A Wall Street veteran who’s bullish on stocks sees one more major leg down, and China’s the reason
The S&P 500 Index may be coming off its best week since March 9, but long-time bull Art Hogan doesn’t believe the market’s wild swings are safely in the past. B. Riley FBR’s chief market strategist predicts stocks will retest...
Europe’s top banks ease past ECB’s latest stress tests; Barclays ranks lowest
Results of the stress test of Europe’s bigger banks released Friday revealed that all of the financial institutions in the EU wide examination passed the European Central Bank’s “adverse scenario”. The stress tests were carried out by the European Banking...
Warren Buffett loses nearly $4 billion in single day on his Apple stake
Warren Buffett’s Berkshire Hathaway lost more than $3 billion on Friday as Apple’s stock headed for its worst day on Wall Street in more than four years. Apple — poised to post its fifth consecutive week of losses for the...
October’s jobs report was perfect for everyone, except Wall Street
The recent spate of strong wage growth, exemplified in Friday’s nonfarm payrolls report, sets up the next stage in the market’s conflict with the Federal Reserve. Average hourly earnings gains finally surpassed 3 percent in October, a psychologically significant number...
Your first trade for Friday, November 2
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 CBS Brian Kelly was a buyer of the 20+ Yr Treasury Bond ETF Dan Nathan...
Fed Chairman Powell’s view of immigration and its effect on the economy differs from Trump’s
The head of the U.S. central bank has some concerns about reducing immigration to the U.S. Doing so could stunt growth the labor force and therefore hurt the U.S. economy long term, Fed Chairman Jay Powell said in a letter...
Chevron shares jump 2% as quarterly profit doubles, oil and gas output hits record
Chevron reported quarterly earnings that beat analysts’ expectations on Friday, as record-setting oil and gas production boosted the company’s bottom line. Shares of the oil major were rose more than 2 percent on Friday. Chevron posted a profit of $4.05...
US trade deficit rises more than expected in October and is now up 10% for 2018
The U.S. goods and services deficit increased more than expected in September amid escalating tensions with its global trading partners. The shortfall rose to $54 billion for the month, a 1.3 percent increase, or $700 million, from August and reflective...
Jobs smash estimates with gain of 250,000, wage gains pass 3% for first time since recession
Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, the Labor Department reported Friday. Nonfarm payrolls powered up by 250,000 for the month, well ahead of...
Here’s one ‘proven’ way the Trump administration can increase middle class wages right now
In positive labor news, U.S. employers added a robust 250,000 jobs in October, and as importantly, wages grew at the fastest pace since 2009. This is encouraging, and perhaps a sign that American workers will finally enjoy a long overdue...
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