$DIA, $SPY, $QQQ, $RUTX, $AAPL, $MU, $VXX FLASH: The S&P 500 closed at its highest mark this year. The S&P 500 gained 1.1% Thursday, bolstered by the notion of a Dovish Fed and persistently low US Treasury yields. Leadership from the S&P 500 information technology sector (+2.5%), driven by gains in Apple and Micron also […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Americans filing applications for unemployment benefits fell last week, but the 4-wk MA rose to a more than 1-yr high, suggesting the labor market was slowing down. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 216,000 for the week ended 16 February the Labor Department said […]
US Weekly Jobless Claims Drop to 49-yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in 49 yrs and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended 8 September, the lowest […]
US Weekly Jobless Claims Fall Unexpectedly The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy is helping the labor market weather ongoing trade tensions between the United States along with a host of other countries. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted […]
US Jobless Claims Lowest Since 1969 $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits dropped to a more than 48.5 year low last week as the labor market strengthens further. Other data Thursday showed manufacturing activity in the mid-Atlantic region accelerated in July amid a surge in orders received by […]
Tesla’s (NASDAQ:TSLA) M3 Production Numbers in Question $TSLA Former Tesla (NASDAQ:TSLA) employee Martin Tripp has filed a whistleblower complaint with the SEC in which he alleges the company lied about Model 3 production numbers and put unsafe batteries in its EVs. According to the report the complaint repeats claims Mr. Tripp had previously made to BI, […]
US Labor Market Tightens, Jobless Claims Fall $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in labor market conditions. The robust US labor market and firming inflation have cemented expectations the Fed will raise interest rates next week at the FOMC meeting. […]
US Jobless Claims Fall, US Stocks Soar $DIA, $SPY, $QQQ, $VXX Markets in the US and Europe will be closed tomorrow for Good Friday and some world markets will also be closed on Monday. Oversold technology shares bounced Thursday, leading a broad rally on Wall Street, as investors kicked off the extended Easter weekend on […]
US Jobless Claims Fall for 3rd Time in 4 Weeks $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell for the 3rd time in 4 weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended 10 March) […]
US Jobless Claims Drop to Lowest in Nearly 50 Years $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week ended 24 February) Jobless claims decreased by 10-k to […]
The Trump Effect: US Jobs Growth Strong $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy. The economy’s brightening prospects were also underscored by other data Thursday showing a gauge of […]
Health Fraud Scams Pose Serious Health Risk There are at least 11 companies selling products to help people addicted to opioids that have no proof to support claims that their pills and treatments aid in overcoming an opioid addiction, 2 US government agencies said Wednesday. The Federal Trade Commission (FTC) and Food and Drug Administration […]
US Jobless Claims Dive Lowest Weekly in 45 Years The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years. Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended 13 January, the lowest mark since February 1973, the […]
Applications for Jobless Benefits Fall to 236,000 in 3rd Weekly Decline The number of Americans filing for unemployment benefits fell last week, suggesting a tightening of the labor market. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 236,000 for the week ended 2 December, the Labor Department said on Thursday. Data for the […]
Continuing US Jobless Claims Rose Ahead of Estimates $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose more than estimated last week, suggesting that hurricane related claims processing has begun to improve. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 239,000 for the week ended 4 November, […]
Once Powerful Hollywood Mogul, Harvey Weinstein, Quickly Disgraced Hollywood mogul Harvey Weinstein tried to intimidate his staffers into not cooperating with an independent investigation of sexual harassment allegations against him. Mr. Weinstein’s conduct was among the Key reasons his company’s board of directors moved to sack him Sunday. The Weinstein Company (TWC) board accused Harvey […]
The Story of Obama’s Ransom Payment to Iran Gets Worse America paid Iran $1.7-B in cash, hard money that by US law were not to be released unless and until Iran paid what it owed to American victims of its terrorism. On the morning of January 17, 2016, US President Obama declared that this was […]
Oklahoma’s AG Filed Suit Against Opioid Drug Makers $JNJ, $TEVA, $AGN Friday, Oklahoma became the 4th state to accuse drug makers of misrepresenting the risks of opioid pain medications, saying they engaged in deceptive marketing that helped fuel an addiction epidemic. Oklahoma Attorney General Mike Hunter filed a lawsuit in Cleveland County District Court against […]
The US Jobs Market is Not Rosy as the Headlines Declare $DIA, $SPY, $QQQ, $VXX The Question over the strength of today’s job market is Key to understanding the durability of the US economy and the markets looking ahead. The Team at Morningside Hill weighed on the US Jobs numbers today giving us a good […]
US Economy Brightens on President Trump’s Policies $DIA, $SPY, $QQQ, $VXX Economic outlook in US brightens, Unemployment Rolls at 28.5-year Lows, Trump Administration’s policies driving the economy. New applications for US jobless benefits fell last week and the number of Americans on unemployment rolls tumbled to a 28.5 year lows, pointing to shrinking labor market […]
Continuing US Jobless Claims Hit 17-Yr Lows $DIA, $SPY, $QQQ, $VXX New applications for US jobless benefits fell more than expected last week and the number of Americans on unemployment rolls marking 17-yr lows, pointing to a tightening labor market that may encourage the Fed to raise interest rates at the 13-14 June meeting. Initial […]
How To Recognize A Fake News Story $FB, $TWTR, $GOOGL 9 tips to stop yourself from sharing false information Fake news articles have increasingly become a regular happening on social media. These posts run wild across the Internet. Only later, if ever, do readers discover that the stories they shared may have been false. The […]
Mining Has Been Banned Near Yellowstone National Park The US government has banned new mining claims close to Yellowstone National Park as the Obama Administration steps up efforts to keep the extractive industry out of environmentally sensitive areas before President-elect Donald Trump takes office in January. Temporary ban affects new claims on a 30,000-acres area north of […]
This Week’s US Economic Calendar: Expected, Revised & Prior 26 September, Monday New Home Sales, August (10:00a EDT): 585-K expected, 654-K prior 27 September, Tuesday Case-Shiller 20-City, July (9:00a EDT): 5.1% expected, 5.1% prior Consumer Confidence, September (10:00a EDT): 98.0 expected, 101.1 prior (revised from 99.8) 28 September Wednesday MBA Mortgage Index, 09/24 (7:00a EDT): […]
Cuba, US Talking About Future of Bi-lateral Relationship Cuba and the United States held talks in Washington their 1st meeting on long-term bi-lateral economic ties despite the US-led financial and commercial embargo, said the island country’s Ministry of Foreign Affairs. “Both delegations discussed commerce and future investments as well as other issues on economic and […]
The S&P 500 Closed Out its 3rd Straight Quarter in the Green $DIA, $SPY, $QQQ, $VXX, $HSY, $MDLZ Wall Street marked a 3rd straight day of gainers Thursday as the BOE raised the prospect of a Summer stimulus and consumer staples shares rose on news of Mondelez International’s (NASDAQ:MDLZ) $23-B bid for Hershey (NYSE:HSY). The […]
US Jobless Claims Rise, Unemployment Benefits Increased in June $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 268,000 for the week ended 25 June, the […]
Torrential Rains, Heavy Flash Flooding in Central US LLoyds of London calls for end to US home building in High Risk areas Torrential rains caused heavy flash flooding in some parts of the US over the last few days, and led to numerous evacuations in southeast Texas, and Kansas. But the threat of severe weather […]
Friday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks finished sharply lower Thursday after data showed US GDP growth advanced at its slowest pace in 2 years and jobless claims rose more than expected. The DJIA lost 210 pts, or 1.17%, to close at 17,830.76, recording the biggest 1-day fall since 11 February […]