Recent economic data for the US suggests that the stock market’s hissy fit this year has been a false signal for anticipating a new recession. That’s not surprisingthe short-term noise in equity prices is a constant challenge for business-cycle analysis and so it’s not uncommon that market volatility will lead us astray at times. That’s always been the case and nothing’s....More>>>
Last week, women’s clothing retailer The Limited announced it was closing down all of its stores. It’s yet another casualty in the war on shopping malls and highlights the further transition of clothing retail to “fast fashion” and online formatting. It has been an ominous year for brick-and-mortar stores, but another one down could be good news for the survivors.
We’ve noted before that for all the attention Macau gets, the real action for casinos these days is in Las Vegas. In a report issued today, Gabelli’s Adam Trivison touts the importance of Nevada for Boyd Gaming (BYD) and MGM Resorts International (MGM), which have large Nevada footprints, and for Wynn Resorts (WYNN) and Las Vegas Sands (LVS), which don’t:
15 Best States for Retirement: 2017
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Puzder Withdraws From Labor Secretary Nomination
Wine prices have been on a tear for 14 months, as measured by the Liv-ex 100 Fine Wine Index.
In fact, they are at their highest levels since October 2011, and the Live-ex index rose about 25% in 2016.
The IBD looks at trends affecting the costs....More>>>
Italian ones, this time. Well, one bank in particular. Monte dei Paschi di Siena (MPS), the centuries-old bank that is drowning under a growing pile of distressed loans. Since the private sector has now refused to cough up enough capital to close the shortfall identified in this year’s stress tests, it is to be provided with 8.8bn euros of new equity capital, most of it by Italian taxpayers.
The Chinese game of Go is one of the simplest, yet most complex games in the world. The objective of the game is to surround empty spaces or your opponent’s pieces (called stones) with your own, and remove surrounded pieces from the board. The complexity arises from the 19 by 19 grid containing 361 squares. The number of possible moves in a game exceeds the number of atoms in the universe.
It would be fair to say biotech has had an interesting time of it over the course of the past 15 months. Except, of course, that biotech always has an interesting time of it. The go big or go home sector of the market attracts speculators, scientists, and unsavory characters, but also attracts people hoping for critical improvements to their healthcare options.
With a lot of sentiment and....More>>>
Republicans in Congress are so eager to repeal the Affordable Care Act that some have vowed to get a bill to President-elect Donald Trump’s desk on the day he takes the oath of office.
“We will move right after the first of the year on an Obamacare repeal resolution,” Senate Majority Leader Mitch McConnell, R-Kentucky, told reporters at a news conference Monday.
Apple Inc. announced an iPhone production cut for the second year in a row. Should Investors sell AAPL stock now?
A recent report from Nikkei claims that Cupertino-basedApple (NSDQ:AAPL) is cutting iPhone production in the Jan-Mar 2017 quarter. The report has been the talk of the Apple camp even though it hasn’t lead to any immediate impact on the stock. AAPL stock gained 0.2% in....More>>>