Category Archives: U.S. Economic News

U.S. to Launch 20-Year Bond Within Months

[1/16/20]The U.S. will begin issuing 20-year bonds in the first half of 2020 to expand the government’s borrowing capacity, according to a statement from the U.S. Dept. of the Treasury. Treasury Secretary Steven Mnuchin said in a statement, “We seek to finance the government at the least possible cost to taxpayers over time, and we will continue to evaluate other potential new products to meet that goal.” The Treasury expects there will be “strong demand” from investors for the bonds which will be issued “in a regular and predictable manner in benchmark size.” The Treasury Department had explored issuing 50-year, 100-year and floating-rate notes before settling on the 20-year. More...
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Oil Slides After Energy Department Reports Surprise Increase in US Crude Stocks

[10/30/19]U.S. oil prices extended declines Wednesday after the Energy Department said domestic crude stocks fell far more than analysts' forecasts last week, suggesting weakening global demand from the world's biggest exporter. The Energy Information Administration said U.S. crude stockpiles rose 5.7 million barrels in the week ending October 25, with the total topping 438.8 million barrels. Analysts had been expecting a modest increase after the American Petroleum Institute said yesterday that stockpiles fell by 708,000 barrels last week to 436 million. The EIA also said inventories at the Cushing, Oklahoma hug, a key delivery point for U.S. exports and crucial data point for energy traders, rose by 1.57 million barrels to...
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Alibaba Continues to Deliver Rapid Growth and Is Incredibly Cheap

[8/29/2019]In its June quarter announced on Aug. 15, Alibaba (BABA) once again beat on both the top and bottom lines, and once again, the market largely under-reacted. For now, the trade war remains at the forefront of every investors' mind. But in time, this will get resolved and investors will come to appreciate just how cheap Alibaba's shares are.  

Unbeatable Revenue Growth Rates

Alibaba so frequently delivers impressive mid-30s% to 40% top line growth that investors have become jaded.

Download Now: To be a profitable...

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US producer prices post the biggest increase in 5 months

[4/11/19]U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge in the cost of gasoline. That was the largest increase since last October and followed a 0.1 percent gain in February. In the 12 months through March, the PPI rose 2.2 percent after advancing 1.9 percent in February. Economists polled by Reuters had forecast the PPI would climb 0.3 percent in March and increase 1.9 percent on a year-on-year basis. A key gauge of underlying producer price pressures that...
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US Stocks Gain as Goldman, BofA Top Earnings Forecasts, Offsetting Trade Concern

[1/16/19]The Wednesday Market Minute
  • U.S. equity futures turn green after stronger-than-expected earnings from Goldman Sachs and Bank of America.
  • Global stocks mixed amid the increasing confusion over the impact of Prime Minister Theresa May's historic parliamentary defeat on Brexit last night and concern over the lack of progress in U.S.-China trade talks.
  • U.K. lawmakers will debate a non-confidence motion in May's government later today as EU officials plead for flexibility from London to avoid a so-called "hard Brexit" on March 29.
  • Softer industrial data from Japan, as well as reported comments on U.S.-China trade talks, keeps Asian markets in check, while a weaker euro boosts European stocks in early trade.

Market...

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Dow Delivers Best Two-Day Rally in Two Years, Stocks Led Higher by GM, Facebook

[10/31/18]Here Are 3 Hot Things to Know About Stocks Right Now
  • The Dow Jones Industrial Average rose Wednesday, posting its best two-day rally in more than two years, as the blue chip index closed out a tough month that saw the index fall about 5%.
  • Facebook Inc. (FB - Get Report)  rose 3.8% after the social media giant posted quarterly earnings that beat Wall Street estimates.
  • General Motors Co. (GM - Get Report)  soared 9.1% after the automaker's third-quarter earnings smashed forecasts.

Wall Street Overview

Stocks jumped on Wednesday, Oct. 31, with...
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Oil Prices Mixed on Trade Tension as Bernstein Warns of $150 a Barrel

[7/6/18]Like trade, U.S. crude is moving in the opposite direction of global crude.
Oil prices were mixed on Friday, July 6, as world benchmark Brent slipped on trade tensions while U.S. crude rose even though explorers added rigs.
U.S. oil producers brought five rigs online for a total of 863, according to Baker Hughes (BHGE - Get Report) . Gas rigs remained unchanged at 187, and Miscellaneous rigs held steady at two, bringing the overall total U.S. rig count...
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Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

[4/25/18]Here Are 3 Hot Things to Know About Stocks Right Now
  • The Dow Jones Industrial Average finished higher after closing lower for five straight sessions.
  • Boeing rose 4% after reporting better-than-expected quarterly earnings.
  • Twitter fell 1.9% even after posting earnings that beat analysts' estimates.

Wall Street Overview

Stocks fluctuated on Wednesday, April 25, following stronger-than-expected earnings from Boeing Co. (BA) and Twitter Inc. (TWTR)  and rising bond yields and commodity prices.
The Dow Jones Industrial Average   rose 59 points, or 0.25%, to close at 24,083. The...
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Santa Claus Rally in Stocks Is Alive, for Now

[12/28/17] Wall Street futures pushed higher into what is likely to be the full final trading day of the year Thursday amid a renewed rally in metals and commodities and a weaker U.S. dollar.
U.S. stocks look set to add to last night's modest gains, with futures contracts tied to the Dow Jones Industrial Average priced 44 points higher from Wednesday's close and those linked to the broader S&P 500 marked 2.5 points, or 0.09%, to the upside as of 5:15 am eastern time.
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As Stocks Continue to Go Up and Up, We Might Be Due for a Correction — or Worse

[10/22/17]  Markets are never perfect. Yet for the last eight-and-a-half years, they've been rather magnificent. The benchmark S&P 500 Index has jumped 19% over the past 12 months, 30% over the past three years and a whopping 93% since 2009. The Nasdaq recently called this perpetual march to new highs the never-ending bull market. Fund managers have been milking it while the short-seller Jim Chanos admitted to CNBC last month that spotting overvalued stocks has been easy; it's making money on them that's become difficult. If and when the bull market might end is anyone's guess. What's not in dispute is that stocks are trading near their highest...
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