Financial and Economic Brief - April 24, 2018by © Liberty Publishing, Inc.
• 10-Year Yield Reaching Higher - The U.S. 10-year Treasury yield could hit the 3 percent threshold — a level deemed “worrying” by investors.
• Wells Fargo Fines - Federal regulators are close to fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees.
• Existing Home Sales Rise - The National Association of Realtors said that existing home sales rose 1.1 percent to a seasonally adjusted annual rate of 5.60 million units last month.
Financial and Economic Brief - April 10, 2018by © Liberty Publishing, Inc.
• Dow Volatility Continues - The new normal on Wall Street is about “wild fluctuations, mammoth moves and rapid-fire price reversals”.
• Gradual Rate Hikes, Appropriate - Federal Reserve President Charles Evans, said that he is “optimistic” inflation will reach the Fed’s 2% goal and that slow, gradual rate increases will be appropriate.
• Russia’s Ruble Falls - Russia’s ruble experienced its biggest one-day fall for over two years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions.
Financial and Economic Brief - April 3, 2018by © Liberty Publishing, Inc.
• Small Business Hiring Falls - According to a report from Paychex, small-business hiring in March fell to the lowest point in over seven years, while hourly earnings grew steadily.
• Apple to Make Own Chips - Shares of Intel fell 6% Monday on a report that Apple plans to start making its own processors for its computers as early as 2020.
• Spotify’s Strong Introduction - Spotify Technology SA shares “appeared on course” for a strong introduction, with opening price ranges well above where the stock had been trading in private markets.
Financial and Economic Brief - March 27, 2018by © Liberty Publishing, Inc.
• Economic Crisis on Horizon over Trade? - A strengthening in U.S.-China trade tensions, which many are expecting from a new round of tariff threats from both sides, would result in an economic crisis.
• Remington Files for Chapter 11 - Remington Arms Co. and its parent Remington Outdoors filed for Chapter 11 bankruptcy protection over the weekend due to falling sales.
• Facebook Privacy Probe - Shares of Facebook Inc. fell more than 5% after the U.S. Federal Trade Commission announced its investigation of the social network.
Financial and Economic Brief - March 20, 2018by © Liberty Publishing, Inc.
• Rate Hike Strategy - Jerome Powell, chairman of the Federal Reserve, heads toward his first interest rate increase this week.
• Retail Companies against Tariffs - The Trump administration is preparing tariffs against Chinese information technology, telecommunications & consumer products to force changes in Beijing’s intellectual property & investment practices.
• L’Oreal Purchases ModiFace - L'Oreal has purchased ModiFace, a Canadian firm that specializes in artificial intelligence and augmented reality technology.
Financial and Economic Brief - March 13, 2018by © Liberty Publishing, Inc.
• Jobs Grow in February - According to ADP and Moody’s Analytics, companies added 235,000 jobs in the month of February.”
• Change to China’s Constitution - On Sunday China's parliament amended the constitution to remove the limit on the number of terms the president can serve.
• Dropbox Inc. IPO - Dropbox Inc. filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range.