US consumer prices increase less than expected in August
U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. The Labor Department said on Thursday its...
US weekly jobless claims drop to near 49-year low
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in nearly 49 years and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000...
Trump hits back at Jamie Dimon, says JP Morgan CEO doesn’t have the ‘smarts’ to run for president
President Donald Trump hit back at Jamie Dimon on Thursday, calling him a “poor public speaker and a nervous mess” one day after the J.P. Morgan CEO said he was “smarter” than Trump. In a tweet, Trump also boasted: “I’ve...
Fed fears it may have been too successful at whipping US unemployment
U.S. Federal Reserve officials tout a decade of falling unemployment as among their major victories in fighting the economic crisis of 2007 to 2009. Now they are beginning to worry they have been too successful. When unemployment falls as low...
ECB expected to stick to its policy stance amid steady inflation
The European Central Bank (ECB) is expected to stick to its policy stance at their upcoming meeting on Thursday as inflation does not seem to accelerate and growth remains solid. “It is clear that the most recent inflation figures do...
After-hours buzz: PVTL, PGNX & more
Check out the companies making headlines after the bell: Pivotal Software shares tumbled more than 20 percent in after-hours trading despite reporting second-quarter earnings numbers that beat on both the top and bottom line. The San Francisco-based company reported revenues...
Fed’s Brainerd backs gradual rate hikes but warns of ‘imbalances’ that could trigger faster action
The Federal Reserve likely will continue gradual interest rate increases but will accelerate the pace if signs that financial imbalances continue to build, central bank Governor Lael Brainard said in a speech Wednesday. Speaking in Detroit, the Fed official echoed...
US producer prices post first drop in 1-1/2 years
U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products. The Labor Department said...
Weekly refinance demand plummets as mortgage rates hit a 5-week high
A sharp rise in mortgage interest rates took its toll on the lending business last week. Mortgage application volume fell 1.8 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 18 percent lower compared...
China’s Xi calls for closer ties with Russia amid rising protectionism
Chinese President Xi Jinping wants more investment projects with neighboring Russia, at a time when the world is facing rising protectionism. Speaking at the Eastern Economic Forum in Russia Wednesday, Xi said Beijing’s relationship with Moscow was at an “all-time...
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Trading education
Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
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