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US Dollar Is Dominating the Forex Markets

Ricky Cove
US Dollar Is Dominating the Forex Markets

The US Dollar Index (UUP) managed a sharp recovery last week. The appreciation seemed to be due to tariff announcements instead of the Fed’s hawkish tone after the May FOMC meeting. The only interpretation of the rise in the US dollar would be that investors were seeing trade tensions as a temporary setback to global trade, which could result in a better deal for the US. The US Dollar Index closed for the week ending June 15 at 94.78 and appreciated 1.3%.

  • Business
    Reuters

    UPDATE 1-Euro zone bond rally continues, bolstered by ECB rate-cut hopes

    Euro zone government borrowing costs slipped further on Thursday, though bond prices gave up some of their earlier gains after a robust U.S. factory reading sent U.S. Treasury yields higher. German bonds, the benchmark for the single currency bloc, saw yields touch session lows after Bloomberg News reported that European Central Bank staff were studying a potential change to the bank's inflation goal of near 2%. Yields later rose off those levels, tracking U.S. Treasuries after a Philadelphia manufacturing index rebounded strongly in July, adding to recent data that shows an improving U.S. economy.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of AGRO earnings conference call or presentation 22-May-19 1:00pm GMT

    Q1 2019 Adecoagro SA Earnings Call

  • I’m 65, my mortgage is paid off and I have $370,000 in savings, so why I am still worried about money?
    News
    MarketWatch

    I’m 65, my mortgage is paid off and I have $370,000 in savings, so why I am still worried about money?

    I do know that mom and dad always taught us to save something from each paycheck and to plan for the rainy day. That said, I can't help but worry about money. I don't consider myself a spend thrift and have charitable donations between 10% and 15% each year.

  • Shareholders Are Raving About How The Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) Share Price Increased 326%
    Business
    Simply Wall St.

    Shareholders Are Raving About How The Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) Share Price Increased 326%

    Dalmia Bharat Sugar and Industries Limited (NSE:DALMIASUG) shareholders might be concerned after seeing the share price drop 13% in the last quarter. Indeed, the share price is up a whopping 326% in that time. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

  • A Passenger Was Fined $105,000 and Banned for Life for 'Extremely Disruptive Behavior' on an Airplane
    World
    Time

    A Passenger Was Fined $105,000 and Banned for Life for 'Extremely Disruptive Behavior' on an Airplane

    An unruly passenger has been billed $105,000 after her “extremely disruptive behavior” caused a flight to be diverted with a military escort. British budget carrier Jet2 accused passenger Chloe Haines of “a catalogue of aggressive, abusive and dangerous behavior,” including trying to open the aircraft door, during a flight from the U.K. to Turkey. The airline said in a statement Haines was restrained by crew with the help of other passengers as two military fighter jets escorted the aircraft back to London Stansted.

  • Microsoft is killing it in all businesses except for one
    Business
    MarketWatch

    Microsoft is killing it in all businesses except for one

    Microsoft Corp. just demonstrated why it is the most valuable U.S. company by showing off growth across more than a dozen different businesses within the tech giant. Microsoft (MSFT) beat on earnings, even excluding a tax benefit of $2.6 billion, or 34 cents a share, for transferring some of its intangible properties to Ireland, and shares added 2.7% to its market-leading $1.045 trillion market cap in the extended session. Microsoft was led by stellar results in the Azure cloud computing, LinkedIn and cloud-software segments, with only one laggard: The Xbox gaming business and its related services.

  • Why Japanese-Americans received reparations and African-Americans are still waiting
    World
    Quartz

    Why Japanese-Americans received reparations and African-Americans are still waiting

    In June, the United States House of Representatives held a debate about reparations to African-Americans. One of the questions in this discussion is why Japanese-Americans received reparations for their internment by the US federal government during the Second World War, yet African-Americans have yet to receive reparations for their ancestors' enslavement or for other crimes committed against them. I published an article comparing reparations to Japanese-Americans and African-Americans in the journal, Social Forces, in 2004 after a colleague, Rodney Coates, professor of Global and Intercultural Studies at Miami University, asked me this question.

  • 10 High-Flying, Overvalued Stocks in Danger of Crashing
    Business
    InvestorPlace

    10 High-Flying, Overvalued Stocks in Danger of Crashing

    The U.S. stock market again has moved to an all-time high — and more than a few investors are worried. Finding stocks to buy is exceedingly tough, with growth names in particular at valuations not seen since the heady days of the dot-com bubble. For the most part, stocks have simply climbed the proverbial “wall of worry“. And those investors who have seen many growth stocks as “too expensive” in many cases have missed out on huge gains.

  • How Much You Really Take Home From a $100K Salary in Every State
    Business
    GOBankingRates

    How Much You Really Take Home From a $100K Salary in Every State

    The state also has relatively low property taxes. Georgia Take-home salary: $67,567 City evaluated: Atlanta Georgia is not a tax-friendly state, with residents paying nearly a 6 percent income tax. Sales taxes also are relatively high, and even groceries are taxed in some parts of the state.

  • New $60K Mid-Engine Corvette an 'Incredible Value': GM's Reuss
    News
    Bloomberg

    New $60K Mid-Engine Corvette an 'Incredible Value': GM's Reuss

    General Motors Co. President Mark Reuss discusses the new mid-engine Corvette, driver assistance systems development, and workforce relations. He speaks with Bloomberg's David Westin on "Bloomberg Markets."

  • Are We in a Baby Boomer Retirement Crisis?
    Business
    Investopedia

    Are We in a Baby Boomer Retirement Crisis?

    However, the survey also found that the majority of Americans have more than $10,000 saved for retirement: close to 7% have saved between $10,000 to $49,999; 13% have saved between $50,000 and $99,999, 12% have saved between $100,000 to $199,999; 10% have saved between $200,000 to $299,999, and 16% have over $300,000 in retirement savings. Research by the Insured Retirement Institute (IRI) also suggests trouble for some retiring Boomers. According to the study, 45% of Baby Boomers have no retirement savings.

  • Chevrolet unveils new Corvette, this one with engine behind the driver (PHOTOS)
    Business
    American City Business Journals

    Chevrolet unveils new Corvette, this one with engine behind the driver (PHOTOS)

    Chevrolet introduced its new Corvette model in Southern California on Thursday — the first mid-engine Corvette in the company's history. At an unveiling in Orange County, the General Motors (NYSE: GM) unit revealed a new Corvette that it claims "drives better than any vehicle in Corvette history." Chevrolet officials said the front-engine model, which it's been making since 1953, "reached its limits of performance," which is why they said the new engine is located behind the driver.

  • AmEx warns of higher costs as it boosts rewards program, shares fall
    Business
    Reuters

    AmEx warns of higher costs as it boosts rewards program, shares fall

    American Express Co warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday. AmEx cards, for long the preferred choice of affluent Americans, is now battling competition from JPMorgan Chase & Co's Sapphire Reserve and Citigroup Inc's Prestige Card. AmEx has been ramping up its reward programs on its cards and striking partnership deals with a number of companies in a move to attract and retain customers.

  • The CEO of railroad giant CSX says he’s baffled by the U.S. economy
    Business
    MarketWatch

    The CEO of railroad giant CSX says he’s baffled by the U.S. economy

    CSX Corp. Chief Executive James Foote professed himself baffled by the current state of the U.S. economy, which the railroad operator blamed in part for its second-quarter miss. “The present economic backdrop is one of the most puzzling I have experienced in my career.” — James Foote, CEO, CSX Corp. In many cases, CSX's “industrial customers' volumes (are) continuing to show weakness with no concrete signs of these trends changing,” he said.

  • At Tesla, another quarterly loss is likely, but Wall Street is hoping demand remained intact
    Business
    MarketWatch

    At Tesla, another quarterly loss is likely, but Wall Street is hoping demand remained intact

    Tesla Inc. is expected to report second-quarter results after the bell Wednesday amid a rally for its battered stock fueled by better-than-expected quarterly sales. Investors will zero in on Tesla's (TSLA) outlook for the year and whether the company will continue to say it will sell 360,000 to 400,000 vehicles this year as promised. Tesla earlier this month reported second-quarter sales that were above Wall Street expectations (and a record for the company, it said.) That has buoyed the stock in recent sessions and primed investors to expect a smaller quarterly loss next week.

  • How Financially Strong Is Applied Industrial Technologies, Inc. (NYSE:AIT)?
    Business
    Simply Wall St.

    How Financially Strong Is Applied Industrial Technologies, Inc. (NYSE:AIT)?

    Mid-caps stocks, like Applied Industrial Technologies, Inc. (NYSE:AIT) with a market capitalization of US$2.2b, aren't the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. AIT's financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. Don't forget that this is a general and concentrated examination of Applied Industrial Technologies's financial health, so you should conduct further analysis into AIT here.

  • CrowdStrike skyrockets on strong first earnings report after IPO debut
    Business
    Yahoo Finance Video

    CrowdStrike skyrockets on strong first earnings report after IPO debut

    CrowdStrike shares are soaring after the cybersecurity company reported earnings for the first time since its IPO. Yahoo Finance's Dan Roberts joins Seana Smith on 'The Ticker' to discuss.

  • How Many Zynga Inc. (NASDAQ:ZNGA) Shares Do Institutions Own?
    Business
    Simply Wall St.

    How Many Zynga Inc. (NASDAQ:ZNGA) Shares Do Institutions Own?

    If you want to know who really controls Zynga Inc. (NASDAQ:ZNGA), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. With a market capitalization of US$5.8b, Zynga is rather large.

  • Business
    MarketWatch

    J.C. Penney shares tank after report that it hired debt advisors

    J.C. Penney Co. Inc. (jcp) shares fell 10.2% in Friday premarket, and more than 11% after the market opened following a late-Thursday report that it has hired advisors to restructure its debt in order to allow for more time for a turnaround. J.C. Penney stock has fallen 65% over the past year while the S&P 500 index (spx) has risen 6.1% over the period. "Although we recognize that J.C. Penney continues to maintain good liquidity, with about $1.75 billion of revolver availability and cash, our downgrade to Caa1 stable reflects the reality that leverage remains extremely elevated as the company embarks on its turnaround," Moody's wrote in a June 17 note.

  • Merkel and Trudeau are the latest to criticize Trump rally “send her back” chant
    Politics
    Quartz

    Merkel and Trudeau are the latest to criticize Trump rally “send her back” chant

    US president Donald Trump's ongoing attacks on Muslim congresswoman Ilhan Omar culminated in a chilling moment July 17 at his “Make America Great Again” re-election rally in North Carolina. Trump continued his now days-long attack on four Democratic congresswomen at his rally in North Carolina on Wednesday night, eliciting chants of "send her back" from the crowd. “We are facing an emergency,” Yale philosophy professor Jason Stanley tweeted after the rally.

  • Business
    Motley Fool

    Why CrowdStrike Stock Skyrocketed Today

    This was CrowdStrike's first earnings report as a public company after its IPO last month. So what Total revenue in the first quarter more than doubled to $96.1 million, including subscription revenue of $86 million. Annual recurring revenue (ARR) jumped 114% to $364.6 million, and subscription gross margin expanded to 72% as reported under generally accepted accounting principles (GAAP).

  • Boeing earnings: Expect more on 737 Max fallout
    Business
    MarketWatch

    Boeing earnings: Expect more on 737 Max fallout

    Boeing Co. is expected to report second-quarter earnings before the bell Wednesday as the aircraft maker's stock continues to show resilience against the 737 Max fallout. Boeing (BA) late Thursday said it would see a $5.6 billion hit over the grounding of the 737 Max aircraft. The shares rallied on Friday as investors took it as good news that Boeing was putting a relatively paltry initial price tag on the 737 Max issues.

  • Analyst Downgrade Weighs on Aurora Cannabis Stock
    Business
    Motley Fool

    Analyst Downgrade Weighs on Aurora Cannabis Stock

    Aurora Cannabis (NYSE: ACB) ended Friday down more than peer marijuana stocks, as the market digested news of an analyst downgrade. Yesterday, it was reported that Bank of America Merrill Lynch analyst Christopher Carey cut his recommendation on Aurora to neutral from buy. Although he still finds things to admire about the company, he expressed concern in a note to the bank's clients that Aurora "is burning cash and by our estimates could be cash negative by first quarter 2020."

  • The biggest bull market ever — yet disaster looms for millions of retirees
    Business
    MarketWatch

    The biggest bull market ever — yet disaster looms for millions of retirees

    That's because — get this — the wealthiest 10% of households own 84% of all stocks—and that includes pension plans, 401(k) accounts and individual retirement accounts (IRAs) as well as trust funds, mutual funds and college savings programs like 529 plans. That means 90% of American households own the remaining 16% of all stock. These sobering stats come courtesy of Edward N. Wolff, an economist at New York University, who tells the New York Times “For the vast majority of Americans, fluctuations in the stock market have relatively little effect on their wealth, or well-being, for that matter.

  • US authorities seize $19 million worth of bitcoins in dark web drug probe
    Business
    The Block

    US authorities seize $19 million worth of bitcoins in dark web drug probe

    The U.S. government has seized $19 million worth of bitcoins from a drug trafficker, who allegedly laundered funds through the cryptocurrency on the dark website known as "Silk Road." The U.S. Attorney's Office for the Southern District of New York announced the news on Thursday, saying that the trafficker, Hugh Brian Haney, 60, was arrested near Columbus, Ohio. In 2017 and 2018, Haney allegedly transferred bitcoins representing drug proceeds he had earned through Silk Road to an account held at a company involved in the exchange of bitcoin and other cryptocurrencies.