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Monday, August 21, 2017
Stock market
Obama, Trump, Economy

How Trump Is Claiming Credit For Obama’s Successes

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?

March 13, 2017
Business, Trump

Business Euphoria Over Trump Gives Way To Caution And Confusion

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.

January 18, 2017
Trump tweets, Twitter

Trading On Trump’s Twitter Tantrums

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.

January 14, 2017

Wall Street Climbs In Wake Of First Presidential Face-off

A perceived victory by Hillary Clinton over Donald Trump in Monday’s first presidential debate pushed stocks up on Tuesday.

September 27, 2016
People gathered in The Churchill Tavern, a British themed bar, react as the BBC predicts Britain will leave the European Union, in Manhattan. REUTERS/Andrew Kelly

Bloodbath In Global Markets After Brexit

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.

June 24, 2016
Trump richest cabinet

A Trump Presidency Would Sink All Boats

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?

June 7, 2016

Cartoon: How The Chinese Stock Market Works

The not-so-invisible hand…

January 8, 2016

‘The Devil’s Financial Dictionary’ Cuts Through The Euphemism, Doublespeak, And Lies Of Wall Street

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.

December 9, 2015

Dollar, Shares Gain On Yellen Speech, U.S. GDP

Gross domestic product grew at a 3.9 percent annual clip, up from a 3.7 percent estimate in August.

September 25, 2015

Wall St. Climbs, S&P 500 Posts Best Week Since July

“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.

September 11, 2015

How To Avoid Huge Losses In The Next Stock Market Plunge

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.

August 30, 2015

Wall St. Logs Biggest Two-Day Gain Since Financial Crisis

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.

August 27, 2015

Global Stock Markets Diverge, Commodities Fall As China Jitters Persist

“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.

August 26, 2015

Wall St. Suffers Worst Day In Four Years, S&P Confirms Correction

“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.”

August 24, 2015

Dollar Up, Stocks Off After Fed Comments

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.

August 4, 2015

Dow Tops 18,000 For First Time On Strong U.S. Growth

More good economic news is pushing the stock market to new highs.

December 23, 2014

Dow Drops 300 Points As U.S. Stocks Plunge

Find out what sent the markets tumbling.

December 12, 2014

Oil Collapses To Four-Year Low On OPEC Decision

Find out why prices could still plunge even lower.

November 28, 2014

Big Business Should Be Saying Thanks To Obama

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 […]

September 11, 2014

International Energy Agency Slashes Oil Demand Outlook

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 […]

September 11, 2014

U.S. Stocks Lower After Disappointing Jobs Report

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 […]

September 5, 2014

U.S. Stocks Head Higher, Brushing Off Ukraine Tensions

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 […]

August 29, 2014

Ukraine Crisis Jitters Sink U.S. Stocks

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 […]

August 28, 2014

Wall Street Stocks Up As United States Strikes At Iraqi Jihadists

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 […]

August 8, 2014

Twitter Surges On User Growth Figures

New York (AFP) — Twitter shares surged in morning trade Wednesday after the messaging platform eased investor concerns with a quarterly report showing strong user growth and robust revenues. In the first half hour of trading, Twitter rallied 20 percent to $46.15, the highest levels since March. Investors focused on the number of monthly active […]

July 30, 2014