdown: How New York’s IPO bankers are learning to love limbo
This is an extended version of a story originally published on January 24. These are quiet times at the US Securities and Exchange Commission. Since the shutdown of the country’s government began on December 22, the SEC, like other government...
CEOs step up help for government workers, raise pressure on Washington to end impasse
Companies are stepping up their relief efforts for the 800,000 federal workers who have just marked their second missed paycheck. J.P. Morgan Chase, the largest U.S. bank by assets, said Friday that it would donate $1 million to charities to...
Head of the group that calls recessions says the government shutdown won’t cause one
The government shutdown, which entered Day 35 on Friday, won’t cause an economic recession, because it began so close to the start of the first quarter of 2019, said James Poterba, president of the National Bureau of Economic Research, which...
Square is up 50 percent off the lows and charts suggest more room to run: Technician
Square is on a tear. The stock surged 7 percent Thursday after the payment company received a vote of confidence from Instinet. Analyst Dan Dolev reiterated a buy rating on the shares in a note, citing new growth potential and...
Stocks Rise as Fed Considers Early End to Balance Sheet Shrinking
US stocks open widely higher after the Wall Street Journal reported that that the Fed is considering to weigh an earlier than expected end to the bond portfolio runoff. Stocks were punished last month when Fed Chair Powell said the...
Signs of a Thaw in US Government Shutdown Negotiations Ahead of a Busy Week for US Stocks?
When yesterday’s dueling Democratic and Republican proposals to open the government both failed to garner nearly enough votes in the Senate, it assured that 800,000 government employees would go a whole month without receiving a paycheck. However, it’s often said...
Week Ahead – Dollar to Seek Direction from Trade Talks, FOMC and NFP; Eurozone GDP and Aussie Inflation also Eyed
The next seven days will be an important one for the US dollar as high-level US-Sino trade talks, the policy meeting by the Federal Reserve as well as key data releases will likely determine the currency’s next turn. The Australian...
Week ahead: Brexit Plan B vote, FOMC and NFP
There are several potentially high-impact macro events and data to look forward to next week. Most of the macro pointers are from the Eurozone and the US, but there are also some from other regions, too. So, it could be...
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