|Day's Range||0.7900 - 1.9200|
Facebook is riding the cryptocurrency wave as the S&P 500 continues its consolidation and the British pound slides on renewed Brexit fears.
US crude oil active futures have fallen 0.6% in the last week, possibly dragging down or limiting XOP, XLE, OIH, and AMLP, which have returned -1.4%, 0.7%, 1.3%, and 0.7%, respectively.
Retail Sales, Industrial Production and Capacity Utilization all put up numbers strong enough to keep interest rate cut narratives at bay.
The sudden rally in the market was driven by Federal Reserve Chair Jerome Powell's dovish comments last week that “the Fed will act as appropriate to sustain the expansion.” A CNBC article stated that market traders think there's a 70% chance of an interest rate cut in July and a ~60% chance of three rate cuts in 2019.
On June 13, the US Department of Labor reported its jobless claims report for last week. Initial jobless claims rose 3,000 to 222,000 for the week that ended on June 8—below analysts' expectation of 215,000. What does this say about the prospect of a rate cut?
The U.S. economy added 2.6 million jobs in 2018, as employment continued to shine under Donald Trump's presidency. Since U.S. unemployment peaked at around 10% following the 2008–09 financial crisis, the recovery in the job market has dragged the unemployment rate to its lowest level, at 3.9%, since 2000. The unemployment rate dropped even lower to 3.6% in April 2019.
White House Press Secretary Sarah Huckabee Sanders is stepping down at the end of the month President Donald Trump said Thursday afternoon. Sanders, 36, started as deputy press secretary after Trump took ...
Secretary of State Mike Pompeo blamed Iran for attacks on two oil tankers in the Gulf of Oman Thursday and said the incidents are part of a campaign to escalate tension, sending markets lower at the time ...
Paul Tudor Jones has told Bloomberg that he expects an aggressive but short period of rate cuts by the Fed, which is set to meet on June 18 and 19.
Paul Tudor Jones’s Strategy for Fed Rate CutsTrade war expedites the need for rate cutsBillionaire investor Paul Tudor Jones spoke to Bloomberg today ahead of JUST Capital’s event in New York. He thinks the US-China tariff war has expedited
US Deputy Energy Secretary: No Output Cut in Oil ProductionOil production to be sustainedIn an interview with CNBC, US Deputy Secretary of Energy Dan Brouillette said the US will continue to pump oil at its current rate or even increase its
A Perfect Storm for Gold: All Macro Drivers AlignGold price movementIt has been difficult to predict gold movement this year—economic reports have been more or less mixed and US-China trade deal optimism has curbed gold prices. However, as trade
Popular technology stocks have recently staged a rebound. But segmented money flows show the rally is suspect. Let’s examine the issue with the help of a chart. Chart Please click here for a chart showing money flows in 11 popular tech stocks.
On Tuesday, the Invesco QQQ Trust (QQQ) was up 0.3%, SPDR Dow Jones Industrial Average ETF (DIA) was 0.1% higher and SPDR S&P 500 ETF (SPY) rose 0.1%. The equities market have rallied on back-to-back gains in response to hopes that the Federal Reserve would cut interest rates in light of the damaging effects of a prolonged trade conflict. The Fed will meet next week, and investors will be closely watching for hints of a potential monetary policy change.
About 58% asset owners have opted for smart beta products in 2019, an all-time high, per FTSE Russell. Let???s see which smart-beta ETFs have stood victorious in the latest round of trade turmoil.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with John Donahoe, president and CEO of ServiceNow, and former president and CEO of eBay.