Category Archive: Finance
Yuan Devaluation Likely
by Richard Duncan China’s economic model of export-led and investment-driven growth is in crisis. With no one left to export more to every year, China now finds itself with extraordinary excess capacity across every industry. Product prices are falling, companies are unprofitable and bank loans are going bad. Any further investment will just worsen the […]
Housing ETFs Tack On Gains On D.R. Horton Q4 Earnings
D.R. Horton (DHI), one of the biggest and well-known homebuilders of the nation, came up with strong fiscal fourth-quarter 2015 results on November 10 before the bell and also provided a strong outlook. Investors’ reacted favorably as DHI stock was about 11.3% up in the two days post earnings release. Let’s take a look inside […]
Which Countries Pay The Most For Medicinal Drugs?
USA! USA! USA! Exceptional America is #1 once again… oh wait! Why does America spend 35% to 90% more per capita than all other developed countries? There are numerous reasons, as Michael Snyder explains, if you have a health problem, even if it is just an imaginary one, some giant pharmaceutical company out there is probably making […]
Commodity Prices Plunge Further As Fed Hike Looms Large
The price of copper plunged to a 6-year low on the back of fears that an imminent rate hike is likely in the US. Commodities traders jumped on the bandwagon and shorted copper futures, and sold the metal en masse as it slid $0.054 to $2.164 per pound early in the morning on Thursday, 12 […]
Weighing The Week Ahead: What Is The Message From Falling Commodity Prices?
Attention quickly shifted from the perceived strength in the monthly employment report to the stock market decline. While some blamed this on the expectation of higher interest rates, there was also plenty of focus on the commodity markets. I expect this interest to continue in the week ahead. The punditry will be asking: What is […]
How Do World Markets React To Terror Attacks?
Terrorism in recent years has become frighteningly common, impacting not only global morale, but also the economy.While the economic repercussions are certainly not the most important ones, anyone relying on market movements to earn their living may be running scared, not only from potential security risks, but from potential economic fallout. Whether we want to admit […]
Utility ETFs Slide On Weaker-than-Expected Q3 Earnings
The utility sector disappointed in its third-quarter results over the last two weeks with earnings and revenue miss from some of the major players in the space, including Duke Energy Corporation (DUK – Analyst Report), NextEra Energy (NEE – Analyst Report) and Dominion Resources Inc. (D – Analyst Report). However, a recovering U.S. economy, warmer-than-normal weather and ultra low interest rates […]
Alibaba, JD.com, Baidu, Others To Be Added To MSCI Emerging Market Index
By Vikas Shukla As many as 14 US-listed mainland Chinese companies, including Alibaba (BABA) and Baidu (BIDU), will be added to MSCI’s Emerging Market Index. MSCI said Thursday that the changes would be implemented at the market close on November 30, making it the first indexer to add these stocks. The move is likely to bring billions of […]
The Gig Economy Is The New Normal
An already-confusing employment environment grew even more complicated this past week. Many readers responded to my “Crime in the Jobs Report” letter with their own stories. Some confirmed what I wrote, while others disputed it. Some of the stories I read from readers who are stuck far from where they want to be in this […]
Week In Review: Korea’s Hanmi Signs $960 Million Deal With Janssen
Deals and Financings Hanmi Pharma (KRX: 1289400) of South Korea announced another blockbuster out-licensing deal for one of its clinical stage assets. This time, Janssen agreed to a $960 million deal in exchange for exclusive worldwide rights (except Korea and China) to a novel biologic GLP-1/Glucagon dual receptor agonist aimed at diabetes and obesity (see story). […]
