Wells Fargo Ticks Lower After Finding 1.4M More Potential Unauthorized Accounts
Shares of Wells Fargo (WFC) are ticking lower after the company that a third party review revealed that 3.5M accounts could have been created without authorization. The bank’s previous estimates was 2.1M. Wells explained this morning in a press release, “The original account analysis reviewed 93.5 million current and former customer accounts opened in an […]
Yes, You Should Be Concerned With Consumer Debt
Just recently the Federal Reserve Bank of New York released its quarterly survey of the composition and balances of consumer debt. Importantly, it was the fact that total indebtedness reached a new all-time record that sent the mainstream media abuzz with questions about the economic implications. Here is the graphic that accompanied the commentary. One of the […]
August 2017 Initial Unemployment Claims Rolling Average Again Marginally Improves
The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 236 K to 240 K (consensus 237,000), and the Department of Labor reported 236,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 238,000 (reported last […]
Euro Drops Below 1.20. Does Italy Need A Parallel Currency?
Let’s start with the Euro today and then, you might want to read about Italy’s possible innovation, which can be the next big thing in Europe and the world. Earlier this week, the Euro shocked the banks around the world, rising well above 1.20 mark, the level most of the investment banks considered it would […]
August, Die She Must
The autumn winds blow chilly and cold.September, I remember…….A love once new has now grown old. At this point, I think if North Korea announced an imminent attack, the market wouldn’t even bother going down temporarily. It would simply commence its post-missile buying, since, after two times now, it probably wouldn’t want to bother with […]
3 Reasons Why The Litecoin Price Will Reach 100 USD In 2018
Is the price of Litecoin moving to 100 USD in 2018 or not? That is the million dollar question top of mind of crypto investors, and, in particular, enthusiasts of Litecoin. After our $60 Litecoin price forecast was met on August the 27th, we thought it was appropriate to update our readers on where we believe Litecoin’s price […]
July 2017 Median Household Income
For July 2017, our estimate of nominal U.S. median household income ticked upward to $58,340 from our previous estimate of $58,258 for June 2017. The following chart picks up on the format that Doug Short pioneered using the median household income estimates originated by Sentier Research, who terminated their coverage after reporting the data for May 2017. In terms […]
Sensex Finishes Marginally Higher; Realty & Power Stocks Gain The Most
Indian share markets recovered marginally in the afternoon session ahead of the expiry of futures and options contracts later in the day. At the closing bell, the BSE Sensex closed higher by 84 points and the NSE Nifty finished up 34 points. The S&P BSE Mid Cap finished up by 0.2% while & S&P BSE Small Cap too finished up by 0.8%. Realty stocks and power stocks witnessed […]
Campbell Soup Q4 Earnings Lag Estimates, Stock Down
Campbell Soup Company (CPB – Free Report), the manufacturer of branded convenience food products, reported fourth-quarter fiscal 2017 adjusted earnings of 52 cents a share lagging the Zacks Consensus Estimate of 55 cents and up 13% year over year. Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 and 2018 has been stable in the last 30 days. […]
