Speculators' net bearish bets on U.S. 10-year Treasury note futures fell earlier this week before the Federal Reserve signaled it would not raise interest rates in 2019, according to Commodity Futures Trading Commission data released on Friday. The amount of speculators' bearish, or short, positions in 10-year Treasury futures exceeded bullish, or long, positions by 163,974 contracts on March 19, according to the CFTC's latest Commitments of Traders data. A week earlier, speculators held 176,434 net short positions in 10-year T-note futures.
The Dow Jones industrial average closed down 460.19 points, or about 1.8 percent, at 25,502.32. Meanwhile, the "yield curve" inverted for the first time since 2007. That means a Treasury bill that matures in three months is yielding 2.45 percent -- slightly more than the yield of a Treasury note that matures in 10 years. While the yield curve is still often a predictor of recessions, it may well not be imminent.
Real Life Trading and PreMarket Prep's “Wall Street and Mathemagic” webinar kicked off Tuesday, March 19, with a great turnout. Several children ages 8-12 participated along with a few adults wanting to gain a better understanding of the financial markets. One of the highlights of the first webinar was when the session opened up to questions and we realized there may be some future hedge fund managers in the crowd.
Before “retirement,” many members of the FIRE movement are working full time jobs — often lucrative ones — but they leave all that behind in order to live off their savings for decades. And it doesn't always work out that way. Mr. Money Mustache is largely credited with popularizing the idea of “early retirement” and encouraging others to spend less in order to work less, too.
In an about-face on the trade dispute, President Trump conceded that tariffs on Chinese goods may remain for a “substantial period of time.” Simultaneously, this hurts the broader markets but it also raises prospects for cheap stocks. Most speculative miners have projects in extremely unstable countries just begging for nationalization.
In that same time, the Consumer Discretionary sector lost 0.45%, while the S&P 500 gained 3.04%. GLUU will be looking to display strength as it nears its next earnings release. In that report, analysts expect GLUU to post earnings of $0.05 per share.
Jim Cramer runs through his thoughts about viewers' stock picks.
A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The information may help those who are currently working and saving, by giving them more ability to plan their finances and prepare. A survey of “Saving Regret” targeted 1,600 Americans aged 60 to 79 to ask them about whether they had saved enough money — and if not, why not.
Now his Chinese automotive business, which employs dozens of people at a Mountain View outpost, is entangled in a trade secrets theft lawsuit with Tesla that was brought months after another employee was accused of stealing IP from Apple. In an interview with Bloomberg earlier this month, Xiaopeng was disdainful of employees who steal trade secrets. I was a computer engineer myself, and I truly respect intellectual properties,” he said with a pair of leather slippers on.
In the golden hills of California's San Joaquin Valley, oil jacks pump what is among the world's most expensive types of crude. Buena Vista's posted price is $70.53 a barrel, more than $10 above West Texas Intermediate futures and almost $3 more than Brent. The oil is also more expensive than international grades such as Dubai and Oman.
U.S. markets had their worse daily decline so far in 2019 as investors ditched stocks on concerns about the economy and warning signals from the bond market sent buyers into Spring hiding. This was Friday's damage; S&P 500: DOWN 1.9% DJIA: DOWN 1.7% Nasdaq: DOWN 2.5% In fact, investors have been pulling money out of stocks all week. According to Bank of America, $12.1 billion went into bonds, while $20.7 billion came out of equities.
Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
But it doesn't matter. There is so much money run algorithmically that stocks are pre-ordained to come down because the recession pattern post inversion has been a reliable one. So, you can't stop the rain coming down on this market until you get a host of people to realize there are bargains even if we have a big slowdown and if we are in are in a real jam the Fed can cut rates if it has to.
When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Now, they are taking this a step further: supermajors have super utility plans. Integrated oil companies know the importance of covering the whole supply chain in an industry, so it only made sense to grow into power generation once you've established a presence in one of the biggest growth segments in power demand: electric vehicles.
On Wednesday, March 20, 2019, I recorded my second biggest single-day loss ever of -$29,058.17, almost all of that due to a single trade. Although not my biggest loss ever, it is the largest I've had in recent history. It's also the worst one I've had since I started my challenge of growing my trading account from $583 to $1 million just over two years ago.
In a conference call, he hurled expletives at Boeing Chief Executive Officer Dennis Muilenburg, according to a person who heard the exchange and asked for anonymity to describe the private conversation. Boeing's narrative largely held – until Ethiopian Airlines Flight 302 crashed minutes after takeoff this month. Now scrutiny is landing on the iconic American planemaker, facing Congressional hearings and law enforcement investigations into how it handled its own responsibilities to guarantee the safety of the 737 Max planes.
The Best Dividend Funds For investors who don't like to fly solo, dividend funds offer a way to invest in dividend-paying stocks in companies that have the potential for long-term growth. How do you pick the best from the rest? Look at the fund's performance, long-term and recent.
A major battery storage project that would help California replace three of its natural gas power plants may need to be scrapped as a result of PG&E Corp's bankruptcy, according to court documents filed this week. Californian electricity and gas supplier PG&E filed for bankruptcy protection in January, in anticipation of significant expected liabilities from wildfires in the state. The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.
Chicago Fed head Charles Evans, Boston Fed President Eric Rosengren and Kansas City Fed President Esther George are among some of the Fed officials scheduled to speak this week. The Fed kept interest rates on hold earlier this month and indicated that there would be no further rate hikes this year — after indicating in December that two could take place. A U.S. trade delegation, headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin is to travel to Beijing this week to meet with Chinese Vice-Premier Liu He for further talks aimed at resolving the trade conflict between the world's two largest economies.
Buffet's elementary probability approach keeps his investing analysis simple: he focuses on transparent companies with a wide moat that is easy to understand and logical in their progression. However, Buffett is also known for his deep value approach which he perfected through his study and work with Benjamin Graham. His value approach combined with a simplified understanding of companies limits the investable universe for Berkshire's portfolio to companies with low P/Es, high levels of cash flow, and sustained earnings.
However, this move higher has occurred despite Aurora making no moves into the U.S. hemp market. Moreover, ACB stock trades close to levels it saw before it started falling in October, portending a possible double top in the equity. Considering the stock price and other factors, investors should probably avoid Aurora Cannabis stock at these levels.
Since the start of the year, China's iQIYI (NASDAQ:IQ) stock has been on a tear. A Chinese internet vide company, iQIYI was spun off from Chinese search engine Baidu (NASDAQ:BIDU). IQ stock, which sold for under $15 at the start of January, was trading for $26 this afternoon.
It was a big week for cannabis banking, as the SAFE Banking Act, which would provide protection to financial institutions that work with legal, compliant cannabis businesses, was scheduled for its first markup in the House Financial Services Committee Tuesday, March 26. The bill was introduced by Representatives Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH) and has 138 co-sponsors in the House. “Allowing banks to work with the cannabis industry is vital for public safety, transparency and increasing access to capital for small businesses and marginalized communities,” said Morgan Fox, spokesman for the National Cannabis Industry Association, which is lobbying heavily for the bill.
Many public and private sector employers heavily subsidize premium payments or premium equivalent rates to attract and retain key employees. As part of a negotiated or collectively bargained retirement package, pre-65 retiree coverage typically continues the same contribution levels to which the employee was accustomed. Thus, group retiree health insurance may contractually remain close to affordable pre-retirement levels or, in some instances, present no cost at all.