Tuesday, Wite House economic adviser Larry Kudlow said President Trump is not considering any changes to Fed Chairman Jerome Powell’s status following a report that the White House had explored the possibility of demoting him. Mr. Kudlow spoke to reporters at the White House ahead of the FOMC’s meeting this week that comes on the […]
$RACE FLASH The 488 Pista Spider has the same powertrain as the coupe, it is fast! Ferrari (NYSE:RACE) has kept the powertrain the same with the fixed-top Pista, meaning a twin-turbo 3.9-liter V8 producing 710hp (720PS) and 568lb-ft (770Nm) of torque paired to a 7-speed dual-clutch transmission. Compared to its predecessor, the 488 Pista Spider […]
$RACE FLASH: Excitement is running high for the 4th round of the Ferrari Challenge Europe at the La Sarthe circuit Saturday, 15 June, just hours before the legendary 24 Hours of Le Mans. This is a special event, different from any other in Ferrari’s 1-make series, which will see all the 488 Challenge supercars on […]
$RACE Ferrari (NYSE:RACE) will not appeal the controversial penalty which cost Sebastian Vettel victory at the Canadian Grand Prix last Sunday. Mr. Vettel crossed the finish line in 1st place in Canada but was penalized 5 secs for an incident on Lap 48, dropping him behind Lewis Hamilton in the final classification. After making a […]
$SPY, $QQQ, $DIA, $RUTX, $VXX FLASH: The S&P 500 and NAS Comp marked new closing, and intra-day records Monday on a modest advance. Leadership came from the S&P 500 financials and communication services sectors in front of busy news and earnings week Analysts now expect earnings of S&P 500 companies to have fallen just 0.2% […]
US President Trump’s declaration of a national emergency to circumvent Congress and spend billions of dollars for a border wall is the latest example of him relishing using the power of the Presidency to do whatever he can without Congress. This was made even clearer by a revelation from a senior White House official that shortly […]
The US financial markets have had the time conger the very strong US jobs report, as well as signs of progress in the China-US trade talks. But, despite the positive news, investors and traders believe the Fed will stop hiking interest rates this year and will cut them in both Ys 2020 and 2021. The difference […]
Options Traders Setup for More Volatile Market Action $VXX, $CBOE, $SPY For the 2nd time this year, volatility has come back into the markets, and traders in the stock options market are betting ongoing market gyrations are not about to let up any time soon. People are betting action could come from either direction. This […]
Investors are Asking, What Do I Do Now? $DIA, $SPY, $QQQ Investors are constantly bombarded by the daily Noise about stocks and stock trading, so do not lose sight of what matters. Because as long as things are going well stay put, always take what the market gives. Do not panic over a big down […]
F1: The Austrian Grand Prix Preview $RACE This weekend we experience the 2nd race of the 1st ever 3X’er in Formula 1 history, as the championship series is in Austria for Round 9 of the Y 2018 season. Lewis Hamilton leads the standings by 14 pts so will the reigning champion make more headway on his closest […]
The IG’s Report Reveals The FBI in Its ‘Darkest Days’ FBI Willing To Take Disturbing Official Action To Hurt Donald J Trump the Candidate FBI Willing To Take Disturbing Official Action To Hurt Donald J Trump Our President FBI Hell: Agent caught saying: “Trump’s supporters are all poor to middle class, uneducated, lazy POS that […]
Tesla (NASDAQ:TSLA) Shareholders are Taking Aim at Elon Musk $TSLA, $MS Shareholder lawsuit filed in Delaware seeking class action status The lawsuit accused the board of corporate waste and Musk, the company’s CEO/COB, of unjust enrichment. Tesla (NASDAQ:TSLA) said in a statement that the lawsuit “seeks to take the power from our shareholders and instead […]
Investors Rotated $9-B into US Small Cap Stocks $RUTX, $SPY Last week investor plowed $9-B into US small cap stocks it was a good week. Russell 2000 +5.9% YTD S&P 500 +1.5% YTD Small-cap stocks are showing well in here, even as the benchmark 10-yr T-Note yield rose to a 7-year high. US Treasuries Yield Check […]
President Trump: ‘Taking Strong Action Today’ on Border Laws US President Donald Trump says he will “be taking strong action today” on border laws. He signaled in a Tweet early Wednesday. The Tweet is President Trump’s latest in his ongoing focus on border security issues that peaked Tuesday with the White House saying he was deploying […]
Bitcoin Runs to Record $10,000 $BTCUSD, $CME, $JPM Bitcoin broke $10,000 for the 1st time Tuesday bringing the YTD price rise to more than 10X. Currently Bitcoin is trading at $10,541.9951, +621.86 or +6.27% on the day. The fast action is bringing to the mainstream what was once considered the providence of computer developers, futurists […]
Tesla (NYSE:TSLA) Racial Bias Lawsuits ‘Tearing Down Tesla’ $TSLA Tesla Motors (NASDAQ:TSLA) is being accused of allowing its California production plant to become a “hotbed for racist behavior.” A racial discrimination lawsuit, filed Monday in California Superior Court in Oakland, said Black employees were addressed by racial slurs and company management ignored their complaints. The […]
Bitcoin Traders ‘Edgy’ Over Coming Regulations $BTCUSD Bitcoin fell as much as 5.9%, its biggest loss in almost a month, to as low as 5,247, it bounced and is now trading at 5,414.23, +42.00 or +0.78% on the day. Looks like the ‘edginess’ wore off quickly. Bitcoin traders waiting for a pullback in the cryptocurrency price […]
The Rarest, Expensive Classic & Vintage Cars Sold At Auction $BID, $RACE 1962 SHELBY 260 COBRA “CSX 2000”, $13.750-M Also known as the CSX 2000, the 1962 Shelby 260 Cobra is the very 1st Shelby Cobra by legendary designer and driver Carroll Shelby. Many believe it to be the most important American sports car in history. […]
da Vinci’s “Salvator Mundi” to Action at Christie’s NY in November The last privately owned Leonardo da Vinci painting, 1 of fewer than 20 by the Renaissance artist known to still exist is hitting the auction block, Christie’s announced Tuesday. “Salvator Mundi,” an ethereal portrait of Jesus Christ which dates to about 1500, is expected […]
Ferrari F2001, s/n 211, to Auction at Sotheby’s New York $RACE, $BID In a landmark moment for the partnership, Sotheby’s (NYSE:BID) is delighted to announce the addition of a 2001 Ferrari F2001 curated by RM Sotheby’s in the Contemporary Art Evening Auction on 16 November in New York. Unveiled during Sotheby’s Hong Kong Autumn Sales […]
Collectors Spent $327-M on Vintage & Classic Cars this Weekend $BID High priced car sales come in stronger than experts expected That’s the takeaway after 4 days of vintage and classic car auctions during Monterey Car Week. Across 6 companies, preliminary numbers show sales totaling $327-M at Pebble Beach at the weekend, down 3% from last year […]
World War 3: Majority of American Voters Want Military Action That majority of American voters favor military action to stop North Korea’s nuclear weapons program, according to a new survey. The national Fox News Poll of registered voters found that 51% say US military action will be needed to stop North Korea from continuing its […]
Obama’s ‘Organizing for Action’ Out to Destroy the Trump Agenda “No ex-President has ever done this before, sticking around the nation’s capital to vex and undermine his successor. Of course, Obama is unlike any President the United States has ever had” Former President Barack Hussein Obama is waging war against the Trump administration through his […]
Coordinated Nation-wide Protests Require Big Money It’s time for the FBI to conduct a detailed investigation into the violence and political thuggery that continue to mar the presidential election’s aftermath. A thorough probe of the protests—to include possible ties to organizations demanding vote recounts—will give the Bureau’s integrity-challenged director, James Comey, a chance to sandblast […]
US Stock Market Action Signals A Trump Victory $DIA, $SPY, $QQQ, $VXX The US stock market has a good track record calling presidential races. Today, it is sending information that counts against Democrat Hillary Clinton. The performance of the S&P 500 Index has signaled the outcome of every Presidential election since Y 1984. A gain […]
Image Nation Abu Dhabi to Produce 3 Movies this Year The 3 films will be shot on location in the UAE and Oman Image Nation Abu Dhabi will begin production on 3 feature films in Q-4 if Y 2016, it announced. All 3 films will be shot on location in the UAE and Oman, with […]