Goldman Sachs decided to pass on E-Trade before Morgan Stanley snatched it up, sources say
Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before rival Morgan Stanley made its $13 billion move, but the bank didn’t throw its hat in the ring, according to people with knowledge of the...
America’s manufacturing recession looks like it could be over
A contraction in U.S. manufacturing spurred by the trade battle with China and slowing global growth may have reached an end already, if two key business surveys hold up. Production at American facilities fell in the second half of 2019...
Minimum wage increases aren’t a job killer: Small business survey
A rally for a $15 minimum hourly wage in New York City in 2015. The city raised its minimum wage to $15 in 2018, while New York State raised its minimum wage to $11.80 in December 2019, and that will...
Trump Hates the Strong Dollar, but Buck Bulls LOVE Him
In a classic “best house in a bad global neighborhood” trade, the US dollar is off to its best start to a year since 2015, rising against each of its major rivals year-to-date. While (relatively) strong economic data and safe...
USD/JPY Outlook: Yen Falls to 10-mth Low on Fading Virus Impact Fears
The pair surged to new ten-month high at 112.22 on Thursday, in extension of previous day’s 1.36% rally. Strong bullish acceleration in past two days was sparked by fading fears about coronavirus epidemic as well as rising dollar, boosted by...
US weekly jobless claims rise slightly, while mid-Atlantic factory activity accelerates
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. There was encouraging news on the struggling...
Dollar Firm after Solid Job and Manufacturing Data, Selling Focus Turns to Sterling
Dollar remains generally firm today as supported by solid job and manufacturing data. Euro’s selloff seem to have temporary passed a near term climate and focuses turn to other major currencies. Australian Dollar suffer deep selling after job data, dragging...
EUR/USD Maintains Consolidation
On Wednesday, the EUR/USD currency pair consolidated near the weekly S1 at 1.0788. During today’s morning, the pair maintained its consolidation. Note that the exchange rate remains under pressure of the 55– and 100-hour SMAs, currently located in the 1.0810...
USD Gains Post-Fed Minutes. S&P500 And Nasdaq At Record High, But Sentiment Elsewhere Mixed
The FOMC minutes showed that risks related to global trade and growth were diminished after the signature of the phase-one deal between the US and China, but other risks emerged, including the coronavirus outbreak. The Fed highlighted the need to...
Elliott Wave View: NASDAQ (NQ_F) Continues Marching To All-Time High
Short term Elliott wave view in NASDAQ (NQ_F) suggests the Index ended the cycle up from February 1, 2020 low in wave 1 at 9687.50 high. The index then corrected that cycle up in wave 2 as a zig-zag. Wave...
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