What Will Firms Do With The Extra Cash? With the tax cuts passing today, there have been some firms announcing pay increases and investments. It’s easy to get caught up in anecdotal evidence from headlines. The chart below gives you a more complete picture of what firms are likely to do with the extra money….
Immediately following the passage of the “Tax Cuts and Jobs Act of 2017” (TCJA), companies such as AT&T, currently seeking Trump administration approval for a Time Warner merger, was quick to provide positive reinforcement. Along with Wells Fargo and many other corporate beneficiaries of the tax plan, they announced programs to reward employees and expand jobs in…
The Brexit debate (please grant the word “debate” its widest latitude) has been heavily criticised on both sides for inaccuracies, scares and out-and-out lies. On the Leave side, the most egregious and obvious lie was that leaving the EU would mean that £350 million per week could be given to the NHS instead of paying…
Jen Rogers and I spent some time together in the Yahoo Finance NYC studio. We covered everything that was rattling around in my head that cold Manhattan afternoon. I said I would fly back once the yield curve inverted… Video Length: 00:09:19
EUR/USD Daily Chart Technical Outlook: Euro has been trading within the confines of a well-defined descending pitchfork formation extending off the yearly high. Price established the monthly opening range lows along the median-line with the recovery now targeting confluence resistance at 1.1898-1.1903 – a region defined by the monthly open and the November high-day reversal close. A breach above…
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for October. Here is the opening of the report: Washington, D.C. – U.S. house prices rose in October, up 0.5 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3…
One of my more regular topics that I write about on the blog from time to time is an update on sentiment measures, both individual and business. Sentiment might be viewed as the third leg of a stool, with the other two being the economy and business financial health or earnings growth. Without positive sentiment…
The price-to-book (P/B) ratio is widely favored by value investors for identifying low-priced stocks with exceptional returns. The ratio is used to compare a stock’s market value/price to its book value. The P/B ratio is calculated as below: P/B ratio = market price per share/book value of equity per share P/B ratio reflects how many…
In its third and final estimate of the third-quarter GDP, the economy grew at 3.2%. The revision is statistical noise. The BEA reports Third-Quarter 2017 GDP at 3.2%, down from 3.3% in the second estimate. Details Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2017. Real gross…
