Yesterday’s update of the Federal Reserve’s quarterly economic forecast is a minor triumph for optimism. The central bank still expects that US GDP in 2015 will increase in the range of 2.6% to 3.0%, unchanged from its previous estimate in September. That’s a mild expansion, but it’s a step up from the Fed’s 2.3%-to-2.4% GDP outlook for…
Wheeee – what a ride! As we expected, the anticipation of the Fed doing something wonderful led to a big rally in the morning and the fact that the Fed didn’t actually do anything at all wasn’t enough to stop the party train once it left the station. At the moment, we are expecting…
A Bitcoin exchange in the Philippines, Coins.ph has just added an instant remittance service to its list of its options, allowing users to withdraw, remit and send money directly from a bank’s ATM using this service. This should be tremendously beneficial for users in emerging market countries who may not have access to banking services. Coins.ph firmly…
CNBC’s Futures Now interviewed Peter Schiff yesterday to hear what he expects from the Federal Reserve’s announcement this afternoon. They also spoke at length about gold, which Peter points out hasn’t gone down at all in 2014 contrary to many expert forecasts. In fact, when priced in other global currencies and stock markets, gold has…
Flowers Foods (FLO) sells bread and cake products under the Nature’s Own, Wonder, Cobblestone, and Tastykake brands, among others. The company has a market cap of $3.9 billion and a dividend yield of about 2.9%. Excluding the impact of spin-offs and divestitures, Flowers Foods (formerly Flowers Industries) has paid steady or increasing dividends since 1987. …
Today’s blog will simply be a selection of charts which are showing interesting technical charts. OZFOREX Group (OFX) Click on picture to enlarge Qantas (QAN) Click on picture to enlarge Capitol Health (CAJ) Click on picture to enlarge Tabcorp Holdings (TAH) Click on picture to enlarge Happy Trading Flavio
Shares of Apogee Enterprises, Inc. (APOG – Analyst Report) rose nearly 5% after the company reported strong third-quarter fiscal 2015 results. Earnings improved an impressive 42% year over year to 47 cents per share. However, it lagged the Zacks Consensus Estimate by a penny. Total revenue increased 23% year over year to $244.4 million driven by double-digit growth in…
Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention…
Investing Daily Article of the Week by Robert Rapier, Investing Daily When I first went to work for ConocoPhillips (NYSE: COP), I worked on technology development. I had spent the previous seven years working in the chemical industry, and didn’t know all that much about the oil industry. My first job at ConocoPhillips was helping with a gas-to-liquids…
Asian shares rallied on Thursday after U.S. stocks enjoyed their strongest session this year as the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus. The jitters of recent days also calmed somewhat as Russia managed to stabilize its ruble, if only for now, and oil prices bounced…
