US stocks are mixed but are at arms length with the flatline after opening under pressure following the first look at US 2Q GDP, which showed a slower-than-anticipated rate of growth and a …
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Acme Packet (APKT) was a great example of a company that was Overvalued coming into earnings, so that anything less than absolutely outstanding results will pull the stock lower. Today, the communications equipment maker reported earnings and revenues that topped analysts’ expectations but rather than getting a boost shares are trading lower by 12% on Friday afternoon. Furthermore, the company raised sales guidance for the rest of the year to $214 million to $218 million, but that was considered weaker than the market hoped to see. As for profits, for the full-year Acme expects to earn between 72 and 74 cents per share, exceeding consensus estimates of 68 cents. Read the whole story »
House lawmakers are set to vote Friday on a piece of legislation deigned to bolster the nation’s infrastructure, create jobs and crack down on multinational companies that evade taxes.
The Investing in American Jobs …
Yields slumped after investors reacted with despair to a downturn in U.S. second quarter GDP. The response might not have been so bad had St. Louis Fed chief Bullard not pulled out a …
That’s the thing about the “unthinkable”: after people experience one highly improbable event after another, they naturally question a host of other assumptions. Thus, in a world that has witnessed economic and financial upheavals that …
Billions of dollars are pouring into exchange-traded funds (ETFs), but it seems there is still much for investors to learn about how these funds work.
We’ve written in the past about ETF liquidity issues …
Over 100 members of Congress, representing both chambers and parties, on Wednesday urged President Barack Obama to investigate illegal subsidies in the Chinese paper industry.
In a letter sent to the White House, lawmakers …
Today’s tickers: FXI, GMCR, XLP & KR
FXI – iShares FTSE/Xinhua China 25 Index Fund – The implementation of a large-volume iron condor on the FXI, an exchange-traded fund that corresponds to the …
The nation moved one step closer to developing a true national manufacturing strategy Tuesday after the House Energy and Commerce Committee passed the National Manufacturing Strategy Act, paving the way for a …
Yields are relatively static with dealers reluctant to sell bonds toward the top of the recent yield range for lack of evidence that central banks will normalize monetary policy anytime soon. Nevertheless they …
The U.S. dollar index reached its lowest point in three months as differences in the pace of recovery between the U.S. and the Eurozone rise to the surface. The latest evidence shows growing …
The RBNZ (Reserve Bank of New Zealand) increased the official cash rate at its July meeting 25bps to 3.00%, and signaled that further rate rises will likely be on the go-slow. It noted …
Interesting headline – I wonder if this represents a “new attitude” towards debt OR the fact so many Americans are now underwater they no longer can do cash out refinancing to support their spending habits. Gun to …
Pierre Lassonde is one of the smartest people in the gold world, and he has the track record to prove it.
He’s a former president of Newmont Mining, the world’s largest gold producer, and was …
The euro stayed within reach of an 11-week high versus the dollar today (July 28th), following solid economic data and bank earnings.
Reuters reports the currency remained close to the $1.3045 (83p) in Forex trading …
The Economist magazine is asking whether there has been an increase in America’s structural unemployment. If the answer is yes then macroeconomic policy may be limited in how much it can do to …
RRC – Range Resources Corp. – Frenzied options activity on the Texas-based independent oil and gas exploration and development company ensued right out of the gate this morning with shares of the …
Despite the near certainty of its defeat because of unanimous Republican opposition, Senate Democrats forged ahead yesterday with a piece of legislation that would enact spending limits on the U.S. subsidiaries of …
Rep. Sander Levin (D-MI), Ways and Means Committee Chairman, Tuesday announced the introduction of legislation designed to both spur the manufacturing sector and move the nation’s economy beyond fossil fuels, according to …
Dovish comments from policymakers in Britain and a dip in Australian inflation prospects conspired to lift government bond prices midweek after yields had shied away from record lows on the theory that a …
A certain amount of regrouping appears to be underway as investors try to size-up the risks to the growing theme that world growth continues albeit modestly. That’s the glass half-full version of what …
GBP continues to enjoy the summer months. Will autumn prove as kind?
Headlines
Australia: The core ‘trimmed mean’ CPI rose 0.5% q/q in Q2 to bring the annual rate of increase to 2.7% and hence below the …
| DJIA | 10465.94 | |||||||
| NASDAQ | 2254.70 | |||||||
| S&P 500 | 1101.60 | |||||||
| Cboe Interest Rat | 2.91 | |||||||
| Dax | 6147.97 | |||||||
| Ftse 100 | 5258.02 | |||||||
| Cac 40 | 3643.14 | |||||||
| Hang Seng Index | 21029.81 | |||||||
| Nikkei 225 | 9537.30 | |||||||
| China Shanghai Co | 2637.50 | |||||||
| Irx-x.w | 0.00 | ||||
| Treasury Yield 5 | 1.60 | ||||
| Cboe Interest Rat | 2.91 | ||||
| Treasury Yield 30 | 3.98 |
