Natural gas dropped today due to ;the ;bearish supply report from the ;Energy Information Administration. While US stockpiles shrank by ;160 billion cubic feet, …
Category: Finance
To fix or not to fix: Jeffry Frieden’s “Currency Politics”
by Joseph Joyce To fix or not to fix: Jeffry Frieden’s “Currency Politics” The decision by the Swiss National Bank to abandon its peg to the euro serves as an example of the relatively limited life spans of fixed exchange rate regimes. While the fragility of exchange rate commitments has …
AIG Profit Misses Estimate; To Buyback Addl $2.5 Bln Stock – RTT News
Fox BusinessAIG Profit Misses Estimate; To Buyback Addl $2.5 Bln StockRTT NewsAmerican International Group Inc (AIG: Quote) on Thursday reported a plunge in fourth-quarter profit, hurt by debt charges, workers' compensation expense, and reserves provision. The insurer's operating earnings, which exclude one-time items, came in …AIG's …
Even Saudi Arabia is shutting down its Yemen embassy
Saudi Arabia has suspended all work at its embassy in Yemen and evacuated its staff “due to the deterioration of the security and political situation” there, state news agency SPA reported on Friday, citing an official at the foreign ministry. Earlier on Friday, Germany and Italy said they had closed …
Jail Time For Unpaid Court Fines And Fees Can Create Cycle Of Poverty
On a night last week when the temperature dropped to 17 degrees, Edward Brown, who’s 62 and homeless, slept at the bus stop in front of the Jennings, Mo., city hall in St. Louis County. “It was cold, very cold,” he says.
Index Funds vs. Hedge Funds: Buffett $1,000,000 Bet Update 2015
It is now 7 years in on the 10-year bet between Warren Buffett and a successful hedge fund manager. In 2007, Warren Buffett challenged any hedge fund to a long-term bet against the S&P 500. He found a taker. Fortune magazine announced “Buffett’s Big Bet”, where $1,000,000 would go…
S&P 500 Chart – 3-Year View – January 9, 2015
The chart below shows the monthly prices for the past three years on the S&P 500 index ($SPX) after the index closed the week at 2,044.81 on January 9, 2015. secured business credit When stocks hit a volatile period and fear starts to consume investors, charting a multi-year view of the major …
Weekly Crude Oil and Gold Futures Recap with Mike Seery
It’s time for our weekly commodity futures recap with our trading partner Mike Seery. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. And frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN …
New Trade: Long Twitter (TWTR) and short Rackspace ($RAX)
Today I’m opening a 6th trade, finally getting close to being fully invested:) There wasn’t much change last week and with the earnings season coming to an end, volatility will likely decrease significantly which is more than welcome. As is always the case you can see my …
Oil Charts
Oil has bounced close to 20{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} off its recent lows, but one look at its longer-term chart shows that it still has a long way to go to get back to levels it was at just six months ago. At its lows, oil got down to 50{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} below its 200-…
Katy Perry likes Marvin Gaye and Often
Boy doesn’t she. Only Buzzfeed could ask a question like this and get a response. Their question to Katy Perry at the Grammy’s last night — What is your favorite song to have SEX to? The answer. Some Marvin Gaye but defintely “Often” by The Weeknd. Often is not a song…
Defiant Greek PM sets up EU clash with bailout rejection, austerity rollback
Leftist Prime Minister Alexis Tsipras laid out plans on Sunday to dismantle Greece's "cruel" austerity program, ruling out any extension of its international bailout and setting himself on a collision course with his European partners. In his first major speech to parliament since storming to power last month, …
Cheap, Fun Things Singles Can Do on Valentine’s Day
Will you find love this year? Get some friends together to share the cost of a psychic reading, and maybe you’ll find out. Photo: Patrick Emerson In Seattle, home to so many of the nation’s hipsters, Valentine’s Day has taken on some very unique incarnations among the singles …
Dow Sheds 100 Points as Greece, China Fears Trump Oil Bounce
Stocks tumbled today as Greece and Germany continue to be at odds over resolving the former’s debt crisis, while China said its imports slumped. Agence France-Presse/Getty Images The Dow Jones Industrial Average fell 95.08 points, or 0.5{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}, to 17729.21 today, while the S&P 500 dropped 0.4{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 2046.74. The Nasdaq Composite …
Specialty drugs help CVS Health meet 4Q profit forecasts
CVS Health's fourth-quarter earnings climbed more than 4 percent in a performance that matched Wall Street expectations even though the pharmacy chain's decision to quit tobacco sales hurt business at …
Stimulating Tuesday – China’s at it Again
Thank you China, ;may I have another? Another $7.2Bn that is as those Godless Communists inject another round of stimulus into their Financial System to boost the markets and stave off deflation. ;That's right, as you can see from the prices in this Lianyungang supermarket, everything is on…
10 Tips for Creating a Great Window Display for Your Retail Store
Whether or not you’re in one of the snow-burdened states of the U.S., February is the time all Americans’ thoughts (even here in Southern California) start to turn to Spring. Even if you and your customers can’t indulge in Spring fever just yet, you can start planning for …
US pending home sales tumble in December
WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market.