The U.S. Dollar has made headlines all week and came under pressure earlier in the week after Steve Mnuchin indicated a weak dollar was ideal for the U.S. economy. Shortly thereafter, President Trump noted that those comments were taken out of context and that he appreciated a strengthening USD. The USD briefly rebounded on President…
Starbucks is set to report its Q1 2018 results after the closing bell on January 25, 2018 and to much consternation that finds shareholders hoping for a positive outcome. The share price has lagged its peer group valuation as growth for the coffee and restaurant giant has recently underwhelmed investors. After missing consensus estimates for…...
Here’s a chart you soon won’t forget. The decline of the USD has been yet another reason supporting equity prices of late. The dollar is suffering another selloff on Wednesday with a key dollar index falling to a three-year low after U.S. Treasury Secretary Steven Mnuchin said a weaker greenback is good for trade. The…
U.S. equities are pointing to a lower open after the government reopened yesterday. All three major stock market indexes closed at record levels on Monday. After U.S. markets closed on Monday, Congress passed a three-week funding measure that brought a halt to the three-day shutdown, with the bill then signed by President Donald Trump. The…
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…...
With the trading week completed and encapsulated by the fear & loathing of a potential government shutdown, many were not surprised that the spending bill passed by the House was not further passed by the Senate late last night. In the 11th hour as it is called, the Senate could not agree to pass the…
Even with the U.S. House of Representatives passing a one-month bill to fund the government, there remains speculation regarding a government shutdown, as the Senate must also pass the bill. Many are of the belief that Senate passage is possible at present and there will be much discussion on the subject with only 18 hours…
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