As the Federal Reserve prepares to begin paring the size of its $4.5 trillion balance sheet next month, analysts at Deutsche Bank on Wednesday warned that what they have dubbed the “great central bank unwind” is one of several candidates for creating the next financial crisis. The wide-ranging report examines other potential sparks for the next financial cataclysm, including political turmoil in Italy, a potential “China crisis,” the rise of populism and the impact of Britain’s formal exit from the European Union.
Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need
General Mills Inc. delivered weaker-than-expected earnings and revenue as demand fell for the company's key cereal and yogurt offerings. Shares of the Golden Valley-based food company are down more than 5 percent in premarket trading, to $52.60. Reuters has an early report on the fiscal first-quarter numbers from General Mills (NYSE: GIS), which reported net income of $404.7 million, down from $409 million a year ago (though per-share earnings rose from 67 to 69 cents). Excluding one-time items, earnings were 71 cents per share. Sales fell 3.5 percent to $3.77 billion, hurt by declines in U.S. sales of cereal (down 7 percent) and yogurt (down double digits). Analysts had expected General Mills