Financial and Economic Brief - February 13, 2018by © Liberty Publishing, Inc.
• Economy “Still Strong” - According to New York Fed President William Dudley, the economy is “likely to continue to grow above its normal pace”.
• Oil Prices Falling - Oil prices fell 10% this week, dropping below $60 a barrel for the first time in 2018.
• Stock Market Up - Wall Street’s main indexes rose for a second day today, fueled by gains in technology and financial stocks.
Financial and Economic Brief - February 7, 2018by © Liberty Publishing, Inc.
• December Trade Deficit Increased - The U.S. trade deficit increased 5.3% to $53.1 billion, the highest level since October 2008.
• Machines Making Trading Decisions - Wall Street's recent 1,175 drop wasn’t driven by nervous portfolio managers or any other human traders.
• UK Single Market Access in Question - The European Union (EU) wants the power to restrict UK access to the single market during a transition period after Britain leaves the bloc, if it violates agreed upon rules.
Financial and Economic Brief - January 30, 2018by © Liberty Publishing, Inc.
• Increase in Spending, Decrease in Savings - U.S. consumer spending rose 0.4% in December as demand for goods and services increased, but savings dropped to a 10-year low.
• Dr. Pepper Snapple and Keurig Green Mountain Merger - Dr. Pepper Snapple Group and Keurig Green Mountain plan to merge in a deal that creates a beverage giant, with roughly $11 billion in pro forma combined.
• Wall Street Down at Opening - Wall Street fell on Monday from record levels last week, weighed down by a 1.42% drop in Apple shares after a report said it would make fewer iPhone Xs.
Financial and Economic Brief - January 23, 2018by © Liberty Publishing, Inc.
• Global Growth Forecasts - The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 higher by 0.2 percentage points to 3.9%.
• Q4 2017 Growth - Economists say that the economy “quite possibly” grew at a better than 3% annual pace in Q4, as it did in the both Q2 and Q3.
• Stocks Stay Even - World stocks and U.S. bond markets “shrugged off” a government shutdown in Washington, the dollar fell near three-year lows, and the euro resumed its strong start in 2018.
Financial and Economic Brief - January 16, 2018by © Liberty Publishing, Inc.
• Strong Holiday Sales - According to the National Retail Federation, holiday sales rose 5.5% compared to last year, marking the largest jump since the end of the Great Recession.
• Wells Fargo Shares Lower - Shares of Wells Fargo fell after reporting a mixed performance for Q4 2017. They reported revenue of $22.05 billion, which was below the $22.64 billion forecast of financial analysts.
• Consumer Prices Increase - U.S. consumer prices recorded their largest increase in 11 months in December at 0.3%, on gains in the cost of rental accommodations and healthcare.
Financial and Economic Brief - January 9, 2018by © Liberty Publishing, Inc.
• Service Sector Growth Slows - Growth in non-manufacturing economic activity continued to fall in December, after dropping more than expected in November.
• GoPro Cutting 20% of Staff - GoPro is shutting down its drone business and cutting 20% of its staff after “weak demand” for its products.
• S&P, Dow Trade Lower on Monday - The S&P 500 and the Dow were trading lower on Monday, as losses in healthcare and financial stocks hindered Wall Street’s strongest start to a year in a decade.