The Shanghai Composite Index (SSEC) plunged 8.5% to start trading for the week. The ripple effects were wide and far-reaching even as arguments continue floating that the collapse in China’s stock market matters little outside of China and does not truly reflect on economic conditions in the country. Apple (AAPL) CEO Tim Cook summed up…
Gilead Sciences (GILD) reports its FQ2 ’15 results after the closing bell today. Both Estimize and Wall Street are predicting a fall in EPS and revenues QoQ. Estimize are forecasting an EPS figure of $2.77 and a revenue target of $7.540B. Wall Street estimates EPS to come in at $2.64 and revenues to be $7.360B. …
Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is…
This headline “US Recession Imminent – Durable Goods Drop For 5th Month, Core CapEx Collapses”, following on “Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression”, impelled me to check to see if I’d missed something. Term Spreads The first thing that I wanted to inspect was the term spread, in this case the 10…
The diamond market has never came close to the insane levels reached during the investment boom which peaked in 1980. Diamonds entered a 37 year bear market, which often follows such a major Phase Transition. This warns that we could yet still see the final major low unfold in 2016 on an annual closing basis…
When we talk about the euro, we usually don’t consider the United Kingdom as a dominant presence in the discussion. After all, despite being a member of the Eurozone group, London has opted to keep the Pound Sterling as her local currency. When it came to the latest ongoing Greek crisis, nary a word was…
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped 10.564 million barrels a day, a record level. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer…
Much has been written about how outsourcing has changed the way business works and how it has helped many companies succeed all over the world. We also often read articles about the factors that businesses must consider before deciding to acquire outsourcing services. Unfortunately, not all those who have outsourced are successful and oftentimes it’s because…
Markets shake due to Chinese selloff Chinese stock markets lost over a percent during the session on Monday, as the Chinese markets continue to show signs of weakness. With this, the market looks as if the destruction will continue. With this, a lot of stock markets around the world showed weakness. Looking for value in…
Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear. Last Monday, the index was sitting at a reading of 36. As I write this…
