The headline, fictional, seasonally adjusted number for initial unemployment claims of 280,000 left the consensus estimate of Wall Street economists in the dust this morning at 305,000. They had…
Will the ECB’s new lending program really make a difference? Lee Adler gives a definitive answer, tells why, and tells you what to look for to take advantage or protect your portfolio. Subscribers may click here to open or right…
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
Early openers trying for upside: Kiwis +0.3%, Aussies +0.3%, Nikkei +0.9% and Sth Korea +0.6%.
Aussie sectors mostly green: IT +0.9%, Healthcare +0.6% down to Miners/Utilities -0.3%.
A Credit Suisse analyst has called for Sears Holdings (Nasdaq: SHLD) to liquidate its assets, saying that recent events surrounding the struggling retailer have him singing “This is the end.”
JFK in free-ranging conversation with David Collum, who calls himself “the Paris Hilton of financial commentary.” Dave is also the distinguished Betty R Miller Professor of Chemistry and Chairman of the Cornell University Department of Chemistry and Chemical …
With all the talk of Alibaba being the biggest IPO ever, the next question to answer is: How much is Alibaba really worth?
When Alibaba announced its initial stock price range, the company said it would reach a valuation of $155 billion at the midpoint of that range. Now that Alibaba has lifted the range, it will likely be valued much higher. A survey of Bloomberg analysts concluded that Alibaba could be worth roughly $200 billion following the IPO.
A key factor in how much Alibaba is worth is the Chinese e-commerce market.
In one very real sense, it’s a crying shame that President Obama’s trade agenda is so completely stalled both at …
That surge in the economy that has been falsely promised for five years in a row and that was supposed to solve all problems and rationalize the sky-high stock prices? The Fed has wiped it from its vision of the future.
Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. However, rather than undertaking asset purchases that would inject reserves into the overall banking system, the PBoC forced liquidity directly into state-owned banks.