Unfortunately, I believe that ever since Bush Jr was elected, the power shifted from the president to the bureaucracy. I have stated before that I use Continue...Read More
Now they're clamoring for the NIRP absurdity in the US. How will this end?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager an...Read More
A transportation recession often precedes a recession for the entire economy, and while the debate about when the U.S. economy as a whole will plunge into a recession Continue...Read More
"I want it all out. I want people to see how off the rails this investigation got, and I want people to be held accountable," Graham said to Fox NewsContinue...Read More
The last time Americans had nearly this much mortgage debt was during the 2008 collapse, but delinquencies are lower this time.Continue...Read More
Trade tensions, Hong Kong, global growth concerns and geopolitical tensions are all affecting gold Continue...Read More
Turkish steel pipe export prices have fallen in August due to limited demand, especially in Europe, during the summer season, sources said on Monday August 19.Fastmarkets' monthly price assessment for steel structural pipe export S235JR grade EN10219 2mm wall thickness, fob main port Turkey, was $560-570 per tonne on August 19, down from $560-580 per tonne...Read More
Bob Moriarty of 321 Gold explains why he believes the financial outlook is dismal and discusses a handful of resource companies that are on his radar. Maurice Jackson: Joining for us for a conversation is Bob Moriarty, the founder of 321Gold and 321Energy. Glad to have you back on the program and long overdue, I might add, sir. We have a number of topics to address, so let's get right to it. Earl...Read More
Bob Moriarty of 321 Gold discusses this company's exploration efforts at its Nevada gold project. I first talked about Blackrock in March of last year. They had done a deal with Carl Pescio on what they call the Silver Cloud gold project. The project is next to the high-grade Hollister Gold Mine and near the high-grade Midas mine in Northern Nevada.The district is well known for bonanza grade int...Read More
Huawei can continue selling to U.S. suppliers -- for nowThe Dow rallied today thanks to upbeat news around the U.S.-China relationship. The tech sector got a spark from news that the Trump administration is extending Huawei's license to do business with U.S. suppliers, and traders also cheered interest rate reform out of China. Rebounding Treasury yields also lifted sentiment on Wall Street. The w...Read More
SVB Leerink upgraded Solid Biosciences to "outperform" after Friday's bull gapThe shares of gene therapy name Solid Biosciences Inc (NASDAQ:SLDB) hit a five-month high today, after an upgrade from SVB Leerink to "outperform" from "market perform." The brokerage firm also hiked its price target to $15 from $8 -- a roughly 70% premium to Friday's close -- noting the company's Duchenne muscular dystr...Read More
The chip stocks look attractive to the brokerage firm, despite trade-related riskStocks are soaring today on upbeat U.S.-China trade headlines and stimulus buzz from overseas. Among individual names making big moves are investment name DPW Holdings Inc (NYSEAMERICAN:DPW), semiconductor supplier ON Semiconductor Corp (NASDAQ:ON), and chipmaker NXP Semiconductors NV (NASDAQ:NXPI). Here's a quick rou...Read More
The biopharma stocks are higher on new bullish analyst ratingsThe shares of biopharmaceutical concerns Myovant Sciences Ltd (NYSE:MYOV) and NuCana PLC (NASDAQ:NCNA) are higher today, thanks to some optimistic analyst calls. Specifically, SVB Leerink launched coverage of MYOV shares with an "outperform" rating and $26 price target -- more than triple Friday's close of $7. Meanwhile, H.C. Wainwright...Read More
Both calls and puts are being used to bet bearishly on HD stockShares of home improvement retailer Home Depot Inc (NYSE:HD) are getting a lift from broad-market tailwinds this afternoon, up 1.9% at $207.47, and options traders are initiating positions ahead of the company's quarterly report, slated for release before the market opens tomorrow, Aug. 20. Below, we will take a look at how HD has far...Read More
The U.S. has extended a temporary reprieve to Huawei The Dow Jones Industrial Average (DJI) has tacked on nearly 265 points at midday,amid news that the U.S. will offer a 90-day reprieve to Huawei, allowing the Chinese company to buy from American suppliers. Today's gain is led by Apple (AAPL), which is surging after a discussion between President Donald Trump and CEO Tim Cook, in which Trump sai...Read More
KSS fell to an 18-month low last ThursdayWhile this summer's earnings season is mostly finished, there are still some stragglers who have yet to report. One is retailer Kohl's Corporation (NYSE:KSS), which is set to report second-quarter earnings before-the-open tomorrow, Aug. 20. Ahead of the event, options traders are coming out of the woodwork in greater-than-usual numbers.More specifically, K...Read More
Sonos stock is looking at its highest finish of 2019Electronics stock Sonos Inc (NASDAQ:SONO) is one of the biggest winners on the Street today, thanks to upbeat attention on the brokerage front. Raymond James updated its rating on SONO shares to "strong buy" from "outperform," noting that the security trades near the same levels as GoPro (GPRO) and Arlo Technologies (ARLO), even though the compan...Read More
Ferro-vanadium prices in China retreated over the week ended Friday August 16 amid limited buying interest, while the price of vanadium pentoxide in Europe fell back from recent gains, following the trend in China. Chinese FeV, V2O5 export prices continue to soften, tracking domestic trends European FeV unchanged, V2O5 prices slip US ferro-vanadium prices narrow upward.The export price for ferro-v...Read More
Aramark is one of the best stocks on the NYSE todayOne of the top stocks on the New York Stock Exchange (NYSE) this morning is Aramark (NYSE:ARMK), up 10.5% to trade at $40.99, on track to snap a five-day losing streak. This comes after activist investor Paul Hilal's Mantle Ridge bought a roughly 10% stake in the food services provider, becoming its top investor. Stifel loves the development, up...Read More
"A severe depression like that of 1920-21 is outside the range of probability." The Harvard Economic Society, Nov. 16, 1929 "In an economy that is overleveraged to historic proportions, economic stimuli will not do the trick." Kenneth Eade, American attorney, environmental and political activist, author political and legal thrillers, from Terror on Wall Street, a Financial Metafiction Novel; b....Read More