Archive for the ‘Business’ Category
This morning, the US Non-Farm Payrolls report was the catalyst that has pushed the market higher as all eyes were glued to this news. The report came in better than expected, showing that payrolls decreased 54K vs. an expectation of a loss of 105K, but 67K private sector jobs were added. The unemployment rate came [...]
In what seemingly is a contradiction, Europe is proving that you can grow by shrinking. If you don’t believe that’s possible, look no further than the EU GDP figures reported this morning. GDP figures came in showing growth of 1.9% vs. an expectation of 1.7%. But wait a second, isn’t the EU enacting austerity measures?
Yes, [...]
(MONEY Magazine) — 1. Loyalty is overrated
Many insurers have been raising rates to make up for losses they suffered during the financial crisis, industry experts say. At the same time, insurers are competing hard for new customers, which means some of them are cutting better deals for new policy holders than for existing ones, says [...]
The markets this morning are clearly relieved to be done with the month of August which was a doozy for equities and commodities. On this first day of September, risk appetite has returned to the market as US stock futures are higher on the heels of Asian and European stock market gains.
Much of the catalyst [...]
In the overnight markets, the Nikkei average fell some 3.6% to close at its lowest level in more than a year. This came as a result of the emergency Japanese monetary policy meeting that failed to produce measures that would cause Yen weakening. There has been much speculation over intervention in the currency, which hasn’t [...]
NEW YORK (CNNMoney.com) — The National Highway Traffic Safety Administration is investigating possible steering mechanism problems on some 2011 Hyundai Sonatas.
The investigation is based on two incidents reported by Hyundai itself through the government’s “Early Warning Reporting” system, a Hyundai spokesman said.
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2011 Hyundai Sonata
In one case, a universal joint that helps connect the steering wheel [...]
CURRENCY WEEKLY OUTLOOK
by Abe Cofnas
FOCUS ON USDJPY
The theatre of action for this week is first and foremost the USDJPY. What happens there will be a major landmark of global market direction. The Yen is clearly a barometer of risk aversion versus risk appetite. Japanese economic weakness, while clearly a function of a multi-decade consumer [...]
WASHINGTON (CNN) — President Barack Obama blasted Senate Republicans on Monday for blocking a small business assistance bill, calling their opposition “pure partisan politics.”
The country needs a “full scale attack” on economic sluggishness, he told reporters at the White House.
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“While we have taken a series of measures and come a long way … [...]
NEW YORK (CNNMoney.com) — Hewlett-Packard and Dell’s intense bidding war for the little-known 3PAR is starting to look a little nuts.
HP’s latest offer of $30 a share for the storage company represents a 211% premium over the value of 3PAR’s stock before the bidding war between Dell and HP began. Saturday, 3PAR’s board said it [...]
WASHINGTON (CNNMoney.com) — A wave of weak economic reports has prompted some Democrats to embrace a short-term extension of the Bush tax cuts — even for the rich.
President Obama has been campaigning to extend the tax cuts for the middle class, while allowing the tax breaks for individuals who earn more than $200,000 a year [...]
