Trump budget director says GDP jump was no ‘sugar high’
The strongest quarter of growth the U.S. economy has seen in nearly four years was no mirage, the White House’s budget director said Friday. Reacting to the 4.1 percent gain in gross domestic product, Mick Mulvaney, director of the Office...
Intel’s ‘commitment to China … will not waver,’ says interim CEO
As trade tensions between the U.S. and China persist, Intel interim CEO Bob Swan said China remains an important market for Intel. “We have great partnerships there,” Swan said Friday on “Squawk on the Street.” “We’re very committed to that...
Why Trump’s goal of 3 percent economic growth actually is achievable and sustainable
Getting one quarter of breakout economic growth is easy: Presidents Barack Obama and George W. Bush did so on multiple occasions, only to see things fall back into the same pattern soon after. Sustaining that level is the hard part,...
Bad times for active fund managers again: Vast majority are underperforming this year
Actively managed funds are stumbling again this year. J.P. Morgan shared the latest performance data with its clients, revealing only 41 percent of active fund managers are beating their benchmark year to date versus 52 percent last year in the...
Bitcoin rises, shaking off SEC’s denial of Winklevoss ETF
The world’s largest cryptocurrency jumped back above $8,200 Friday after falling sharply following news that U.S. regulators denied an application by Cameron and Tyler Winklevoss for the first-ever bitcoin ETF. Bitcoin dropped to a low of $7,798.70 Friday morning, about...
4 takeaways from a long-term GDP revision
The federal government acknowledged on Friday that your last few cellphones were more valuable than it thought. That disclosure came tucked in a package of revisions the government made to the economic growth statistics it published from 2012 to 2017....
New Goldman CEO’s advice to help remake a Wall Street titan: Be vulnerable
Source: djdsolmusic | Instagram Goldman Sachs’ next chief executive officer and chairman, David Solomon, often talks about his personal interests, including an unusual side gig as a dance club disc jockey. Now, he wants his leaders to open up. Solomon,...
Your first trade for Thursday, July 26
The “Fast Money” traders shared their first moves for the market open. Dan Nathan was watching Twitter David Seaburg was a buyer of Alphabet Karen Finerman was a buyer of the ProShares UltraShort 20+ Year Treasury Guy Adami was a...
Consumer sentiment slips in July, hampered by concerns over trade dispute
U.S. consumer sentiment slipped last month, pressured by rising fears over the repercussions of escalating tariffs. Sentiment among consumers fell to 97.9 in July from 98.2 in June, according to the University of Michigan’s monthly survey of consumers. The decline...
Second-quarter GDP jumps 4.1% for best pace in nearly four years
Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber. The number matched expectations from economists surveyed...
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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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Daily Forex Trading Course Walkthrough: Part FiveForex Trading Course Walkthrough Talking Points: This is the fifth of a ten-part series in ... |