News & Other Stuff

By My Trading Buddy | News from Business, world politics and other stuff affecting Financial Markets

As Trump Eyes Trade War, These Countries Could Be the Next Targets - Markets Analysis

U.S. President Donald Trump has made international trade the centre of his campaign to “make America great again.” So far, he has singled out China …

Economics

There are glitches happening in the market matrix

For the past two weeks, investors have enjoyed perfection: All four major averages have snagged consecutive new record highs and the S&P 500 has climbed for 12 of the last 14 sessions. Interest rates remain low.<p>Volatility has been quelled, with nearly 90 days elapsed since the last 1 percent …

Wall Street

Fitbit forecasts current-quarter revenue below estimates

(Reuters) - Fitbit Inc forecast lower-than-expected revenue for the current quarter, underscoring the wearable device maker's struggles with waning demand for its fitness tracking bands in a maturing market.<p>The company said it expects revenue of between $270 million to $290 million for the first …

Markets

Mid-Week Markets Bullet Report - Dollar Stron Again - Markets Analysis

<i>The Dollar is strong again, as comments from a FED (Federal Reserve) member supported the view that a March hike is possible. The comments came after</i> …

Commodities

Wall Street Warns Trump Boosters Are Due for a Rude Awakening

Goldman Sachs suggests the market has reached a point of irrational exuberance.<p>After a brief nosedive on the night of the election, markets recovered from the shock that <b>Donald J. Trump</b> would become president of the United States and have mostly shown the former reality TV show host nothing but love …

Wall Street

Home Depot earnings, revenue top expectations

Home Depot reported fiscal fourth-quarter sales and earnings that topped Wall Street's expectations Tuesday, providing further evidence that the …

Wall Street

How the founder of 'legal loan shark' Wonga made a comeback as London's fintech messiah

• <b>Short-term, high-interest lender Wonga was one of Britain's most controversial and fastest-growing businesses.</b>• <b><br>The government forced it to write off hundreds of millions of pounds in loans in 2014 and Wonga's CEO and founder left the business.</b>• <b><br>While the business has floundered since he left, its</b> …

Entrepreneurship

Earnings Preview: What To Expect From Home Depot On Tuesday

Home Depot ($HD) is scheduled to release earnings before Tuesday’s open (Feb 21, 2017). Home Depot just hit a record high of $142.99/share on Thursday (2.16.17). The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers …

Home Improvement

A Huge Gold Installation Flips the New York Stock Exchange Upside Down - Creators

While the value of money may be ephemeral, the gold that backs it up is assumed to be solid. One installation in Pittsburgh, however, questions whether that gold is really all it appears to be. Currently on display at Woodstreet Art Galleries, David Spriggs' <i>GOLD</i> is the most recent of his …

Art

Stock Manager of $37 Billion Doesn't Believe the Earnings Hype - Bloomberg

Global stock investors may have their hopes set too high for 2017.<p>With rising stock prices, analysts may need to dial back their expectations with …

Stocks

The Logic behind GM ’s Desire to Sell Opel

<i>GM had not been earning much in Europe with the Opel brand. Now it things of offloading it and investors seem happy.</i><p>As you gain more experience in …

Markets

Meet the bankers working on a potential nearly $250 billion megamerger

Kraft Heinz, the consumer giant backed by Brazilian billionaire Jorge Lemann and Warren Buffett, has made an approach to combine forces with European peer Unilever.<p>Unilever rejected the approach, but Kraft Heinz said in a statement that it's looking forward "to working to reach agreement on the …

Wall Street

Where are London's golden boroughs? Not necessarily where you think...

In 2015, nearly half a million people moved to the UK capital to seek their fortune.<p>Traditionally, industry and opportunity have been most closely associated with the City of London and the West End. But there is change afoot: areas once perceived as down at heel are fast becoming leading …

London

Trump’s Most Chilling Economic Lie

A so-called trade war with China would be an absolute disaster for the United States and its citizens.<p><b>Donald Trump</b> has threatened to upend the post-World War II geopolitical order. What he finds most vexing about that order is the rise of China. Today, China is the largest trading economy in the …

China

France’s Le Pen Announces Presidential Campaign: What Does it Mean for Financial Markets? - Markets Analysis

Earlier this month, far-right leader Marine Le Pen officially launched her presidential campaign in France with a pledge that if elected she would …

European Union

Jigsaw Trading – Wins Gold 1st Place in the True Edge Awards and the Star Awards

Jigsaw Trading started the year right by winning top awards at 2 industry leading Trading sites. We reviewed the Jigsaw tools last year, because they …

Wall Street

Trump Vs. Yellen: Could This Relationship Affect the Economy? - Markets Analysis

Wouldn’t it be wonderful if the president of the United States and the Federal Reserve saw eye to eye? But this is the real world and this is an era …

Janet Yellen

CEO Jack Dorsey just bought $7 million in Twitter stock

Dorsey has confidence in Twitter’s future. Do investors?<p>Twitter CEO Jack Dorsey decided on Tuesday to show investors just how much confidence he has that Twitter can turn around its business.<p>Dorsey bought $7 million worth of Twitter stock this week, according to documents filed with the Securities …

Twitter

Here’s SoftBank’s Latest $3.3 Billion Investment

Japan's SoftBank Group (sbhgf) on Wednesday said it has agreed to buy Fortress Investment Group (fig) for about $3.3 billion, looking to add …

Wall Street

Cannabis Stock Index Grew 236% In 2016

Marijuana's ambiguous legal status appears to have little effect on cannabis investment euphoria.<p>Putting money into the marijuana industry has become one of the hot topics for stock market investors.<p>The internet abounds with articles and a rapidly increasing number of advertisements ready to advise …

Stocks

Rolls-Royce reports record loss of £4.6bn

<b>A bribery settlement and a fall in the pound have pushed engineering giant Rolls-Royce to its worst ever loss.</b><p>The jet engine maker reported a loss before tax of £4.6bn for 2016.

Rolls-Royce

Trading Success - What creates it

<b>The creation of trading success is first and foremost an inside job. It may surprise you but 95 % of your thoughts and actions are performed on auto</b> …

Success

The growing need to regulate virtual currencies in esports

Just a few years ago, no one would have ever thought to associate gambling with esports, yet it’s fast becoming commonplace to make a bet on matches and major tournaments.<p>The growing market for esports gambling is in fact a contentious issue, which you’ll notice in the discrepancies in revenues …

Gambling

GlaxoSmithKline: 2016's Results Bode Very Well For The Future

GSK's FY2016 results show the pharma giant is finally starting to turn a corner.<p>All segments (pharma, vaccines and consumer healthcare) saw healthy …

Investing

'The Lego Batman Movie' tops the first strong weekend box office of the year

Who says there's nothing to see at the movies?<p>This weekend proved that multiple titles can perform well at the multiplex on the same weekend as "The Lego Batman Movie," "Fifty Shades Darker," and "John Wick: Chapter 2" all had impressive first weekends.<p>"The Lego Batman" movie found positive reviews …

Movies

Ford Invests $1 Billion in Robotics Startup Argo to Help Bring a Driverless Car to Market by 2021

The Pittsburgh startup, founded by two alumni of Carnegie Mellon University's robotics program, is only a few months old.<p>Ford Motor is spending $1 billion to take over a robotics startup to acquire more of the expertise needed to reach its ambitious goal of having a fully driverless vehicle on the …

Driverless Cars

What To Ask Your Financial Adviser

What To Ask Your Financial Adviser<p>By Ryan Velez<p>In general, you picture a financial adviser as a benevolent figure in your life, helping you make the …

Retirement

A math whiz who beat the odds of life and of the blackjack table and Wall Street

<i>Margaret Wertheimis a science writer and author of books on the cultural history of physics.</i><p>Halfway through Edward O. Thorp’s lark-filled account of his pioneering career as a gambler and inventor of stock-trading tools, he tells us that “gambling is investing simplified.” So by reverse, investing …

Gambling