Aside: I am not chasing anything today as the market is pulled very far from its 13 day moving average. If anything if S&P 1220 is broken to the downside, I’d like to do an intraday index short.
Non-farm payrolls rose a seasonally adjusted 151k in October according to the BLS, the best since May. Also on the positive side, revisions to prior months were +56k for August and +110k for September. In aggregate the US economy has added 874k jobs th…
The Bureau of Labor Statistics reported non-farm payroll employment increased 151,000 in October, while the unemployment rate held steady at 9.6%. On the face of it the number looked positive. According to the Establishment Survey Data private sec…
Federal Reserve Chairman Ben Bernanke defended the Fed’s new $600 billion program to aid the economy on Saturday, rejecting concerns that it will spur runaway inflation.
Almost daily, I receive emails asking how a trader can profit from the Turkish Lira, many of whom are drawn to the high interest rate feature of the currency. It is easy to forget about the huge volatile moves that has plagued the currency since its re…
Kapitall submits:The following is a list of stocks that have seen losses over the last quarter. In addition, all of these stocks have seen an increase in the number of shares shorted during that time.Several short-sellers have already made money on …
Not that long ago central banks were in a race who can slash interest rates to zero first. Seems like a distant memory, but the Bank of Japan was the winner then.[More...]
This week we look at the PMI results for China and the US and reflect on their implications. Then we review the monetary policy decisions out over the past week including the announcement from the US FOMC. Then we wrap up with a look at the US employme…
BECKLEY, W.Va., Nov. 6, 2010 /PRNewswire/ — Following a 7-year IRS investigation, a jury in Beckley, West Virginia has acquitted Dr. Randy M. Brodnik and Mr. Anthony I. Kritt of all 14 counts of an indictment for alleged tax evasion, conspiracy to com…
HOUSTON, Nov. 6, 2010 /PRNewswire/ — Gurobi Optimization today announced the release of Gurobi Optimizer 4.0, offering new solvers for quadratic programming, faster performance for difficult optimization problems, and new features.
Increasing sales, …
Quantitative easing 2 is aimed at job creation, yet it is built around the same thinking that helped create this economic messIt is a somewhat ironic coincidence that on the same day as the American electorate rejected out of hand any more talk of fiscal stimulus, Federal Reserve chairman Ben Bernanke, writing in the Washington [...]
With Democrats reeling from midterm election defeat, president on Asian tour appeals to voters back homeBarack Obama has attempted to reach out to voters who deserted the Democrats in the midterm elections at the start of his longest foreign tour, announcing a $10bn (£6.18bn) trade deal with India that he said would pay for [...]
JEKYLL ISLAND, Georgia (Reuters) – The Federal Reserve is trying to help a weak economy with its new $600 billion bond purchase plan, not jump-start inflation, central bank chairman Ben Bernanke said…
PEMBROKE, Bermuda, Nov. 6, 2010 /PRNewswire-FirstCall/ — Allied World Assurance Company Holdings, Ltd (NYSE: AWH) today reported that the company has entered into an agreement to repurchase the remainder of its securities held by certain GS Capital Pa…
Ad hoc anti-cuts group targets phone company over claims it has been let off a tax bill by the RevenueCampaigners have threatened to extend direct action protests after once again forcing Vodafone stores to shut.Activists have gathered under the banner of UK Uncut to demonstrate against Vodafone, claiming it has been let off a tax [...]