Videogame sales eked out an overall gain in April as a strong software showing made up for another year-over-year decline in hardware sales.
Saudi Aramco's plan to drain U.S. crude stocks failed.But U.S. crude stocks typically drop as refinery utilization rises.
OPEC exports are hitting a 4-year low this month with Iranian exports falling below 1 mb/d and Venezuela exports falling to a new record low.
The Financial Times reports that British regulators are reducing the pressure on financial institutions to adopt risk free rates proposed to replace LIBOR.
JMMC role in paving the way to OPEC oil output strategy.The 14th OPEC JMMC meeting came amid geopolitical tensions.
How does the recent S&P 500 drawdown compare to similar setups historically?How did the S&P 500 perform over the next 2-3 years after similar signals?
Once again, the OECD is warning about weak trade.Low inflation is concerning Fed President Bullard.The EMAs show that the smaller-cap indexes are pretty weak; larger-cap indexes are a bit stronger.
This is a weekly series focused on analyzing the previous week's economic data releases.The objective is to concentrate on leading indicators of economic activity to determine whether the economy is strengthening or weakening, and the rate of inflation is increasing or decreasing.
Tech stocks helped lift Wall Street after the Trump administration granted Huawei a 90-day license to work with U.S. companies so it can service existing networks and mobile devices, easing investor concerns about pressure on future results in the sector.
Though there’s been some wobbling, the three major U.S. stock averages hold onto solid gains in midday trading.
April Existing Home Sales: -0.4% to 5.190M vs. 5.350M consensus and 5.210M prior (unrevised).Now read: Powell: Business debt boom no subprime crisis »
Stocks rebound at the open, led by tech stocks, after the U.S. eases restrictions on Huawei, granting U.S. companies 90-day licenses to work with the Chinese firm with limitations; Dow +0.6%, S&P +0.7%, Nasdaq +0.9%.
Qorvo (NASDAQ:QRVO) lowers its Q1 revenue outlook from $780M to $800M to $730M to $750M while EPS drops from $1.30 at the midpoint to $1.15.
Boeing (NYSE:BA) +2.4% pre-market after WSJ reports that U.S. aviation authorities believe the Ethiopian Airlines crash may have been triggered by a bird strike.
Japan's Q1 GDP growth looks pretty good at 0.,5% – by local standards that is.Once we start to delve into the details matters look less enticing.
Changes in global markets and their impact on equities.China's role in the global economy.China's increasingly domestic economy.
CME Fedwatch tool points to 80% likelihood of Fed lowering rates by January.There is a 42% chance of 2 rate cuts in that time.
Litecoin has consolidated since its bullish start to 2019.It had burst through resistance at $83 and into new channels previously.
Relative weakness in the healthcare and tech sectors is a worrisome development.A growing number of chip makers are making new 52-week lows.
GLDM does not enjoy significant upward pressure from the escalating US-China trade/tech dispute due to contradictory consequences.