Financial Industry News
Donald Trump’s tweetstorms have a ‘significant’ clout with market moves, a study has revealed.. | Source:: U.S. September 4, 2019. REUTERS/Erin Scott Donald Trump has tweeted 10,000 times since he was sworn in as president of the United States. And, according to JPMorgan Chase, his tweets are increasingly moving the stock market and bond markets. […]
Continue ReadingRepublican Trump challenger Mark Sanford is predicting a great economic crisis unseen since the days of the 90-year-old Great Depression. | Source: REUTERS/Kevin Lamarque/File Photo Mark Sanford, former Republican South Carolina Governor, thinks we’re in a heap of trouble. He told “Fox News Sunday” that he predicts “the most significant financial storm… since the Great […]
Continue ReadingDavid Rosenberg warned that the August jobs report is a “Dow theorist’s nightmare” and supports his case that the stock market has a dismal outlook. | Source: AP Photo / Richard Drew The latest jobs report for August has put some recession fears at bay, but many aren’t feeling too chipper about the results – […]
Continue ReadingThe Dow Jones shrugged off a mixed jobs report to rally after Powell reassured investors the Federal Reserve is committed to boosting inflation. | Source: REUTERS / Arnd Wiegmann (i), AP Photo / Richard Drew (ii). Image Edited by CCN. The Dow pounded toward session highs on Friday afternoon after Federal Reserve Chair Jerome Powell […]
Continue ReadingThe Dow’s feverish rally continued on Friday, but historian Niall Ferguson warned that the US an China are already locked in an unstoppable “Cold War.” | Source: Drew Angerer / Getty Images / AFP The stock market’s temperature cooled a few degrees on Friday, but that didn’t prevent the Dow from adding to its feverish […]
Continue ReadingMarkets are buoyed with renewed bullish sentiment over a trade deal with China. | Source: REUTERS/Brendan McDermid The Dow Jones is expected to open with a gain of over 50 points in anticipation of a new round of trade talks in October between the U.S. and China. The Dow Jones is still near its record […]
Continue ReadingThe Dow Jones roared higher in response to decent jobs numbers and easing trade tensions, but bulls may be overestimating the Fed’s appetite to ease policy. | Source: Bryan R. Smith / AFP Another day of risk-on trading launched the Dow Jones higher on Thursday, as the US and China finally have a date to […]
Continue ReadingFed officials will be keeping a close eye on consumer spending patterns because a slowdown could signal that we might be heading toward a recession. | REUTERS/Lucas Jackson/File Photo Consumer confidence in the U.S. has held steady and spending has increased despite a slew of negative signs that point toward an economic slowdown. Federal Reserve […]
Continue ReadingThe Dow Jones raced toward a colossal rally after the editor of the Global Times – a Communist Party mouthpiece – teased a major trade war “breakthrough.” | AP Photo / Richard Drew The Dow was already primed for a colossal rally on Thursday after US and Chinese officials set a date for the next […]
Continue ReadingThe Dow surged on Thursday after the US and China made headway toward the next round of trade negotiations, triggering market euphoria. | Source: Nicolas ASFOURI / AFP The Dow bounded toward a second straight titanic advance on Thursday after the United States and China cleared what had proven to be an unexpectedly difficult hurdle: […]
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