Source In what could be described as a rather stunning move, the Swiss National Bank (SNB) has decided to cut the interest rate on sight deposits at the SNB into negative territory. This move was necessary to defend the currency against renewed speculative positions which pushed the EUR/CHF exchange rate down again, thus increasing the…
Photo Credit: YouTube Screenshot The Marker reported today that Moovit, an Israeli travel assistant app aimed at public transit users, recently raised $50 million in its latest funding round. The transportation app is used in more than 400 cities and has 12 million users worldwide, 1 million of whom are in Israel. Moovit employs similar crowdsourced tactics…
The EUR/USD pair initially tried to rally during the beginning of the month of December, but you can see that the 1.25 level offered enough resistance to turn the market back around. That being the case, we ended up falling from that area and crashing through the 1.22 level. As you can see on this monthly chart…
Total N. American rail traffic came in at 760k carloads last week just off the all time high (764k carloads) set a few weeks ago. What is interesting about the number is that we would expect it to be much lower heading into the last two weeks of the year. The chart below shows previous…
In recent months we have seen a number of nice charts that pointed out that the Russian government was buying gold like there was no tomorrow. Indeed, the gold reserves of the country have grown significantly over the last few months. This is related to the sanctions that the Western world has put in place,…
Winnebago Industries (WGO – Snapshot Report) recently reported disappointing results for its fiscal 2015 first quarter, citing labor constraints and supply chain disruptions. This prompted analysts to revise their estimates lower for both fiscal 2015 and 2016, sending the stock to a Zacks Rank of 5 (Strong Sell). Until earnings momentum turns around, investors should consider avoiding this…
Summary: The Sentier Research monthly median household income data series is now available for November. The nominal median household income was up $167 month-over-month and $1,669 year-over-year. Adjusted for inflation, it was up $305 MoM (not statistically significant) and up only $1000 YoY. The real numbers equate to a 0.57% MoM increase and a 1.89% YoY increase….
This was originally posted October 27. It’s still relevant.
Photo Credit: Chris Harrison at Creative Commons Gurgaon-based m-commerce and mobile app and solution company Triotech has received its first round of funding of $3 million from Singapore’s venture capital firm BlueHill Asset Management. The money will be used to expand the number of post offices providing mobile money transfer service across the country through its subsidiary Maverick…
