Ripple can be expected to “convert the remaining crypto cynics,” affirms the boss of one of the world’s largest independent financial services organizations. iq501 / Pixabay The prediction from Nigel Green, the founder and CEO of deVere Group, comes as Ripple (XRP) experienced a spike last week, adding another $62bn to its market value. The cryptocurrency…
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 15.80 was a decrease of 6.7 from the previous month’s 22.50. The Investing.com forecast was for a reading of 18.80. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above…
The markets were witness to another week of volatility with various themes playing out. The uncertainty surrounding trade wars finally eased after the Chinese Premier was seen softening his stand last week in a speech where he promised to open the doors to China’s markets. The week ahead will continue to see the volatility especially in Syria…
J.B. Hunt Transportation Services, Inc. (JBHT – Free Report) reported first-quarter 2018 earnings per share of $1.07, missing the Zacks Consensus Estimate of $1.09. How Was the Estimate Revision Trend? Investors should note that the earnings estimate revisions for J.B. Hunt depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate…
After 3 straight months of declines, March retail sales surprised to the upside bouncing 0.6% MoM (+0.4% exp), but ex-autos/gas was a disappointment (rising 0.3% vs 0.4% expectations). The 0.6% MoM spike was higher than the highest (of 71) economists’ estimate Eight of 13 major retail categories showed increases. Sales at health and personal-care stores rose 1.4 percent, the…
After a lengthy snooze, market volatility resurfaced in Q1. The year started off hot. US stocks rose 5.2% in January and extended the S&P 500’s all-time record for consecutive positive months to 15. But February began with a sharp drop that barely dipped into 10% correction territory. In the end, the ups and downs roughly…
The chart above looks at the Thomson Reuters Equal Weighted Commodity Index over the past 50-years, on a monthly basis. The index has spent the majority of the 40-years inside of rising channel (1). While inside of this rising channel the index has spent the majority of the past 7-years inside of falling channel (2)….
Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.55%) this morning are up +0.62% and European stocks are little changed, down -0.13%, on speculation there will be no retaliation by Russia to the U.S., French and UK airstrikes and missile attacks against Syrian chemical weapons installations late Friday night. May WTI crude oil (CLK18 -1.14%)…
As we approach “tax day” in the U.S., I wanted to take a moment to revisit the issue of taxes, who pays what, and why the “Tax Cut and Jobs Act” will likely have limited impact on economic growth. This week, Laura Saunders penned for the WSJ an analysis of “who pays what” under the U.S. progressive tax system. The data she used…
This month, the price of WTI crude oil has surged by more than 7% while Brent has surged by almost 10%. The upward movements of the crude oil may be attributed to the ongoing risks in the Middle East. The Syrian crisis has escalated, leading the US, UK, and France to launch targeted attacks. Russia…
