It’s Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day
Following President Trump’s sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats’ votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago and which meant that US federal debt would be at roughly $19.808 trillion for months. Well, no […]
Market Talk – Monday, September 11
With no missile test Saturday or new geopolitical news over the weekend, Asian stocks opened on a positive note. The Chinese central bank loosened some financial restrictions which also added to the positivity for both domestic and regional markets, combined to support all markets. The central bank move opens the market slightly, returning responsibility to […]
EC Russia Eyes New Sources Of Revenue Amid Low Oil Prices
Written by: George Friedman, Xander Snyder and Ekaterina Zolotova. Low global energy prices have been a strain on the finances of many oil producers, but they’ve hit Russia particularly hard. Oil and gas accounted for 43% of Russia’s government revenue in 2015 and this figure was expected to drop to 36% in 2016, according to […]
“Could’ve Been Worse”-Weekend Sparks Buying-Panic Sending Stocks To Record Highs
The last month has seen “Fire & Fury” threats, Gary Cohn resignation concerns, North Korean missiles over Japan, Hurricane Harvey, North Korean Hydrogen Bomb tests, and now Hurricane Irma… and stocks are higher… Video length: 00:00:04 All the worries are gone for stocks… But bullion and bonds remain the biggest gainers since Trump’s “Fire & Fury” […]
Hewlett Packard Enterprise Company Announces Offering Of Senior Notes
PALO ALTO, Calif., Sept. 11, 2017 (GLOBE NEWSWIRE) — Hewlett Packard Enterprise Company (“Hewlett Packard Enterprise”) (NYSE:HPE) today announced the offering of senior notes (the “Notes”). The Notes will be senior unsecured obligations of Hewlett Packard Enterprise and will rank equally in right of payment with all of Hewlett Packard Enterprise’s existing and future senior […]
Book Review: Get Rich With Options
I recently had the opportunity to pick up a copy of Lee Lowell’s 2009 book Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor. Lee wrote an excellent primer on options trading, but the publisher probably should have put a little more thought into the title. Get Rich With Options has very little to do […]
Not Just Irma But Seasonal Weakness Pulled Natural Gas Lower
Shortly after testing resistance around the $3.08 level a couple weeks ago to open up September natural gas prices declined rather dramatically, with heavy selling coming initially after the holiday weekend and then heavier selling coming into last Friday as Irma approached Florida. Prices settled last week down at $2.89 support, logging one of the […]
Regeneron/Sanofi’s Dupixent Asthma Study Meets Endpoints
Regeneron Pharmaceuticals, Inc. (REGN – Free Report) and partner Sanofi (SNY – Free Report) announced that Dupixent (dupilumab) met its two primary endpoints in a phase III study conducted on patients with uncontrolled, persistent asthma. Data from the LIBERTY ASTHMA QUEST study showed that Dupixent, when added to standard therapies, reduced severe asthma attacks and improved lung function. Shares of […]
Dollar Index Bounces From 33-Month Low, Risk In Vogue As JPY Sells Off
What a day for risk. USD/JPY rallied aggressively after trading at a 2017 low on Friday and the S&P 500 rose the most since April to close at all-time highs. Other risk-off markets like Gold gapped lower on the open and the US Treasury 10-year yield also bounced showing investors wanted risk over a fixed return. Things look good, at least […]
