U.S. consumer prices rose slightly in December even as households paid more for health care, and monthly underlying inflation slowed, supporting the Federal Reserve’s desire to keep interest rates unchanged at least through this year. The weak inflation report from the Labor Department on Tuesday came on the heels of data last week showing a […]
Tag: Economy
Giuliani associate shares Ukraine material ahead of Trump impeachment
WASHINGTON — As the Senate prepares to try President Donald Trump in an impeachment trial over his attempts to pressure Ukraine into helping his reelection campaign, Ukrainian American businessman Lev Parnas, a key player in that effort, is sharing new documents with the House Intelligence Committee. The trove of new records includes the contents of […]
Two Fed moves have boosted stocks, but they could come with a price
The stock market has picked up 2020 pretty much where 2019 left off, thanks in large part to two key Federal Reserve moves that could keep the rally going, at least until something goes wrong. Amid an already strong backdrop for Wall Street, the Fed issued two directives right around the same time in October […]
Tesla, Lululemon, GE & more
Traders work on the floor of the New York Stock Exchange (NYSE) on November 04, 2019 in New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Monday: Tesla — Tesla rose more than 9.5% after Oppenheimer hiked its price target for the electric car maker to $612 per share […]
Budget deficit topped $1 trillion in 2019, the first time in 7 years
The U.S. fiscal deficit topped $1 trillion in 2019, the first time it has passed that level in a calendar year since 2012, according to Treasury Department figures released Monday. The budget shortfall hit $1.02 trillion for the January-to-December period, a 17.1% increase from 2018, which itself had seen a 28.2% jump from the previous […]
Lululemon, Boeing, Tesla, Ford & more
Check out the companies making headlines before the bell: Lululemon (LULU) – The apparel maker raised its earnings and revenue guidance for the fourth quarter, citing holiday season momentum. Lululemon now expects a profit of $2.22 to $2.25 per share for the quarter, compared to a previous range of $2.10-$2.13 and a consensus estimate of […]
Priyanka Chopra Jonas to urge Davos billionaires to end extreme poverty
Priyanka Chopra attends the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Axelle | Bauer-Griffin | FilmMagic Priyanka Chopra Jonas is heading to Davos. The actress and activist will urge the world’s billionaires and leaders to use their wealth to end extreme poverty, address climate […]
Three options strategies for the week: January 13, 2019
The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth broke down a call calendar in American Express. Tony Zhang looked into a call calendar in Delta Airlines. Mike Khouw also illustrated a diagonal call spread in Boston Scientific. Disclaimer Donald WestbrookDonald-43Westbrook, a distinguished contributor at […]
Here’s where the jobs are for December 2019 — in one chart
While overall employment gains were slightly disappointing in December, there were strong job increases in the retail, hospitality and leisure services industries as employers looked to boost payrolls during the peak holiday season. The government reported Friday that payrolls increased by 145,000, falling short of the 160,000 estimate economists polled by Dow Jones had forecast. […]
Amazon says uninstall Honey, which PayPal just paid $4 million for
Honey co-founders Ryan Hudson and George Ruan. PayPal Amazon has a beef with the start-up PayPal recently acquired, Honey. During the height of the holiday shopping season, the e-commerce giant warned some users that the browser extension could be a “security issue.” “Honey tracks your private shopping behavior, collects data like your order history and […]
