McDonald’s posted its second quarter earnings report before opening bell this morning, posting earnings of $1.26 per share and revenue of $6.5 billion. Analysts had been expecting earnings of $1.23 per share on revenue of $6.4 billion. In the same quarter last year, the fast food chain posted earnings of $1.40 per share on sales…
Greece’s Government managed to pass the key reform measures necessary for starting the negotiations for the new 86 billion EURO bailout, but the news did not have any impact on EURUSD. GBPUSD lost some ground after the release of Bank of England minutes that revealed a hawkish stance of some of its members. Key data…
Freeport-McMoRan Inc. (FCX – Analyst Report), formerly Freeport-McMoRan Copper & Gold Inc., is a mining giant that is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining of copper concentrates. Freeport’s copper business remains affected by the sluggish global economy, slowdown in China…
The Chicago Fed National Activity Index’s three-month average (CFNAI-MA3) increased to -0.01 in June, reflecting US economic growth that’s effectively at the historical trend rate (i.e., a reading of zero). The rise marks the third consecutive month of modest improvement in economic output, according to this metric in today’s report from the Chicago Fed. The revised data…
The USD/MXN rose during the course of the session on Wednesday, breaking above the 16.11 level. This coincides nicely with a significant breakdown in the oil markets, as we found ourselves trading below $50 for the first time in ages. With this, it makes sense if the Mexican peso should continue to break down overall,…
General Motors Company (GM) released its second quarter earnings report before opening bell this morning, posting earnings of $1.29 per share, a remarkable 122% growth rate year over year, on $38.2 billion in revenue, a 3.5% year over year decline. Analysts had been expecting earnings of $1.08 per share on revenue of $40.62 billion. Shares of…
Perhaps the most interesting thing about China’s “unprecedented” plunge protection efforts – which, as we outlined on Wednesday, have succeeded in making China Securities Finance Corp. a top-10 shareholder in at least eight firms – is that in some ways, they aren’t “unprecedented” at all. That is, while some of what we’ve seen out of Beijing over…
Hot stocks of the day: GM, STM, LUV Video length: 00:04:15
Social media giant Facebook Inc (FB) is slated to announce second quarter 2015 earnings on Wednesday, July 29 after market close. The street expects the company to post earnings of $0.47 a share and $3.98 billion in revenue, up from $0.42 earnings per share and $2.91 billion in revenue the same quarter a year prior….
Fox Business asked Peter Schiff to explain why investors should continue to hold on to their gold, rather than sell it at a loss. Peter clarified that he has never recommended investing only in gold and not in stocks. Instead, owning gold is a way to protect yourself from fiat money and central bank policy….
