Financial Services

admin August 9, 2018

Decision time These days it is fashionable for analysts to say they base their analysis on fundamentals and not on charts. But the chart is at such a critical juncture that even such analysts may want to take a look at it. Chart Please click here for an annotated chart of the S&P 500 […]

admin August 9, 2018

The Russian ruble dropped some 3% against the U.S. dollar Wednesday, dropping to a 21-month low, as further U.S. sanctions appeared at the horizon. A draft Senate bill proposing tough new sanctions for Russia’s role in interfering in the 2016 U.S. presidential election was published by local Russian newspaper The Kommersant. The bill could include […]

admin August 8, 2018

IStockphoto Too scary for words. A lot has changed since the stock market crash of 2000. Apple Inc. has gone from being just another computer brand to becoming the most valuable company in the world, Amazon.com Inc. went from being an e-book retailer to a byword for online shopping and Tesla’s Elon Musk […]

admin August 8, 2018

The Gates Notes/LLC and Getty Images Bill Gates, left, and Mark Zuckerberg dropped out of college to found Microsoft and Facebook, respectively. But the cliche about the young innovator is not completely true. Silicon Valley exemplifies the saying “The more things change, the more they stay the same.” Very little has changed over the […]

admin August 8, 2018

It’s official: The U.S. stock market’s early-2018 correction has now been completely erased. That doesn’t resolve all issues facing investors, of course. The future remains just as unknowable as before. But the market’s latest achievement does mean that we can no longer debate whether the January stock market highs represented the end of the bull […]

admin August 7, 2018

Bloomberg Consumer spending powered strong GDP growth in the second quarter. The numbers: Consumer borrowing slowed in June after hitting a six-month high in the prior month, according to the Federal Reserve on Tuesday. Total consumer credit increased $10.2 billion in June to a seasonally adjusted $3.91 trillion. That’s an annual growth rate of […]