Another week grinds with market action remaining muted as the “dogs days of summer” finally come to a close. But it is next week, as global Central Bankers converge on Jackson Hole, Wyoming, which may give the market some direction before the final push into the November elections. As Tyler Durden noted on Zerohedge: “Fed […]
WASHINGTON The number of Americans filing for unemployment benefits fell more than expected last week, hitting its lowest level since October, pointing to sustained strength in the labor market that should further dispel fears of a recession. Initial claims for state unemployment benefits declined 18,000 to a seasonally adjusted 259,000 for the week ended March […]
Stocks pared gains while the euro recouped losses versus the dollar amid concern that the European Central Bank’s expanded stimulus won’t be enough to jumpstart growth in the region. The Stoxx Europe 600 erased almost all of a 2 percent gain while the euro traded higher versus the dollar than its level before the ECB […]
Watch this video for an impassioned look at why Twitter’s growth problem is so tough to solve. But if you can’t or don’t want to, here’s the script: Twitter had a terrible, horrible, no good very bad earnings day, and unfortunately, the only thing that might save it is a time machine. The company announced […]
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REUTERS – Forget that iPhone unit sales were not as strong as many had expected; that the revenue forecast fell short of the average estimate, and that there was no clarity on Apple Watch sales. Analysts, for the most part, remain as upbeat as ever on Apple Inc after investors knocked more than $65 billion […]
