A drawdown in crude oil and a divided Fed minutes helped stocks to rally off support today. After the bell, Bed Bath & Beyond beat their modest expectations and said they would start paying a dividends, which helped spark a rally in the afterhours. Let’s see if they can keep this going. Have a pleasant…
Photo Credit: Theron Trowbridge CarMax, Inc. (KMX) Consumer Discretionary – Specialty Retail | Reports April 7, Before Market Opens Key Takeaways: The Estimize consensus is forecasting EPS of $0.71 and revenue of $3.68 billion, right in line with Wall Street’s estimates CarMax focus on used-vehicles and location expansion could give them an upper hand on the competition…
It Wasn’t Supposed to Do That… When you’re a central banker in a pure fiat money system and even your ability to print your own currency into oblivion is questioned by the markets, you really have a problem. This is actually funny on quite a number of levels if one thinks about it a bit……
The year-over-year rate of growth of the US Coincident Index again declined – but this month insignificantly. A comparison of this US Coincident Index with the Aruoba-Diebold-Scotti business conditions index, Conference Board Coincident Index, ECRI’s Coincident Index, and the Chicago Fed National Activity Index follows. Economic indicators that coincide with economic movements are coincident indicators….
Twitter (NYSE:TWTR) shares have soared 10% after a report emerged that credit card company Mastercard (NYSE:MA) would be interested in pursuing a payment service partnership with the company. MasterCard’s president of international markets told CNBC: “We see companies like Facebook and Twitter occupying a really good space in social media and we are always over in Silicon Valley talking to…
China’s economy is now slowing, and it is buying less from Germany. Nine of Germany’s 10 biggest exports to China fell last year including cars, one of the most important industries in Germany.
Model 3 fever has gone absolutely wild…
At quarter’s end, the Federal Reserve lent out $303.5 billion in reverse repos to Wall Street banks, dealers, brokers and mutual funds, known as the “window dressing” period but as we progress into the new quarter this money has to be paid back, so the last couple of days these same institutions pegged stocks at…
A few companies have come up their first-quarter earnings results, with Alcoa (AA) being the first among the S&P 500 members to report after the closing bell on Monday. The overall earnings picture for the first quarter appears gloomy with estimates remaining low. In fact, over the last three months, Q1 estimates have fallen significantly,…
You wouldn’t have recognized the VC industry of the 1940s. It was puny. And it pretty much stayed that way throughout the 1950s, 60s and 70s. Then the government decided to change the rules. It issued the “Prudent Man Rule,” which allowed pension funds to invest in venture capital. It triggered a surge in VC…
