Day: January 9, 2018

Tess Torelli January 9, 2018

Currie said the underlying environment in the energy market was “very strong.” And despite a relatively flat oil price forecast, traders investing in oil futures should still be able to benefit from “backwardation” throughout the year. Backwardation is when the current price of oil is higher than a future cost of oil — a sign […]

Tess Torelli January 9, 2018

After last week’s nonfarm payrolls data, investors will likely be turning their attention to the latest news surrounding economic data. The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) showed little change in the number of job openings on the last business day of November. The government reported the number of openings at 5.9 […]

Tess Torelli January 9, 2018

The new GOP tax law will take pressure off the Federal Reserve despite skepticism from some central bankers, the chairman of President Donald Trump’s Council of Economic Advisers said Monday. Minutes from the Fed’s December meeting on multiple occasions noted that officials remained unsure over just how much of a boost in activity would come […]

Tess Torelli January 9, 2018

While the U.S. economy is doing well — financial markets are hitting record highs and unemployment is at a 17-year low of 4.1 percent — wage growth has been slow for American workers. This is due to a number of different factors including technological changes like automation, lagging productivity, and retiring baby boomers. Crucial to […]

Vinnyd January 9, 2018

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Tess Torelli January 9, 2018

In some states, a driver’s license will no longer cut it for domestic travel as of Jan. 22, thanks to the Real ID Act. Steve Yonkers, the Department of Homeland Security’s director of Real ID, confirmed that as of that date, all adults boarding any federally regulated aircraft — including domestic flights — who don’t […]

Tess Torelli January 9, 2018

European stocks also rose, with the Stoxx 600 index gaining nearly half a percent. The French CAC 40 index outperformed among major European indexes, advancing 0.6 percent. On the second trading week of 2018, the S&P 500 and Nasdaq composite finished Monday’s trade at all-time highs, as markets remained optimistic on the state of the […]

Tess Torelli January 9, 2018

President Donald Trump’s legal team is in negotiations with the FBI on how to handle a possible interview between the president and special counsel Robert Mueller, NBC News reported Monday. Trump’s lawyers have been involved in ongoing discussions with FBI investigators as part of the agency’s probe into whether there was collusion between the Trump […]

Tess Torelli January 9, 2018

People are pouring money into bitcoin and other cryptocurrencies because they are more willing to take risks in a benign economic environment, according to a fund manager. “To me, the big issue in markets is actually we have been in denial as investors globally about how good things are,” Eric Lonergan, macro fund manager at […]