|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||63.67 - 63.93|
|52 Week Range||50.32 - 64.16|
|PE Ratio (TTM)||168.86|
|Expense Ratio (net)||0.49%|
The European Union (EZU) has ordered US (SPY) giant Apple (AAPL) to pay ~$15.3 billion in unpaid taxes after the European Commission (or EC) ruled in 2016 that Apple’s tax deal with Ireland was contrary to EU law. Apple formed a subsidiary, Apple Sales International (or ASI), in Ireland in 1991.
The Japanese yen (JYN) was the only major currency that was unable to benefit from the weakness in the US dollar (UUP), although that trend changed during the week ended January 12. During the week, the yen (FXY) closed at 111.04 against the US dollar (UUP), compared to 113.08 in the week ended January 5, appreciating by 1.8%. The boost to the yen came from the US dollar’s weakness and the comments from Bank of Japan governor Haruhiko Kuroda, who expressed confidence about the Japanese economy.
A few days back, BMO Capital Markets analyst Tim Long downgraded the rating on Western Digital (WDC) stock to “market perform” from “outperform.” Long expects WDC stock to be range-bound in the short term and lowered the 12-month price target on the stock to $85 from $120. Although Long believes the fundamentals of WDC stock to be solid, a flash storage demand-supply balance is expected to limit the potential improvement in profit margins and revenue growth for the firm. Long stated, “Given the cyclical nature of the memory industry, we believe valuation will remain depressed on the expected slower growth and lower gross margins.” BMO Capital has projected a 7% YoY decline for HDD (hard disk drive) shipments in 2019.
Emerging markets were on the rebound Thursday after two consecutive days of decline, resuming a two-year rise and justifying the Street’s enduring enthusiasm. "What it's starting to show is that the ...
The United States holds the largest trade deficit in the world. A trade deficit arises when a country imports more goods and services than it exports. The US economy has had a trade deficit for more than four decades and continues to increase the deficit every year.
The Japanese yen (JYN) is the only currency that is unable to capture the weakness in the US dollar (UUP). For the week ended January 5, 2018, the Japanese yen (FXY) closed at 113.09 against the US dollar (UUP) compared to 112.69 in the previous week, depreciating 0.35%. The Japanese markets were closed three days last week, and no economic data were reported.
According to the latest trade deficit report, exports of food, feed, and beverages have decreased $1.3 billion, and soybean exports have decreased $1.4 billion.
For the week ended December 15, the Japanese yen (FXY) closed at 112.58 against the US dollar (UUP), appreciating by 0.79%.
The Japan Services PMI fell in November 2017. It came in at 51.2 compared to 53.4 in October. It didn’t meet the market expectation of 52.0.
Square’s (SQ) venture into bitcoin trading through its Square Cash app has Wall Street talking, and now it appears Wall Street is divided about whether the company made the right move.
Ride-hailing company Lyft seems to have profited from rival Uber’s tumultuous year. Lyft has managed to increase its market share in the United States (SPY), at Uber’s expense.
With global economies progressing toward normalcy or the “new normal,” as Williams called it, central banks are moving toward normalizing policy by signaling interest rate hikes.
As investors consider international equity opportunities diversify away from potentially overvalued U.S. domestic equities, some have turned to Japanese markets and country-specific ETFs. Many may automatically ...
The Conference Board CEO Confidence Survey is a quarterly report based on a survey that collects responses from approximately 100 CEOs who represent a variety of industries.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.