The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday. The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.
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Share to facebook Share to twitter Share to linkedin The Tesla Debt Story Gets More Interesting. (Photo by Smith Collection/Gado/Getty Images) There is a new side to the Tesla credit story. Their bonds have traded poorly since their inception. They were priced at 100 in August 2017 and are back below 89 today. While higher
In Swing Trading Today | Do We Have Inflation we review the pre-market activity in the futures market as well as stock market news. We also perform technical analysis of the stocks that we are looking to swing trading both long and short. Why is it important to analyze the futures market? Conducting technical analysis
Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure. “This Spring, we initiated a process
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets on economically sensitive, cheap stocks
In Swing Trading Today | Is China Offering Trade War Truce? we review the pre-market activity in the futures market as well as stock market news. We also perform technical analysis of the stocks that we are looking to swing trading both long and short. Why is it important to analyze the futures market? Conducting
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Jamie Dimon said that while he doubts the wave of negative interest rates in countries around the world will reach the U.S., he’s preparing J.P. Morgan Chase for the possibility anyway. “I don’t think we’ll have zero rates
Adobe Stock Has the “free lunch” of investing been over-sold to investors? YCharts.com The financial advice industry has been on a sugar-high…that has lasted decades. Since the 1980s, claims of “Nobel Prize-winning theories” and the virtues of “diversification – the free lunch of investing” have been force-fed to investors ad nauseum. I have heard it
An activist investor with a penchant for bold calls about companies losing value spoke to CNBC’s “Squawk Box” on Monday about his latest position, which bets that household products company Church & Dwight will lose half its value. Spruce Point Capital founder Ben Axler published a report last week expressing “significant concerns” about Church &
Share to facebook Share to twitter Share to linkedin An RBS logo is pictured above a branch of a Royal Bank of Scotland (RBS) bank branch in central London on July 25, 2018. (Photo by DANIEL LEAL-OLIVAS/AFP/Getty Images) Late last week, The Royal Bank of Scotland Group reported results for the second quarter of the
Swing Trading Today | Gold & Silver Continuatin Sell Off? Well given our weekly technical analysis of the stock charts it appears as though we may break support. There appears to be manipulation on the Comex exchange of payper gold and silver pressing the spot price downward. In swing trading today we also do some
Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Here are the biggest calls on Wall Street on Friday: D.A. Davidson initiating Beyond Meat as ‘underperform’ D.A. Davidson said its view does not reflect a negative view of
Share to facebook Share to twitter Share to linkedin Groupon booth is seen at the National Restaurant Association Tradeshow at McCormick Place, on Sunday, May 19, 2013 in Chicago. (John Konstantaras / AP Images for Groupon) Groupon announced its second quarter earnings on August 3, reporting a 7% year-over-year decline in revenues to $617 million.
This video is our swing trade review of Carbonite symbol $CARB. We used our contrarian trading style to idenify an unsustainable oversold stock using RSI, technical analysis and stock charts. We expected a short squeeze which occured allowing us to book profits. We sold put options to bring in premium to average down our cost
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Dec. 2, 2016. Michael Nagle | Bloomberg | Getty Images Without the temporary hiring of Census workers, the disappointing August jobs report would have been even worse. The federal government hired 25,000 temporary workers in preparation
I have had good reasons to own Oracle (ORCL) and to recommend Framework Investing members to buy it over the past few years. The company has a very strong franchise in databases, database applications, and servers that run databases, and company management has done a good job refining its ability to convert the firm’s recurring
White House economic advisor Larry Kudlow said recent conversations with China “went very well.” “The phone call the night before last with Secretary Mnuchin and Lighthizer and Vice Premier Liu He went very well. That’s important,” Kudlow said Friday on CNBC’s Squawk on the Street. “The phone lines have been open during this period and
Share to facebook Share to twitter Share to linkedin A general view of atmosphere during Shutterfly x Baby2Baby Backpack Drive on August 1, 2018 in New York City. (Photo by Kevin Mazur/Getty Images for Shutterfly) Keeping in mind the growth delivered in the last quarter, the market expects Shutterfly (NASDAQ:SFLY) to report a solid financial