Every night in 1995, I would deposit money overnight in a different currency… Sounds strange, I realize. But back then, as the vice president of a global mutual fund, one of my jobs was to execute our fund's trades. Once our U.S. trading day was done, we wanted our money to work for us overnight as well. We might put our money into French francs, German marks, or....More>>>
Among the nearly half of U.S. households with credit card balances outstanding, the average debt is $15,564. Total U.S. credit card debt was $905 billion.
All U.S. household debt totals $12.96 trillion, including $8.74 trillion in mortgage debt, $1.21 trillion in auto loans and $1.36 trillion in student loans, in addition to credit card debt.
The data were reported today by NerdWallet....More>>>
Ivanka Trump may have shown that any publicity is good publicity when it comes to selling fashion.
Despite a boycott and a decisionby Nordstrom to no longer carry the brand, Ivanka Trumps fashion line soared in online sales of individual items last month, according to a major e-commerce site.
Trumps brand was in 11th place based on the number of items sold, according to Lyst, a fashion....More>>>
Credit Suisse recently increased their iron ore price forecast for the medium term, which should give a small boost to Cliffs Natural Resources (CLF)but that doesnt mean the firm thinks you should buy the stock.
Photographer: Andrey Rudakov/Bloomberg
Analyst Curt Woodworth and his team reiterated an Underperform rating on the stock Friday, although they raised their price target....More>>>
Asset Managers Struggle With Outflows, Fee Compression
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Ron Rhoades: DOL Fiduciary Rule Is as Good as Dead (for Now)
The Senate Banking Committee will consider the nomination of Sullivan and Cromwell partner Jay Clayton to head the Securities and Exchange Commission on March 23.
The committee also....More>>>
Related AAPL Apple Gets Back In The Holiday Shopping Spirit With One-Day Sales Event All The Post-Thanksgiving Holiday Deals From The 2 Largest Retailers Apple Will Buy Back Stock Rather Than Build U.S. Factories (Seeking Alpha) Related BABA President-Elect Trump and Your Portfolio Leveraging....More>>>
I believe the European financial market contains too much risk, and one should rather invest in the American financial system because it has a lot more upward potential. I wrote that in one of my latest articles. However, there is one exception to my statement: UBS Group (NYSE:UBS). The Swiss banking group is especially strong in investment banking and asset management and will probably outperform....More>>>
Oppenheimer analyst Chris Kotowski and team argue that banks like Bank of America (BAC), Citigroup (C) and Goldman Sachs (GS) will suffer a number of direct and indirect hits from Brexit–and lower their prices targets accordingly. They explain:
…while 2Q16 estimates should be little impacted by Brexit, it seems likely to us that the uncertainty....More>>>
Employing contrarian investing tactics is exceptionally difficult. Evolutionarily speaking, we are inclined to follow the majority and not stray from the pack. However, in investing, it can be extraordinarily lucrative to deviate from the consensus. The consensus view of Bed Bath & Beyond (NASDAQ:BBBY) is that the company faces several headwinds that will stagnate growth and cause the stock....More>>>
Boohoo.com (OTCPK:BHOOY) (OTC:BHHOF) [LN:BOO] is a UK-based, online-only “fast fashion” retailer that trades on the Alternative Investment Market (“AIM”), a sub-market of the London Stock Exchange. BOO sells private label “fashion” products, focusing on what is deemed to be “hot” with 16-24 year-old girls. It is essentially an online....More>>>