Financial Services

admin February 15, 2019

Getty Images Did retail sales really stumble badly during the Christmas shopping season? Wall Street economists are skeptical. Very skeptical. Did U.S. retailers really just have the worst December since the 2007-2009 Great Recession? Wall Street’s economists are skeptical. Very skeptical. The Commerce Department on Thursday said retail sales slumped 1.2% at the end […]

admin February 14, 2019

U.S. banking giant JPMorgan Chase & Co. on Thursday announced the launch its own digital currency, dubbed the JPM Coin, to service institutional clients in the settlement of funds. According to the bank, the coin is still in the prototype phase but will be rolled out to some institutional clients in a pilot program later […]

admin February 14, 2019

There’s a one-in-seven chance that stock market momentum will fail over any given 10-year period. That’s important to bear in mind since momentum is coming off one of those 10-year periods. Its failure has led to no end of soul-searching among advisers and researchers alike, wondering whether the venerable momentum effect may have stopped working […]