Monday , 20 May 2019

Tag Archives: investment

Chicago Fed National Activity Index Plunges To 3-Year Lows

U.S. economic activity slumped in April, according to the Federal Reserve Bank of Chicago. The Chicago Fed national activity index, which draws on 85 economic indicators, was -0.45 in April versus an upwardly revised +0.05 in March (and expectations of -0.20). 33 of the 85 monthly individual indicators made positive contributions 52 of the 85 monthly individual indicators made negative ... Read More »

Iran Slams Trump’s “Genocidal Taunts” As “Team B” Concocted Threats

Soon after reportedly meeting with national security advisor John Bolton at the White House Sunday afternoon in the wake of a lone rocket being launched toward the US embassy in central Baghdad’s protected ‘Green Zone’, President Trump provocatively warned via Twitter: “If Iran wants to fight, that will be the official end of Iran,” and added, “Never threaten the United States ... Read More »

Beijing Demands Giant Pandas Loaned To San Diego Zoo Be Returned Immediately

Submitted by Michael Every of RaboBank Panda-monium We managed to go an entire weekend without US President Trump sending an escalatory tweet over China and trade. However, that doesn’t mean tensions aren’t building even further. China’s Global Times ran an editorial Friday, ‘Time to discard any illusions about the US’, which concluded “The China-US trade war is reshaping this bilateral ... Read More »

“WRONG!” – Trump Slams NYT Over Latest Deutsche Bank Story

Reacting to a New York Times story about Deutsche Bank staff flagging ‘suspicious’ activity in Trump’s and Kushner’s accounts, President Trump again blasted the “Failing New York Times” for daring to suggest that Trump only banked with Deutsche Bank and Capital One because other banks didn’t want to work with him. Repeating a prediction that the NYT will ‘pass away’ ... Read More »

Deutsche Bank Shares Hit All-Time Low After UBS Cuts Rating To Sell

With its hoped-for merger with Commerzbank in ruins, and the future of its investment bank uncertain, Deutsche Bank shares tumbled to a new all-time low on Monday after an analyst at UBS downgraded DB shares to a sell with a price target of €5.70 ($6.40) – that’s the second-lowest price target on Wall Street. After Monday’s selloff, shares aren’t far ... Read More »

Trump To Formally Launch Reelection Campaign Next Month: Axios

President Trump never really stopped campaigning. His MAGA rallies regularly dominate news cycles and rattle markets. But with a $30 million campaign war chest already at his disposal, and the Democratic primary already well underway, the president is preparing to formally launch his reelection campaign, which Axios reports will begin next month with a flurry of swing-state rallies. And it’s ... Read More »

Stocks Tumble As Huawei Boycott Erupts, Slamming Tech

When the semiconductor index was soaring in the past few weeks even as semi shipments and revenue forecasts plunged to the lowest since the financial crisis, many said that the market knew something other didn’t. In retrospect, the market was absolutely clueless and semi stocks and tech names are freefalling today following the overnight news that in the aftermath of ... Read More »

Google, Intel & Others Cut Ties With Huawei As Trade War Heats Up

The Commerce Department officially blacklisted Huawei and dozens of its affiliates Friday afternoon, and one business day later, we’re starting to see some major Western companies severing their business ties with Huawei, a trend that could have seriously dire consequences for the Chinese telecoms giant. Alphabet has announced that it will cut off Huawei Mobile’s access to most of its ... Read More »

Why Are “Parking Lots Full Of Mercedes SUVs” – All Eyes On The U.S. Truck Market

The shift in automotive production towards trucks, including minivans, CUVs, SUVs, and pickups, is at the very heart of the bull case for autos. As BlindersOffResearch’s Daniel Ruiz explains, the bull thesis is simple, as the new-vehicle-production mix shifts toward the very profitable truck segment and away from less profitable cars, automaker margins increase. To date, the bull case has ... Read More »

Russia Grinds Out Wins In Europe

Authored by Tom Luongo, Europe is finally coming to its senses five years after the coup in Kiev started what is now the new Cold War between Russia and the West. The first part of Russia’s win comes from Italian leader Matteo Salvini. Speaking for the under-represented in European politics, Salvini declared this week, “I continue to believe that we don’t ... Read More »