Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven […]
Since almost immediately after his inauguration as 45th president of the United States, Donald Trump has been claiming credit for what he sees as a miraculous recovery in the nation’s economy. But how much credit is actually due to his administration?
Early optimism among business lobbyists and executives that Donald Trump’s election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, taxes, and trade.
A new app called “Trump Trigger” from Trigger Finance Inc. offers market information and trading alerts about Trump’s tweeting behavior. The app will send a message to users whenever Trump tweets about a stock they own, with options to buy, sell or short.
A perceived victory by Hillary Clinton over Donald Trump in Monday’s first presidential debate pushed stocks up on Tuesday.
In less than half hour of opening, the FTSE 100 Index in London fell from 1.4 percent lower to about 8 percent down. The DAX Index in Germany also fell on opening by over 10 percent, but recovered somewhat to 8.5 percent lower over the next half hour, while the CAC 40 in France opened about 7.5 percent lower and fell further to about 8.5 percent lower in 30 minutes.
Hello, investors. Come join the foreign policy experts in daily panic attacks over what a President Donald Trump would mean for your world. What does one do about a candidate whose tax plan would send America into the fiscal abyss — who flaps lips about not making good on the national debt?
Among its many myths, Wall Street would have you believe that you are better off being “advised” by stockbrokers who will put their own interests ahead of yours. I seek to offer a glossary of what lies beneath such mendacity.
“It’s really Fed watch. That’s what traders are waiting for,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
People with mutual funds often don’t realize that when they get cold feet about 401(k)s, they can’t just get out of their funds on a moment’s notice.
Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.
“Everybody’s just on guard and aware of the potential for greater volatility than we’ve seen in quite a while. We’ve seen investors dip their toes and buy high-quality names they like that they can get cheaper,” said Brian Fenske, head of sales trading at ITG in New York.
“If things don’t settle down in China, we could have another ugly open tomorrow and you wouldn’t want to be caught holding positions you bought this morning.”
The U.S. dollar and Treasury yields rose on Tuesday, while stocks fell, after comments from a top Federal Reserve official brought forward market expectations of an interest rate increase.
By Michael Hiltzik, Los Angeles Times It was widely noticed two weeks ago that the Standard & Poor’s 500 index, the most important stock market indicator, had hit a milestone by crossing 2,000 for the first time. It was less widely noticed that on that day, you would have notched a 148 percent gain if […]
Paris (AFP) – The oil market has lost pace because of weak growth in Europe and slowdown in China, the International Energy Agency (IEA) said on Thursday, cutting its estimates for demand. The growth in demand for oil this year and next will be markedly lower than expected, the IEA said, and this together with […]
New York (AFP) — Wall Street stocks Friday moved lower in early trade after the Labor Department reported the U.S. economy added just 142,000 jobs in August. About 50 minutes into trade, the Dow Jones Industrial Average dropped 35.69 points (0.21 percent) to 17,033.89. The broad-based S&P 500 shed 4.30 (0.22 percent) to 1,993.35, while […]
New York (AFP) — U.S. stocks traded flat early in Friday’s session, holding on to recent gains despite an escalation in Ukraine tensions and a disappointing report on consumer spending in July. Action remained light at the start of the holiday-lengthened final weekend of the summer. About 30 minutes into trade, the Dow Jones Industrial […]
New York (AFP) — U.S. stocks fell Thursday, dragged down as a surge in Ukraine crisis offset encouraging U.S. economic growth and unemployment data. After an hour of trade, the Dow Jones Industrial Average was down 67.68 points (0.40 percent) at 17,054.33. The tech-rich Nasdaq Composite dropped 16.40 (0.36 percent) to 4,553.22. The broad-market S&P […]
New York (AFP) — Wall Street stocks moved higher in early trade Friday despite a 3 percent plunge in Japanese shares and the first U.S. air strikes on Iraq since 2011. About 30 minutes into trade, the Dow Jones Industrial Average advanced 20.17 points (0.12 percent) to 16,388.44. The broad-based S&P 500 gained 2.80 (0.15 […]