US weekly jobless claims total 269,000 vs. 265,000 expected jobless claims The number of Americans filing for unemployment benefits unexpectedly rose last week, but the trend continued to point to a healthy labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 269,000 for the week ended July 30, the Labor
Complete Reading

US Stagnation Threat, Policy Responses Will Boost Gold, Silver Prices With a loose monetary policy increasingly ineffective at boosting investment and underlying growth, there will be strong pressure for a change in tack. Any monetary tightening would increase the risk of an aggressive sell-off in equities while the risks of rising inflation and weaker dollar
Complete Reading

Investors Buz Global Economy 8.3.16 The reversal in oil prices to $40 a barrel is rippling through equity and bond markets, reigniting concerns about deeply indebted companies and countries reliant on commodities. “Should oil slice through $40 towards $35, macroeconomic fears will pick up,” said Michael Hartnett, chief investment strategist at Merrill Lynch. Before the
Complete Reading

Investors  Global Markets Buzz 8.2.16 Looking to jolt the nation back to life, Japanese Prime Minister Shinzo Abe’s cabinet has approved a ¥28T ($274B) stimulus package amid a growing consensus that monetary policy alone won’t be able to revive the economy. According to Dow Jones, the stimulus package ranks among Japan’s biggest since the global
Complete Reading

Investors Global Markets Buzz 8.1.16 Uber Technologies is giving up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion. The new entity combines Didi Chuxing’s (Private:DIDI) most recent valuation of $28B and Uber China’s $7B for a $35B market capitalization. Didi will also make
Complete Reading

Create Account



Log In Your Account