Keyword: stockmarket

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  • This economy is definitely not Obama’s recovery

    09/13/2018 6:19:54 AM PDT · by ChicagoConservative27 · 18 replies
    nypost ^ | 09/12/2018 | Stephen Moore
    Barack Obama is trying to take credit for the booming economy under President Trump. “When you hear how great the economy is doing right now,” Obama said on the campaign trail for Democratic candidates a few days ago, “let’s just remember when this recovery started.” By this logic, the Kingston Trio laid the groundwork for the Beatles. But the contrast in economic performance between the two presidents is undeniable. Obama’s multitrillion-dollar spend-and-borrow policies produced 2 percent growth. In his final year, Obama handed off to Trump an economy that was limping at 1.6 percent. After only 18 months in office,...
  • A decade after the 2008 crash, we’re repeating its mistakes

    09/07/2018 6:16:58 AM PDT · by ChicagoConservative27 · 38 replies
    theglobeandmail ^ | 09/07/2018 | Doug Saunders
    Ten years ago this week, I was in Madrid on a Monday afternoon, watching as some of the 26,000 employees of Lehman Brothers spilled onto a Manhattan sidewalk, their mighty investment bank suddenly non-existent. As I could plainly see, this was no mere American crisis: the streets around me were already filling with Spanish and Central American workers forced to walk away from construction projects where work had halted, permanently, their U.S. and European bank financing having suddenly vanished. Over the next couple of days, the world economy ground to a halt, some of the mightiest financial institutions of the...
  • Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

    08/29/2018 5:47:27 AM PDT · by RoosterRedux · 25 replies
    MarketWatch ^ | Jeffry Bartash
    he numbers: The bustling U.S. economy was even stronger in the spring than initially reported thanks to higher government spending and business investment. And companies cashed in big time. Gross domestic product expanded at a 4.2% annual pace in the second quarter, up from a preliminary estimate of 4.1%, the government said. GDP is the official measuring stick for the U.S. economy. Economists polled by MarketWatch had forecast GDP to be left unchanged at 4.1%. The strong growth, along with the biggest tax cuts in 31 years, helped fill corporate coffers. Adjusted corporate profits before taxes climb 3.3% in second...
  • HAPPENING NOW: Stock Market Hits an ALL TIME HIGH Following Trump's Successful NAFTA Deal

    08/27/2018 1:35:39 PM PDT · by UMCRevMom@aol.com · 87 replies
    patriotbeat.com ^ | August 27, 2018 | CNBC
    Thank you, President Trump! The stock market is soaring, thanks to Trump’s announcement that the U.S. and Mexico have reached a trade deal! CNBC Stocks jumped on Monday as the United States and Mexico closed a new trade deal. Investors also digested reassuring comments from Federal Reserve Chair Jerome Powell on the central bank's policy-tightening path. The Dow Jones Industrial Average rose 260 points as Caterpillar outperformed. The Nasdaq Composite climbed 1 percent to an all-time high, breaking above 8,000 for the first time, as Facebook, Amazon, Netflix and Alphabet rose. The S&P 500 gained 0.8 percent to hit a...
  • S&P, Nasdaq hit records as Wall Street rises on NAFTA optimism

    08/27/2018 7:29:25 AM PDT · by mandaladon · 29 replies
    Reuters ^ | 27 Aug 2018 | Shreyashi Sanyal
    (Reuters) - U.S. stocks posted strong gains on Monday, with the benchmark S&P 500 and the Nasdaq hitting all-time highs, as news that the United States and Mexico were closing in on a trade deal added to optimism about the economy. A Mexican source familiar with the talks told Reuters “it’s almost certain” that there will be an announcement about the North American Free Trade Agreement later in the day and U.S. President Donald Trump tweeted, “a big deal looking good with Mexico!” Also helping sentiment was Washington pressing the European Union to speed up trade negotiations. Nine of the...
  • Trump declares 'market would crash' if Democrats impeached him

    08/23/2018 1:20:53 PM PDT · by 2ndDivisionVet · 43 replies
    Fox News ^ | August 23, 2018 | Brooke Singman
    President Trump, in an exclusive interview with Fox News' Ainsley Earhardt, warned that the “market would crash” if he's ever impeached -- while questioning why Democrats would even consider that course in the future. “I don’t know how you can impeach somebody who’s done a great job,” Trump said, in the interview which aired Thursday on "Fox & Friends." The president weighed in on calls from the left to pursue impeachment if Democrats seize the House in the midterms. That speculation kicked up following the plea deal struck by his former attorney Michael Cohen claiming the president was involved in...
  • Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expert

    08/12/2018 11:06:29 PM PDT · by 2ndDivisionVet · 28 replies
    CNBC ^ | August 13, 2018 | Weizhen Tan
    • "We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute. • Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring. China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert....
  • Morgan Stanley sees two ‘broken legs’ for stocks, heralding ‘significant market correction’

    08/08/2018 5:13:25 PM PDT · by BenLurkin · 20 replies
    marketwatch ^ | 08/08/2018
    For years, one of the primary factors lifting the U.S. stock market has been the fact that some of the economy’s biggest, fastest-growing names just kept rising. The strength of growth stocks, in particular some large technology and internet plays, has been a boon for momentum investors, who bet that recent outperformers will continue to do better than the overall market over the medium term. This trade has been one of the easiest ways for investors to make money, but analysts are increasingly concerned that its era may be drawing to a close. Morgan Stanley called for “a breakdown in...
  • US stocks keep climbing; technology companies lead

    08/07/2018 8:47:02 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Aug. 07, 2018 11:18 AM EDT | Marley Jay
    U.S. stocks are rising again Tuesday as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making some of the largest gains. Overseas markets are also higher. The S&P 500 index jumped 10 points, or 0.4 percent, to 2,860 as of 10 a.m. Eastern time. The Dow Jones Industrial Average gained 146 points, or 0.6 percent, to 25,648. The Nasdaq composite rose 26 points, or 0.3 percent, to 7,886. The Russell 2000 index of smaller-company stocks climbed...
  • The Eight Best Predictors of the Long-Term Market

    08/06/2018 12:07:26 PM PDT · by Wuli · 55 replies
    Wall Street Journal ^ | August 6, 2018 | Mark Hulbert
    "Here are the stock indicators with enviable track records - and the cautionary tale that they tell". .......... "Bubble Flashbacks" "The only other time it was more bearsih (...since 1951...) was at the top of the internet stock market bubble". [areas that are] "Overvalued by Almost Any Measure" "Ratio of S&P 500's current reading to average since 1954" "Household Equity Allocation" "Price/sales ratio" "Price/book ratio" "Q Ratio" "Buffet Indicator" "Dividend Yield" "Shiller P/E (CAPE)" "Price Earnings ratio" .........
  • Earnings roundup: 2Q profit growth even better than expected

    08/03/2018 7:27:56 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Aug. 03, 2018 8:17 AM EDT
    Investors came into this earnings season with high expectations. They weren’t high enough. Companies in the S&P 500 are on track to deliver earnings-per-share growth of 24 percent for the second quarter. When the quarter started in April, Wall Street was expecting a 19 percent jump, according to FactSet. So far, about three quarters of the companies in the index have reported. If the current pace holds, it would mark the second straight quarter that growth has been close to 25 percent. The big profit gains are an encouraging sign to investors because stock prices tend to track with profits...
  • Is The Interest Rate Death Spiral Finally Starting?

    08/01/2018 8:19:43 PM PDT · by 11th_VA · 30 replies
    Seeking Alpha ^ | July 31, 2018 | John Rubino
    ...The yield on US 10-year Treasury paper is up almost 100 basis points since last September. Meanwhile, the government continues to borrow money and roll over its existing debt. But now it has to do so at ever-higher interest rates, which means it has to pay more interest, which means its deficits are rising, which means it has to borrow even more money at higher interest rates... and so on until this "interest rate death spiral" becomes fatal. It would already be fatal, if not for the Federal Reserve's willingness to buy Treasury bonds at extremely favorable prices (i.e., very...
  • FACEBOOK TROUBLES GROW – FACING LAWSUIT LIABILITIES OF...BILLIONS? 30-plus complaints piled up...

    07/28/2018 9:17:21 PM PDT · by BlackFemaleArmyCaptain · 27 replies
    WND ^ | 28 July 2018
    FACEBOOK TROUBLES GROW – FACING LAWSUIT LIABILITIES OF ...BILLIONS? 30-plus complaints piled up just over Cambridge Analytica The investor and consumer doubts that sparked a near-20 percent plunge in its market value – some $100 billion plus – isn’t the only concern for the giant web company Facebook these days. A report at PJMedia outlines the billions in liabilities the company may have because of a number of crises in recent months. One was the scandal over allowing Cambridge Analytica to breach its users’ privacy and collect data for political purposes. “The company is facing massive fines and possible government...
  • Facebook's $100 Billion-Plus Rout Is The Biggest Loss In Stock Market History

    07/26/2018 2:38:36 PM PDT · by Enlightened1 · 97 replies
    CNBC ^ | 07/26/18 | Fred Imbert and Gina Francolla
    Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report. The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet. No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close. On Sept. 22, 2000, Intel shed $90.74 billion in market value as the dot-com...
  • Vanity: Anti-Trump Facebook Stock Value Tanks Another 20% in After Hours Trading

    07/26/2018 6:06:45 AM PDT · by TigerClaws · 37 replies
    Vanity / Market Feeds
    Zuckerberg lost another $15 billion after the market closed. Market Summary > Facebook, Inc. Common Stock Follow NASDAQ: FB 217.50 USD 0.00 (0.00%) Closed: Jul 26, 9:03 AM EDT · Disclaimer Pre-market 171.37 −46.13 (21.21%)
  • Nasdaq and S&P 500 fall as Facebook leads tech plunge

    07/26/2018 6:40:56 AM PDT · by Red Badger · 32 replies
    CNBC ^ | 07/26/2018 | Fred Imbert | Alexandra Gibbs
    The tech-heavy Nasdaq Composite and S&P 500 opened lower on Thursday after a sharp decline in Facebook sent tech shares lower. Facebook shares dropped more than 20 percent in the premarket, a day after its quarterly revenue missed expectations. Global daily active users, a key metric for the social media giant, also disappointed investors. Additionally, Facebook said it expects its revenue growth rates to slow down from last year. Facebook's earnings per share, however, topped Wall Street estimates. "It's all about tech and Facebook," said Tom Essaye, founder of The Sevens Report. "Facebook earnings and guidance were a disaster and...
  • Dow Rises, Nasdaq Sinks as Facebook Flops

    07/26/2018 6:56:02 AM PDT · by Red Badger · 20 replies
    www.thestreet.com ^ | Updated Jul 26, 2018 9:52 AM EDT | Staff
    Here Are Three Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose early Thursday but the Nasdaq fell sharply after Facebook Inc. (FB) tumbled. Facebook dropped 18.3% after a revenue miss and after the social media giant pointed to slower growth rates. Advanced Micro Devices Inc. (AMD) rose 6.9% after the chipmaker swung to a profit in the second quarter and beat analysts' estimates. Wall Street Overview Stocks were mixed on Thursday, July 26, as investors reacted with caution to a rough agreement between the European Union and the United States to move toward the...
  • Stocks Rocket Into Close on Report of U.S. Trade Deal With Europe

    07/25/2018 1:47:42 PM PDT · by Red Badger · 20 replies
    www.thestreet.com ^ | Updated Jul 25, 2018 4:05 PM EDT | staff
    Here Are Three Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average shot higher at the close on reports of a U.S. deal with the EU to avoid a trade war. Facebook (FB) slides in after-hours trading after revenue miss. General Motors Co. (GM) slumped 4.3% after the automaker issued an outlook for 2018 that was below analysts' estimates. Wall Street Overview Stocks surged in late trading on Wednesday, July 25, to end sharply higher on reports the U.S. and Europe have reaced an agreement to avoid a trade war The Dow Jones Industrial Average rose...
  • America Is Headed For Fiscal Catastrophe – And No One Seems To Care

    07/23/2018 10:42:32 AM PDT · by Kaslin · 74 replies
    Townhall.com ^ | July 23, 2018 | Justin Haskins
    The global debt level is reaching shocking new heights. The Institute of International Finance recently estimated the current total world debt is roughly $247 trillion—a truly unprecedented figure.But as frightening as the global debt has become because of the dangers it poses to the world’s economic stability, Americans should be far more terrified of what this problem might mean for them, especially if the globe endures another major financial collapse before the United States can get its fiscal house back in order. Put simply, America is on the verge of experiencing an absolutely catastrophic period of economic change, and it’s...
  • GE shares pop after plans to spin off health-care unit, on pace for its best day in 3 years

    06/26/2018 12:39:26 PM PDT · by SeekAndFind · 16 replies
    CNBC ^ | 06/26/2018 | Tae Kim
    GE on path to reduce debt by $25 billion GE's turnaround strategy is becoming clear. The company announced plans on Tuesday to spin off its health-care unit and separate its stake in oil services company Baker Hughes over the next two to three years. GE will focus its operations on the aviation, power and renewable energy businesses. “Today marks an important milestone in GE’s history. We are aggressively driving forward as an aviation, power and renewable energy company — three highly complementary businesses poised for future growth. We will continue to improve our operations and balance sheet as we make...