Shares of Equifax (EFX) are in focus after the company appointed former GE (GE) executive Mark Begor as its new chief executive officer. The appointment comes as Equifax faces increased regulatory scrutiny after it revealed that additional customer information was compromised in the data breach beyond what was previously disclosed. NEW CEO: Equifax appointed Begor,…
The Bureau of Economic Analysis (BEA) revised upward fourth quarter 2017 Real GDP. The second estimate had been revised lower to 2.50458% (continuously compounded annual rate of change) from the advanced estimate. The third and final calculation raises the quarterly increase to 2.84707%. None of the changes are substantial. Accompanying these revisions are the BEA’s…
What high-growth trend could put Netflix out of business, run over Uber and set eSports on a supercharged path? Blockchain, apparently. The hottest trend since, well, bitcoin, is a bit of a mystery. On the face of it, blockchain is a decentralized digital ledger where cryptocurrency transactions are chronologically logged for the public good. But…
Look, I don’t know. Maybe tech will rebound on Wednesday and manage to close green, but the first couple of hours were a continuation of Tuesday’s bloodbath and what I would say to anyone who thinks this is somehow surprising is that maybe common sense took a backseat to “FOMO” sometime in 2017. And when…
£593,369 – the average price of a house in London in January! (That’s about $829,000.) $1 million plus – what 400 square foot condos go for in Vancouver! $1.5 million – the cost of a median house in San Francisco! $20 million – for a 2,000-square foot penthouse condo with a view of Central Park!…
“Some things never change. Some things do.” You might be wondering why we are quoting one of the lines from the Matrix movie. The reason is because that’s exactly what we can say about the gold market and the price patterns in it. The thing that never changes is the fact that gold will always…
Are you a frequent visitor to retail drugstores? Then you must have come across at least one of the more than 13,200 drugstores operated by Walgreens Boots Alliance, Inc. (WBA – Free Report) . This Illinois-based company is the first global pharmacy-led, health and wellbeing enterprise. Currently, Walgreens Boots has a Zacks Rank #3 (Hold) but that could change…
After rebounding strongly from an early February market selloff, the technology sector is once again caught in wild trading thanks to the decline in FANG stocks. This is especially true as the NYSE FANG index, which tracks the 10 biggest and most active tech stocks in the world, slipped into correction territory from its Mar…
EURUSD pair saw a follow through lower on the back of its Tuesday correction on Wednesday. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550…
Headlines proclaim housing ‘fixed’ as pending home sales jumped 3.1% MoM in Feb (better than expected 2.0% gain), rebounding from a downwardly revised January collapse of 5.0%. Bloomberg notes that while the month-over-month gain shows demand for housing is still getting support from steady hiring, the market is facing several headwinds. Buyers are up against a persistent shortage…
