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Year: 2020

Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New Year

Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients and is sharing it with us here.  Happy New Year, Art. Look forward to seeing you on the floor in 2021. Subscribe …

Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New YearRead More

Weekly jobless claims fall for a second straight week

The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous …

Weekly jobless claims fall for a second straight weekRead More

Stocks making the biggest moves premarket: Exxon Mobil, Tribune Publishing, Apple, Tesla & more

Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its …

Stocks making the biggest moves premarket: Exxon Mobil, Tribune Publishing, Apple, Tesla & moreRead More

China scores an EU investment deal before Biden takes office — and it wants to do more

European Commission President Ursula von der Leyen, European Council President Charles Michel, German Chancellor Angela Merkel, French President Emmanuel Macron and Chinese President Xi Jinping are seen on a screen during a video conference to approve an investment pact between China and the European Union on December 30, 2020. Johanna Geron | AFP | Getty …

China scores an EU investment deal before Biden takes office — and it wants to do moreRead More

The USD/JPY Appears to be Headed for 102.00

The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, Wholesale Inventories fell 0.1% on month in the November preliminary reading (+0.6% expected), compared to a revised +1.2% in the October final reading. Market News International’s Chicago Business Barometer unexpectedly rose to 59.5 on month in …

The USD/JPY Appears to be Headed for 102.00Read More