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...
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....
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,...
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...
The COVID-19 Vaccine and Market Implications
As the COVID-19 vaccine is released, life will revert to the “old normal”. However, that doesn’t necessarily mean it will be good for the markets! It has been over a year since the first cases of the COVID-19 were diagnosed...
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...
Gold Higher on Weaker Dollar, Bitcoin Remains Hot
Is gold’s correction over? Gold’s bearish correction could be over now that prices are poised to have their first monthly gain since July. Gold has made modest gains as the dollar takes another dive, but vaccine progress globally has stymied...
Small caps’ breakout is just starting, $17 billion money manager predicts
Bryn Mawr Trust’s Jeff Mills is making a big bet on the economic recovery. After years of decline, he predicts small-cap stocks’ 2020 comeback will deliver even bigger gains to investors next year. “We’re at this point where monetary policy and...
Morgan Stanley repays $1.7 million to college savers for high-cost investments
Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus...
Dead people may still get $600 stimulus checks
Igor Golovniov/SOPA Images/LightRocket via Getty Images Dead people may get some of the $600 stimulus checks the federal government began issuing Tuesday night. That would mirror what happened this past spring, when deceased individuals were among the recipients of a...