Based on Columbus, OH, L Brands (LB – Free Report) is a retail company with Victoria’s Secret, PINK, Bath & Body Works, La Senza, and Henri Bendel included in its brand portfolio. LB operates over 3,000 company-owned specialty stores throughout the U.S., Canada, the U.K., Ireland, and China, as well as more than 800 franchised locations worldwide. The…
Year-over-year import and export price inflation moderately grew. Analyst Opinion of the Import / Export Price Situation Because of backward revisions – the year-over-year import and export prices were little changed from where we thought we were last month. Import Oil prices were down 0.6 % month-over-month, and export agricultural prices were up 0.6 %….
When millions, or even billions, of dollars are up for grabs, some individuals are willing to play dirty to get their hands on them. Below, World Finance examines five of the biggest financial scandals ever to take place. Charles Ponzi In 1919, Charles Ponzi, an Italian immigrant living in Boston, came up with a scheme…
Stocks and ETFs follow the same code in the market same as the rest of financial instruments like Forex. Every 5 waves impulsive structure is followed by a technical corrective sequences which come in 3-7-11. At the end of the corrective sequence, usually, the instrument will resume the move within the main trend or at least correct…
Today we’re discussing another take relative to the fact that world powers like Russia & China are hoarding tons of silver – but the US is also in our banking system. Why is JP Morgan all over this hedge? Could this mean a silver-backed currency really might be in the near future globally? Video Length:…
In the current discourse, there seems to be some amnesia with respect to when tax cuts occurred, why they occurred, and how they affected Federal budget deficits. Here is some data (read comments to this post. Figure 1: Federal budget balance as share of GDP (blue), cyclically adjusted budget balance as share of GDP (red), June 2017 estimates. NBER…
OPEC’s April monthly report was released this morning and unveiled more of the same: expectations of rising global demand (which will soon be dented as global growth fizzles, impacting the need for commodities, especially in China and EMs), coupled with declining production by OPEC producers (really Venezuela whose oil output is collapsing as the insolvent, hyperinflating state…
The Consumer Price Index for Urban Consumers (CPI-U) released yesterday puts the year-over-year inflation rate at 2.36%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.65%. For a comparison of headline inflation with core inflation, which is based on the…
Oil price hit the highest level in three years on fears of a U.S. strike on Syria. With this, oil price jumped nearly 8% so far this week with U.S. crude rising above $67 per barrel while Brent oil climbed to $72 per barrel. Syria Threatens Oil Supply Although Syria is not a key oil…
Export prices rose 0.3% in March, led by Agriculture, especially soybeans and wheat. The BLS reports U.S. Import Prices Record No Change in March; Export Prices up 0.3%. Import Prices All Imports: Import prices recorded no change in March following rises of 0.3 percent in February and 0.8 percent in January. The index has not declined…
