Mastercard Inc (NYSE:MA) and Barclays PLC (NYSE:BCS) (LON:BARC) released their latest earnings reports before opening bell. MasterCard reported adjusted earnings of 81 cents per share and revenue of $2.4 billion. Analysts had been looking for earnings per share of 85 cents and revenue of $2.4 billion. Barclays posted pretax profits of £3.114 billion, a 25% increase year…
Beijing’s efforts to engineer a strong stock rally and the recent Shanghai market collapse have had quite limited effects on western markets, but going forward the fallout from Chinese market meddling will likely be less benign. Unlike western corporations, Chinese businesses are much more dependent on bank financing than selling stock to raise capital. And…
Devaluation has a negative consequence few mention: the cost of imports skyrockets. When stagnation grabs exporting nations by the throat, the universal solution offered is devalue your currency to boost exports. As a currency loses purchasing power relative to the currencies of trading partners, exported goods and services become cheaper to those buying the products with competing…
Econintersect’s Economic Index declined to the lowest level since April 2010. The tracked sectors of the economy remain relatively soft with most expanding at the lower end of the range seen since the end of the Great Recession. Our economic index has been in a long term decline since late 2014. Our employment six month forecast…
The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the…
I recently read an article that attempted to dive into the nuances of trading the United States Oil ETF (USO) versus the United States Gasoline ETF (UGA). I suddenly realized that through all the nuanced comparisons the forest was being lost for the trees. Since at least 2009, UGA has greatly outperformed USO. In fact,…
EUR/USD Signal Update Yesterday’s signals might have given a profitable long trade off a retest of the broken trend line, depending upon how the trend line was drawn. Today’s EUR/USD Signals Risk 0.75% Trades may only be taken before 5pm London time today. Any open trade should be protected before 6:30pm London time. Long Trade 1…
During the session on Wednesday, we have the FOMC Statement coming out, as well as the Federal Bones Rate out of America. This of course will move the markets drastically as we wait to see whether or not the Federal Reserve suggests when the next rate hike is coming. While most people recognize that we…
