Markets and Economy
BRAZIL: Ibovespa Rises, But Worries Remain About Pension Reform
Sat, 09 Dec 2017 13:12:02 GMT
Ibovespa, the benchmark stock index in Brazil, closed up 0.33% at 72,731.84 points Friday, tracking markets abroad and boosted by expectations on the pension reform's approval by the Brazilian House of Representatives still in 2017. However, the index lost strength near the end of the session as investors turned skeptical on the reform prospects. In the week, after strong volatility, the Ibovespa rose 0.65%.
VALE: It Is Impossible To Know When Samarco Will Resume Activity, Says CEO
Sat, 09 Dec 2017 12:51:00 GMT
More than two years after the break of a Samarco dam in Brazil caused one of the worst environmental disasters ever recorded, it is impossible to say when the company would resume its operations, said Vale's CEO Fabio Schvartsman at the "Vale Day" in London. Samarco is a joint-venture between Vale and BHP Billiton.
Bitcoin drops after dramatic gains ahead of futures launch
Sat, 09 Dec 2017 08:51:43 GMT
LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.
Annual Changes to the NASDAQ-100 Index
Sat, 09 Dec 2017 01:05:00 GMT

NEW YORK, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced the results of the annual re-ranking of the NASDAQ-100 Index® (NASDAQ:NDX), which will become effective prior to market open on Monday, December 18, 2017.

The following five companies will be added to the Index: ASML Holding N.V. (NASDAQ:ASML), Cadence Design Systems, Inc. (NASDAQ:CDNS), Synopsys, Inc. (NASDAQ:SNPS), Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Workday, Inc. (NASDAQ:WDAY).

The NASDAQ-100 Index is composed of the 100 largest non-financial companies listed on The NASDAQ Stock Market® and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index®, which is comprised of the 100 largest financial stocks on NASDAQ®. These indexes act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

On a cumulative price return basis, the NASDAQ-100 Index has returned almost 3,731% since inception, although past performance is not indicative of future performance.

The NASDAQ-100 Index is the basis of the PowerShares QQQ Trust (NASDAQ:QQQ) which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and ...

Full story available on Benzinga.com

Apple in talks to acquire music identification app Shazam: source
Sat, 09 Dec 2017 00:19:22 GMT
SAN FRANCISCO (Reuters) - Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation.
Southern California wildfires burn up 'several hundred acres' of avocado groves
Sat, 09 Dec 2017 00:07:00 GMT
With avocado crop losses mounting in the California wildfires, we could pricing impacts, says an industry official.
Tax-loss selling to pressure 2017's losers in December
Fri, 08 Dec 2017 23:50:48 GMT
NEW YORK (Reuters) - Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year.
Assembly Biosciences Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4)
Fri, 08 Dec 2017 22:53:44 GMT

INDIANAPOLIS, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Assembly Biosciences, Inc. (NASDAQ:ASMB), a clinical-stage biotechnology company advancing a new class of oral therapeutics for the treatment of hepatitis B virus (HBV) infection and novel oral live biotherapeutics for disorders associated with the microbiome, today announced grants of options to four new employees to purchase an aggregate of 10,400 shares of Assembly's common stock with an exercise price of $44.28 per share, the closing price on December 8, 2017. The stock options have a ten-year term and vest over four years, with one-fourth vesting on the first anniversary of the date of grant and the remaining three-fourths vesting in equal monthly installments thereafter. The options in all cases are subject to such employees' continued service with Assembly through the applicable vesting dates and to acceleration upon the occurrence of certain events as set forth in the option agreements. None of these new employees are executive officers.

The stock options were granted outside of Assembly's stockholder-approved equity incentive plan pursuant to Assembly's ...

Full story available on Benzinga.com

PepsiCo to move to Nasdaq after nearly a century with NYSE
Fri, 08 Dec 2017 22:41:30 GMT
(Reuters) - PepsiCo Inc is moving its listing to the Nasdaq, ending a century-long association with the New York Stock Exchange.
EU regulators to warn Bayer about Monsanto bid: source
Fri, 08 Dec 2017 22:37:39 GMT
BRUSSELS (Reuters) - EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns.
Delta Air Lines cancels hundreds of flights due to winter storm
Fri, 08 Dec 2017 22:10:37 GMT
NEW YORK (Reuters) - Delta Air Lines has canceled more than 600 flights due to inclement weather at its Atlanta hub, the carrier said on Friday, as a winter storm travels towards the northeast, threatening more cancellations and delays.
Canoe EIT Income Fund Announces 2017 Annual Redemption Price
Fri, 08 Dec 2017 22:00:13 GMT

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

CALGARY, Alberta, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund ("Canoe" or the "Fund") (TSX:EIT) today announced that units accepted for the 2017 voluntary cash redemption will be redeemed at a price of $11.81 per unit in Canadian dollars.  This price is equal to 95% of the average net asset value per unit based on the three business days preceding the redemption date of December 8, 2017, less direct costs.  Payment of the redemption proceeds will be made on or before January 3, 2018.  Units that were not accepted for redemption have been returned to unitholders.   

About the Fund
The Fund is one of Canada's largest, diversified closed-end investment funds and is listed on the TSX under the symbol EIT.UN. The Fund is actively managed and invests in a diversified portfolio of income-generating and capital ...

Full story available on Benzinga.com

ARC Group Worldwide Announces Its Intent to Pursue a Rights Offering
Fri, 08 Dec 2017 22:00:00 GMT

DELAND, Fla., Dec. 08, 2017 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. ("ARC" or the "Company") (NASDAQ:ARCW), a leading global provider of advanced manufacturing and metal 3D printing solutions, today announced its intent to commence a rights offering pursuant to which it plans to raise approximately $10.0 million through the distribution of subscription rights and the exercise thereof.  The rights will entitle the security holders to purchase shares of the Company's common stock. 

The Company has filed with the Securities and Exchange Commission (the "Commission") a registration statement under the Securities Act of 1933, as amended, in order to effect the rights offering.  The rights will be issued to all shareholders as of a record date to be determined by the Company's Board of Directors. 

This rights offering will be made through a distribution to shareholders of non-transferable subscription rights.  The Company will allocate to each shareholder, by reference to the percentage ownership of the Company on the record date, a proportionate number of the rights offered.  The rights offering subscription price per share will be set at a 10% discount to the closing price of the Company's common stock on the record date, subject to a minimum subscription price of $2.00 per share.  The Company will publicly announce the record date, subscription price, and maximum number of shares available for issuance in the rights offering on such date as determined by the Board of Directors.

The registration statement relating to these securities has been filed with the Commission, but has not yet become effective. The rights may not be distributed by the Company nor may the Company ...

Full story available on Benzinga.com

SEC to delay mutual fund disclosures in cybersecurity push
Fri, 08 Dec 2017 21:54:19 GMT
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity.
Strong U.S. job growth in November bolsters economy's outlook
Fri, 08 Dec 2017 21:44:27 GMT
WASHINGTON (Reuters) - U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.
JC Penney launches subscription box for big and tall men
Fri, 08 Dec 2017 21:28:00 GMT
J.C. Penney is the latest retailer to jump on the subscription box bandwagon.
Global Brokerage, Inc. to Voluntarily Delist Common Shares from The NASDAQ Capital Market
Fri, 08 Dec 2017 21:15:00 GMT

NEW YORK, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Global Brokerage, Inc. (NASDAQ:GLBR) ("Global Brokerage"), announced today that it has notified The NASDAQ Stock Market ("Nasdaq") of its intention to voluntarily withdraw its Class A common stock, par value $0.01 (the "Common Stock"), from listing on The NASDAQ Capital Market (the "Exchange").

Global Brokerage intends to file a Form 25, Notification of Removal from Listing under Section 12(b) of the Securities Exchange Act of 1934, with the Securities and Exchange Commission (the "SEC") on or about December 19, 2017, notifying the SEC of its delisting from the Exchange.  The last day of trading on the Exchange will be December 28, 2017.  Global Brokerage has not arranged for listing or registration of its Common Stock on another national securities exchange.

As previously announced, on May 2, 2017, Nasdaq notified Global Brokerage that the market value of its publicly held Common Stock did not meet the requirement for continued listing under The NASDAQ Global Market's listing standards. On November 6, 2017, Global Brokerage was notified that Nasdaq would remove Global Brokerage from The NASDAQ Global Market. Nasdaq approved Global Brokerage to transfer its stock to the Exchange, and the Common Stock began trading at the opening of business on November 13, 2017.

Global Brokerage's Board of Directors intends to withdraw its Common Stock from listing on the Exchange as a result of several ...

Full story available on Benzinga.com

Platform Specialty Products Corporation Announces Closing of Tack-on Offering of 5.875% Senior Notes due 2025
Fri, 08 Dec 2017 21:15:00 GMT

WEST PALM BEACH, Fla., Dec. 08, 2017 (GLOBE NEWSWIRE) -- Platform Specialty Products Corporation (NYSE:PAH) ("Platform") announced today that it has closed its previously-announced offering of an additional $250 million aggregate principal amount of senior notes due 2025 (the "New Notes"). The New Notes were issued under the same indenture pursuant to which Platform issued its outstanding $550 million aggregate principal amount of 5.875% senior notes due 2025, on November 24, 2017 (the "Existing Notes"). Accordingly, the New Notes have the same terms as, and are fungible and form a single series with, the Existing Notes. The New Notes bear interest at a rate of 5.875% per annum starting from November 24, 2017, to be paid semi-annually in arrears, and will mature on December 1, 2025. The New Notes are fully and unconditionally guaranteed on a senior unsecured basis by certain of Platform's existing domestic subsidiaries. Upon satisfaction of certain conditions, all of the then direct and indirect domestic subsidiaries constituting Platform's Agricultural Solutions business may be released from their guarantees of the New Notes.

Platform intends to use the net proceeds from the offering of the New Notes to repay a portion of its existing term loans under its amended and restated credit agreement.

The New Notes were offered solely to qualified institutional buyers pursuant ...

Full story available on Benzinga.com

Adamas Announces New Employment Inducement Grant
Fri, 08 Dec 2017 21:05:00 GMT

EMERYVILLE, Calif., Dec. 08, 2017 (GLOBE NEWSWIRE) -- Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS) today announced that the compensation committee of the company's board of directors granted 64 new employees the option to purchase an aggregate of 77,550 shares of the company's common stock, at a per share exercise price of $35.76, the closing trading price on December 7, 2017, and restricted stock units to acquire 38,775 shares of the company's common stock. The stock option and restricted stock units vest over four years and were granted pursuant to ...

Full story available on Benzinga.com

BRAZIL: House To Vote Pension Reform On Dec 18, Says Congressional Leader
Fri, 08 Dec 2017 21:03:47 GMT
The vote on the pension reform bill in the Brazilian House of Representatives should occur on December 18, said the ruling coalition speaker Aguinaldo Ribeiro (PP-PB) after a dinner with President Michel Temer on Thursday, reported the official news agency, Agˆncia Brasil.
BRAZIL: President Expects Senate To Vote On Pension Reform In February
Fri, 08 Dec 2017 20:55:35 GMT
Brazilian President Michel Temer spoke about the expectation of a Senate floor vote on the pension reform bill in February.
BRAZIL: Annual Inflation Rises Less Than Expected In November
Fri, 08 Dec 2017 20:48:24 GMT
The annual inflation in Brazil slowed down to 2.50% in November, from 2.70% in October, and remained below economists projections of a 2.88% rate. It is also at the bottom of the country's central bank target, which ranges from 2.5% to 6.5% per year.
Trump says fines against Wells Fargo could be increased
Fri, 08 Dec 2017 20:44:50 GMT
WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal.
Trump says fines against Wells Fargo could be increased
Fri, 08 Dec 2017 20:44:50 GMT
WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be...
Is Bitcoin A New Asset Class Or The Next Great Market Bubble£
Fri, 08 Dec 2017 19:27:31 GMT

By now, you’re probably sick and tired of hearing about the price appreciation of bitcoin. Especially if the friends or family who told you to invest earlier were bragging about profits over Thanksgiving dinner.

Whether or not you’re invested or want to invest, the price history of the cryptocurrency is mind-boggling when taking into consideration that it may have no real value at all. Not to rub salt in the wound for those of you on the sidelines, but this tweet, which is where the inspiration for this article came from, shows the crazy and rapid rise in bitcoin this week.

Bitcoin Supply And Demand

Let’s start with the fundamental reasons why bitcoin has skyrocketed.

Even if one has never taken an economics class, the supply and demand dynamics are easy to understand. New bitcoins come into the world via a complex mathematical and computing process. At this time, only 21 million bitcoins are to be mined, or distributed, by 2140. Every few years, the amount to be mined is cut in half. That total includes 4-6 million that have been lost.

“Money follows money and this is creating this new digital asset class for investors which we have not seen in our lifetime,” bitcoin investor Michael Graub told Benzinga.

If this is indeed true, then with only a limited supply, bitcoin’s rapid price appreciation is not out of the ordinary, especially if there is truly institutional money on the sidelines that wants or needs to add bitcoin to ...

Full story available on Benzinga.com

Amazon shows how corporations are taking on roles once performed by governments
Fri, 08 Dec 2017 19:25:00 GMT
In functional arenas from room-letting to transportation to commerce, persons will be increasingly subject to corporate, rather than democratic, control.
Cooling gun sales, dampened profit outlook sends owner of Smith & Wesson sharply lower
Fri, 08 Dec 2017 19:14:00 GMT
American Outdoor Brands sank more than 12 percent after warning about a tougher firearms market and slashing guidance.
Dina Powell, Goldman Sachs veteran, is stepping down as White House deputy national security advisor
Fri, 08 Dec 2017 18:35:00 GMT
Powell joined the Trump administration during the presidential transition and was seen as a close ally of Jared Kushner.
Quadron Cannatech Is Unaware of Any Material Changes
Fri, 08 Dec 2017 17:34:48 GMT

VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- At the request of IIROC, Quadron Cannatech Corporation (the "Company" or "Quadron") – (CSE:QCC), wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

About Quadron: Quadron focuses on ancillary equipment, products and services for the authorized cannabis industry, providing automated extraction and processing solutions, and sales ...

Full story available on Benzinga.com

WestJet to gain market share with Delta joint venture: Moody's
Fri, 08 Dec 2017 17:23:45 GMT
(Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said.
U.S. tax repatriation plan may not cure long-term dollar weakness
Fri, 08 Dec 2017 17:15:59 GMT
NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade...
Steinhoff shares climb off 14-year low in volatile trade
Fri, 08 Dec 2017 17:06:23 GMT
JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.
25 Stocks Moving In Friday's Mid-Day Session
Fri, 08 Dec 2017 17:01:42 GMT

Gainers

  • Pyxis Tankers Inc. (NYSE: PXS) rose 47.48 percent to $$5.56, after the company announced it has entered into a definitive securities purchase agreement with a group of investors, which will result in gross proceeds of $4.8 million.
  • Sigma Designs Inc (NASDAQ: SIGM) rose 22.77 percent to $6.88. Silicon Laboratories (NASDAQ: SLAB) announced plans to buy Sigma Designs for $7.05 per share in cash.
  • Steadymed Ltd (NASDAQ: STDY) rose 19.35 percent to $3.70, after the company reported that no clinical trials were required for Trevyent and that the FDA had agreed to the pathway for the drug candidate's NDA resubmission.
  • Iteris, Inc. (NASDAQ: ITI) rose 15.73 percent to $7.06. Earlier in the week, Zacks Investment Research had upgraded the company from "Sell" to "Hold".
  • Science Applications International Corp (NYSE: SAIC) rose 13.71 percent to $85.77 as the company reported better-than-expected earnings for its third quarter.
  • Technical Communications Corporation (NASDAQ: TCCO) rose 12.41 percent to $6.07, after having risen sharply in pre-marketing trading.
  • Radius Health, Inc. (NASDAQ: RDUS) rose 12.41 percent to $30.81 after the company provided an update on data from the Phase 1 005 clinical study of elacestrant in patients with estrogen receptor positive breast cancer during the 2017 San ...

Full story available on Benzinga.com

USD/JPY With Doors Open For A Rally To 114.00
Fri, 08 Dec 2017 16:50:18 GMT

The USD/JPY pair rose to 113.19 yesterday as expected and extended gains further to 113.39; the highest level Nov. 14.

Currently, the spot is trading at 113.29 and as per the chart studies, looks set to extend gains to 114.00 levels ahead of the weekend.

4-hour chart

og1_0.png

  • Inverse head and shoulders breakout.
  • 5-MA, 10-MA curled up in favor of the bulls.
  • Bullish 50-MA, 100-MA crossover.
  • Bullish 5-MA and 200-MA crossover.
  • Bullish RSI.

The spot looks set to extend the rally to at least 114.00 ...

Full story available on Benzinga.com

Bitcoin Bullish Potential Still Unlimited Despite Healthy Short-term Retracement
Fri, 08 Dec 2017 16:44:16 GMT
  • BTC/USD shocked the world once again by trading above $18000 for brief moments
  • The $15000 mark is now the short-term support after a healthy correction

Thursday December 7th was another historic trading day for the Bitcoin, any market geek should love a day like that. Yesterday’s action, opening at $13902 and reaching the $18000 mark, was again breath-taking. As BTC/USD reached its new all-time high, price action speed was lightning fast, signalling exhaustion for the bulls in the very short-term.

In the 15-min chart, Bitcoin has drawn a retracing C-wave, thus completing the pattern. In this very short-term timeframe, bullish potential is again there, so we could be going into another fascinating trading day.

BTC/USD 15-min

btc_usd_37-636483213275483881.png

Chart indicators show the following developments:

  • Bitcoin has drawn a textbook retracement from its ...

Full story available on Benzinga.com

EUR/USD Bears Eyeing Mid-1.1700s Confluence Support, NFP In Focus
Fri, 08 Dec 2017 16:34:30 GMT

The US Dollar continued gaining some positive traction through the Asian session on Friday, dragging the EUR/USD pair farther below the 1.1800 handle to its lowest level since Nov. 22. Against the backdrop of upbeat ADP report on the US private sector employment, Thursday's release of weekly initial jobless claims data kept pushing the greenback higher. 

The pair remained under some selling pressure for the fifth consecutive session on Friday as investors looked forward to the keenly watched US monthly ...

Full story available on Benzinga.com

U.S. Wholesale Inventories Drop More Than Expected In October
Fri, 08 Dec 2017 16:31:16 GMT
A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. decreased by more than expected in the month of October. The report said wholesale inventories fell by 0.5 percent in October after inching up by a downwardly revised 0.1 percent in September.
U.S. Consumer Sentiment Unexpectedly Deteriorates In December
Fri, 08 Dec 2017 16:07:01 GMT
Reflecting a deterioration in consumer expectations, the University of Michigan released a report on Friday showing an unexpected decrease in U.S. consumer sentiment in the month of December. The report said the preliminary reading on the consumer sentiment index for December fell to 96.8 from the final November reading of 98.5.
On This Day In Market History: The Dissolution Of The Soviet Union
Fri, 08 Dec 2017 16:03:55 GMT

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date.

What Happened£

On this day 26 years ago, the Soviet Union, America’s Cold War rivals for decades, officially dissolved.

Where Was The Market£

The S&P 500 closed the previous week at 379.10, and the Dow closed at 2,886.40.

What Else Was Going On In The World£

U.S. minimum wage was just $4.25 per hour, and the top song of the year was “(Everything I Do) I Do It For You” by Bryan Adams.

The End Of The Cold ...

Full story available on Benzinga.com

A departure with implications for investors: Disney's John Lasseter
Fri, 08 Dec 2017 15:58:00 GMT
The departure of John Lasseter, the chief creative officer of Pixar, may have an impact on investors, the NYT reports.
UBS investment bank head wary on 2018 outlook
Fri, 08 Dec 2017 15:51:21 GMT
ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.
City of London sticks to Brexit plans despite progress
Fri, 08 Dec 2017 15:51:01 GMT
LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.
November Jobs Boom: Economy Creates Far More Positions Than Expected
Fri, 08 Dec 2017 15:30:38 GMT

November brought a jobs bonanza, with 228,000 new positions added and really high quality ones, at that. If anyone needed another sign that the economy is humming along, this could be it. Stocks ticked up in pre-market futures trading after the monthly payrolls report hit the wires.

It’s important not to look at just the overall number — which this time beat average Wall Street analyst estimates of 170,000 by nearly 60,000 positions. Investors need to dig into where those jobs were created, and this time, it’s mainly in categories that speak to real economic strength. Just consider some of the numbers: A 46,000-position rise in business and professional services, 31,000 new jobs in manufacturing, 30,000 in health care, and 24,000 in construction. These are job categories where people can often build careers.

Also, the report showed more people out there looking for work, another sign of a growing economy. The number of so-called “discouraged” workers who aren’t looking for work because they think no jobs are available fell by 122,000 from a year earlier, and the number of long-term unemployed is down significantly year-over-year. Still, labor force participation stayed flat at a relatively low 62.7%.

One sore spot, if you have to find one, could be on the wage side of the picture. Hourly earnings rose 0.2% to $22.24, barely a blip and slightly below the 0.3% rise analysts had predicted.

As it usually does, the Labor Department posted some revisions to prior reports. It took September employment up by 20,000 and revised October jobs down by 17,000. Combined, this had very little effect on jobs growth for those two months.

There’s nothing in this report that hints at any possible change in Fed policy. We’re looking at 100% chances of a rate hike next week, according to Fed funds futures. It’s not often that futures predict a 100% chance of anything, so maybe this is one to frame on the wall. As we pointed out earlier this week, futures prices even predict small odds of a 50-point rise in rates, though nothing from the Fed recently has hinted at possible surprises.

Stocks generally performed well on Thursday, with the Dow Jones Industrial Average ($DJI) getting a boost from General Electric (GE). That beaten-down name rallied in one of those good news/bad news-type of days, as the company announced major layoffs. Industrials led the sector board, rising nearly 1%. Other sector leaders included materials and info tech, which seems to be ...

Full story available on Benzinga.com

November Jobs Boom: Economy Creates Far More Positions Than Expected
Fri, 08 Dec 2017 15:30:38 GMT

November brought a jobs bonanza, with 228,000 new positions added and really high quality ones, at that. If anyone needed another sign that the economy is humming along, this could be it. Stocks ticked up in pre-market futures trading after the monthly payrolls report hit the wires.

It’s important not to look at just the overall number — which this time beat average Wall Street analyst estimates of 170,000 by nearly 60,000 positions. Investors need to dig into where those jobs were created, and this time, it’s mainly in categories that speak to real economic strength. Just consider some of the numbers: A 46,000-position rise in business and professional services, 31,000 new jobs in manufacturing, 30,000 in health care, and 24,000 in construction. These are job categories where people can often build careers.

Also, the report showed more people out there looking for work, another sign of a growing economy. The number of so-called “discouraged” workers who aren’t looking for work because they think no jobs are available fell by 122,000 from a year earlier, and the number of long-term unemployed is down significantly year-over-year. Still, labor force participation stayed flat at a relatively low 62.7%.

One sore spot, if you have to find one, could be on the wage side of the picture. Hourly earnings rose 0.2% to $22.24, barely a blip and slightly below the 0.3% rise analysts had predicted.

As it usually does, the Labor Department posted some revisions to prior reports. It took September employment up by 20,000 and revised October jobs down by 17,000. Combined, this had very little effect on jobs growth for those two months.

There’s nothing in this report that hints at any possible change in Fed policy. We’re looking at 100% chances of a rate hike next week, according to Fed funds futures. It’s not often that futures predict a 100% chance of anything, so maybe this is one to frame on the wall. As we pointed out earlier this week, futures prices even predict small odds of a 50-point rise in rates, though nothing from the Fed recently has hinted at possible surprises.

Stocks generally performed well on Thursday, with the Dow Jones Industrial Average ($DJI) getting a boost from General Electric (GE). That beaten-down name rallied in one of those good news/bad news-type of days, as the company announced major layoffs. Industrials led the sector board, rising nearly 1%. Other sector leaders included materials and info tech, which seems to be ...

Full story available on Benzinga.com

Start-up app adds cryptocurrency feature, has a ‘tough’ time during bitcoin rally
Fri, 08 Dec 2017 14:59:00 GMT
When Revolut decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty.
U.S. Employment Jumps More Than Expected But Wage Growth Misses Estimates
Fri, 08 Dec 2017 14:16:51 GMT
Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday, although the report also showed weaker than expected wage growth during the month. The report said non-farm payroll employment jumped by 228,000 jobs in November.
Upbeat Jobs Data May Lead To Strength On Wall Street
Fri, 08 Dec 2017 14:02:38 GMT
The major U.S. index futures are pointing to a higher opening on Friday following the release of the closely watched monthly jobs report.
U.S. Employment Jumps More Than Expected In November
Fri, 08 Dec 2017 13:39:15 GMT
Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday. The report said non-farm payroll employment jumped by 228,000 jobs in November after surging up by a revised 244,000 in October.
Italy's Economic Growth Likely To Slow A Little In 2018
Fri, 08 Dec 2017 13:32:51 GMT
Despite performing fairly well ahead of the election, the Italian economy is likely to underperform in 2018, Jack Allen, an economist at Capital Economics, said.
Poland's Tightening Cycle Likely To Begin In Early 2018
Fri, 08 Dec 2017 13:16:16 GMT
Despite the central bank governor's dovish rhetoric, which belied the shift in sentiment across the monetary policy council as a whole, the start of a tightening isn't far away in Poland, Liam Carson, an economist at Capital Economics, said.
Global Gas Engine Market Will Reach USD 4.4 billion by 2022: Zion Market Research
Fri, 08 Dec 2017 13:00:37 GMT

Sarasota, FL, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Gas Engine Market (By Fuel Type: Natural Gas and Others; By End Users: Industrial, Residential, Utility, and Commercial; For Co-Generation, Mechanical Drives, and Power Generation Application: Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, global gas engine market was valued at USD 3.1 billion in 2016 and is expected to reach USD 4.4 billion in 2022, growing at a CAGR of 6% between 2017 and 2022.    

A gas engine is basically an internal combustion engine that generates impulse power by utilizing a variety of gases as fuel. The gas engine is usually applied as stationary continuous generation units but also operate as peaking plants and in greenhouses to meet fluctuations in limited electricity demand. The gas engine can be regulated with various types of gas, such as shale gas, natural gas, landfill gas, syngas and sewage gas. The gas engine can produce electricity in parallel with the local electricity grid, in island mode operation or for power generation in remote areas. The gas engine is designed for maximum electrical & thermal efficiency, high reliability & availability, and low operation & service costs.

Browse through 90 Tables & 51 Figures spread over 130 Pages and in-depth TOC on "Gas Engine Market: By Type, Size, Share, Trends, Analysis and Global Forecast 2016 – ...

Full story available on Benzinga.com

UK GDP Growth Momentum Stable In Nov: NIESR
Fri, 08 Dec 2017 12:56:38 GMT
UK economic growth sustained its momentum in the three months to November, supported by the service sector and industrial production, the National Institute of Economic and Social Research said on Friday.
UK Industrial Output Remains Flat; Manufacturing Continues To Rise
Fri, 08 Dec 2017 12:26:00 GMT
UK industrial production remained unchanged in October, while manufacturing continued to expand on car production. Industrial production remained flat, as expected, after expanding 0.7 percent in September, data from the Office for National Statistics revealed Friday.
Slovakia Trade Surplus Falls In October
Fri, 08 Dec 2017 12:02:50 GMT
Slovakia's foreign trade surplus decreased in October from a year ago, as imports grew faster than exports, data from the Statistical Office of the Slovak Republic showed Friday.
Brazil Inflation Slows In November
Fri, 08 Dec 2017 11:44:06 GMT
Brazil's monthly inflation eased more-than-expected in November after accelerating in the previous month, mainly due to the continued fall in food prices, preliminary data from IBGE showed Friday.
Greece Inflation Accelerates In November
Fri, 08 Dec 2017 11:37:37 GMT
Greece's consumer price inflation accelerated in November after easing in the previous month, figures from the Hellenic Statistical Authority showed Friday.
Decade in the making: post-crisis banking rules finally signed
Fri, 08 Dec 2017 11:33:00 GMT
Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, capping a decade of effort to make banks more resilient even if they fell short of their own initial hopes.
Uber's licence just got suspended in another British city
Fri, 08 Dec 2017 11:10:00 GMT
Uber can continue to operate in Sheffield until Dec. 18, and if it chooses to appeal the suspension, it can still run until that appeal is heard.
Britons' 1-Year Ahead Inflation Expectations Rise: BoE/TNS Survey
Fri, 08 Dec 2017 11:03:48 GMT
Britons' one-year ahead inflation expectations rose slightly in November, according to a quarterly Inflation Attitudes Survey from the Bank of England and TNS.
German Exports Fall Unexpectedly; Imports Rebound
Fri, 08 Dec 2017 10:55:30 GMT
Germany's exports declined unexpectedly in October, while imports rebounded at a faster-than-expected pace on domestic demand, data from Destatis showed Friday. Exports decreased 0.4 percent month-on-month in October, the same as seen in September. Shipments were forecast to grow 1 percent. This was the second straight decline in exports.
Iceland Q3 Economic Growth Eases
Fri, 08 Dec 2017 10:50:38 GMT
Iceland's economic growth eased for the third straight quarter in the three months ended September, figures from Statistics Iceland showed Friday.
Coinbase was number one on Apple's app store after bitcoin’s wild surge
Fri, 08 Dec 2017 10:39:00 GMT
Coinbase said its site has been experiencing "record high traffic” after bitcoin's price soared.
Turkey Retail Sales Rise In October
Fri, 08 Dec 2017 10:24:47 GMT
Turkey's retail sales increased for the first time in four months in October, though slightly, figures from the Turkish Statistical Institute showed Friday.
Beauty industry striving for diversity, analyst says
Fri, 08 Dec 2017 10:19:00 GMT
Charlotte Libby, global color cosmetics and fragrance analyst at Mintel, discusses consumer trends in the industry.
Hungary's Trade Surplus Shrinks In October
Fri, 08 Dec 2017 09:52:26 GMT
Hungary's foreign trade surplus decreased notably in October from a year ago, as imports grew faster than exports, preliminary figures from the Hungarian Central Statistical Office showed Friday.
Economic Data Scheduled For Friday
Fri, 08 Dec 2017 09:49:12 GMT
  • Data on nonfarm payrolls and unemployment rate for November will be released at 8:30 a.m. ET.
  • The University of Michigan's consumer sentiment index ...

Full story available on Benzinga.com

Hungary Inflation Accelerates Less Than Forecast
Fri, 08 Dec 2017 09:23:38 GMT
Hungary's consumer price inflation accelerated at a slower-than-expected pace in November, figures from the Hungarian Central Statistical Office showed Friday.
Brexit a difficult issue to trade on, economist says
Fri, 08 Dec 2017 09:22:00 GMT
Larry Hatheway, chief economist and head of investment solutions at GAM, discusses currency trading and Brexit.
Fitch: UK growth prospects for 2019 extremely uncertain
Fri, 08 Dec 2017 09:22:00 GMT
Brian Coulton, chief economist at Fitch Ratings, gives his view on U.K. economic trends to look out for as Brexit talks reach a new phase.
Sterling to be ‘one of the best performing currencies next year’: Pro
Fri, 08 Dec 2017 09:14:00 GMT
There are still upside opportunities for sterling despite a slight dip in the price Friday, Thanos Vamvakidis, global head of G10 FX strategy at Bank of America Merrill Lynch, said.
We need to be accountable at every stage of the negotiations: EU's Barnier
Fri, 08 Dec 2017 09:03:00 GMT
Michel Barnier, the European Union's chief Brexit negotiator, holds a press conference following the breakthrough in divorce talks.
Irish Prime Minnister Leo Varadkar on Brexit talks breakthrough
Fri, 08 Dec 2017 08:34:00 GMT
Varadkar speaks to reporters about the status of Ireland given the progress made in Brexit negotiations.
France Industrial Production Climbs Unexpectedly In October
Fri, 08 Dec 2017 08:18:55 GMT
France's industrial production grew for the second straight month in October, defying economists' forecast for a slight decline, data from the statistical office Insee showed Friday.
There will not be a hard Brexit, says one financial expert
Fri, 08 Dec 2017 08:14:00 GMT
Vontobel CIO Lars Kalbreier says that Brexit talks are about to become more difficult.
Sterling seesaws after Brexit breakthrough
Fri, 08 Dec 2017 08:08:00 GMT
Jane Foley, head of FX strategy at Rabobank, discusses sterling's moves given the latest Brexit news, adding that "there's still a lot of work to be done."
European shares open higher as Brexit talks pass crucial stage
Fri, 08 Dec 2017 08:08:00 GMT
European markets opened higher Friday morning as investors reacted to the latest news surrounding Brexit negotiations.
Today's agreement is UK PM May's personal success: Donald Tusk
Fri, 08 Dec 2017 08:00:00 GMT
"Breaking up is hard," says Donald Tusk, president of the European Council, of Brexit negotiations.
Finland Trade Deficit Narrows In October
Fri, 08 Dec 2017 07:56:12 GMT
Finland's foreign trade deficit decreased notably in October from a year ago, as exports grew faster than imports, preliminary figures from Finland Customs Office showed Friday.
Newcomers in bitcoin space causing rally: Pro
Fri, 08 Dec 2017 07:52:00 GMT
MineSpider founder Nathan Williams speaks about the rise of bitcoin.
Brexit progress reveals a 'new European path ahead': ABN AMRO
Fri, 08 Dec 2017 07:41:00 GMT
Didier Duret, chief investment officer at ABN AMRO, says that Europe is not a "fortress" but is instead "pragmatic" over the issue of Brexit.
Market needs details on Brexit developments, says strategist
Fri, 08 Dec 2017 07:37:00 GMT
Francesco Curto, head of the CROCI investment strategy and valuation at Deutsche Asset, reacts to the latest Brexit news.
Finland Industrial Production Growth Eases Further
Fri, 08 Dec 2017 07:33:30 GMT
Finland's industrial production growth moderated for the second straight month in October, figures from Statistics Finland showed Friday.
UK Permanent Job Placement Growth At 3-Month High
Fri, 08 Dec 2017 07:21:13 GMT
Permanent job placements in the U.K grew at the fastest pace in three months in November, the Report on Jobs compiled by the Recruitment and Employment Confederation and IHS Markit showed Friday.
'Made in China' brand image will take some time to change, Ogilvy says
Fri, 08 Dec 2017 07:02:00 GMT
Things could be looking up for Chinese brands' attempts at becoming global household names.
Agreed settlement with EU that is fair to British taxpayers: UK PM May
Fri, 08 Dec 2017 06:49:00 GMT
U.K. Prime Minister Theresa May says that a "significant improvement" has been made in Brexit talks, and that there will be no hard border with Ireland.
Decision on sufficient progress in hands of EU 27: Juncker
Fri, 08 Dec 2017 06:45:00 GMT
Jean-Claude Juncker, president of the European Commission, discusses the latest developments in Brexit negotiations.
Agricultural Biotechnology Market to Attain a Value of $55.5 billion by 2023: P&S Market Research
Fri, 08 Dec 2017 06:30:00 GMT

NEW YORK, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Agricultural biotechnology market is forecasted to attain a value of $55.5 billion by 2023, growing at a CAGR of 10.1% during 2017-2023. The key factors leading to the increasing demand of agricultural biotechnology products include; the growing population size, rising per capita income, growing demand for biofuel, thriving demand for transgenic crops and regulatory support in the U.S. and Brazil.

Based on technology, the agricultural biotechnology market has been bifurcated into genome editing tools, deoxy ribonucleic acid (DNA) sequencing, ribonucleic acid interference (RNAi), synthetic biology, and biochips. Genome editing tools occupied the largest share in the global market in 2016, mainly attributable to the to increasing genome research and rising application of genomic tools in agricultural research. The vendors in this market broadly offer two types of agricultural biotechnology based products classified as, transgenic seeds and crop protection products. 

Access Report Summary with Detailed TOC on "Agricultural Biotechnology Market" at: https://www.psmarketresearch.com/market-analysis/agricultural-biotechnology-market

Transgenic seeds are further categorized as soybean, maize, cotton, fruits and vegetables and others. The market for transgenic soybean seeds occupied the largest share, standing at 40.1% in 2016. This leading position of the category ...

Full story available on Benzinga.com

China's Export Growth Tops Expectations
Fri, 08 Dec 2017 06:18:05 GMT
China's exports expanded much faster than expected in November but the annual increase in imports outpaced export growth, data from the General Administration of Customs showed Friday. In dollar terms, exports advanced 12.3 percent year-over-year in November, well above the 5.9 percent rise economists had forecast.
Global Seismic Survey Market Will Reach USD 9.23 Billion by 2022: Zion Market Research
Fri, 08 Dec 2017 06:11:59 GMT

Sarasota, FL, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Seismic Survey Market by Service (Data Acquisition, Data Processing, and Interpretation), Technology (2D Imaging, 3D Imaging, and 4D Imaging) and Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, the global seismic survey market accounted for USD 7.21 billion in 2016 and is expected to reach USD 9.23 billion by 2022, growing at a CAGR of around 4.2% between 2017 and 2022. 

The global seismic survey market is expected to witness substantial growth within the aforementioned forecast period on account of increasing exploration activities across the globe to locate new oil and gas reserves. 

Browse through 61 Tables & 45 Figures spread over 130 Pages and in-depth TOC on "Global Seismic Survey Market: By Type, Technology, Share, Trends, Regions and Forecast 2016 – 2022".

Request Free Sample copy of Global Seismic Survey Market Report @ https://www.zionmarketresearch.com/sample/seismic-survey-market

A seismic survey is a form of a geophysical survey that aims at measuring the earth's properties by means of physical principles such as magnetic, electric, gravitational, thermal and elastic theories. The growing demand for seismic technology in oil & gas exploration is expected to be the major driver for global seismic survey market. Depleting reserves and growing demand for oil & gas to meet the demands of the rising population has been boosting the exploration activities across the globe.

The global seismic survey market is expected to witness substantial growth within the aforementioned forecast period on account of the increasing exploration activities across the globe to locate new oil and gas reserves.

Browse the full "Seismic Survey Market by Service (Data Acquisition, Data Processing, and Interpretation), Technology (2D Imaging, 3D Imaging, and 4D Imaging) and Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at 

Full story available on Benzinga.com

Dutch Industrial Production Growth Eases In October
Fri, 08 Dec 2017 05:58:47 GMT
Dutch industrial production growth eased in October after accelerating in the previous two months, figures from the Central Bureau of Statistics showed Friday.
Japan Eco Watchers' Index At 46-Month High
Fri, 08 Dec 2017 05:39:37 GMT
A measure of peoples' assessment of the Japanese economy increased unexpectedly in November to the strongest level in nearly four years, survey figures from the Cabinet Office showed Friday.
European Economics Preview: UK Industrial Output Data Due
Fri, 08 Dec 2017 05:28:51 GMT
Industrial production and foreign trade reports from the UK are due on Friday, headlining a busy day for the European economic news.
Walmart makes last-minute holiday push for procrastinators
Fri, 08 Dec 2017 05:01:00 GMT
In the final weeks of the holiday shopping season, Walmart is making its biggest push yet of the company's order online, pick up in store service.
Hotels around the world are feeling China's curbs on money leaving the country
Fri, 08 Dec 2017 04:16:00 GMT
Capital controls in China have slowed corporates' global shopping spree.
United Continental announces $3 billion buyback
Thu, 07 Dec 2017 23:27:00 GMT
The company said in a statement that this amount represents approximately 17 percent of its market value as of its Wednesday closing price.
Why California's big fire losses this year won't mean massive insurance rate hikes in 2018
Thu, 07 Dec 2017 23:10:00 GMT
Despite a disastrous year for fires in California, insurers may not find it easy to pass through big rate hikes next year.
Emails show follow-up to June 2016 Trump Tower meeting: Reports
Thu, 07 Dec 2017 22:53:00 GMT
Emails sent by Rob Goldstone raise questions about topics discussed at a June meeting in Trump Tower, CNN reported.
Yes, she's judging you: Luvvie Ajayi on writing a bestselling life
Thu, 07 Dec 2017 21:39:59 GMT
NEW YORK (Reuters) - Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are creating something...
Morgan Stanley fires former congressman Harold Ford Jr.
Thu, 07 Dec 2017 21:03:00 GMT
Morgan Stanley has fired Democratic former congressman Harold Ford Jr., CNBC confirmed on Thursday.
Retail fraud is on the rise as companies grapple for solutions
Thu, 07 Dec 2017 19:09:00 GMT
The level of fraud as a percentage of retailers' revenues has climbed to 1.58 percent, according to a study.
New York pension fund seeks more pay disclosure from Wells Fargo
Thu, 07 Dec 2017 17:47:42 GMT
(Reuters) - New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has...
Retail disruption is nothing compared to gnarly first jobs
Thu, 07 Dec 2017 16:34:26 GMT
NEW YORK (Reuters) - If any industry is in the throes of total disruption right now, it is retail.
Lululemon CEO sees huge potential in men's apparel, says 'almost halfway' to lofty sales goals
Thu, 07 Dec 2017 15:42:00 GMT
Lululemon's first-ever men's campaign fueled a 21 percent increase in new male guests ringing up purchases.
Sears shares jump as investor calls out 'alarming' short selling volume, urges retailer to consider going private
Thu, 07 Dec 2017 14:03:00 GMT
An investor in Sears Holdings is urging the embattled department store chain to consider going private.
Choppy Trading Likely To Persist On Wall Street
Thu, 07 Dec 2017 13:59:30 GMT
The major U.S. index futures are pointing to a mixed opening on Thursday, with stocks poised to extend the lackluster performance seen in the previous session.
Gross warns Fed should be 'more cautious' amid investor bond binge
Thu, 07 Dec 2017 13:20:43 GMT
NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...
Ron Paul asked his followers to rate bitcoin versus gold, dollars and Treasurys — they chose bitcoin
Thu, 07 Dec 2017 13:17:00 GMT
Former Republican congressman Ron Paul has taken to Twitter to see where his followers would invest a $10,000 gift — but there's a catch.
At 6.4% CAGR, Global Car Accessories Market Estimated to Reach USD 522.01 Bn by 2022: Zion Market Research
Thu, 07 Dec 2017 13:06:58 GMT

Sarasota, FL, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Car Accessories Market by Products (Working lights, Torches, Appearance accessories, Warning lights, Driving lights, Interior lights, E-sets, Interior accessories, Lifestyle gadget, Instruments and gauges, Safety,  Light module tuning, Performance/stylish/luminaire tuning, Vision products, Appearance chemicals, Gas & oil additives, Solar powered HVAC systems, Retrofit air conditioner sets, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022". According to the report, the global car accessories market was valued at USD 360.80 billion in 2016 and is expected to reach approximately USD 519.01 billion by 2022, growing at a CAGR of around 6.4% between 2017 and 2022. 

Accessories are selected by a car owner to enhance safety, performance, or comfort. An accessory may be added at the factory by the original equipment manufacturer or purchased and installed by the owner post-sale as aftermarket goods. Car accessories are used to enhance interior aesthetics of the vehicle and give an overall entertaining and comfortable riding experience. Car accessories are integral when upgrading and enhancing car's look. These are supplementary parts that improve a car's ability and play a vital role in car maintenance process. There are various interior and exterior accessories used for car manufacturing.

Browse through 9 Tables & 27 Figures spread over 110 Pages and in-depth TOC on "Global Car Accessories Market: Industry Type, Size, Share, Trends and Forecast 2016 – 2022".

Request Free Sample copy of Global Car Accessories Market Size & Share Analysis Report @ https://www.zionmarketresearch.com/sample/car-accessories-market

Car accessories market is expected to have immense growth in the coming future. The market is anticipated to be driven by increasing demand for cars across the globe. Increasing consumer inclination towards an entertaining driving experience and growing vehicle customization among a young population are projected to boost the demand for car ...

Full story available on Benzinga.com

Janus Henderson Investors "Market GPS 2018" Sees Global Economic Barometer Set Fair
Thu, 07 Dec 2017 13:05:00 GMT

DENVER and LONDON, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Janus Henderson Investors (NYSE:JHG) (ASX:JHG) today released the Janus Henderson Market GPS™ 2018 report, in which portfolio managers Ashwin Alankar, Alex Crooke, Bill Gross, George Maris and Darrell Watters, among others, provide insights into what they see as key investment themes that are likely to impact global capital markets over the coming year.

The 3rd edition of Market GPS aims to highlight likely headwinds and tailwinds that sectors, regions and asset classes might face in the months ahead, to help advisors and investors stay informed of major themes potentially impacting markets.

Topics discussed this year include:

  • The potential for continued expansion in equity markets
  • The path to normalization in central bank policies
  • The likelihood of an end to record-low volatility
  • Innovation and disruption across sectors caused by advances in technology
  • Opportunities in emerging markets

The report is available on the Janus Henderson website: campaigns.janushenderson.com/marketgps

Market Outlook: Eight Years and Counting
While stocks have roughly tripled over the past eight years, proprietary signals from Janus Henderson's Adaptive Multi-Asset team's options-based tail risk model suggest that a correction in global equities is not imminent. Options prices signal limited upside for stocks and don't forecast a looming downturn. Equities appear fairly priced and could be propelled higher by factors including U.S. tax reform, continued quantitative easing in Europe and Japan, and an upward trajectory in global growth.

"The options market does not believe that the equity market has to self-correct just because we're a decade into the expansion, while the average business cycle lasts six years. We're in the camp that this expansion can continue," said Ashwin Alankar, Ph.D., Head of Global Asset Allocation & Risk Management.

Central Banks: The End of an Era
With the global economy on solid footing, monetary policy normalization is under way and divergent tightening strategies by the U.S. Federal Reserve and the European Central Bank augur well for an orderly and gradual tightening of credit conditions and reduction in global liquidity. The measured, sequential approach could help keep a lid on bond yields, says Bill Gross, ...

Full story available on Benzinga.com

Column: U.S. Republicans sharpen knives for retirement program cuts
Thu, 07 Dec 2017 12:24:22 GMT
CHICAGO (Reuters) - Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time.
Gift card crime fueling opioid addiction across the US
Thu, 07 Dec 2017 12:00:00 GMT
A retail crime has become well known for feeding drug addictions. It hinges on gift cards.
General Electric to cut 12,000 jobs in power business revamp
Thu, 07 Dec 2017 11:36:00 GMT
GE announced it was axing 12,000 jobs at its global power business.
GVC ups stakes in UK gambling with $5.2 billion Ladbrokes bid
Thu, 07 Dec 2017 11:24:00 GMT
The combined company would compete with William Hill and Paddy Power Betfair.
Economic Data Scheduled For Thursday
Thu, 07 Dec 2017 09:55:43 GMT
  • The Challenger job-cut report for November is schedule for release at 7:30 a.m. ET.
  • Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET.
  • New York Federal ...

Full story available on Benzinga.com

Gaming platform Steam ditches bitcoin support, citing 'high fees and volatility'
Thu, 07 Dec 2017 09:34:00 GMT
Gamers can no longer pay with bitcoin on the gaming platform Steam.
'Catch Me If You Can' former fraudster warns against passwords
Thu, 07 Dec 2017 09:01:00 GMT
Passwords are extremely exposed to cyber criminals, Frank Abagnale, security consultant and subject of the film "Catch Me If You Can," said.
Yahoo co-founder: Believer of the role bitcoin can play in society
Thu, 07 Dec 2017 08:42:00 GMT
Bitcoin will likely become a global force for good once it’s treated as a transaction currency, Jerry Yang, founding partner at AME Cloud Ventures, said.
Yahoo co-founder: Chinese tech push is very interesting to watch
Thu, 07 Dec 2017 08:42:00 GMT
Jerry Yang, also founding partner at AME Cloud Ventures, discusses China's tech scene.
Yahoo co-founder: Chinese consumer appetite is still a guessing game
Thu, 07 Dec 2017 08:36:00 GMT
New consumer behaviors are still developing in China, Jerry Yang, also founding partner at AME Cloud Ventures, said.
'You miss the picture' in China if you don't look at the high-end consumer, Anheuser-Busch says
Thu, 07 Dec 2017 08:31:00 GMT
The world's largest brewer is not worried about analysts' calls for a potential slowdown in the Chinese economy.
European shares open mixed as investors await news on US tax reforms
Thu, 07 Dec 2017 08:16:00 GMT
European markets opened mixed on Thursday morning, as investors monitored the prospect of a backlash from President Donald Trump's recognition of Jerusalem as Israel's capital.
Moody's: Companies with narrow UK focus may miss EU recovery
Thu, 07 Dec 2017 08:16:00 GMT
William Coley, group credit officer, corporate finance at Moody's, discusses the European economy and monetary policy.
More than $60 million worth of bitcoin potentially stolen after hack on cryptocurrency site
Thu, 07 Dec 2017 08:08:00 GMT
Users highlighted the cyber breach on Reddit and Twitter Wednesday, with some saying they could lose hundreds of dollars worth of bitcoin.
China's goal to become an innovation hub is good news for Germany's Merck
Thu, 07 Dec 2017 07:13:00 GMT
German company Merck's life science and performance materials units help Chinese companies become more competitive.
Anheuser-Busch makes a big bet on China — to the tune of 1.5 million tons of beer
Thu, 07 Dec 2017 06:58:00 GMT
The newest brewery is a sign of the significance of the Chinese market to the world's largest brewer.
Trump just complicated Saudi-US relations: Expert
Thu, 07 Dec 2017 06:37:00 GMT
Saudi Arabia will likely distance itself from the U.S. “in rhetoric,” Zeynep Kosereisoglu, practice leader for Turkey, Middle East and North Africa at Frontier Strategy Group, said.
German minister: We will find solution for a coalition
Thu, 07 Dec 2017 06:37:00 GMT
Jens Spahn, deputy finance minister for Germany, discusses Chancellor Angela Merkel’s bid to put a government together.
Migration and investment biggest issues in Germany, analyst says
Thu, 07 Dec 2017 06:37:00 GMT
Another German election could happen in February if a coalition solution isn’t found, Leopold Traugott, policy analyst at Open Europe, said.
Why major geopolitics events aren't moving markets significantly
Thu, 07 Dec 2017 06:37:00 GMT
Major conflicts like Syria don't move markets because they don't affect investors' portfolios, David Stubbs, head of client investment strategy EMEA at JPMorgan, explains.
AB InBev CEO: Younger consumers want experiences, not products
Thu, 07 Dec 2017 06:37:00 GMT
CNBC's Geoff Cutmore and Akiko Fujita sat down with Carlos Brito to discuss consumer trends in the Chinese market.
China's debt issue is overblown, academic says
Thu, 07 Dec 2017 06:37:00 GMT
But bad debt in China's smaller lenders need to be addressed, David Li Daokui, professor at Tsinghua University's School of Economics and Management, said.
There won’t be a US-China trade war, academic says
Thu, 07 Dec 2017 06:37:00 GMT
China is relaxed about protectionism in the U.S., David Li Daokui, professor at Tsinghua University's School of Economics and Management, said.
AB InBev investing in high-end Chinese market, CEO says
Thu, 07 Dec 2017 06:36:00 GMT
Carlos Brito spoke with CNBC about the brewer’s investment in China.
Wearable Sensor Market Will Grow USD 1,387.04 Million by 2022, Globally: Zion Market Research
Thu, 07 Dec 2017 06:28:00 GMT

Sarasota, FL, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Wearable Sensor Market by Product Type (Accelerometers, Magnetometers, Inertial Sensors, Motion Sensors, Pressure Sensors, Temperature Sensors, Medical-Based Sensors, Image Sensors, Touch Sensors and Others) for Wrist Wear, Eye Wear, Neck Wear, Foot Wear, Body Wear and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022". According to the report, the global wearable sensors market share accounted for around USD 237.93 Million in 2016 and is expected to reach approximately USD 1,387.04 Million by 2022, growing at a CAGR of around 34.2% between 2017 and 2022.

Wearable sensors are vital components of wearable technology that are embedded in smart wearable devices to monitor numerous parameters such as blood pressure, speed, temperature, and muscle activity. Wearable sensors make sure that the data is monitored and stored for the better understanding of physical health and fitness. Recently, these sensors became increasingly accepted attributed to the growing demand for smart wearable technology based devices across the globe. They are used in different applications areas such as access control, fitness wearable and medical based wearable among others.

Browse through 13 Tables & 30 Figures spread over 110 Pages and in-depth TOC on "Global Wearable Sensor Market: By Product Type, Application, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Global Wearable Sensor Market Size & Share Analysis Report @ https://www.zionmarketresearch.com/sample/wearable-sensor-market

The growth of global wearable sensor market is mainly driven by advancements in microelectronics, sensor manufacturing, and telecommunication. Increased penetration of wireless connectivity, growing interest of tier 1 players in the wearable ecosystem ...

Full story available on Benzinga.com

Fighting off the 'tech monsters': Time exec says merger boosts his company's chances
Thu, 07 Dec 2017 05:02:00 GMT
A Time Inc. executive said the Meredith acquisition boosts the firm's digital business.
NEW REPORT: Legal Marijuana Sales to Grow 33% to $10 Billion in 2017
Wed, 06 Dec 2017 17:26:28 GMT

Oakland, CA, Dec. 06, 2017 (GLOBE NEWSWIRE) -- NEW REPORT: Legal Marijuana Sales to Grow 33% to $10 Billion in 2017

0_int_arcview-logo-horizontal-fullcolor.jpg



Exceeds Arcview's previous growth estimate

 

Consumer spending on legal cannabis in North America is outpacing previous estimates, according to a new report out today from Arcview Market Research. According to the just released Mid-Year Update to The State of Legal Marijuana Markets 5th Edition, retail cannabis sales will grow 33% from 2016 to nearly $10 billion this year. By 2021 Arcview projects the legal market to reach $24.5 billion, a 28% compound annual growth rate (CAGR). The full original 200+ page report, as well as this 100+ page supplement to the original report, published by Arcview Market Research in partnership with BDS Analytics, is available for $597.

The report notes that despite continued federal prohibition, North American consumers continue to rapidly transition their cannabis consumption out of the illicit market and into state-sanctioned retail stores.

Among other findings, the Mid-Year Update revealed:

  • California's medical market is already as big as the total markets in Colorado, Washington, and Oregon combined, according to BDS Analytics' GreenEdge point-of-sale tracking service, which added California to its databanks over the summer. ...

Full story available on Benzinga.com

Cold Front Blows In: Overseas Weakness Might Hit US As Gold, Bonds See Rise
Wed, 06 Dec 2017 15:35:53 GMT

Pressure from falling overseas markets and a lack of new positive catalysts could weigh on U.S. stocks Wednesday. Defensive investments like gold, the Japanese yen, and bonds all firmed in the early hours.

Though overseas markets generally fell across the board, Japan’s Nikkei deserves special notice because it dropped nearly 2%. Analysts in Asia noted a decline in risk appetite. Some of this could stem from uncertainties surrounding the U.S. budget process, where a government shutdown could take place if Congress doesn’t act by Friday. A stall in Brexit talks between the British government and the European Union earlier this week could be another factor spooking some investors.

U.S. stock futures fell in pre-market trading, and crude oil slipped under $57 a barrel for the first time in two weeks. The S&P 500 (SPX) is down three days in a row for the first time in four months. Last Thursday was the most recent day of gains for the SPX. Meanwhile, gold ticked up from recent four-week lows, and 10-year U.S. Treasury bond yields fell to 2.33% as investors snatched up bonds. This type of trading could signal a bit of risk intolerance.

There’s not much in the way of economic data or corporate news that might help move the market today. Productivity and unit labor costs are about it on the data side, along with a private report on the U.S. jobs picture that came in basically as analysts had expected and the weekly crude oil stockpile numbers. Many investors are in a waiting mode with November payrolls coming up Friday.

It was interesting to see the government continue to peg Q3 productivity growth at a 3% annual rate even as it slashed annualized unit labor costs to negative 0.2%, down from its previous estimate of 0.5% growth. This could contribute to the growing sense that employee pay continues to languish, one possible reason for the weak inflation we’ve seen despite recent economic gains.

Tech shares made a slight comeback Tuesday after getting pummeled the previous session, but everything else turned lower. Info tech was the only sector to rise at all, with all 10 others falling amid a lack of news. With stocks still near all-time highs and valuations running above the historical average, it might take some fresh positive catalysts to get the market climbing again.

Crude oil is at two-week lows ahead of today’s supply report. Last week’s report delivered a mixed picture, with a big drop in crude inventories balanced by a large rise in gasoline inventories. Production continues to post new all-time weekly highs, and that’s helped keep pressure ...

Full story available on Benzinga.com

Medicine Man Technologies California Cultivation Clients Now Comprise Over 700,000 Gross Square Feet of Project Space
Wed, 06 Dec 2017 14:45:00 GMT

Denver, CO, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Medicine Man Technologies Inc. (OTCQB:MDCL), one of the United States' leading cannabis branding and consulting companies is pleased to provide the following California marketplace client update.

With the recent addition of two (2) new clients, Medicine Man Technologies now has cultivation projects representing just over 700,000 gross square feet of California based project space.  These projects represent many clients, some of which are considering stacking of the 10,000-square foot license type (small indoor) as currently expected to be allowable under the initial draft regulations recently released.

With the State of California's recent issuance of draft emergency regulations, many in the industry are reworking their indoor and greenhouse operation canopy estimates based upon new guidance that seems to suggest allowance of either room or growing bench/rack delineation for that calculation of canopy space regardless of license type.  If the interpretation holds, this will mean a substantial increase in what a licensee may be able to cultivate in terms of plant material in their facility as in the past this calculation was set along the lines of a ‘walls in' framework that also included isle and access square footage. 

With the completion of the recent feedback period, final state approved emergency regulations related to cultivation activities are expected shortly and will ultimately define what California will and will not allow.

Brett Roper, Medicine Man Technologies CEO noted, "Just this week we will have had several visits by California based prospective clients that are keenly interested in our services based upon our strong reputation of providing very efficient ...

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Huawei Releases Position Paper on 5G Spectrum, Appealing for Global Harmonisation
Wed, 06 Dec 2017 14:00:11 GMT

LONDON, U.K.   , Dec. 06, 2017 (GLOBE NEWSWIRE) -- At the 8th Global Mobile Broadband (MBB) Forum held on Nov 15th in London, Huawei released a Position Paper on 5G Spectrum, which presents Huawei's insights and recommendations on 5G spectrum policy. This paper aims to call upon the industry's organizations and regulators to facilitate spectrum harmonisation and ensure timely availability for early deployment and large-scale commercial use of 5G.

5G is the next generation of MBB technology, capable of ultra-fast speeds, low latency, and excellent reliability. The 5G New Radio (5G-NR) interface can provide superior MBB services for end users anytime and anywhere, while releasing the Internet of Things (IoT). This will enable a diverse range of innovative use cases, such as smart manufacturing, connected cars, smart logistics, and wireless home broadband. 5G is poised to create a super connected world.

5G assumes the responsibility of promoting digital transformation throughout society and requires a wide range of spectrum resources. Huawei proposed a multi-layer spectrum approach in consideration of divergent requirements of 5G services and different characteristics of related frequency bands. The "Coverage and Capacity Layer" relies on the 2 to 6 GHz range (e.g. the C-band, 3.3-4.2 and 4.4-5.0 GHz) to deliver the best compromise between capacity and coverage. This layer will emerge as the world's first band for the much anticipated commercial deployment of 5G. The "Coverage Layer" exploits the spectrum below 2 GHz (e.g. 700 MHz) providing wide-area and deep indoor coverage. The "Super Data Layer" relies on the spectrum above 6 GHz (e.g. 24.25-29.5 and 37-43.5 GHz) ...

Full story available on Benzinga.com

Waning Risk Appetite May Weigh On Wall Street
Wed, 06 Dec 2017 13:50:55 GMT
The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks poised to see further downside following the weakness seen in the previous session.
At 6% CAGR, Global Beer Industry Size Will Reach USD 750.00 Bn by 2022: Zion Market Research
Wed, 06 Dec 2017 13:11:33 GMT

Sarasota, FL, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Beer Market by Product (Light Beer and Strong Beer), by Production (Micro Breweries and Macro Breweries), by Category (Premium, Super Premium and Normal) and by Packaging (Canned, Bottled and Draught): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022". According to the report, the global beer industry share was valued at approximately USD 530.00 billion in 2016 and expected to reach approximately USD 750.00 billion by 2022, growing at a CAGR of around 6.00% between 2017 and 2022.

Beer is an alcoholic beverage usually made from malted cereal grain such as barley and is flavored by adding hops. Fermentable carbohydrates, such as wheat, rice, and maize, are added to produce different styles as well as flavors. Beer is one the oldest brewed and consumed beverages in the world with ever-increasing demand from across the globe. Beer is most common alcoholic beverage preferred among both the genders. As a result of changing lifestyle, beer is globally seen as an alcoholic luxury beverage.

Browse through 104 Tables & 25 Figures spread over 110 Pages and in-depth TOC on "Global Beer Market: By Product, Brands, Category, Type, Size, Share, Analysis, Segment and Forecast 2016 – 2022".

Request Sample copy of Global Beer Industry Size & Share Analysis Report @ https://www.zionmarketresearch.com/sample/beer-market

(Purchase Single User License at USD 4199)

The global beer industry size is expected to witness substantial growth within the forecast period. The market is mainly driven by changing lifestyle coupled with increasing disposable income across the globe. Moreover, an increase in a number of local breweries is expected to propel the market growth in the near future. However, heavy taxation and increase in legal regulations coupled along with health issues may hinder the market growth over the forecast period. Nonetheless, high demand for beer among emerging economies especially in Asia Pacific region is ...

Full story available on Benzinga.com

Sales in Europe and China Propel Wireless LAN Market During 3Q17, According to Dell'Oro Group
Wed, 06 Dec 2017 13:00:00 GMT

REDWOOD CITY, Calif., Dec. 06, 2017 (GLOBE NEWSWIRE) -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, sales in Europe and China propelled the Wireless LAN market during 3Q17 with Cisco and Ubiquiti gaining share in Europe, while H3C gained share in China.

"The Wireless LAN market came in stronger than we predicted in Europe, largely from the Education vertical refreshing and expanding the network," said Trent Dell'Oro, Business Analyst at Dell'Oro Group. "Europe is certainly a growth engine of the Wireless LAN market, and the competitive landscape is heating up as the Chinese vendors turn their attention to that region. ...

Full story available on Benzinga.com

What Will Janet Yellen's Legacy Be£ Economists Weigh In
Wed, 06 Dec 2017 12:58:52 GMT

Janet Yellen, the pro tem chair of the U.S. Federal Reserve, is entering the final stretch of her time at the helm of the world’s most powerful and influential central bank. Yellen submitted her resignation Nov. 11, effective once her successor is sworn in next year.

A Historic Stint

Yellen, the first woman to hold the Fed chair post, has had a memorable tenure.

It’s instructive to remember that Yellen assumed the post in 2014, confidence in the dollar had dissipated, the U.S. economic growth rate was sputtering and many questioned whether the Fed was capable of keeping the next financial crisis at bay, or if the central bank itself might be the cause of the next crash.

Sometimes criticized as an interventionist who overemphasized the Fed’s role in stimulating the economy, Yellen has nonetheless overseen a period characterized by tranquil equities markets, decreasing unemployment and muted inflation. Under her watch, U.S. companies have seen their cash hoards and profits grow quicker than their indebtedness, bolstering the average earnings per share along the way. Bloomberg recently attributed the strength of the markets in 2017 to a “Yellen Rally," rather than the so-called “Trump Bump.”

Complimentary Consensus

What Yellen may have lacked in innovation — her playbook largely an extension of the accommodative policy of her predecessor, Ben Bernanke —she made up for with a reputation for hard work and the ability to deftly manage the sometimes stark ideological divides between her fellow Fed members.

“She can be tough,” Karen Dynan, a former chief economist with the Treasury Department, told The Washington Post of Yellen, “but she is also warm and compassionate and a good listener.”

Related Link: Janet Yellen Resigns From Federal ...

Full story available on Benzinga.com

What Will Janet Yellen's Legacy Be£ Economists Weigh In
Wed, 06 Dec 2017 12:58:52 GMT

Janet Yellen, the pro tem chair of the U.S. Federal Reserve, is entering the final stretch of her time at the helm of the world’s most powerful and influential central bank. Yellen submitted her resignation Nov. 11, effective once her successor is sworn in next year.

A Historic Stint

Yellen, the first woman to hold the Fed chair post, has had a memorable tenure.

It’s instructive to remember that Yellen assumed the post in 2014, confidence in the dollar had dissipated, the U.S. economic growth rate was sputtering and many questioned whether the Fed was capable of keeping the next financial crisis at bay, or if the central bank itself might be the cause of the next crash.

Sometimes criticized as an interventionist who overemphasized the Fed’s role in stimulating the economy, Yellen has nonetheless overseen a period characterized by tranquil equities markets, decreasing unemployment and muted inflation. Under her watch, U.S. companies have seen their cash hoards and profits grow quicker than their indebtedness, bolstering the average earnings per share along the way. Bloomberg recently attributed the strength of the markets in 2017 to a “Yellen Rally," rather than the so-called “Trump Bump.”

Complimentary Consensus

What Yellen may have lacked in innovation — her playbook largely an extension of the accommodative policy of her predecessor, Ben Bernanke —she made up for with a reputation for hard work and the ability to deftly manage the sometimes stark ideological divides between her fellow Fed members.

“She can be tough,” Karen Dynan, a former chief economist with the Treasury Department, told The Washington Post of Yellen, “but she is also warm and compassionate and a good listener.”

Related Link: Janet Yellen Resigns From Federal ...

Full story available on Benzinga.com

Augmented Reality (AR) Market Size Predicted to Reach USD 133.78 Bn by 2021: Zion Market Research
Wed, 06 Dec 2017 11:35:32 GMT

Sarasota, FL, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Augmented Reality (AR) Market (Sensor, Display and Software) for Aerospace& Defense, Industrial, consumer, Commercial, E-Commerce, Retail and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021". According to the report, global augmented reality market share was valued at around USD 3.33 Billion in 2015 and is expected to reach approximately USD 133.78 Billion in 2021, growing at a CAGR of slightly above 85.2% between 2016 and 2021.

Augmented reality (AR) technology is one of the emerging technologies in the field of displays that would make a mark in the near future. Augmented reality technology is used in various fields such as aerospace & defense, commercial, retails and e-commerce. The gaming sector would be more engaging & interactive with the help of augmented reality technology.

Browse through 18 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "Global Augmented Reality Market Size & Share Analysis Research Report, 2015-2021".

Request Sample copy of Global Offshore Augmented Reality (AR) Market Size & Share Analysis Report @ https://www.zionmarketresearch.com/sample/augmented-reality-market

(Purchase Single User License at USD 4199)

Emerging trends such as escalating convergence between wearable devices, AR, and GPS are anticipated to drive demand of augmented reality market. High penetration of smartphones and tablet is the major factor in promoting this market adoption. User Interface (UI) limitations may curtail the growth of this market. It also shows technical inefficiency in determining various physical obstructions due to lack of information in view management.

Augmented reality (AR) market is segmented on the basis of the component, ...

Full story available on Benzinga.com

A lot of VC investment coming into Ireland: Digital Hub CEO
Wed, 06 Dec 2017 11:31:00 GMT
The Irish government needs to continue supporting Ireland's tech scene, Fiach Mac Conghail said.
Futures Pointing To Initial Strength On Wall Street
Tue, 05 Dec 2017 13:52:41 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the mixed performance seen in the previous session.
Cramer: GOP tax cuts good for the stock market — working Americans not so much
Mon, 04 Dec 2017 15:23:00 GMT
"I said on Friday that it may not be good for the workers, but boy is it good for the stock market," Jim Cramer says.
McKinsey & Co. senior exec Thomas Barkin named new head of the Federal Reserve Bank of Richmond
Mon, 04 Dec 2017 15:19:00 GMT
The Federal Reserve Bank of Richmond on Monday named former McKinsey & Co. executive Thomas Barkin as its next president and CEO.
GOP billionaire Ken Langone: US needs to cut debt even if it causes a recession and a stock plunge
Mon, 04 Dec 2017 14:27:00 GMT
The only way to really get America's financial house in order is to cut debt, the Home Depot co-founder says.
GOP Senator says it’s hard to fund $14 billion children’s health program—then advocates for $1 trillion tax cut
Mon, 04 Dec 2017 14:04:00 GMT
That puts health care for millions of American children at risk.
Fed rate hike is expected next week and three more increases are expected in 2018
Mon, 04 Dec 2017 13:47:00 GMT
The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists.
Senate Passage Of Tax Reform Bill May Lead To Jump On Wall Street
Mon, 04 Dec 2017 13:35:02 GMT
The major U.S. index futures are pointing to a higher opening on Monday after Senate Republicans narrowly approved a massive tax reform bill early Saturday morning.
Fed's goals include 'economic opportunity' for all: Harker
Fri, 01 Dec 2017 15:34:00 GMT
The Federal Reserve's goals include promoting inclusive "economic opportunity" for Americans of all income levels.
Volatile Night As Tax Reform Efforts Hit Snag, Taking Edge Off Yesterday's Rally
Fri, 01 Dec 2017 15:26:31 GMT

The stall last night in Republican tax reform efforts scared the market a bit and appeared to take the edge off many of the positive feelings generated Thursday. Stocks fell sharply in pre-market futures trading, though they clawed back a significant portion of that by morning and even turned positive at one point amid renewed hopes for a tax deal.

There’s plenty going on beyond Capitol Hill, but the primary story on Wall Street continues to be tax reform. Hopes for a Senate vote sent the market spinning to dizzying heights yesterday. Now it’s unclear if senators can get the votes they need, and stocks that went up the hill yesterday tumbled back down in pre-market action before shaking off a good portion of those losses.

The Senate convenes at 10 a.m. ET today, and we might see some intraday volatility as the bill is discussed. The VIX topped 11 by early Friday after spending much of the week below 10. Additionally, European and Asian stocks had mostly lower showings.

Still, what a way to end the month Thursday, with the Dow Jones Industrial Average ($DJI) piercing 24,000 for the first time on a gain of more than 300 points. Though the rally got most of its fuel from a possible tax cut, positive economic data so far this week also likely played a role. With all the focus on tax reform, don’t forget the 3.3% gross domestic product (GDP) growth in Q3, 17-year highs in consumer confidence, and another solid reading on Chicago PMI.

Additional data due Friday include auto sales, construction spending, and the ISM manufacturing index. Also, stay on the lookout for Fed speakers. Dallas Fed President Robert Kaplan and St. Louis Fed President James Bullard are both scheduled to make remarks today.

Other factors driving the market include what appears to be a great start to holiday shopping season along with the testimony to Congress earlier this week by Fed Chair nominee Jerome Powell. Hearing that Powell intends to continue the current monetary policy and transparency from the Fed, along with his statement that regulations on banks are already “tough enough” got the financial sector off to the races.

Financials haven’t looked back much since, rising another 0.55% on Thursday. But they were far down on the day’s leader board from a sector basis. Energy wore the green jacket, rising 1.55% on the day OPEC decided to extend ...

Full story available on Benzinga.com

Major automakers post mixed November US sales results
Fri, 01 Dec 2017 15:23:00 GMT
Major automakers posted mixed U.S. November new vehicle sales for November on Friday.
Bush tax-cut architect dismisses JCT scoring of the Senate tax bill as a 'fraud'
Fri, 01 Dec 2017 14:31:00 GMT
An note from George W. Bush's former economic adviser accuses the tax committee of attempting to thwart the tax bill.
Fed's Bullard warned of a key 'bearish signal' emerging for the economy
Fri, 01 Dec 2017 14:16:00 GMT
St. Louis Fed James Bullard warned of a "bearish signal" in the economy if the Fed continues raising interest rates.
NAHB CEO: GOP is interested in our demands on the tax bill—nobody wants a housing recession
Fri, 01 Dec 2017 14:12:00 GMT
The NAHB's CEO is more upbeat after tax talks with House Speaker Paul Ryan and Rep. Kevin Brady.
Uncertainty About Tax Bill May Lead To Choppy Trading On Wall Street
Fri, 01 Dec 2017 13:51:27 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday following the strong upward move seen in the previous session. Traders may be reluctant to make any significant moves amid uncertainty about the prospects for the Senate Republican tax reform bill.
Three ways Trump's latest pick could really shake up the Federal Reserve
Thu, 30 Nov 2017 20:39:00 GMT
In Goodfriend, the Fed gets someone whose approach to monetary policy and regulation runs counter to orthodoxy.
Here's how the Senate tax bill affects people earning less than $100,000
Thu, 30 Nov 2017 16:11:00 GMT
If you're making less than $75,000, these tax cuts aren't for you.
Optimism About Tax Reform May Lead To Strength On Wall Street
Thu, 30 Nov 2017 13:57:01 GMT
The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session.
US consumer spending moderates in October, while inflation is picking up
Thu, 30 Nov 2017 13:31:00 GMT
U.S. consumer spending slowed in October as the hurricane-related boost to motor vehicle purchases faded.
US jobless claims post second weekly decline
Thu, 30 Nov 2017 13:30:00 GMT
The number of Americans filing for unemployment benefits fell last week, dropping for a second straight week as labor market conditions tightened further.
The Federal Reserve Might Explore A Digital Currency, Dudley Still 'Skeptical' Of Bitcoin
Wed, 29 Nov 2017 16:53:07 GMT

The hottest investment of 2017 is bitcoin and other digital currencies, and the cryptocurrency craze has now apparently captured the attention of the Federal Reserve. William Dudley, president and CEO of the Federal Reserve Bank of New York, said the Fed is contemplating its own digital currency.

But before investors get too excited at the possibility of a federal cryptocurrency, Dudley said the currency’s potential launch wouldn’t be happening any time soon. He also took the opportunity to cast some shade on bitcoin, which rallied more than $1,000 on Wednesday just one day after topping $10,000 for the ...

Full story available on Benzinga.com

McKinsey: One-third of US workers could be jobless by 2030 due to automation
Wed, 29 Nov 2017 15:08:00 GMT
The consulting firm estimates that between 400 million and 800 million people globally could be displaced by automation.
A vital real estate tax break to preserve Main Street USA may be cut by the GOP
Wed, 29 Nov 2017 14:55:00 GMT
The fate of the tax credit to preserve historic districts on Main St. is uncertain under GOP tax reform plan.
Yellen Testimony, Strong GDP Reading In Focus As Market Sits At Record Highs
Wed, 29 Nov 2017 14:50:42 GMT

A missile launch couldn’t punch a hole in Tuesday’s tax reform- and Fed-fueled rally. Stock futures moved solidly higher ahead of the opening bell Wednesday as the market appeared ready to build on its gains.

Coming up today: Fed Chair Janet Yellen’s testimony to Congress on the state of the economy and the economic outlook at 10 a.m. ET, along with the Fed’s Beige Book release at 2 p.m. ET. This morning, the government released its second estimate for Q3 gross domestic product (GDP), and it came in at 3.3%, above the 3.2% that Wall Street analysts had forecast. And the full Senate is expected to vote on a Republican tax plan later this week.

It looks like there’s less fear of North Korea and more optimism about events in Washington, D.C., at least judging from the action on Wall Street yesterday. First, stocks sold off on the North Korea missile launch, then they came roaring back amid positive sentiment surrounding Fed nominee Jerome Powell’s testimony and the Senate Budget Committee’s approval of tax legislation. The tax vote and Powell testimony both got investors excited, helping carry major indices to new all-time highs and writing another chapter in the market’s incredible rally.

The full Senate still has to take action on taxes, but there was some concern that the Budget Committee might reject the bill. Tuesday’s vote removed one source of potential stress on the market. Without taking sides on a political matter, it’s fair to say investors generally like to see Washington functioning, and the vote yesterday might be a sign of that. What the legislation ultimately looks like and how it might affect the markets remains to be seen, but the general mood on the Street is optimism about possible corporate tax cuts.

Financial stocks, which had already drawn support from what many viewed as constructive testimony by Fed Chair-nominee Jerome Powell in his confirmation hearing, took on even more vigor after the Budget Committee vote. Powell said all the things that might be expected of a Fed nominee on rates and the economy, so that wasn’t too surprising. But investors appeared to like what he said about regulation, particularly his comment about Wall Street regulations being “tough enough.” Banks have lobbied to have the reigns loosened, so Powell’s remarks likely were what bank leaders wanted to hear.

Financials easily led all sectors with 2.6% gains Tuesday. No other sector came really close. ...

Full story available on Benzinga.com

Yellen Testimony In Focus On Wall Street
Wed, 29 Nov 2017 13:54:44 GMT
The major U.S. index futures are pointing to a mixed opening on Wednesday, as the Dow futures are up by 69 points but the Nasdaq futures are down by 4.75 points.
US third-quarter economic growth is at the fastest pace in three years
Wed, 29 Nov 2017 13:30:00 GMT
The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years.
In likely final address, Yellen calls on Congress to adopt pro-growth policies
Wed, 29 Nov 2017 13:00:00 GMT
Fed Chair Janet Yellen called on Congress to adopt policies that will get U.S. economic growth out of its "disappointingly slow" post-recession pattern.
Weekly mortgage applications fall 3.1%, as interest rates offer no incentive
Wed, 29 Nov 2017 12:00:00 GMT
Applications to refinance a home loan led the way down, falling 8 percent last week.
Powell, sounding a lot like Yellen, promises rate hikes and little policy change
Tue, 28 Nov 2017 17:54:00 GMT
For Jerome Powell, his confirmation hearing was a chance to assure senators little will change after Janet Yellen leaves.
Fed nominee Powell: Financial system 'quite strong,' backs 'tailoring' to ease up on small banks
Tue, 28 Nov 2017 16:25:00 GMT
At his Senate confirmation hearing for Fed chair, Powell says he favors "tailoring" regulations to help smaller banks.
Top House tax writer Brady: I'm confident the Senate will find a way to 'stand and deliver' on taxes
Tue, 28 Nov 2017 16:19:00 GMT
"The ball is in the Senate's court," House Ways and Means Committee Chairman Kevin Brady says.
Cyber Monday becomes largest online shopping day in US history, ringing up $6.59 billion in sales
Tue, 28 Nov 2017 16:17:00 GMT
Cyber Monday sales were on pace to hit $6.59 billion by the end of the day, Adobe Insights revealed Monday evening.
Markets Lean Into Positive Terrain Early; Powell Confirmation Hearings Start
Tue, 28 Nov 2017 15:15:38 GMT

The stock markets three major benchmarks, seemingly without much to push them, tiptoed into positive territory in the early going after Monday’s mostly muted session.

Might that change as the day wears on£ There is a bevy of economic data scheduled to be released this morning, including consumer confidence and the S&P Case-Shiller Home Price Index. Federal Reserve speakers, including Jerome Powell, the nominee to replace Janet Yellen as chair, will be out today. Powell is scheduled to make remarks to lawmakers, which analysts have said they will closely watch to see if he talks about tax cuts and the economy. (See below.)

Trading was slow yesterday and the session’s end seemed to reflect it. Retail stocks rallied a bit in the early going, but lost their momentum before the session ended, leaving the major benchmarks mostly flat. The Dow Jones Industrials ($DJI), the S&P 500 (SPX) and Nasdaq Composite (COMP) all touched intraday highs but couldn’t hold on to them. The Dow managed to finish in positive territory, but not by much, while SPX, as well as COMP slipped into the red.

As flat as the markets were yesterday, two big boys managed to eke out fresh thousand-dollar highs. Shares of Alphabet Inc (NASDAQ: GOOG) Class A closed at a record $1,072.01, up 1.5%. The stock is up 35% this year against the SPX’s 16% gains. (See chart.)

Amazon.com, Inc. (NASDAQ: AMZN) shares marked their fourth straight record close, finishing at $1,195.83 as Cyber Monday results poured in. That put the market capitalization of the company at $571.5 billion and the paper wealth of Jeff Bezos, its chief executive, at more than $100 billion, according to published reports. AMZN shares have advanced 58% this year. Some analysts have said that this stock price might be the ...

Full story available on Benzinga.com

Democrats cancel meeting after Trump says 'I don't see a deal' to prevent government shutdown
Tue, 28 Nov 2017 15:12:00 GMT
Trump made the remarks hours before a scheduled meeting with Democrats Chuck Schumer and Nancy Pelosi.
Consumer confidence hits new 17-year high
Tue, 28 Nov 2017 15:03:00 GMT
Consumer optimism was expected to taper slightly in November, after recording historic highs in October.
US goods trade deficit widens in October, inventories fall
Tue, 28 Nov 2017 14:34:00 GMT
The U.S. goods trade deficit increased sharply in October and inventories declined broadly.
Corker: 'I've been a deficit hawk for 11 years' and don't want to damage the nation with tax vote
Tue, 28 Nov 2017 14:32:00 GMT
Corker says he's on the fence about the tax vote because he doesn't want to "damage the nation over the long haul."
Fed's Kashkari: There's no reason to 'tap brakes' on the US economy
Tue, 28 Nov 2017 14:26:00 GMT
Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled he may once again dissent of the Fed raises rates in December.
Morgan Stanley predicts 2018 will be 'tricky' for global economies; says sell US corporate bonds
Tue, 28 Nov 2017 14:06:00 GMT
Morgan Stanley remains optimistic in the global economy so long as other economies pick up the slack.
Case-Shiller home price index rises 6.2% in September
Tue, 28 Nov 2017 14:00:00 GMT
The S&P CoreLogic Case-Shiller home price index rose more than expected in September.
Stocks May Open Higher Amid Focus On Capitol Hill
Tue, 28 Nov 2017 13:58:23 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the lackluster performance seen in the previous session.
Economic Data, Earnings and Congress in Session Mark Last Week of Month
Mon, 27 Nov 2017 15:43:34 GMT

Today kicks off a busy week on the economic data front amid a slowdown in the earnings parade and Congress’s return to work. This week also will see the end of one month and the beginning of another, which has sometimes led to the so-called “turn-of-the-month effect.”

Also referred to as TOM, the turn-of-the-month effect is a market anomaly in which stocks tend to rise on the last trading day of the month and the first three trading days of the next month. This isn’t a trading strategy, just an unusual occurrence and a reminder that past performance is not indicative of future results. Historically speaking, December and January tend to be strong ones for stock market performance, and have often been referred to as the “Santa Claus rally.”

The government releases October’s new-home sales today after two straight months of high double-digit gains in new single-family sales. Despite a bit of volatility in 2017, September marked the fifth month this year that new homes were selling at an annual pace of more than 600,000 units. In 2015 and 2016, new homes sold at an annual pace of 501,000 and 561,000 units, respectively.

Also of note this week on the economic calendar are government reports on personal income and spending, and the Federal Reserve’s seemingly favorite inflation metric, the personal consumption expenditures data. All three are out Thursday.

Friday’s shortened session was another record-setting one for the S&P 500 and the Nasdaq Composite, though the moves were small. The Dow Jones Industrials also inched up but didn’t make the record books. But all three benchmarks registered their first weekly advances in three weeks. The Russell 2000, which tracks small companies, also finished at a fresh crest.

Retailers were in focus Black Friday, the once-traditional kick off of the holiday shopping season. Macy’s Inc (NYSE: M) added 2% and Gap Inc (NYSE: GPS) was higher by 1.6% while Kohl’s Corporation (NYSE: KSS) put on 1% and Wal-Mart Stores Inc (NYSE: WMT) 0.22%. Amazon.com, Inc (NASDAQ: AMZN) shares also expanded, by 2.6%. Target Corporation (NYSE: TGT) missed the improvement ...

Full story available on Benzinga.com

Looming Fed Testimony, Data May Lead To Choppy Trading On Wall Street
Mon, 27 Nov 2017 13:49:59 GMT
The major U.S. index futures are pointing to a mixed opening on Monday, with the Dow futures up by 12 points but the Nasdaq futures down by 2 points.
Futures Pointing To Initial Strength On Wall Street
Fri, 24 Nov 2017 13:45:11 GMT
The major U.S. index futures are pointing to a higher opening on Friday as markets reopen following the Thanksgiving Day holiday on Thursday. The markets may benefit from recent upward momentum, which helped to lift the major averages to new record closing highs earlier this week.
U.K Budget Next, FOMC Minutes Later via OANDA
Wed, 22 Nov 2017 16:43:53 GMT

Wednesday November 22: Five things the markets are talking about

The dollar is a tad weaker across the board after current Fed Chair Janet Yellen warned against rapid rate hikes, while the EUR (€1.1753) gained amid possible new moves to end Germany's political impasse.

For Germany, options include new elections, but recent polls suggest that could result in another deadlock. Other possibilities are a minority government or an alternative coalition.

Note: There are rumors that Chancellor Merkel's party is betting on a revived alliance with the Social Democrats to dodge the risk of new elections. So far, the ‘single' unit is little concerned given the solid German and eurozone economic growth.

This morning's U.K budget could be a low-key affair for the pound (£1.3245), especially when compared with the U.K/E.U meeting this Friday. This meeting is likely to reveal whether Britain's upgraded offer will unblock trade negotiations.

1. Stocks winning ways

Global stocks are adding to what's been a stellar year for equity returns amid optimism about global growth and company earnings.

In Japan, the Nikkei share average rallied to a near two-week high overnight, supported by gains in large-cap stocks and financial companies as global growth hopes lifted the mood across world markets. The Nikkei ended +0.5% higher, the highest closing level since Nov. 10, while the broader Topix gained +0.3%.

Note: Japanese markets will be closed on Thursday for a national holiday.

Down-under, Australia's S&P/ASX 200 Index rose +0.4%, while South Korea's Kospi index added +0.3%.

In Hong Kong, the Hang Seng index ended above the psychological +30,000 points for the first time in a decade, amid signs Chinese investors are stepping up buying of domestic stocks. The Hang Seng Index jumped +0.8%, while the China Enterprises index rose +0.71%.

In Europe, regional indices trade mostly higher in quite trade, with the exception of the DAX, which trades slightly lower, unlike the FTSE, which is a tad higher ahead of the U.K budget today.

U.S stocks are set to open in the ‘black' (+0.1%).

Indices: Stoxx600 +0.1% ...

Full story available on Benzinga.com

Holiday Approaches With Market At New All-Time Highs As Earnings, Oil Strong
Wed, 22 Nov 2017 15:44:49 GMT

The market barrels toward Thanksgiving and Black Friday with all the major indices hitting new highs yesterday and still charging along early Wednesday in pre-market trading action. The last pieces of earnings season are coming together nicely, and a fresh rally in crude oil injected some new vigor.

Today’s calendar includes Fed minutes (see below) and durable goods, but tomorrow is a blank with all U.S. markets closed for the holiday. Despite that, today is a full trading day. Friday is the shortened session, and focus then could turn back to retailers as people go out and shop.

Oil regained some traction this week and prices are up nearly 2 percent this morning, flirting with two-year highs after a report late Tuesday showed a draw in U.S. supplies. The market sputtered last week amid rising stockpiles and production, and the next official U.S. stockpiles data are due later today. This oil rally comes as investors await next week’s OPEC meeting, where many analysts expect OPEC members to extend their production caps. The spike in oil seemed to help give energy sector stocks a boost in pre-market trading.

Another stock getting a boost was Deere & Company (NYSE: DE), whose shares climbed 3 percent in pre-market trading after beating Wall Street analysts’ estimates for earnings and revenue. The company cited improvement in both its farm and construction equipment business. Though earnings season is pretty much over, the last stragglers keep coming in with red-hot results.

One new data point early Wednesday was durable goods, which fell 1.2 percent in October, the government said. That contrasted with analysts’ expectations for a slight rise.

The market was a sea of green Tuesday, with gains for every sector except telecom. Info tech, however, was the only sector to post better than 1 percent gains. Another batch of healthy earnings appeared to give the market an initial positive injection, and soon all the major indices were posting new all-time highs. Looking at tech, it’s not too surprising to see why the sector is up 5 percent over the last month and nearly 38 percent year-to-date. Tech companies are seeing better earnings, better sales, and better growth. It's difficult to argue with that.

It’s not just big tech stocks picking up ground, however. The Russell 2000 (RUT) index of small cap stocks executed a big turn-around in recent days after hiding in the shadows while the other indices rallied the last couple of months. Now the RUT is back to posting new highs, and some of this could be linked to hopes for tax reform. One school of thought proposes that repatriation of foreign profits, part of the proposed tax legislation, could put more money into the pockets of large corporations, perhaps putting them into better position ...

Full story available on Benzinga.com

Light Trading May Lead To Volatility On Wall Street
Wed, 22 Nov 2017 14:02:59 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, although trading activity is likely to be somewhat subdued.
Upbeat Earnings News May Lead To Strength On Wall Street
Tue, 21 Nov 2017 13:50:32 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to add to the modest gains posted in the previous session.
Janet Yellen Resigns From Federal Reserve Board Of Governors
Mon, 20 Nov 2017 19:49:09 GMT

Federal Reserve Chair Janet Yellen has announced that she will resign from the Federal Reserve rather than continue to serve in a governor role once her replacement takes office Jan. 31, 2018. In a resignation letter to President Donald Trump, Yellen said she is proud of how far the U.S. economy has come during her four years at the helm of the Fed.

“As I prepare to leave the board, I am gratified that the financial system is much stronger than a decade ago, better able to withstand future bouts of instability ...

Full story available on Benzinga.com

Political Uncertainty May Lead To Choppy Trading On Wall Street
Mon, 20 Nov 2017 13:48:44 GMT
The major U.S. index futures are pointing to a slightly higher opening on Monday, although traders may be reluctant to make significant moves amid continued uncertainty about U.S. tax reform and news of political instability in Germany.
Stocks May Show A Lack Of Direction
Fri, 17 Nov 2017 13:51:57 GMT
The major U.S. index futures are pointing to a mixed opening on Friday following the strong upward move seen in the previous session. While the Dow futures are down by 45 points, the Nasdaq futures are up by 3 points.
Earnings To The Rescue£ Wal-Mart, Cisco Results Might Help Revive Ailing Market
Thu, 16 Nov 2017 16:01:34 GMT

Earnings might come to the rescue Thursday as two key companies outpaced Wall Street’s expectations and sent stock futures indices higher before the opening bell. Also on tap today: A possible tax vote in the House and a lineup of Fed speakers.

Wal-Mart Stores Inc (NYSE: WMT) delivered what looked like a blowout quarter, helping turn the mood around slightly in the early going after Wall Street’s recent retreat. The company beat analysts’ top- and bottom-line estimates, and, perhaps more importantly, grew its U.S. e-commerce business by 50%. The grocery business also appeared pretty good, and it was encouraging to see same-store sales up. It looks like the company continues to weather the online onslaught pretty well.

One thing that’s tripped up some big retailers this earnings season is guidance, but that doesn’t seem to be the case with WMT. The company raised its full-year earnings per share estimates, and said it expects “a solid performance for the important holiday season.” Competitor Target Corporation (NYSE: TGT) saw shares fall yesterday after the company forecast a “highly competitive” Q4 environment. WMT shares rose in pre-market trading.

Something people might want to ask themselves as they see strong earnings from Amazon.com Inc. (NASDAQAMZN) and WMT is, “Who’s suffering£” For instance, L Brands Inc (NYSE: LB) saw same-store sales fall during the quarter. It looks like there may be a shuffling of the deck going on here, with the biggest companies prospering while more and more of the little guys struggle. You may be seeing a two-party system. That’s the only negative from the AMZN and WMT results.

Cisco Systems Inc. (NASDAQ: CSCO) was another name on the upswing in pre-market trading Thursday after the company beat Wall Street’s earnings expectations. Here’s an example of an under-the-radar stock, one of the darlings of the 1990s, still out there putting up great numbers. The company’s security software sales looked really impressive. Intel Corporation (NASDAQ: INTC) is another one of the big 1990s names that’s not talked about as much but continues to do well.

On the less positive side, Best Buy Co Inc (NYSE: BBY) shares fell more than 4% in pre-market trading after missing analysts’ revenue expectations amid weaker-than-expected mobile phone sales and hurricane-related pressures. BBY also offered a holiday season outlook that disappointed some on Wall Street, Reuters reported.

Before today, stocks had been stumbling into Thanksgiving season, falling four days out of the last five. However, the downtrodden financial sector actually perked up a little on Wednesday. ...

Full story available on Benzinga.com

Stocks May Move Back To The Upside In Early Trading - U.S. Commentary
Thu, 16 Nov 2017 14:16:15 GMT
The major U.S. index futures are pointing to a higher opening on Thursday, with the Dow futures up by 83 points. The upward momentum on Wall Street comes following the weakness seen over the two previous sessions.
Overseas Weakness May Weigh On Wall Street
Wed, 15 Nov 2017 14:03:10 GMT
The major U.S. index futures are pointing to a lower opening on Wednesday following the modest weakness seen in the previous session.
Markets Hug Flat Line In Early Going As Investors Digest Earnings, Economic Data
Tue, 14 Nov 2017 16:25:12 GMT

The markets looked slow in the early going with little movement in either direction as investors digest earnings and economic data coming out throughout the session.

This also could be another big week of tax bill discussions, which might lead to volatility in the markets. Both the House and the Senate continue to make some tough decisions about their differing frameworks as they cobble out a final bill to put toward a vote. Lawmakers say they are aiming to get the structure in place before Thanksgiving.

The Producer Price Index (PPI), out earlier today, stood at a 0.4% rise, higher than Wall Street’s expectations at 0.2% increase in the core PPI, according to the Commerce Department. The core PPI excludes food and energy prices, which tend to be more volatile, and the Federal Reserve considers it a better gauge of longer-term inflationary pressure.

Also out this morning were Q3 earnings from Home Depot Inc (NYSE: HD). As Wall Street analysts predicted, HD outpaced profit and sales estimates, and raised its full-year forecasts. Hurricanes Harvey and Irma helped, boosting same-store sales by $282 million, as did other disasters such as the wildfires in the west and earthquakes in Mexico, HD said. Home-improvement retailers typically ring up robust pre- and post-emergency storm-related sales. However, margins tend to get squeezed because of higher costs, and HD said its operating profit got hit by about $51 million from hurricane-related expenses.

Shares advanced immediately after the announcement, but shifted gears to move marginally to the downside. There’s likely to be more clarity on the forecast after the earnings call.

Speaking of earnings, more than 65% of the companies that already have reported quarterly results have outpaced Wall Street’s expectations. That’s higher than the norm, which is about 56% beating projections.

In the early going, the three major benchmarks were treading slightly to the downside. Yesterday, the Dow Jones Industrials ($DJI) and the S&P 500 (SPX) recovered after a pullback at the open and managed to avoid their third straight session of losses, but just barely. Both hugged the flat line throughout most of the day, as did the Nasdaq Composite (COMP). When the session settled, all three benchmarks were up by 0.10% or less. Today’s session might be more of the same, judging by the flat trading early on. But there’s still plenty of day ahead, so stay tuned.

Yesterday, General Electric Company (NYSE: GE) stock took another hit after the blue chip chopped ...

Full story available on Benzinga.com

Uncertainty About Tax Reform May Weigh On Wall Street
Tue, 14 Nov 2017 13:55:52 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday following the modestly higher close seen in the previous session.
Futures Pointing To Initial Weakness On Wall Street - U.S. Commentary
Mon, 13 Nov 2017 13:50:47 GMT
The major U.S. index futures are pointing to a lower opening on Monday, with the Dow futures down by 83 points. Stocks are poised to extend the modest downward move seen last week.
Uncertainty About Tax Reform May Weigh On Wall Street
Fri, 10 Nov 2017 13:39:39 GMT
The major U.S. index futures are pointing to a lower opening on Friday, with stocks poised to extend the pullback seen in the previous session.
Traders May Cash In On Recent Strength On Wall Street
Thu, 09 Nov 2017 13:51:20 GMT
The major U.S. index futures are pointing to a lower opening on Thursday following the modest strength seen in the previous session.
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