Amazon.com’s (NSDQ:AMZN)double digit growth story continues to stay in trend despite the companys top line increasing in the tens of billions each year. Amazons annual revenue has grown around the 20% level in the last three years, and during the first nine months of fiscal 2016, Amazons total revenue has shot up from $71.259 billion last year to $92.246 billion this year, a growth of 29.45%.....More>>>
U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way.
Stocks, already in the green, gained altitude on the day and the U.S. dollar ....More>>>
On June 21, 2017, an Ethereum “flash crash” sent cryptocurrency owners into a full-fledged panic. The Ethereum price crashed to a low of $0.10 from $319 on the GDAX cryptocurrency exchange. Shortly after the event, GDAX Vice President Adam White wrote in a June 21 blog post that there were no indications of wrongdoing.
The temporary crash, which reportedly took place in a....More>>>
Five years ago I met with participants in the New York Teamsters Road Carriers Local 707 Pension Fund who wanted an answer to the question of how their pension, which was fully funded in 2000, could be on the brink of insolvency. What caused their pension to plummet in value in the past decade-plus? Was the demise entirely unforeseeable, due to unknowable market forces or was foul-play involved?
The U.S. dollar fell against its major rivals on Wednesday, reversing an earlier advance as the latest commentary from the Federal Reserve indicated a desire to hike rates fairly soon, but expressed uncertainty about President Donald Trumps fiscal policies.
The WSJ Dollar Index ....More>>>
Can the Trump Stock Rally Last?
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Sen. Elizabeth Warren on Wednesday told Treasury Secretary Steve Mnuchin to “follow through” on his commitment to investigate reports that Anthony Scaramucci, while acting as a “Trump translator”....More>>>
Shares of Urban Outfitters (URBN) are soaring today following its earnings release last night–and big part of the reason is its success with millennials. UBS analystMichael Binetti and team explain:
Urban Outfitters reported 2Q EPS of $0.66, well ahead of our $0.52 and Street $0.55. Same-store sales increased +1% (vs UBSe -3.9%; Street -1.1%) with....More>>>
Venezuela’s corruption scandal in America is getting bigger.
U.S. prosecutors filed new criminal charges against a Venezuelan man living in the United States who they allege bribed officials at Venezuela’s state-run oil company, PDVSA.
The bribes — free hotel rooms, meals and cash — were meant to help get lucrative contracts for U.S. energy companies owned....More>>>
The U.S. economy is expected to strengthen next year, in part because of the government stimulus proposed at by President-elect Donald Trump, but job growth is likely to slow as the recovery approaches its eighth anniversary, according to a recent survey of economists.
The economy is projected to grow at a 2.3% annual rate in 2017, up from an estimated 1.6% this year, according to the average....More>>>
Bonds have been tumbling since interest rates hit lows in July 2016, and the decline accelerated after the election. There’s been a partial recovery lately, but make no mistake, the outlook for bonds isn’t good, cautions Robert Carlson, editor of Retirement Watch.
Jeffrey Gundlach of the DoubleLine funds correctly forecast President Trump’s victory; he now expects....More>>>