Markets and Economy
Australia Q1 Producer Prices Gain 0.5% On Quarter
Fri, 28 Apr 2017 02:50:23 +0100
Final demand producer prices in Australia were up 0.5 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Friday - unchanged from the previous quarter.
Australia Private Sector Credit Adds 0.3% In March
Fri, 28 Apr 2017 02:40:23 +0100
Private sector credit in Australia was up 0.3 percent on month in March, the Reserve Bank of Australia said on Friday.
Boeing seeks U.S. anti-dumping probe against Bombardier jet
Fri, 28 Apr 2017 02:37:12 +0100
WASHINGTON/NEW YORK (Reuters) - Boeing Co on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian planemaker Bombardier's new CSeries airplane, adding to growing trade tensions between the United States and Canada.
Amazon revenue soars as cloud, retail businesses dominate
Fri, 28 Apr 2017 02:36:25 +0100
(Reuters) - Inc's retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading.
Oil prices face second weekly loss as oversupply lingers
Fri, 28 Apr 2017 02:34:52 +0100
SINGAPORE (Reuters) - Oil prices stabilized on Friday but were on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market.
Trump steps back from brink of killing North American trade pact
Fri, 28 Apr 2017 02:33:31 +0100
WASHINGTON (Reuters) - President Donald Trump said on Thursday he pulled back from the brink of killing the 23-year-old trade pact with Canada and Mexico after requests from their leaders and expressed optimism about winning better U.S. terms in a renegotiated deal.
South Korea Industrial Output Rises 1.0% In March
Fri, 28 Apr 2017 02:30:24 +0100
Industrial production in South Korea advanced a seasonally adjusted 1.0 percent on month in March, Statistics Korea said on Friday.
Asian stocks tick up, euro subdued as ECB maintains easing bias
Fri, 28 Apr 2017 02:07:35 +0100
SINGAPORE (Reuters) - Asian stocks inched higher on Friday and looked set to close a strong week on a positive note, while the euro slipped after the European Central Bank showed no signs of paring its stimulus program.
Japan Industrial Production Falls 2.1% In March
Fri, 28 Apr 2017 02:05:23 +0100
Industrial output in Japan skidded 2.1 percent on month in March, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.
Microsoft Surface sales sink, shares dip
Fri, 28 Apr 2017 01:58:14 +0100
(Reuters) - Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.
Japan Industrial Output Slides 2.1% In March
Fri, 28 Apr 2017 01:50:23 +0100
Industrial production in Japan was down 2.1 percent on month in March, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.
UK Consumer Confidence Recedes In April - GfK
Fri, 28 Apr 2017 01:45:23 +0100
Consumer confidence in the United Kingdom ebbed in April, the latest survey from GfK revealed on Friday with an index score of -7.
Japan Retail Sales Add 0.2% In March
Fri, 28 Apr 2017 01:40:23 +0100
Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in March, the Ministry of Economy, Trade and Industry said on Friday.
Japan Overall Inflation +0.2% In March
Fri, 28 Apr 2017 01:35:23 +0100
Overall nationwide consumer prices in Japan were up 0.2 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - missing forecasts for 0.3 percent, which would have been unchanged.
Japan Jobless Rate Steady At 2.8% In March
Fri, 28 Apr 2017 01:25:23 +0100
The unemployment rate in Japan came in at a seasonally adjusted 2.8 percent in March, the Ministry of Internal Affairs and Communications said on Friday.
South Korea Industrial Production Gains 1.0% In March
Fri, 28 Apr 2017 01:20:23 +0100
Industrial output in South Korea added a seasonally adjusted 1.0 percent on month in March, Statistics Korea said on Friday.
New Zealand March Trade Surplus NZ$332 Million
Fri, 28 Apr 2017 01:15:23 +0100
New Zealand posted a merchandise trade surplus of NZ$332 million in March, Statistics New Zealand said on Friday - representing 7.1 percent of exports.
Google parent Alphabet's profit up 29 percent on strong ad sales
Fri, 28 Apr 2017 00:59:39 +0100
(Reuters) - Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.
Japan Household Spending Dips 1.3% In March
Fri, 28 Apr 2017 00:55:23 +0100
The average of household spending in Japan was down 1.3 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 297,942 yen.
New Zealand Has NZ$332 Million Trade Surplus
Fri, 28 Apr 2017 00:45:23 +0100
New Zealand had a merchandise trade surplus of NZ$332 million in March, Statistics New Zealand said on Friday.
New Zealand Building Permits Slid 1.8% In March
Fri, 28 Apr 2017 00:15:23 +0100
The total number of building permits issued in New Zealand was down a seasonally adjusted 1.8 percent on month in March, Statistics New Zealand said on Friday - coming in at 2,779.
Microsoft dips after revenue misses expectations
Thu, 27 Apr 2017 23:50:00 +0100
The company reported that revenue from its "more personal computing" segment, which includes Surface, badly missed estimates.
International stock funds attract $1.8 billion post-French election
Thu, 27 Apr 2017 23:49:49 +0100
NEW YORK (Reuters) - Investors ramped up their exposure to U.S.-based international-focused stock funds on relief that centrist Emmanuel Macron took the first round of voting in the French...
Wells Fargo overhauls lawmaking and policy arm
Thu, 27 Apr 2017 23:45:57 +0100
(Reuters) - Wells Fargo & Co is making several changes to its government relations and public policy unit in what its new leader said was a response to its steady growth since the financial crisis.
Berkshire's Duracell sues over gray market battery imports
Thu, 27 Apr 2017 23:18:22 +0100
(Reuters) - Duracell, a unit of Warren Buffett's Berkshire Hathaway Inc , on Thursday filed a lawsuit accusing a Missouri wholesaler of illegally selling gray market versions of its copper-top alkaline batteries.
Japan Data On Tap For Friday
Thu, 27 Apr 2017 23:00:23 +0100
Japan is scheduled to release a raft of economic data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are March numbers for unemployment, household spending, inflation, retail sales, industrial production and housing starts.
Uber's Levandowski to step aside for duration of Waymo litigation
Thu, 27 Apr 2017 22:55:00 +0100
(Reuters) - Uber Technologies Inc [UBER.UL] said the head of its self-driving vehicles unit, Anthony Levandowski, will step aside from his role for the remainder of the company's litigation with Waymo, the self-driving car division of Alphabet Inc .
Intel shares fall 3% after missing expectations for key segment
Thu, 27 Apr 2017 22:39:00 +0100
Intel is expected to report first-quarter earnings after the bell Thursday.
BankFinancial Corporation Extends Share Repurchase Program
Thu, 27 Apr 2017 22:30:46 +0100

BURR RIDGE, Ill., April 27, 2017 (GLOBE NEWSWIRE) -- BankFinancial Corporation (NASDAQ:BFIN) announced today that its Board of Directors has extended the expiration of the Company's current share repurchase authorization from June 30, 2017 to December 31, 2017.  There are 411,588 shares of common stock authorized for repurchase through December 31, 2017.

The authorization permits shares to be repurchased in open market or negotiated transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.  The authorization will be utilized at management's discretion, subject to price, volume and other internal limitations that will be established by the Company's Board of Directors, and to the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.  Share repurchases will be funded from available working capital.

The authorization does not obligate the Company ...

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Benzinga's Option Alert Recap From April 27
Thu, 27 Apr 2017 22:01:30 +0100

Benzinga Pro provides its subscribers with real-time alerts of potentially market-moving options activity.

Here's a recap of the options alerts from Thursday, April 27, 2017. All time stamps are in Eastern Time.

3:36:38 pm: CY Cypress Semi May 15.0 Calls Sweep: 5169 @ ASK $0.35: 6510 traded vs 7669 OI: Earnings today After Close $14.32 Ref

3:19:42 pm: GPRO GoPro Jun 9.0 Puts Sweep: 500 @ ASK $0.95: 2246 traded vs 77 OI: Earnings today After Close $9.05 Ref

2:37:29 pm: TV Grupo Televisa May 24.0 Puts; 22255 @Bid @ $0.35, 24.35 Ref

2:18:31 pm: MYL Mylan May 38.0 Calls Sweep: 501 @ ASK $1.136: 1575 traded vs 451 OI: Earnings 5/2 Before Open [est] $37.75 Ref

1:54:52 pm: YUM YUM May 5th 64.5 Puts Sweep: 743 @ ASK $0.45: 1755 traded vs 48 OI: Earnings 5/3 Before Open $66.36 Ref

1:39:39 pm: GOOG Alphabet Jul 950 Calls: 1000 @ ASK $7.40: 4015 traded vs 0 OI: Earnings today After Close $872.24 Ref

1:24:06 pm: GNC GNC May 7.5 Puts Sweep: 500 @ ASK $0.40: 1333 traded vs 1928 OI: Earnings 7/27 Before Open [est] $8.02 Ref

12:38:16 pm: CY Cypress ...

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McEwen Mining Inc. and Lexam VG Gold Inc. Announce Closing of Arrangement
Thu, 27 Apr 2017 21:57:53 +0100

TORONTO, April 27, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) and Lexam VG Gold Inc. (TSX:LEX) (OTCQX:LEXVF) are pleased to announce the successful completion of the previously announced plan of arrangement (the "Arrangement").


Share owners of Lexam approved the Arrangement on April 12, 2017 and a final order approving the Arrangement was issued by the Ontario Superior Court of Justice on April 19, 2017.

Lexam is now a subsidiary of McEwen Mining and the common shares of Lexam will be delisted from the TSX on May 1st, 2017.

Pursuant to the Arrangement, share owners of Lexam received 0.056 shares ...

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Steven Cohen, SAC must again face Fairfax short-selling lawsuit
Thu, 27 Apr 2017 21:47:56 +0100
(Reuters) - The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about...
United settles with passenger dragged off flight
Thu, 27 Apr 2017 21:42:00 +0100
As part of the deal, the settlement amount remains confidential.
Najarian Brothers See Unusual Options Activity In Snap And Infinera
Thu, 27 Apr 2017 21:31:18 +0100

On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed high options activity in Snap Inc (NYSE: SNAP). He said that traders bought 4,500 contracts of the May 22 calls ...

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Under Armour shares surge 10% on smaller-than-expected loss
Thu, 27 Apr 2017 21:05:00 +0100
Although Under Armour posted its first-ever loss, it was not nearly as bad as some had feared, sending shares up sharply.
Delisting of Securities of Gordmans Stores, Inc., Unilife Corporation, Osiris Therapeutics, Inc., and Ignite Restaurant Group, Inc. from The Nasdaq Stock Market
Thu, 27 Apr 2017 21:05:00 +0100

NEW YORK, April 27, 2017 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Gordmans Stores, Inc.  Gordmans Stores, Inc.'s stock was suspended on March 22, 2017 and has not traded on Nasdaq since that time.

Nasdaq also announced that it will delist the common stock of Unilife Corporation.  Unilife Corporation's stock was suspended on April 21, 2017 and has not traded on Nasdaq since that time.

Nasdaq also ...

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Westmoreland Resource Partners, LP Reports First Quarter 2017 Distribution
Thu, 27 Apr 2017 21:05:00 +0100

ENGLEWOOD, Colo., April 27, 2017 (GLOBE NEWSWIRE) -- Westmoreland Resources GP, LLC, general partner of Westmoreland Resource Partners, LP (NYSE:WMLP) ("WMLP"), declared a cash distribution for all unitholders and warrant holders of $0.1333 per unit for the quarter ended March 31, 2017. Additionally, the Board declared a distribution of Series A Convertible units to be issued in lieu of a $0.1333 cash distribution to holders of Series A Convertible units. The distribution will be paid ...

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ParkerVision Regains Compliance with NASDAQ Continued Listing Standards
Thu, 27 Apr 2017 21:01:00 +0100

JACKSONVILLE, Fla., April 27, 2017 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (NASDAQ:PRKR) ("ParkerVision"), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that it has received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that it has regained compliance with Nasdaq Listing Rule 5550(b)(2), which concerns the market value of the Company's listed securities ("MVLS").  

ParkerVision had been notified by Nasdaq in January 2017 that it was not in compliance with Nasdaq continued listing standards as a result of its MVLS falling below $35 million ...

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Navios Maritime Holdings Inc. Announces Availability of Its Form 20-F for the Year Ended December 31, 2016
Thu, 27 Apr 2017 21:00:00 +0100

MONACO, April 27, 2017 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) announced today that its Annual Report on Form 20-F for the year ended December 31, 2016 has been filed with the SEC and can be accessed on Navios Holdings' website ...

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Mid-Afternoon Market Update: LeMaitre Vascular Rises After Strong Q1 Results; Synchronoss Technologies Shares Plunge
Thu, 27 Apr 2017 20:42:51 +0100

Toward the end of trading Thursday, the Dow traded up 0.07 percent to 20,989.38 while the NASDAQ climbed 0.39 percent to 6,048.40. The S&P also rose, gaining 0.08 percent to 2,389.43.

Leading and Lagging Sectors

Thursday afternoon, the technology sector proved to be a source of strength for the market. Leading the sector was strength from AXT Inc (NASDAQ: AXTI) and Silicom Ltd (NASDAQ: SILC).

In trading on Thursday, energy shares slipped by 1.03 percent. Meanwhile, top losers in the sector included CARBO Ceramics Inc. (NYSE: CRR), down 27 percent, and Nabors Industries Ltd. (NYSE: NBR), down 10 percent.

Top Headline

Ford Motor Company (NYSE: F) reported stronger-than-expected earnings for its first quarter on Thursday.

Ford said it earned $0.39 per share in the first quarter on revenue of $36.48 billion; Analysts were expecting the company to earn $0.36 per share on revenue of $34.70 billion.


Equities Trading UP

EXACT Sciences Corporation (NASDAQ: EXAS) shares ...

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Goldman hopes high rates will lure consumers to online bank
Thu, 27 Apr 2017 20:30:12 +0100
(Reuters) - Goldman Sachs Group Inc plans to promote its high-interest bearing deposit products in a marketing push to consumers later this year as it looks to grow its online bank, Chief Strategy...
Earnings: Old School Tech Adapts To A Changing Industry
Thu, 27 Apr 2017 20:00:38 +0100

If you live for tech earnings, today is your day. We’re wrapping up this week’s round of earnings previews with a couple of older tech giants, 

Microsoft Corporation (NASDAQ: MSFT) and Intel Corporation (NASDAQ: INTC). Both companies release quarterly results after market close today. On top of MSFT and INTC,, Inc. (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOG) are also reporting at the end of the day.

Microsoft Earnings Around the Corner

Since assuming the role of CEO at MSFT, Satya Nadella has focused on developing a strategy to lead the company forward as the industry increasingly shifts to cloud computing and companies look to develop a seamless, integrated user experience across platforms. MSFT is focused on a “cloud-first, mobile-first” strategy, according to Nadella. But when he says “mobile first”, he’s not referring to mobile devices. In 2014, he told CNBC’s Jon Fortt “when I say mobile-first, cloud-first, it’s not actually the mobility of the device, it’s the mobility of the human experience across devices”. He added that the cloud is what orchestrates that consumer experience.

The company’s intelligent cloud segment is expected to grow 8% thanks to strength in Azure, its cloud computing platform, according to Stifel analysts. ...

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5 reasons analysts are still worried about Under Armour
Thu, 27 Apr 2017 19:34:00 +0100
Analysts raised key questions about the health of the company's brand during Under Armour's conference call Thursday morning.
United Airlines accounted for a third of animal deaths on U.S. flights in last 5 years
Thu, 27 Apr 2017 18:16:00 +0100
The death of a rabbit on a United flight comes soon after the carrier was under scrutiny for dragging a passenger off a flight, USA Today reports.
Earnings: Google Parent Alphabet Gets Ready To Report Q1 Results
Thu, 27 Apr 2017 18:08:35 +0100

There are several heavy hitters reporting earnings in the tech sector after market close today. Microsoft Corporation (NASDAQ: MSFT),, Inc. (NASDAQ: AMZN), Intel Corporation (NASDAQ: INTC), and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), are all releasing first-quarter results later today. GOOG has been in the spotlight as it launches YouTube TV and shares hit all-time highs in trading yesterday, joining Apple Inc. (NASDAQ: AAPL) as the one of only two companies in the United States worth more than $600 billion.

GOOG recently started rolling out YouTube TV, the company’s direct competitor to monthly cable, in several major cities over the past several weeks. It costs $35 per month and gives subscribers access to channels such as ESPN, Bravo, ABC, and CBS to name a few. It’s still too new to have any sizable impact on its results in the near future, but the company has said it plans to expand it to more cities. In addition to GOOG, other tech companies are ...

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Earnings: What Might Be Expected When Amazon Reports Q1 Results£
Thu, 27 Apr 2017 18:08:27 +0100

The NASDAQ (COMP) broke through the 6,000 mark on Tuesday right before one of the most important days in tech earnings. What’s so important about today£ The combined market cap of the four mega cap companies reporting today is about $1.75 trillion. Three of the companies are Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), and Intel Corporation (NASDAQ: INTC). The fourth company releasing first-quarter results after the bell is ecommerce giant, Inc. (NASDAQ: AMZN).

Since its 1997 IPO, AMZN has emerged as a global market leader in ecommerce through CEO Jeff Bezos’ direction and a relentless focus on the customer. In his 2016 letter to shareholders, he wrote “there are many advantages to a customer-centric approach, but here’s the big one: customers are always beautifully, wonderfully dissatisfied, even when they report being happy and business is great”.

That obsessive focus on customer wants, led AMZN to develop Prime—the company’s $99 annual membership that offers free two-day shipping on over ...

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20 Biggest Mid-Day Losers For Thursday
Thu, 27 Apr 2017 18:02:54 +0100
  • Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares declined 47 percent to $13.05 after the company reported the departures of CEO Ronald Hovsepian and CFO John Frederick. The company also lowered its Q1 outlook.
  • Ocean Power Technologies Inc (NASDAQ: OPTT) shares tumbled 27.2 percent to $1.48. Ocean Power Technologies priced its 5.385 million share common stock offering at $1.30 per share.
  • CARBO Ceramics Inc. (NYSE: CRR) shares dropped 23.2 percent to $7.00 as the company reported a wider-than-expected Q1 loss.
  • American Superconductor Corporation (NASDAQ: AMSC) declined 22.5 percent to $5.97 as the company lowered its Q4 sales forecast.
  • Pacific Biosciences of California (NASDAQ: PACB) shares tumbled 22 percent to $4.04 after the company reported a wider-than-expected quarterly loss.
  • Microvision, Inc. (NASDAQ: MVIS) dropped 14.4 percent to $2.33. Microvision reported a Q1 loss of ...

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20 Biggest Mid-Day Gainers For Thursday
Thu, 27 Apr 2017 17:35:14 +0100
  • China Commercial Credit Inc (NASDAQ: CCCR) shares surged 35.4 percent to $2.23.
  • EXACT Sciences Corporation (NASDAQ: EXAS) shares climbed 22 percent to $29.05 after the company reported a narrower-than-expected Q1 loss and raised its FY17 sales outlook.
  • GrubHub Inc (NYSE: GRUB) shares jumped 17.5 percent to $41.13 after the company posted upbeat Q1 results.
  • LeMaitre Vascular Inc (NASDAQ: LMAT) shares surged 16.6 percent to $30.75 as the company posted upbeat quarterly results.
  • Chromadex Corp (NASDAQ: CDXC) rose 14.8 percent to $2.87 as the company reported a $25 million strategic investment led by Li Ka-shing.
  • Cryolife Inc (NYSE: CRY) shares gained 14.6 percent to $19.20 after the company posted strong Q1 results.
  • HFF, Inc. (NYSE: HF) surged 13.7 percent to $32.51. HFF reported Q1 earnings of $0.50 per share on revenue of $138.8 million. The company also disclosed that it ...

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Mid-Day Market Update: Crude Oil Down 2%; GrubHub Shares Surge On Earnings Beat
Thu, 27 Apr 2017 17:14:54 +0100

Midway through trading Thursday, the Dow traded down 0.03 percent to 20,969.70 while the NASDAQ climbed 0.28 percent to 6,042.32. The S&P also fell, dropping 0.07 percent to 2,385.79.

Leading and Lagging Sectors

On Thursday, the technology sector proved to be a source of strength for the market. Leading the sector was strength from Ultra Clean Holdings Inc (NASDAQ: UCTT) and Silicom Ltd (NASDAQ: SILC).

In trading on Thursday, energy shares slipped by 1.28 percent. Meanwhile, top losers in the sector included CARBO Ceramics Inc. (NYSE: CRR), down 26 percent, and Oil States International, Inc. (NYSE: OIS), down 9 percent.

Top Headline

Ford Motor Company (NYSE: F) reported stronger-than-expected earnings for its first quarter on Thursday.

Ford said it earned $0.39 per share in the first quarter on revenue of $36.48 billion; Analysts were expecting the company to earn $0.36 per share on revenue of $34.70 billion.


Equities Trading UP

EXACT Sciences Corporation (NASDAQ: EXAS) shares shot up 20 percent ...

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A pair of plastic pants from this retailer will set you back a cool $100
Thu, 27 Apr 2017 16:58:00 +0100
The women's jeans are titled "Clear Plastic Straight Leg Jeans."
Big hedge funds' assets edge lower in 2016: Billion Dollar Club survey
Thu, 27 Apr 2017 16:37:41 +0100
BOSTON (Reuters) - Assets managed by the largest hedge funds slipped in 2016 in their first calendar-year decline since the financial crisis, according to a survey released on Thursday by data and...
Draghi Says Eurozone Recovery Solid And Broad, Inflation Unconvincing
Thu, 27 Apr 2017 15:43:06 +0100
European Central Bank policymakers are confident that the euro area economic recovery is improving, while they assessed that inflationary pressures remain subdued, ECB President Mario Draghi said Thursday, damping speculation that the bank may start to wind down its massive stimulus later this year.
Pentagon probes Trump's ex-adviser Flynn over foreign payments
Thu, 27 Apr 2017 15:37:00 +0100
The Pentagon is probing whether Flynn "failed to obtain required approval" before getting paid by foreigners.
Activist ValueAct says invested in private equity pioneer KKR
Thu, 27 Apr 2017 15:31:40 +0100
NEW YORK (Reuters) - ValueAct Capital said it has invested in asset management group KKR & Co, as the $16 billion activist investment fund deepens its reach into the financial sector.
U.S. Pending Home Sales Pull Back 0.8% In March
Thu, 27 Apr 2017 15:18:11 +0100
After reporting a sharp increase in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a pullback in pending sales in the month of March. NAR said its pending home sales index fell by 0.8 percent to 111.4 in March.
U.S. Durable Goods Orders Climb 0.7% In March, Less Than Expected
Thu, 27 Apr 2017 14:26:24 +0100
A report released by the Commerce Department on Thursday showed that new orders for U.S. manufactured durable goods climbed by less than expected in the month of March. The Commerce Department said durable goods orders rose by 0.7 percent in March after jumping by a revised 2.3 percent in February.
German Inflation Rises More Than Expected In April
Thu, 27 Apr 2017 14:15:48 +0100
Germany's inflation accelerated more-than-expected in April, after slowing sharply in March, preliminary figures from Destatis showed Thursday.
U.S. Weekly Jobless Claims Unexpectedly Rise To 257,000
Thu, 27 Apr 2017 14:14:41 +0100
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended April 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 257,000, an increase of 14,000 from the previous week's revised level of 243,000.
Futures Pointing To Higher Open On Upbeat Earnings News
Thu, 27 Apr 2017 13:58:13 +0100
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks poised to move back to the upside after ending the previous session modestly lower. The markets may benefit from a positive reaction to the latest batch of earnings news.
U.S. Durable Goods Orders Rise Less Than Expected In March
Thu, 27 Apr 2017 13:41:50 +0100
A report released by the Commerce Department on Thursday showed that new orders for U.S. manufactured durable goods climbed by less than expected in the month of March. The Commerce Department durable goods orders rose by 0.7 percent in March after jumping by a revised 2.3 percent in February.
U.S. Weekly Jobless Claims Show Unexpected Increase
Thu, 27 Apr 2017 13:35:13 +0100
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended April 22nd, according to a report released by the Labor Department on Thursday.
Draghi Holds Fire Ahead Of French Election Runoff
Thu, 27 Apr 2017 13:24:29 +0100
The European Central Bank left its monetary policy unchanged for a ninth consecutive session on Thursday as policymakers likely assessed that it was too early to trigger speculation of a future tapering of the massive stimulus as uncertainties linger around both the economic and political outlooks.
Portugal Consumer Confidence Highest Since Oct 1997
Thu, 27 Apr 2017 13:01:17 +0100
Portugal's consumer confidence strengthened further in April to the strongest level in nineteen-and-a-half years, figures from Statistics Portugal showed Thursday.
ECB Leaves Rates, QE Unchanged
Thu, 27 Apr 2017 12:59:03 +0100
The European Central Bank left its key interest rates and the volume of asset purchases unchanged on Thursday and signaled that it was ready to boost stimulus if the economic outlook turned less favorable.
Finland Unemployment Rate At 10-Month High
Thu, 27 Apr 2017 12:31:13 +0100
Finland's unemployment rate increased in March to the highest level in ten months, after remaining stable in the prior month, figures from Statistics Finland showed Thursday.
Bitcoin breaches $1,300, now just $25 off all-time high
Thu, 27 Apr 2017 12:15:00 +0100
The price for Bitcoin broke through $1,300 on Thursday, near its all-time high, but investors are growing cautious.
Austria Manufacturing Growth Strongest In 6 Years
Thu, 27 Apr 2017 12:10:43 +0100
Austria' s manufacturing activity expanded at the quickest pace in just over six years in April, driven by solid rises in output and new orders, survey figures from IHS Markit showed Thursday.
More U.S. Social Security claimants see patience as a virtue
Thu, 27 Apr 2017 12:09:42 +0100
CHICAGO (Reuters) - Good things come to those who wait, the old saying goes. And more Americans are getting the message when it comes to claiming Social Security benefits.
British Retail Sales Growth Fastest Since Mid-2015: CBI
Thu, 27 Apr 2017 11:49:07 +0100
UK retail sales grew the most since the middle of 2015 during April and the trend is expected to continue next month, albeit at a slower pace, suggesting that the ongoing political uncertainty is not slowing down consumer spending, results of a survey by the Confederation of British Industry, released on Thursday, revealed.
Sweden Trade Balance Turns To Deficit In March
Thu, 27 Apr 2017 11:39:08 +0100
Sweden's foreign trade balance turned to a deficit in March from a surplus in the previous year, figures from Statistics Norway showed Thursday.
Merkel warns Britons: don't delude yourself over Brexit
Thu, 27 Apr 2017 11:36:00 +0100
Angela Merkel told Britons not to delude themselves that they would continue to enjoy EU rights after Brexit.
Italy Consumer Confidence Falls Slightly: Business Confidence Improves
Thu, 27 Apr 2017 11:01:39 +0100
Italy's consumer confidence decreased marginally in April, while business confidence improved further, survey data from the statistical office Istat showed Thursday.
Economic Data Scheduled For Thursday
Thu, 27 Apr 2017 10:55:33 +0100
  • Data on durable goods orders for March will be released at 8:30 a.m. ET.
  • Data on U.S. international trade in goods for March will be released at 8:30 a.m. ET.
  • Data on initial jobless claims for the recent week will be released at 8:30 a.m. ET.
  • Data on retail inventories for ...

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France debates: did Le Pen or Macron win Whirlpool fight£
Thu, 27 Apr 2017 10:42:00 +0100
France is furiously debating who out of Marine Le Pen and Emmanuel Macron won "the battle of Whirlpool" on Wednesday.
We expect softer bookings due to Brexit: Norwegian CEO
Thu, 27 Apr 2017 09:17:00 +0100
Norwegian CEO Bjørn Kjos discusses earnings, adding that bookings for this summer look positive.
Sterling still vulnerable in the medium term: Strategist
Thu, 27 Apr 2017 09:12:00 +0100
Jane Foley, head of FX strategy at Rabobank, discusses how to trade sterling amid Brexit uncertainty and tactical voting campaigner Gina Miller explains why she is not standing as an MP.
UK PM May has weakened Brexit negotiating position by calling election: Gina Miller
Thu, 27 Apr 2017 08:30:00 +0100
Gina Miller, co-founder of SCM Direct, discusses U.K. Prime Minister Theresa May's political strategy in calling this June's snap election.
Deutsche Bank's earnings show that clients are returning
Thu, 27 Apr 2017 08:30:00 +0100
CNBC's Annette Weisbach reports on Deutsche Bank's latest earnings, saying that "in essence, the bank is quite optimistic."
European markets open lower; ECB meeting; Deutsche Bank, Lufthansa, Hermes to report
Thu, 27 Apr 2017 07:57:00 +0100
Markets in Europe opened lower as investors waited to hear from European Central Bank President Mario Draghi and digested fresh corporate earnings.
Deutsche Boerse to launch €200 million share buyback
Thu, 27 Apr 2017 07:57:00 +0100
Deutsche Boerse CFO Gregor Pottmeyer discusses his company's share buyback plan following a failed merger with the London Stock Exchange.
Deutsche Boerse pledges ‘targeted M&A’ with $218 million share buyback following LSE merger collapse
Thu, 27 Apr 2017 07:56:00 +0100
Deutsche Boerse's 200 million euro ($218 million) share buyback will be used to fund "organic growth and targeted mergers and acquisitions (M&A)".
Global Chelating Agents Market to reach USD 6.31 Billion by 2021: Zion Market Research
Thu, 27 Apr 2017 06:47:36 +0100

Sarasota, FL, April 27, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Chelating Agents Market by Product (Sodium Gluconate, APCA, Organophosphonate and Others) for Pulp & Paper, Household & Industrial Cleaning, Agrochemicals, Water Treatment, Chemical Processing, Consumer Products and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021". According to the report, the global chelating agents market accounted for USD 4.80 billion in 2015 and is expected to reach USD 6.31 billion by 2021, growing at a CAGR of around 4.11% between 2016 and 2021. 

Chelating agents are an organic compound which is capable of forming coordinate bonds with metals through two or more atoms of the organic compound. Chelates compounds are more stable than nonchelate of comparable composition. Chelating agents achieve this by coordinating with metal ions at a minimum of two sites.

Browse through 23 Market Tables and 25 Figures spread through 110 Pages and in-depth TOC on "Global Chelating Agents Market: By Type, Product, Applications, End-Use and Forecast, 2015 – 2021".

Request Free Sample copy of Chelating Agents Market Report @

Global chelating agent market is primarily driven by increasing growth of pulp & paper industry across the globe due to increasing demand for graphic and tissue papers. The growth of cleaning & detergent industry coupled with high demand for water treatment chemicals is expected to uphold the growth of chelating agents market in the forecast period. The increasing availability of biodegradable amino polycarboxylate products is expected to be high impact rendering factor for ...

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Airbus Q1 profit slides on weak pricing, higher costs
Thu, 27 Apr 2017 06:36:00 +0100
Europe's Airbus on Thursday posted a steeper than expected 52 percent drop in first-quarter profit.
Overall it's been a difficult environment: WPP CEO
Thu, 27 Apr 2017 06:15:00 +0100
WPP CEO Sir Martin Sorrell discusses first-quarter earnings, saying that his business is doing "reasonably well" despite a "tough environment."
A bad deal or no deal shouldn't be the only Brexit options: Gina Miller
Thu, 27 Apr 2017 06:15:00 +0100
Co-founder of SCM Direct Gina Miller discusses her 'Best for Britain' campaign for tactical voting which encourages support for candidates backing a soft Brexit.
Unexpected leasehold provision in Taylor Wimpey statement
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Gemma Acton weighs in Taylor Wimpey's statement concerning customer disputes over leases, as well as the U.K. housebuilder space more broadly.
Has Deutsche Bank fulfilled its promise to turn the business around£
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Annette Weisbach reports from Frankfurt on Deutsche Bank's first quarter results.
ECB expected to keep policy unchanged
Thu, 27 Apr 2017 06:15:00 +0100
Christel Aranda-Hassel, chief European economist at Mizuho, discusses her expectations of Thursday's European Central Bank monetary policy meeting.
Voting Sunday could spell Matteo Renzi's comeback
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Willem Marx reports from Rome on Matteo Renzi's bid to become leader of his center-left Democratic Party once again.
Renzi's PD leadership bid too early to call: Credit Suisse
Thu, 27 Apr 2017 06:15:00 +0100
Burkhard Varnholt, global deputy chief investment officer at Credit Suisse, discusses the potential for populism to once again rear its head in Europe.
Structural issues continue to keep Japanese wages low: Strategist
Thu, 27 Apr 2017 06:15:00 +0100
Jane Foley, head of FX strategy at Rabobank, discusses potential monetary policy moves from the Bank of Japan.
Sterling uncertainty could weigh on UK property market
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Gemma Acton and Jane Foley, head of FX strategy at Rabobank, discuss the U.K. housing market amid Brexit uncertainty.
O'Reilly case shows traditional and new media face similar pressures: WPP CEO
Thu, 27 Apr 2017 06:15:00 +0100
WPP CEO Sir Martin Sorrell explains how Bill O'Reilly's dismissal from Fox News shows that issues faced by traditional, linear media are not so far removed from the brand safety challenges faced by the likes of Google and Facebook.
Google has to respond to brand safety challenge: WPP CEO
Thu, 27 Apr 2017 06:15:00 +0100
WPP CEO Sir Martin Sorrell discusses the challenges of advertising via social media and technology giants such as Google and Facebook.
Samsung Electronics sees stronger earnings from chips, phones after Q1 profit jump
Thu, 27 Apr 2017 01:22:00 +0100
Strong memory chip earnings propelled tech giant Samsung Electronics to its best quarterly profit in more than 3 years.
Macau market improving but Las Vegas Sands misses on first-quarter earnings
Thu, 27 Apr 2017 01:12:00 +0100
Las Vegas Sands missed on its earnings but said it was optimistic about possible Japanese casino opportunities.
How to trade the tax cut: 6 buys
Wed, 26 Apr 2017 23:59:00 +0100
The "Fast Money" traders discuss which stocks they expect to move higher after the Trump administration releases its tax plan.
CalSTRS pares down U.S. equity exposure in market's record run
Wed, 26 Apr 2017 23:39:58 +0100
NEW YORK (Reuters) - Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money...
Your Money: Older couples ponder financial impact of divorce
Wed, 26 Apr 2017 19:37:31 +0100
NEW YORK (Reuters) - What makes couples want to split after decades of marriage£
Kevin O'Leary drops out of race to lead Canada's Conservative party
Wed, 26 Apr 2017 19:11:00 +0100
O'Leary said he can't win Quebec, so instead he will endorse candidate Maxime Bernier.
Pepsi doubles down on 'guilt-free' options in effort to boost sales
Wed, 26 Apr 2017 19:05:00 +0100
Pepsi wants to offer consumers more 'guilt-free' snack and drink options.
Read the White House memo on President Trump's proposed tax plan
Wed, 26 Apr 2017 18:55:00 +0100
Read the one-page memo from the White House on tax reform: "2017 Tax Reform for Economic Growth and American Jobs."
Trading startup Robinhood raises $110 million in new funding round
Wed, 26 Apr 2017 18:34:25 +0100
NEW YORK (Reuters) - Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner's investment group DST Global, valuing the company at $1.3...
US admiral in hot seat at hearing takes the blame for the Vinson carrier location flap
Wed, 26 Apr 2017 18:31:00 +0100
The U.S. military's Pacific Command chief Wednesday took the blame for confusion over the USS Carl Vinson's location during testimony to a House panel.
Here’s why traders are looking to cash in on casino earnings
Wed, 26 Apr 2017 17:25:00 +0100
Casino stocks are surging, and the options market is implying some big moves for two names in particular.
A student loan giant is the most complained-about financial company in America
Wed, 26 Apr 2017 16:50:00 +0100
The company formerly known as Sallie Mae was recently in the news for misleading student loan borrowers, Buzzfeed reports.
SEC working 'diligently' on plan to test lower exchange fees
Wed, 26 Apr 2017 16:36:00 +0100
Acting SEC Chairman Michael Piwowar has asked the staff of the regulator to come up with a proposal.
Volkswagen eyes options for motorbike brand Ducati: Report
Wed, 26 Apr 2017 16:13:00 +0100
Europe's largest carmaker has tasked investment banking boutique Evercore with evaluating possible options including a sale of the thoroughbred brand.
Trump has a plan to change the tax code to make himself much, much richer
Wed, 26 Apr 2017 16:02:00 +0100
Without Trump's tax returns, it's difficult to estimate the value of his own haul from federal tax reform, Vox reports.
Fiber Optics Market Size Expected to Reach $3.72 Billion by 2022: Zion Market Research
Wed, 26 Apr 2017 13:56:11 +0100

Sarasota, FL, April 26, 2017 (GLOBE NEWSWIRE) -- Zion Market Research, the market research group announced the analysis report titled "Fiber Optics Market for Telecom & Broadband, Healthcare, Defense, Private Data Networks, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022".

The study concludes that the global fiber optics market is expected to grow at a CAGR of 5.2% between 2017 and 2022. The market revenue of $2.75 billion in 2016 is expected to grow up to $3.72 billion by 2021.

Fiber optics is mainly used for digital transmission of data and is increasingly being used in place of metal wires due to its efficiency and high transmission capacity. Fiber optic cables provide an effective transmission as they are less affected by internal and external interferences. The transmission can be done by single and multi-mode fiber depending on the communication requirements. Fiber optics support remote sensing technique which allows data transmission without any physical medium. This technique helps to communicate with even remote and inaccessible regions.

Browse through 8 Market Tables and 17 Figures spread through 110 Pages and in-depth TOC on "Global Fiber Optics Market: Type, Application, Size, Share, Statistics, Outlook, Analysis, Segment and Forecast 2016 – 2022".

Request Free Sample copy of Fiber Optics Market Report @

The growth of the fiber optics market is mainly driven by increasing awareness about data security concerns and use of the ...

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Mixed Earnings News May Lead To Flat Open On Wall Street
Wed, 26 Apr 2017 13:30:24 +0100
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the strong upward move seen over the two previous sessions. A lack of major U.S. economic data may keep traders on the sidelines as traders digest a mixed batch of quarterly results.
For $425, you can have your own designer pair of mud-covered jeans
Wed, 26 Apr 2017 12:11:00 +0100
On Nordstrom's website you can now buy your own pair of mud-covered jeans. No work in the dirt is required.
Economic Data Scheduled For Wednesday
Wed, 26 Apr 2017 09:42:05 +0100
  • The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 ...

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Q&A: Hedge fund executive Simon Lorne talks Trump, Brexit and 'Billions'
Wed, 26 Apr 2017 09:40:56 +0100
NEW YORK (Reuters) - Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant...
Skeptical UK PM May will increase majority in line with current polls: EIU
Wed, 26 Apr 2017 08:40:00 +0100
Robin Bew, CEO at The Economist Intelligence Unit, explains why he expects turnout to be low in the U.K.'s upcoming general election in June.
ADGM chairman on the influence of Saudi Arabia on the economy
Wed, 26 Apr 2017 08:40:00 +0100
Ahmed Ali Al Sayegh, Abu Dhabi Global Markets (ADGM) chairman, discusses how proximity to Saudi Arabia and the low oil price can benefit his economy.
We've had our best quarter ever: Metro Bank Chairman
Wed, 26 Apr 2017 08:22:00 +0100
Vernon Hill, founder and chairman of Metro Bank, says that his company is "a complete reinvention of the way banking is delivered in Britain."
How AI could transform the investment industry
Wed, 26 Apr 2017 08:05:00 +0100
David Miller, executive director at Quilter Cheviot, and Robin Bew, CEO at The Economist Intelligence Unit, discuss how artificial intelligence could disrupt the financial sector.
Why this investor advocates buying on the dip
Wed, 26 Apr 2017 08:05:00 +0100
David Miller, executive director at Quilter Cheviot, and Robin Bew, CEO at The Economist Intelligence Unit, discuss investment strategies.
Millennials start saving for retirement at 26: HSBC
Wed, 26 Apr 2017 08:03:00 +0100
Jonathan Nabrotzky, global head of wealth sales and distribution at HSBC, discusses pensions and working into retirement.
French presidential first vote has made clients more confident: Credit Suisse CEO
Wed, 26 Apr 2017 07:54:00 +0100
Credit Suisse CEO Tidjane Thiam speaks about the result of the first round of voting in the French presidential election.
European markets open lower; Trump tax; Peugeot, Daimler, Tullow Oil reporting
Wed, 26 Apr 2017 07:44:00 +0100
European bourses opened slightly lower as investors focused on earnings, monetary policy and a tax announcement in the U.S.
‘Diversification is not a luxury’: Abu Dhabi eyes financial services to stem oil price pressure
Wed, 26 Apr 2017 06:43:00 +0100
Abu Dhabi has set its sights on developing a booming financial services sector in a continued push to diversify the UAE's oil-dependent economy.
Hope to be a gateway to the world: Abu Dhabi Global Markets chairman
Wed, 26 Apr 2017 06:21:00 +0100
Ahmed Ali Al Sayegh, Abu Dhabi Global Markets (ADGM) chairman, explains how a lower oil price has helped ADGM flourish.
Trump can't afford 15 percent corporate tax rate in the long run: EIU
Wed, 26 Apr 2017 06:21:00 +0100
Robin Bew, CEO of The Economist Intelligence Unit, speaks about the economic impact of U.S. President Donald Trump's proposed tax cuts.
We are awaiting equity market correction: Pro
Wed, 26 Apr 2017 06:21:00 +0100
Eric Vanraes, portfolio manager at EI Sturdza Investment Funds, discusses markets now that the Trump trade is fading.
Macron did good things for French tech as minister: Dassault-Systèmes CEO
Wed, 26 Apr 2017 06:21:00 +0100
Dassault-Systèmes CEO Bernard Charlès discusses earnings, saying that "visibility is strong," as well as Emmanuel Macron's potential to be the next French president.
Market turned attention to Macron's need for majority in French parliament: EIU
Wed, 26 Apr 2017 06:21:00 +0100
Robin Bew, CEO of The Economist Intelligence Unit, discusses the prospects of centrist French presidential hopeful Emmanuel Macron.
Wynn Resorts board gives nod for $1.5 billion lagoon-theme park in Las Vegas, stock pops 4% on earnings beat
Wed, 26 Apr 2017 02:52:00 +0100
Wynn Resorts plans to start construction as early as December on its $1.5 billion Paradise Park, a waterfront development in Las Vegas, it revealed Tuesday
US military reportedly begins moving THAAD missile defense system into South Korea site
Tue, 25 Apr 2017 22:41:00 +0100
The United States and South Korea have agreed to deploy THAAD in response to threat of missile launches by North Korea.
Over 50 and want to boost your brain health£ Do this one thing
Tue, 25 Apr 2017 21:28:00 +0100
Doing this one thing can lead to improvements in cognitive abilities, regardless of your current brain health, David Oliver writes in US News & World Report.
SEC To Review Decision Denying Bitcoin Market Listing
Tue, 25 Apr 2017 20:03:42 +0100

The U.S. Securities and Exchange Commission will reconsider a request to list what could be first U.S. exchange-traded fund designed to track bitcoin, the so-called cryptocurrency, Reuters reported.

Bitcoin Price Soars

The price of one bitcoin (1 BTC) was up 22.2 percent to $1,281.79.

The SEC in March initially derailed an attempt by investors Cameron and Tyler Winklevoss to let it bring the Bitcoin ETF to market. CBOE Holdings Inc's Bats BZX Exchange, Inc. exchange had applied ...

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Bill To Gut Consumer Financial Protection Bureau Heads To House Committee
Tue, 25 Apr 2017 19:09:03 +0100

If you’re among the 29 million consumers who got back a portion of the $11.8 billion in bad billings by your credit card company or lender, you’re probably happy that a thing called the Consumer Financial Protection Bureau was created by former President Barack Obama nearly six years ago.

If you’re a Republican member of Congress caught up in the anti-regulatory fervor fomented by President Donald Trump, there are likely few things you hate more.

“For conducting unlawful activities, abusing his authority, denying market participants due process, Richard Cordray should be dismissed by our president,” U.S. Rep. Jeb Hensarling, (R–Texas) snarled at the director of the bureau, who was summoned to Capitol Hill earlier this month to justify his existence.

“Not only must Mr. Cordray go, but this CFPB must go as well.”

If you’re Hensarling, hundreds of thousands of dollars in campaign contributions from the financial services sector might have something to do with your mood.

If you’re Cordray, being hated is just part of the job. Even Trump’s team joined a lawsuit seeking to give the president the authority to fire Cordray before ...

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The US economy Appears To Be Getting More Sluggish Than Expected
Tue, 25 Apr 2017 18:18:32 +0100

Since Trump won the US presidential election, the US economy has been upbeat with hopes of high economic growth; but the trend is slowing down. Trump came into power with the promise to make America great again, and his proposed trade policy changes resonated well with the business community across the US. However, going by the recently released economic data, these positive sentiments within the economy have not been translated into actual economic growth for the short period President Trump has been in the Oval Office. Analysts at Lionexo attribute much of this sluggish economic growth experienced in the first quarter of 2017 to uncertainty surrounding potential policy changes by the Trump administration that are still under review.

Lower Job Creation Numbers

According to the March jobs report, the US added only 98,000 new jobs to the nonfarm payrolls. This is considered a very poor performance, considering most analysts had predicted 180,000 new jobs for March. The 98,000 new jobs created in March were a far cry from the revised number for February of 219,000. The March jobs report was not all bad though, with statistics showing that unemployment rate in the US plunged to 4.5 percent, the lowest level since the 2007/2008 global ...

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Trump Administration Expected To Propose 15% Corporate Tax Rate
Tue, 25 Apr 2017 16:50:45 +0100

A proposed 15 percent corporate tax rate widely expected to be rolled out Wednesday by the White House is a case of talk translating to action, according to RSM US LLP Chief Economist Joe Brusuelas.

A reduction of the corporate tax rate from 35 to 15 percent is the linchpin of President Donald Trump’s coming tax reform package, according to multiple newspaper reports.

RSM’s Brusuelas predicts the proposal will have “zero impact” on fixed-income markets.

“What it’s meant to do from the White House is to bolster [investor confidence], especially in equity markets, that there are tax cuts coming,” Brusuelas told Benzinga Tuesday. “There’s an imbalance right now in the economy between corporate and consumer expectations and hard data.”

If Trump doesn’t follow through on tax ...

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Why Trump's plan for corporate taxes is a 'magic unicorn'
Tue, 25 Apr 2017 15:46:00 +0100
A 15 percent corporate tax rate looks to be a non-starter on Capitol Hill.
March new home sales beat expectations, rise to 8-month high
Tue, 25 Apr 2017 15:24:00 +0100
Economists polled by Thomson Reuters expected new home sales of 590,000 units in March, down 0.5 percent from last month's figure of 592,000.
Consumer confidence dips in April, missing estimates
Tue, 25 Apr 2017 15:22:00 +0100
The index last climbed to 125.6 in March, according to monthly data from The Conference Board.
The industry that opposed Trump the most has performed best in his first 100 days
Tue, 25 Apr 2017 14:41:00 +0100
Tech shares have risen more than banks, utilities, health firms, energy companies or consumer brands.
What would a government shutdown mean for you£
Tue, 25 Apr 2017 14:01:00 +0100
Here's what services would continue if the government fails to pass a new spending bill by Friday, USA Today reports.
Moving on up! US home prices climb at fastest pace in nearly 3 years
Tue, 25 Apr 2017 14:01:00 +0100
The index, which measures all nine U.S. census divisions, found that nationwide home prices rose 5.8 percent year-over-year in February.
Upbeat Earnings News May Lead To Strength On Wall Street
Tue, 25 Apr 2017 13:55:43 +0100
The major U.S. index futures are pointing to a sharply higher opening on Tuesday, with stocks poised to add to the strong gains posted in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from a number of well known companies, including DuPont (DD), Caterpillar (CAT) and McDonald's (MCD).
Here's why Trump appears OK with a higher near-term deficit, according to Commerce's Wilbur Ross
Tue, 25 Apr 2017 13:45:00 +0100
It appears President Trump would be open to "a little higher near-term deficit out of which we can grow," the Commerce secretary says.
The important things are more expensive than they were 10 years ago
Tue, 25 Apr 2017 13:45:00 +0100
Comparative prices have risen significantly in the past decade.
Your Survival Guide To This Week's Potential Government Shutdown
Tue, 25 Apr 2017 13:32:39 +0100

With a partial government shutdown on the line, Congress and the White House aim to work out kinks in the spending bill before the continuing resolution expires April 29.

Weighing critical negotiations surrounding the Mexican border wall, military funding and Cost-Sharing Reduction payments, Height Securities posted 25-percent odds of a shutdown prior to May 5 and less than 20 percent odds of a shutdown this weekend.

“Considering House members do not even return to DC until Tuesday afternoon and the number of procedural hurdles to jump over in the Senate, it seems all but assured a weeklong CR extension will pass prior to Friday,” Height analysts Peter Cohn and Stefanie Miller wrote in a Monday note.

What’s The Hold Up£

At this point, the CSR payments appear guaranteed, but President Donald Trump has intimated his willingness to withhold them if his demands surrounding the border wall and military spending are unmet.

Trump proposed a $1.4 billion–$3 billion budget for the wall and $30 billion for defense. ...

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Trump puts Canada on trade notice with a warning on dairy farming and a new tariff on lumber
Tue, 25 Apr 2017 13:12:00 +0100
The Lumber tariff shows how serious Trump is about enforcing trade rules, Commerce Secretary Wilbur Ross tells CNBC.
Why the partisan divide over the outlook for the economy worries Ben Bernanke
Tue, 25 Apr 2017 11:04:00 +0100
Republicans think the economy is surging. Democrats think a recession is imminent. When economics become politicized, it leads to bad policy.
Economic Data Scheduled For Tuesday
Tue, 25 Apr 2017 10:13:27 +0100
  • The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
  • The FHFA house price index for April will be released at 9:00 a.m. ET.
  • The S&P Corelogic Case-Shiller home price ...

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By 2022, U.S Pet Food Market will hit $30.01 billion, with CAGR 3.36%: Zion Market Research
Tue, 25 Apr 2017 08:09:33 +0100

Sarasota, FL, April 25, 2017 (GLOBE NEWSWIRE) -- Zion Market Research, the market research group announced the analysis report titled "Pet Food Market (Wet Food, Dry Food, Nutrition, Snacks and Others) for Cats, Dogs, and Other Animals: U.S Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022".

The study concludes that the U.S pet food market is expected to grow at a CAGR of 3.36% between 2017 and 2022. The market revenue of $24.60 billion in 2016 is expected to grow up to $30.01 billion by 2022

Pet food is convenient to use and is extremely loved by the pets owing to great taste and huge meat content. Pet food is available in various forms such as dry, wet, snacks and nutritious which offers variety for the pet owners. Typically sold in pet stores and supermarkets, it is usually specific to the type of animals, such as dog food or cat food. Most meat used for nonhuman animals is a byproduct of the human food industry.

Browse through 5 Market Tables and 15 Figures spread through 110 Pages and in-depth TOC on "U.S. Pet Food Market: By Type, Brands, Products, Statistics, Companies, Size, Share, Industry Segments and Forecast, 2016-2022".

Request Free Sample copy of Pet Food Market Report @

The sharp rise in pet humanization and concerns along with increasing disposable income is expected to fuel the growth of the pet food market in near future. Reluctance for daily cooking in the majority of the U.S populace is likely to urge the market growth in coming years. Availability of different pet food products in the market may impel the growth of the market in the forecast period. Growing ...

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Kara Swisher On Jack Ma's Warnings: Even High Paying Jobs Aren't Immune To Robotics
Mon, 24 Apr 2017 18:44:23 +0100

Alibaba Group Holding Ltd (NYSE: BABA)'s chairman Jack Ma came out with a dire warning to society. During a speech to entrepreneurs, he said the rise of robotics and artificial intelligence technologies will create "much more pain than happiness" over the next three decades.

Speaking as a guest on CNBC's "Squawk Alley" segment Monday, Recode's Kara Swisher reinforced the importance of keeping the conversation ongoing surrounding artificial intelligence and automation. Meanwhile, the conversation isn't being discussed — at least not at the federal level.

Keeping The Conversation Open

Swisher noted that the Trump administration ...

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Futures Pointing To Higher Open On Wall Street
Mon, 24 Apr 2017 14:55:42 +0100
The major U.S. index futures are pointing to a higher opening on Monday following the lackluster performance seen last Friday. The upward momentum comes as traders digest the results of the first round of voting in the French presidential election.
Endoscopy Devices Market will exceed $41,813.42 million by 2021: Zion Market Research
Mon, 24 Apr 2017 14:21:08 +0100

Sarasota, FL, April 24, 2017 (GLOBE NEWSWIRE) -- Zion Market Research, the market research group announced the analysis report titled "Endoscopy Devices Market (Endoscopes, Visualization Systems and Operative Devices) for Gastrointestinal Surgeries, Urology/Gynecology Surgeries, ENT Surgeries, Cardiovascular Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries and Arthroscopy Surgeries Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021".

The study concludes that the global endoscopy devices market is expected to grow at a CAGR of 6.12% between 2016 and 2021. The market revenue of $29,591.27 million in 2015 is expected to grow up to $541,813.42 million by 2021

Consistent technological advancements have added new-fangled products to the endoscopy devices market. Current endoscopes also referred as video scopes, give enhanced image quality and are more durable compared to conventional fiber optic endoscopes. Endoscopy makes it possible to detect and analyze problems within patient's body without making any large incisions. This technology is a great example of the technological advancement in the medical field. Because modern endoscopy has relatively few risks, delivers detailed images, and is quick to carry out, it has proven incredibly useful in many areas of medicine.

Browse through 29 Market Tables and 38 Figures spread through 110 Pages and in-depth TOC on "Global Endoscopy Devices Market - By Device Type, Products, Applications, Industry Size, Share, Trends, Companies, and Forecast 2015-2021".

Request Free Sample copy of Endoscopy Devices Market Report @

There were only two types of endoscopes in the market such as flexible and rigid endoscopes. With the increase in demand for ground-breaking technologies, newer versions of endoscopes are gaining traction including capsule and robot-assisted endoscopes. Different operative devices in the endoscopy ...

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How Family Office Manager Julio Gonzalez Is Helping Keep Jobs In The U.S. Using Tax Engineering
Mon, 24 Apr 2017 14:13:08 +0100

Benzinga recently was at the Nasdaq Marketsite and had the chance to chat with Julio Gonzalez, CEO and CIO of the Gonzalez Family Office, CEO of Engineered Tax Services and Official Member of the Forbes Finance Council. Check out how he got rich by helping keep jobs and, ultimately, grow GDP in the United States below.

Meet Julio

Gonzalez basically built his family’s wealth from scratch. About 15 years ago, he started a company, Engineered Tax Services. Over time, ETS became the largest specialty tax firm in the United States, generating hundreds of millions of dollars in tax benefits for clients like Toyota Motor Corp (ADR) (NYSE: TM), Marriott International Inc (NASDAQ: MAR), Dollar Tree, Inc. (NASDAQ: DLTR), Costco Wholesale Corporation (NASDAQ: COST) and Honda Motor Co Ltd (ADR) (NYSE: HMC) every month.

ETS focuses on the real estate and manufacturing areas, mostly. “In real estate, we use engineers to help assess energy efficient buildings and help with depreciation of buildings. So, a big part of what we do is engineering-based tax work,” Gonzalez voiced.

“Our other big area is in manufacturing. As scientists and engineers, we quantify the labor and supply cost that goes into manufacturing a product in the United States. From that, we generate a calculation for the credits that are refundable to these companies. These are research and development tax credits, which are ...

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Black Knight Home Price Index Report: U.S. Home Prices Hit New Peak in February, Rising 0.8 Percent for the Month, Up 5.7 Percent Year-Over-Year
Mon, 24 Apr 2017 14:00:00 +0100
  • At $268K, the national-level HPI hit a new post-crisis peak in February, marking a 1.0 percent gain in home prices since the start of the year
  • Washington led all states in monthly appreciation, with home prices there rising 2.2 percent, followed by Colorado and Oregon with 1.6 and 1.5 percent growth, respectively
  • Seattle's 2.7 percent monthly appreciation was the most of any metropolitan area; San Jose, Calif., Denver, Colo., and Bellingham, Wash., also saw monthly price gains of two percent or higher
  • In addition to securing the top spots on both the best-performing state and metropolitan area lists this month, Washington also accounted for six of the 10 best-performing metros in the country
  • For the third consecutive month, Tuscaloosa, Ala., was once again the worst-performing metropolitan area, with prices falling 4.7 percent in February – more than eight times the decline of the next worst-performing metro
  • Home prices in six of the nation's 20 largest states and 14 of the 40 largest metros hit new peaks in February

JACKSONVILLE, Fla., April 24, 2017 (GLOBE NEWSWIRE) -- Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS) released its latest Home Price Index (HPI) report, based on February 2017 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both disclosure and non-disclosure states. Non-disclosure states do not include property sales price information as part of their publicly available county recorder data. Black Knight is able to obtain the sales price information for these states by combining and matching records across its unique data assets. 

Each month, the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted. 

For a more in-depth review of this month's home price trends, including detailed looks at average home prices in the 20 largest states and 40 largest metros, please download the full Black Knight HPI Report at

United States HPI:   $268K
Change from Last Month:   0.8%  
Change from Last Year:

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Trump suddenly finds himself needing the Fed he once loathed
Mon, 24 Apr 2017 13:26:00 +0100
Trump's relationship with the Fed is, to put it mildly, evolving.
US gas prices rise 3 cents over 2 weeks, to $2.46 a gallon
Mon, 24 Apr 2017 13:23:00 +0100
Industry analyst Trilby Lundberg of the Lundberg Survey said consumers could see price increases slow as crude oil costs drop.
Survey of economists finds optimism about growth prospects
Mon, 24 Apr 2017 13:13:00 +0100
Business economists are generally optimistic about the U.S. economy with most expecting stronger growth than last year's poor performance.
A Nifty Alternative Among Bond ETFs
Fri, 21 Apr 2017 16:17:28 +0100

Interest rates are expected to continue rising in the United States with many market observers believing the Federal Reserve will follow up its March interest rate increase with one or two more rate hikes later this year. However, income investors are still looking for yield beyond U.S. government debt.

Plenty of fixed income exchange-traded funds can help investors with that objective, including the iShares U.S. Credit Bond ETF (NYSE: CRED). Often overlooked in the investment-grade corporate bond ETF conversation, CRED is neither young nor small. CRED turned 10 years old in January and has over $1.3 billion in assets under management.

Crooning Over CRED

CRED follows the Bloomberg Barclays U.S. Credit Bond Index, which is “composed of U.S. dollar-denominated, investment-grade corporate, sovereign, supranational, local authority and non-U.S. agency ...

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Strong Quarterly Results, Tax Reform Talk Provides Lift Ahead Of French Vote
Fri, 21 Apr 2017 15:14:32 +0100

After stumbling through much of March and early April seeking a positive catalyst, the stock market seems to have found one: Strong earnings.

The latest companies to exceed Wall Street analysts’ expectations were Visa Inc (NYSE: V) and General Electric Company (NYSE: GE), both of which posted gains in futures trading. The entire market seems to be getting a lift not only from earnings, but also from technical buying and from Treasury Secretary Steven Mnuchin saying the administration is going to release a tax reform plan, “very soon,” according to media reports.  

Anxiety over the French vote this weekend could put a cap on any rallies, however, as many investors might shy away from taking on big positions ahead of this potential market-moving event.

From a technical standpoint, the S&P 500 (SPX) engineered a close Thursday just a notch above what had been key resistance at 2355, near the 50-day moving average. The push through that level could be seen as a bullish development for those who watch technical indicators. Sometimes this sort of price movement can draw new buying interest.

Visa’s results late Thursday came after American Express Company (NYSE: AXP) reported a strong quarter.

The upbeat earnings from two credit card companies within 24 hours of each other may buttress thoughts that consumer confidence could indeed be translating into more consumer buying, something that hasn’t been so evident from recent government economic data.

It’s always good to listen to what ...

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3 Months In: Where The Trump Administration Now Stands On Economic Issues
Fri, 21 Apr 2017 14:05:43 +0100

President Donald Trump seemed to waver last week on a couple of key official economic positions. Nonetheless, he maintained optimism that any remaining campaign promises will materialize.

And the position that the media would unfairly cover his accomplisments.

Five months after those promises secured victory, here’s a look at where the Administration now stands on various economic issues.

Border-Adjustment Tax

In an interview with Fox Business News, Trump seemed disinclined to embrace the border-adjustment tax championed by House Republicans and central to their tax reform plan.

Displeased with the term “adjustment” for its connotation of compromise and weakness, the president instead advocated for a “reciprocal tax” or “import tax.”

"There has to be a certain reciprocal ...

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Upbeat Earnings News May Generate Continued Buying Interest
Fri, 21 Apr 2017 13:40:40 +0100
The major U.S. index futures are pointing to a slightly higher opening on Friday following the rally seen in the previous session. Early buying interest may be generated in reaction to the latest earnings news, including results from conglomerates General Electric (GE) and Honeywell (HON).
IMF's Lagarde: Far-right win in France would cause 'major disorder'
Thu, 20 Apr 2017 16:16:00 +0100
The IMFchief also says U.S. tax reform can benefit both the domestic and global economy if it is tailored correctly.
Ex-Fed Chairman Greenspan: Get rid of Dodd-Frank and watch economy and stocks soar
Thu, 20 Apr 2017 15:19:00 +0100
"If you get rid of Dodd-Frank, it's going to have a very significant positive impact," Alan Greenspan tells CNBC.
Weekly jobless claims rise, while continuing claims hit 17-year low
Thu, 20 Apr 2017 14:36:00 +0100
First-time claims for state unemployment benefits were expected to total 242,000 in the most recent week, up from the 234,000 claims reported for the previous week.
Clinton Treasury Secretary Rubin: Trump goal of over 3% economic growth is a 'long stretch'
Thu, 20 Apr 2017 14:04:00 +0100
Tax reform would provide "some stimulus" to get growth to about 2½ percent, Bill Clinton's Treasury secretary says.
Dow May Look To Reverse Recent Downward Trend
Thu, 20 Apr 2017 13:52:35 +0100
The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session. Traders may look to pick up stocks at reduced levels following the recent downward trend by the Dow, which ended the previous session at its lowest closing level in two months.
Fed's Powell says parts of too-big-to-fail rules 'unnecessarily burdensome' and may not be needed at all
Thu, 20 Apr 2017 13:35:00 +0100
Powell said parts of too-big-to-fail regulations were "inappropriately applied to small and medium-sized" banks.
Fed should shed bonds soon, keep hiking rates: Rosengren
Wed, 19 Apr 2017 17:43:00 +0100
The Fed should begin shedding its bond holdings soon, Rosengren said
Futures Pointing To Early Strength On Wall Street
Wed, 19 Apr 2017 13:37:41 +0100
The major U.S. index futures are pointing to a higher opening on Wednesday after ending the previous session modestly lower. After disappointing earnings news from Goldman Sachs (GS) weighed on the markets on Tuesday, the markets may benefit from upbeat news from Morgan Stanley (MS).
Mortgage applications drop 1.8%, despite lowest interest rates since November
Wed, 19 Apr 2017 12:00:00 +0100
Fewer homebuyers jumped into the mortgage market last week even though interest rates hit their lowest levels since November.
Earnings Ramp Up, But International Uncertainty Signals Caution
Tue, 18 Apr 2017 17:39:54 +0100

The market snapped its three-day losing streak Monday in a very convincing manner, but Tuesday opened with caution still the watchword.

Yesterday’s financial-led rally ran into today’s earnings from Bank of America Corp (NYSE: BAC) and Goldman Sachs Group Inc (NYSE: GS), which look like a mixed bag. Futures trading pointed to a possible lower open across the board.

From a broad standpoint, the market continues to give off cautionary signs, including five-month highs in gold, a continued rally in bonds, a drop in oil prices, and another move upward in the volatility index. European and Asian stocks were mostly lower. Geopolitical and policy news could continue to take the forefront in coming days even as earnings keep pouring in.

BAC delivered earnings that exceeded Wall Street’s expectations for both top- and bottom lines. Trading revenue, a closely watched metric, came in strong. But GS disappointed, failing to meet expectations on either earnings per share or revenue. And its trading results in the quarter looked flat to lower. Shares of GS fell in pre-market trading. It was a little surprising to see GS fall short of expectations on equity trading revenue, because other banks did well in that category and it tends to be GS’s strength.

The mixed earnings from BAC and GS came after Monday’s hefty financial rally, in which the sector jumped 1.6% to easily take the checkered flag among all sectors for the day. JPMorgan Chase & Co. (NYSE: JPM) and Citigroup Inc (NYSE: C) — both of which reported strong earnings last Thursday before the holiday weekend — were two of sector’s leading performers, but the whole sector benefited in part from their tailwind and also from a slight recovery in 10-year Treasury yields.

Keep in mind, however, that ...

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Fed official backs bond pairing this year
Tue, 18 Apr 2017 14:32:00 +0100
Kansas City Fed President Esther George warns against waiting too long to "overheat" labor markets.
Industrial production climbed in March as manufacturing output dropped unexpectedly
Tue, 18 Apr 2017 14:15:00 +0100
The Federal Reserve announced Tuesday industrial production and capacity utilization for the month of March.
Geopolitical Concerns May Lead To Pullback On Wall Street
Tue, 18 Apr 2017 13:53:31 +0100
The major U.S. index futures are pointing to a lower opening on Tuesday following the rally seen in the previous session. Geopolitical concerns may weigh on the markets amid rising tensions with North Korea and uncertainty about the French presidential election.
US housing starts fall in March, permits rise
Tue, 18 Apr 2017 13:31:00 +0100
U.S. homebuilding fell as the construction of single-family homes in the Midwest recorded its biggest decline in three years, likely reflecting bad weather.
The Business Of (Literally) Making Money: The Private Model
Mon, 17 Apr 2017 19:42:53 +0100

The Royal Canadian Mint (TSE: MNT) (TSE: MNS) is in the business of making money. Literally.

The publicly traded company, which operates as a Crown corporation under the nation’s Royal Canadian Mint Act, produces and distributes domestic and international circulation coins.

And unlike the government-run mint supplying Canada’s southern neighbor, this business relies on no taxpayer funding.

“We are profit-based as an organization and mandated to operate that way,” said Alex Reeves, senior adviser of external communications for the Royal Canadian Mint.

Employee compensation, equipment purchases, research and development — it’s all funded by revenue. That means the inherent value of Canadian denominations isn’t just based on operational costs, but also the company profit margin.

A Profitable Business

The challenge of the mint, then, is to produce cheap enough coins to sell below assigned value while still generating profit.

“We have ensured that the cost of producing a circulation coin is always below its face value,” Reeves said.

But occasionally the company, at the mercy of the metal market, ...

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Canada Leads All G-7 Countries In Growth... For Now
Mon, 17 Apr 2017 19:07:26 +0100

The fastest growing country among the G-7 group is none other than the United States neighbor to the north: Canada.

According to a Bloomberg report, Canada's central bank's latest estimates show that the country grew at an annualized pace of nearly 4 percent in the first quarter of 2017. In fact, this strong pace of growth is unseen among the remaining six countries, which make up the G-7 group.

The Bank of Canada also projected that the country will end 2017 with a growth rate of 2.6 percent. ...

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Homes this spring are selling faster than ever
Thu, 13 Apr 2017 16:54:00 +0100
Home sales jumped nearly 9 percent in March compared with March 2016, as the number of homes for sale plunged 13 percent.
Trump Comments On Dollar May Weigh On Wall Street
Thu, 13 Apr 2017 14:12:25 +0100
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks poised to extend the drop seen over the two previous sessions. The downward momentum for the markets comes as the U.S. dollar has come under pressure following remarks by President Donald Trump.
Jobless claims show labor market remains strong despite a sharp slowdown in growth in March
Thu, 13 Apr 2017 13:31:00 +0100
The number of Americans filing for benefits fell last week, suggesting the labor market remains strong despite a sharp slowdown in job growth in March.
US producer prices post first drop in seven months
Thu, 13 Apr 2017 13:30:00 +0100
The U.S. Producer Price Index was expected to be unchanged in March, after rising 0.3 percent a month earlier.
Trump's budget director on what's on, and off, the table for cuts
Wed, 12 Apr 2017 20:47:00 +0100
Mick Mulvaney sat down over beers to discuss challenges facing him and the administration.
Fed's Kaplan says balance sheet plans won't shift rate hike path
Wed, 12 Apr 2017 17:17:00 +0100
The central bank's plans to begin trimming its $4.5 trillion balance sheet as soon as this year do not alter his view of the appropriate rate hike path.
Renters are staying put. Here's why
Wed, 12 Apr 2017 16:54:00 +0100
Some renters are staying where they are by necessity and some by choice — it depends on who is asking them.
Blue states would benefit most from Republican tax plan, study says
Wed, 12 Apr 2017 16:45:00 +0100
States that voted against President Trump are likely to benefit more from a GOP tax plan, according to a new analysis.
Stocks May Show A Lack Of Direction Amid Geopolitical Uncertainty
Wed, 12 Apr 2017 14:00:05 +0100
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the modest weakness seen in the previous session. Traders may be reluctant to make significant moves amid lingering geopolitical uncertainty as Secretary of State Rex Tillerson meets with Russian Foreign Minister Sergey Lavrov.
Keeping An Eye On World Affairs As Congress Departs And Earnings Loom
Tue, 11 Apr 2017 15:40:42 +0100

The market is on the cusp of earnings season, but geopolitics continues to be front and center. After mixed action overseas, stock futures pointed to a possible lower open Tuesday.

Concerns about Syria and North Korea could keep investors on their toes before earnings really start to hit on Thursday with three big banks reporting. The French election on April 23 is also getting closer. Meanwhile, so-called “safe haven” investments like gold and bonds continue to trade near recent highs, and volatility is up. VIX — a popular measure of market volatility —climbed above 14 early Tuesday, from below 12 earlier this month.

Crude oil prices cooled off a little early Tuesday, but crude is up sharply from last month’s lows and has closed higher five days in a row. Oil had been a bit of a headwind for the market when it was down last month, but now could be acting as a bit of a tailwind.

Crude gave energy shares a boost Monday, with that sector leading the market but still down pretty sharply year to date. Real estate was the other big positive mover on Monday, and that sector has been on a bit of a roll lately, possibly due to relative flatness in mortgage rates and strong housing data. Mortgage rates remain up pretty substantially year over year, but have fallen from highs posted in mid-March.

Overall, Monday saw a nice little ...

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Choppy Trading May Remain Visible On Wall Street
Tue, 11 Apr 2017 14:03:09 +0100
The major U.S. index futures are pointing to a roughly flat opening on Tuesday following the lackluster performance seen in the previous session. A lack of major U.S. economic data may keep traders on the sidelines ahead of the upcoming Good Friday holiday on Friday.
Janet Yellen Argues For Fed Independence, Continued Interest Rate Hikes In University Of Michigan Appearance
Mon, 10 Apr 2017 23:51:56 +0100

Federal Reserve Chair Janet Yellen speaks during an appearance at the University of Michigan on Monday. "Our independence is under some threat," Yellen says of the Fed. Photos by Dustin Blitchok.

With a president in office eager to roll back financial regulations, Federal Reserve Chair Janet Yellen spoke in favor of safeguards in the banking system — and the Fed’s independence — in remarks at the University of Michigan on Monday.

Financial regulations instituted in the wake of the recession, such as higher capital requirements and annual stress tests for banks, have left the United States with a “safer and sounder” financial system, Yellen said. Since the financial crisis and the passage of Dodd-Frank banking rules, banks have been forced to hold more, higher-quality capital, operate with more liquidity and have become less reliant on “volatile” short-term funding, Yellen said. Arguments that regulations have stifled lending aren’t supported by objective data, Yellen said during Monday’s conversation with Susan M. Collins, the dean of the Gerald R. Ford School of Public Policy. Yellen also took questions from the audience and Twitter.

“Lending has grown in a very healthy way as the economy has recovered, and I think what we see are stronger banks that are better capitalized and in a better position to lend.”

‘Our Independence Is Under Some Threat’

The Federal Reserve system was designed to promote independence, Yellen said in Ann Arbor — something that pending legislation ...

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Leveraged Bank ETFs Step Into Earnings Spotlight
Mon, 10 Apr 2017 19:05:10 +0100

The first-quarter earnings season starts in earnest this week with the quarterly deluge of profit reports from big banks headlining the Easter holiday week's earnings slate.

Short-term events such as earnings reports make ideal opportunities to use leveraged exchange-traded funds. Using leveraged ETFs necessitates knowing the risks associated with them. Leveraged ETFs are designed to amplify returns on a daily basis, but these products can deviate in a big way from their stated objectives over longer holding periods.

Leveraged ETFs FAZ And FAS

Traders looking to profit from moves in bank stocks this week and this earnings season have some familiar names to turn to, namely the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) ETFs.

FAS, the bullish member of that duo, is designed to deliver triple the daily returns of the Russell 1000 Financial Services Index (RGUSFLA). FAZ attempts ...

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Low Payroll Growth And High Global Tension Raises Concerns Ahead of Earnings
Mon, 10 Apr 2017 17:12:01 +0100

Leaving aside concerns about international relations, attention this coming week could remain on Friday’s anemic jobs report as investors try to figure out what happened. Earnings season also steps into the spotlight, with several big banks reporting this Thursday.

One thing seems very clear from the payrolls report, which showed total job growth of just 98,000: The retail sector is under pressure, losing 30,000 jobs for the second consecutive month. Retail stores are trying to figure out the proper balance between brick-and-mortar and online sales, and so far it’s been a struggle. Taking the retail number out, it's not quite as bad a jobs report as it might seem at first glance. The mining sector, for example, saw 11,000 new jobs in March. Perhaps that’s a sign that mining bottomed out last fall and may be benefiting from the new administration’s coal-friendly policies.

That said, the overall report wasn’t particularly good. It’s possible some of the powerful job growth in January and February simply ate into demand for new workers in March. Also, weather around some heavily populated parts of the country was snowy and cold during the month, which sometimes depresses hiring. Perhaps the April report might show some sort of recovery if the weather starts to be more spring-like.

One rather surprising takeaway from the report was the very light gain in construction jobs, a category that had been growing well. However, thinking this through, one of the reasons that this might have happened is many of these workers were hired in the previous two months, as unseasonably warm weather in much of the country helped in those surprising gains. The housing market seems to be chugging along nicely, and the ADP private sector jobs numbers for March showed big gains in construction employment.

Another takeaway that got less notice amid concern about the jobs number was wage growth, which was decent at 0.2%, but ...

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Futures Pointing To Roughly Flat Open On Wall Street
Mon, 10 Apr 2017 13:55:29 +0100
The major U.S. index futures are pointing to a roughly flat opening on Monday, as traders may be reluctant to make any significant moves. Ahead of the Good Friday holiday, traders may stick to the sidelines early on amid a relatively quiet day on the U.S. economic front.
Rising U.S. Rates Will Hurt The Canadian Dollar This Year
Fri, 07 Apr 2017 18:47:06 +0100

The Federal Reserve is expected to continue boosting interest rates throughout the remainder of 2017, and doing so is likely to hurt the Canadian dollar.

According to a Bloomberg report, the Bank of Canada isn't expected to match the Fed's rate hikes this year which will put pressure on the "loonie." It isn't so much that the Canadian economy is faltering as it is posting better-than-expected growth and encouraging retail sales and jobs numbers. But perhaps more important is the divergence in ...

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Financial Sector Earnings: Market Highs And High Expectations
Fri, 07 Apr 2017 18:38:41 +0100

For years, interest rates and the Federal Reserve’s actions were a major focus in the financial sector. After the Fed’s March hike, its third one since the financial crisis, and recent comments from Fed governors hinting at two to three more increases this year, investors might have gained a little more clarity regarding the future of interest rates. With some of the uncertainty around interest rates out of the way, investors seemed to have shifted focus to potential policy changes like economic growth, bank deregulation, and tax reform.

Q1 earnings expectations for the financial sector are high. According to FactSet Research, earnings are expected to grow at 14.8% year-over-year in the first quarter, the highest earnings growth projection across all eleven sectors. At the industry level, diversified financial services, capital markets, insurance, and banks are expected to report the highest earnings growth.

In the next two weeks, several major financial institutions report earnings. Wells Fargo & Co (NYSE: WFC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc (NYSE: C) report before market open on April 13. According to consensus third-party analyst estimates, WFC is expected to report $0.96 earnings per share, or EPS, on revenue of $22.16 billion, JPM is expected to report $1.51 EPS on revenue of $24.57 billion, and C is expected to report $1.27 EPS on revenue of $17.97 billion. One area of focus when banks report is the impact of rising interest rates on these ...

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The Markets Reel On Weak Jobs Data And U.S. Strike On Syria
Fri, 07 Apr 2017 16:14:48 +0100

A tepid jobs report competed for attention early Friday with U.S. missile strikes on Syria and the U.S./China summit meeting. Futures prices pointed toward a lower open as investors considered possible economic impacts from this potpourri of events.

Though the unemployment rate fell to 4.5% in March, the lowest it’s been since before the Great Recession, jobs growth of 98,000 reported by the U.S. Department of Labor was nowhere near expected levels and well below prior months. What happened£

For one thing, those big construction job gains seen in February ground to almost a halt, rising just 6,000 in March after a 59,000 rise a month earlier. And retail trade lost 30,000 jobs in March, the Department of Labor said. Employment in general merchandise stores fell 35,000, perhaps a sign of weakness in the retail industry.

On the positive side, employment in business and professional services rose 56,000, near the average monthly gain for that category over the last 12 months. Mining saw a little growth.

In all, however, it wasn’t such a positive report, and the question is whether we’ll see revisions in coming months. That’s worth asking because private sector job growth rose by 263,000 in March, according to ADP’s report earlier this week. The two reports don’t have to match, but it is odd to see such a huge gap.

Despite its importance, the jobs report might take a backseat Friday to international relations. The U.S. hit a Syrian air base with Tomahawk missiles late Thursday around the same time that President Trump sat down with Chinese President Xi. Suddenly, the meeting between the ...

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Disappointing Jobs Data May Weigh On Wall Street
Fri, 07 Apr 2017 13:59:35 +0100
The major U.S. index futures are pointing to a lower opening on Friday following the release of a report from the Labor Department showing much weaker than expected job growth in the month of March. Geopolitical concerns may also weigh on the markets after the U.S. launched a missile strike on a Syrian airbase overnight.
Want Some Excitement£ Market Has Plenty As China Meeting, Jobs, Fed In Focus
Thu, 06 Apr 2017 15:35:57 +0100

Anyone who was missing volatility, volume, and intraday price movement got plenty of all three yesterday, and more could be on the way as the week winds down.

The market threw a party Wednesday morning amid hope for solid jobs growth, but then the Fed pulled the punch bowl away with some hawkish talk. It was quite a reversal, and there’s more opportunity for higher volume and quicker price moves today as President Trump meets with Chinese President Xi Jinpang.

One question heading into today’s U.S./China summit is whether Trump decides to drive a hard bargain on trade. He’s often said trade policy with China is unfair to the U.S. If there’s friction between the leaders, U.S. businesses including info tech, agriculture, and the auto sector that get a lot of revenue from China could find themselves in the hot seat. Also, North Korea appears to be on the table, and that could remind investors of the building tension on the Korean peninsula.

Another factor on the policy front could be House Speaker Paul Ryan’s remarks yesterday that a tax policy overhaul could take longer than health care. This is something investors may want to keep their eyes on. There are a ton of moving parts to tax policy, so anyone hoping for a quick fix might get frustrated.

The markets could also see a bit more excitement ahead of and following tomorrow’s March Non-farm payrolls report. Consensus is for 180,000 new jobs, according to, but yesterday’s strong private payrolls report from ADP (see below), which helped give the markets a big early boost ...

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Trading May Be Subdued Ahead Of Jobs Report, Trump-Xi Meeting
Thu, 06 Apr 2017 13:54:30 +0100
The major U.S. index futures are pointing to a modestly higher opening on Thursday following the pullback seen late in the previous session. Positive sentiment may be generated by a report from the Labor Department showing a bigger than expected pullback in initial jobless claims in the week ended April 1st.
Upbeat Jobs Data May Lead To Early Strength On Wall Street
Wed, 05 Apr 2017 13:46:55 +0100
The major U.S. index futures are pointing to a higher opening on Wednesday following the release of a report from payroll processor ADP showing much stronger than expected private sector job growth in the month of March.
Richmond Fed President Jeffrey Lacker Resigns After Admitting To 2012 Leak
Tue, 04 Apr 2017 21:31:13 +0100

Controversy has come calling at the doorstep of the Federal Reserve, with the Richmond Federal Reserve President Jeffrey Lacker calling it quits after admitting to leaking information about the deliberations among Federal Open Market Committee members in 2012.

The statement by Lacker said his conduct in 2012 was inconsistent with the confidentiality policies put in place to protect the deliberations of the FOMC and ensure the integrity of the financial markets.

The fed official revealed that in a phone conversation with an analyst working for Medley Global Advisors, which publishes macroeconomic policy intelligence for institutions such as hedge funds and asset managers, he happened to flout the confidentiality policy with respect to the proceedings at the September 2012 FOMC meeting.


Instead of declining to comment on the policy options considered by the participants ahead of the meeting, Lacker neither refused nor expressed his ...

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Uncertainty May Weigh On Wall Street Ahead Of Key Events
Tue, 04 Apr 2017 13:48:06 +0100
The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to add to the modest losses posted in the two previous sessions. Uncertainty may weigh on the markets ahead of some key events later this week, including the release of the closely watched monthly jobs report on Friday.
Futures Pointing To Roughly Flat Open On Wall Street
Mon, 03 Apr 2017 13:57:55 +0100
The major U.S. index futures are pointing to a roughly flat opening on Monday, the first trading day of the second quarter. Traders may be reluctant to make any significant moves ahead of the release of the closely watched monthly jobs report on Friday.
Uncertainty May Lead To Lack Of Typical End-Of-Quarter Window Dressing
Fri, 31 Mar 2017 13:52:46 +0100
The major U.S. index futures are pointing to another roughly flat opening on Friday, as uncertainty about President Donald Trump's policy agenda and developments overseas may keep some traders on the sidelines. Traders often use the final trading day of the quarter to do some "window dressing," but analysts have suggested the markets have already risen far enough.
Stocks May Turn In Another Lackluster Performance
Thu, 30 Mar 2017 14:01:21 +0100
The major U.S. index futures are pointing to a roughly flat opening on Thursday, with stocks poised to extend the lackluster performance seen in the previous session. Continued uncertainty about the outlook for President Donald Trump's policy agenda may lead to choppy trading on Wall Street.
Futures Pointing To Roughly Flat Open On Wall Street
Wed, 29 Mar 2017 13:55:20 +0100
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the strength seen in the previous session. Traders may be reluctant to make any significant moves amid continued uncertainty about President Donald Trump's policy agenda following the failure of the Republican health care bill.
BRIEF-Mauna Kea technologies appoints John Soto as chief operating officer
Thu, 02 Feb 2017 16:50:59 +0000
* Mauna Kea technologies appoints John Soto as chief operating officer
UPDATE 2-Britain will try to negotiate amicable EU divorce -Brexit paper
Thu, 02 Feb 2017 16:46:57 +0000
* May to trigger Brexit talks by end-March (Adds May's spokeswoman, more reaction)
UPDATE 1-UK train drivers reach deal with Southern rail in long-running dispute
Thu, 02 Feb 2017 16:41:03 +0000
LONDON, Feb 2 (Reuters) - One of Britain's longest and most damaging rail strikes since the industry was privatised in the 1990s appeared to be heading for resolution on Thursday as management at...
US STOCKS-Wall St edges up on gains in consumer stocks
Thu, 02 Feb 2017 16:35:13 +0000
* Indexes up: Dow 0.11 pct, S&P 0.13 pct, Nasdaq 0.17 pct (Adds details, comments; updates prices)
WRAPUP 2-U.S. labor market tightening, productivity still weak
Thu, 02 Feb 2017 16:34:20 +0000
WASHINGTON, Feb 2 (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to tightening labor market conditions that should support the...
UPDATE 2-ConocoPhillips loss smaller than expected on higher oil price
Thu, 02 Feb 2017 16:34:15 +0000
Feb 2 (Reuters) - ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected quarterly loss on Thursday, helped by higher crude prices and lower costs.
UPDATE 1-Sports Direct in talks to bid for Bob's, Eastern Mountain Sports -sources
Thu, 02 Feb 2017 16:33:35 +0000
Feb 2 (Reuters) - Struggling British sportswear retailer Sports Direct is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob's Stores and outdoor retailer Eastern...
U.S. Senate Budget Committee approves Mulvaney as budget director
Thu, 02 Feb 2017 16:30:10 +0000
WASHINGTON, Feb 2 (Reuters) - The U.S. Senate Budget Committee on Thursday voted to confirm Republican Representative Mick Mulvaney to serve as White House budget director under President Donald...
Irish tax revenues rise in January as VAT receipts surge
Thu, 02 Feb 2017 16:30:06 +0000
DUBLIN, Feb 2 (Reuters) - Ireland collected 6.1 percent more tax in January than a year ago, driven by a surge in value-added tax receipts submitted for November and December, the finance ministry...
Peru posts $1 bln trade surplus in Dec, $1.7 bln in 2016-cenbank
Thu, 02 Feb 2017 16:29:09 +0000
LIMA, Feb 2 (Reuters) - Peru posted a $1 billion trade surplus in December, the biggest since 2011, and a $1.73 billion trade surplus in all of 2016 after two straight years of deficits, the central...
Venezuela confirms recession, highest inflation in Americas
Tue, 30 Dec 2014 22:56:45 +0000
CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and President Nicolas Maduro's socialist government blamed...
U.S. opens door to oil exports after year of pressure
Tue, 30 Dec 2014 22:30:18 +0000
WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of...
Shares slip in low-volume trading; safe-havens rise
Tue, 30 Dec 2014 21:44:44 +0000
NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume magnifying moves, as worries about Greece's future in the euro zone pushed shares lower and lifted...
Wall St. pulls back from record; utilities slump
Tue, 30 Dec 2014 21:24:08 +0000
NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major indexes from record levels, while the trend of modest moves and low volume continued heading into...
Brent and WTI see small gains as end of year approaches
Tue, 30 Dec 2014 21:24:01 +0000
NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dollar but not making significant strides as traders prepared for the end of the year.
Dollar slips against yen on year-end profit-taking
Tue, 30 Dec 2014 21:00:19 +0000
NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday after traders booked profits from recent multi-year highs in the greenback and parked their winnings in...
Argentina's debt crisis seen rumbling on until 2015 election
Tue, 30 Dec 2014 18:41:39 +0000
BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not be January, as many investors had hoped, but a year later once the country's next president takes...
U.S. consumer confidence rises in December
Tue, 30 Dec 2014 15:24:26 +0000
(Reuters) - U.S. consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according...
U.S. home price growth slows further in October: S&P/Case-Shiller
Tue, 30 Dec 2014 14:55:08 +0000
NEW YORK (Reuters) - U.S. single-family home price appreciation slowed less than forecast in October, as there were hints of some re-acceleration in home prices in some cities by year-end, according...
Russian ruble resumes recovery as exporters seen selling dollars
Tue, 30 Dec 2014 13:02:00 +0000
MOSCOW (Reuters) - The Russian rouble staged an uncertain recovery on Tuesday as traders saw modest foreign-currency sales on the final day of trading before the New Year holidays.
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