Category Finance

The CNBC retail monitor sees consumer spending cooling, but still higher: Retail sales ex auto and gas MoM: +0.5% versus +0.7% last month. Retail Sales YoY ex auto and gas: +2.1% versus +0.9% last monthCore Retail Sales MoM: 0.2% versus +1.0% last monthCore Retail Sales YoY: on .9%…

To cut, or not to cut 50 basis points. As the Federal Reserve’s September meeting approaches, JP Morgan reiterates its call for a 50 basis point cut, scheduled for Wednesday at 2 PM ET. Following Nick Timiraos’ article highlighting the Fed’s predicament, market odds have shifted from 20-80…

The comments from Makhlouf are in-line with the views expressed by ECBs Lagarde. The ECB is sittiong on the fence and waiting….even if it might be uncomfortable. This article was written by Greg Michalowski at www.forexlive.com.

Crude oil futures is settling at $68.65. That is down $0.32 -0.46%. The high price reached $70.32. The low price was at $68.50 THe selling into the settlement took the price below the 200 hour MA at $68.91. This article was written by Greg Michalowski at www.forexlive.com.

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The USDCAD closed the week at 1.3558. The current price is a little higher at 1.3580. The high price for the week reached 1.3622 on Wednesday. That move took the price above a swing area with the high at 1.36188, but quickly reversed lower. The high price stalled…

John Paulsen made a killing by calling the 2008 housing market bubble. A supporter of GOP candidate Trump, he is on CNBC given an interview. He says it is a good time for investingWe did have a bubble in government debt (negative interest rate times), but does not…

That’s a wrap for the European stock indices for the trading week, and then ended the day with gains, and the week with gains as well. For the trading day: German DAX +0.92% France’s CAC, +0.41%.UK’s FTSE 100 +0.39%Spain’s Ibex, +1.23%Italy’s FTSE MIB +0.34% For the trading week:…

Boeing machinists went on strike after rejecting a 25% pay raise.That is shuttered the going manufacturing plant Here are the main points from the Boeing CFO’s statement Strike Impact: Strike will jeopardize recovery, impact production and deliveries Cash Conservation: Laser-like focus on actions to conserve cash Union Negotiations:…

The price of crude oil is now trading in negative territory and $69.08. That is down from a high of $70.32. Looking at the hourly chart, the price action this week did move above its 200-hour moving average (currently at $68.93) on its way to the high today.…