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Articles Posted by John W

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  • Dow Jones Futures Rise On Trump China Tweets; Keep Eye On This Tech Group

    05/13/2018 5:36:56 PM PDT · by John W · 7 replies
    Investor’s Business Daily ^ | May 13, 2018 | Ed Carson
    Dow Jones futures today rose modestly vs. fair value, along with S&P 500 futures and Nasdaq futures. President Donald Trump tweeted that it "will all work out" on U.S.-China trade. He also tweeted that he wants to help China's ZTE "get back into business, less than a month after the U.S. banned domestic companies from selling components to the telecom gear giant. That could be good news for U.S. optical stocks such as Oclaro, Finisar, Acacia Communications and Lumentum Holdings which also is an Apple iPhone supplier.
  • Amazon shelves Seattle expansion plans over proposed tax hike

    05/03/2018 5:44:05 PM PDT · by John W · 34 replies
    Seattle Times via ^ | May 3, 2018 | The Seattle Times
    The company that's conquered the world of online retail is now taking on its hometown City Hall, with Amazon delivering an unprecedented public threat Wednesday against a proposal for a new tax on large employers in Seattle. The retail giant has paused construction planning on a new downtown Seattle tower until the City Council votes on the tax to fund homelessness programs, a spokesman said. Amazon also may sub-lease rather than occupy space in a skyscraper under construction downtown, said the spokesman, Drew Herdener
  • U.S. weekly jobless claims fall to lowest level since 1969

    04/26/2018 6:29:32 AM PDT · by John W · 45 replies
    Reuters via Yahoo ^ | April 26, 2018
    WASHINGTON, (Reuters) - New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March's slowdown in job growth was probably temporary. Initial claims for state unemployment benefits fell 24,000 to a seasonally adjusted 209,000 for the week ended April 21, the lowest level since December 1969.
  • In Intense Arguments, Supreme Court Appears Ready To Side With Trump On Travel Ban

    04/25/2018 10:15:22 AM PDT · by John W · 89 replies ^ | April 25, 2018 | Nina Totenberg
    During arguments at the Supreme Court on Wednesday, the justices seemed, by a narrow margin, to be leaning toward upholding the the third iteration of the Trump travel ban. Justice Anthony Kennedy, who is often the deciding vote in close cases, for example, made repeated comments suggesting that the court does not usually second-guess a president's national security decisions — even in the context of an immigration law that is seen as banning discrimination based on nationality. If the court does decide in favor of the government — a decision is expected in June — it would be a big...
  • Consumer confidence in April rebounds close to 18-year high

    04/24/2018 7:33:55 AM PDT · by John W · 9 replies ^ | April 24, 2018 | Jeffry Bartash
    The consumer confidence index climbed to 128.7 in April from 127 in March, the Conference Board said Tuesday. Two months ago, the index hit the highest level since the end of 2000. The present situation index, a measure of current conditions, rose to 159.6 from 158.1. The future expectations index advanced to 108.1 from 106.2. Americans were more optimistic about their own finances and they think jobs are easy to find, the survey showed.
  • Global Stocks Rebound, Dow Futures Leap as U.S. Moves to Cool Trade War Talk

    03/26/2018 2:23:07 AM PDT · by John W · 18 replies ^ | March 26, 2018 | Marin Baccardax
    Global stocks rebounded Monday, pulling European markets higher and lifting U.S. equity futures into the green, following news that White House trade officials agreed to exempt South Korea from steel tariffs and were ready to open dialogue with China in an effort to avert a global trade war that has threatened economic growth and hammered financial markets around the world.
  • Markets Now: Dow Gains 330 Points on ‘Perfect’ Payrolls Report

    03/09/2018 10:08:35 AM PST · by John W · 11 replies
    Barron’ ^ | March 9, 2018 | Ben Levisohn
    The Dow has now gained 326.38 points, or 1.3%, to 25,221.59. And why shouldn't it? No less than Gluskin Sheff's David Rosenberg, who has a reputation as something of a curmudgeon, notes that the increase wasn't just big--the largest since July 2016--but also broad based. Construction payrolls added 61,000 jobs, while the manufacturing sector produced 100,000 jobs, the most since 1998. And even retail added 50,000 jobs, a sign that sector might have finally stopped shrinking, Rosenberg says.has risen 1.2% to 2772.71, and the Nasdaq Composite has climbed 1.3% to 7524.73.
  • Stocks fall near session lows as investors react to threat of steel, aluminum tariffs

    03/01/2018 11:02:12 AM PST · by John W · 26 replies ^ | March 1, 2018 | Anora M. Gaudiano
    U.S. equity indexes sank Thursday afternoon, pitching sharply lower amid an announcement that President Donald Trump would impose tariffs on steel and aluminum imports, raising concerns of protectionists trade policies. The tariff news also come as the market was following a second round of testimony from Federal Reserve Chairman Jerome Powell, which concluded at around noon. Trump told steel and aluminum executives gathered at the White House on Thursday that the U.S. would announce tariffs on imports of those products next week. Trump said the U.S. would set tariffs of 25% for steel and 10% for aluminum. Stronger-than-expected economic releases...
  • Sen. John McCain, Ill With Brain Cancer, Tells Western Allies 'I Am Counting on You (trunc)

    02/19/2018 5:07:27 PM PST · by John W · 39 replies ^ | February 19, 2018 | Time Staff
    Cindy McCain accepted an award on behalf of her husband John McCain, who is ill with brain cancer, on Saturday night at the Munich Security Conference. She read a letter from her husband in which the Republican Senator and longtime foreign policy hawk urges America’s allies to stand by the values that won the Cold War. The Ewald Von Kleist Award is given for service to international peace and conflict resolution. It is named for a German who volunteered to wear a suicide vest in the attack on Adolf Hitler, and who founded the conference conference in Munich. McCain’s call...
  • Dow on pace for 5th win in a row, helped by Cisco’s earnings-driven jump

    02/15/2018 2:48:02 AM PST · by John W · 10 replies ^ | February 15, 2018 | Victor Reklaitis
    U.S. stock futures moved higher Thursday, setting the Dow on course for its fifth up day in a row, as the equity market keeps rebounding from its tumble earlier this month. Cisco Systems Inc. is the biggest premarket winner among Dow components, in the wake of its quarterly results. Investors are due to get a raft of economic reports, including readings on producer prices and the housing market. The three gauges stand between 4.8% and 6.5% below last month’s all-time highs, recovering from their drop in the first half of February. The selloff was sparked in part by rising bond...
  • Dow futures rally more than 250 points, as focus turns to Trump’s infrastructure plan

    02/12/2018 3:04:24 AM PST · by John W · 5 replies ^ | February 12, 2018 | Barbara Kollmeyer
    U.S. stock futures climbed on Monday, building on a strong late-session rebound on Friday, with the Dow futures up almost 300 points. The move came as investors waited to hear from President Donald Trump about his administration’s plan to spend $200 billion to spur work on the nation’s infrastructure. Hopes for an economic boost from increased infrastructure spending have helped lift stocks since Trump was elected in late 2016.
  • George W. Bush says Russia meddled in 2016 US election

    02/08/2018 7:49:26 AM PST · by John W · 94 replies
    AP via Journal Gazette ^ | February 8, 2018 | Jon Gambrell
    <p>ABU DHABI, United Arab Emirates – Former President George W. Bush said on Thursday that "there's pretty clear evidence that the Russians meddled" in the 2016 American presidential election, forcefully rebutting fellow Republican Donald Trump's denials of Moscow trying to affect the vote.</p>
  • Justice Department official overseeing Mueller and Russia probe under increasing pressure

    02/02/2018 6:15:35 PM PST · by John W · 57 replies
    The Washington Post ^ | February 2, 2018 | Sari Horwitz
    Rod J. Rosenstein’s tenure as deputy attorney general and the top Justice Department official overseeing the Russia investigation appears to be in peril after President Trump refused to say Friday whether he had confidence in him. After Trump authorized release of a controversial memo on FBI surveillance practices by House Intelligence Committee Republicans, he was asked by a reporter whether he was more likely to fire Rosenstein and whether he had confidence in the 27-year-veteran of the Justice Department who oversees its day-to-day operations and special counsel Robert S. Mueller III’s investigation. “You figure that one out,” Trump replied. The...
  • US added strong 200K jobs in January; pay up most in 8 years

    02/02/2018 5:51:33 AM PST · by John W · 19 replies
    AP ^ | February 2, 2018 | CHRISTOPHER RUGABER
    WASHINGTON (AP) — U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a healthy job market. The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states also likely boosted pay last month. The unemployment rate remained 4.1 percent for a fourth straight month, the lowest level since 2000, the Labor Department said in its monthly jobs report Friday.
  • Free Republic NASCAR Fantasy League Sign Up

    02/01/2018 11:57:50 AM PST · by John W · 41 replies
    Free Republic Racing ^ | February 1, 2018 | John W
    Folks, we have migrated (legally) to a new web site this year as Yahoo has shut down their league. This site attempts to mimic yahoo as far as possible. Go here: Free Republic Racing password: jimrob Good Luck!
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:15:44 AM PST · by John W · 29 replies
    Reuters ^ | February 1, 2018 | Reuters Staff
    NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday.
  • Earnings have been ‘unambiguously positive,’ and it’s going to get even better, says JPMorgan

    01/28/2018 3:34:50 PM PST · by John W · 15 replies ^ | January 28, 2018 | Keris Lahiff
    Buckle up: The market is entering one of the busiest weeks of earnings season, and one strategist says the ride could be thrilling. More than 100 S&P 500 Index companies and 10 Dow stocks are due to report in the coming week, a group with a collective value of over $9 trillion. Some of the largest companies reporting earnings in the week ahead include Facebook, Microsoft, Apple, Alphabet , McDonald's, Boeing, AT&T and Exxon Mobil. Based on the results we've seen so far, Stephen Parker, head of thematic equity solutions at JPMorgan, says the markets could see a huge boost...
  • Dow futures rise as market rally ‘shows no sign of abatement’

    01/24/2018 4:23:56 AM PST · by John W · 16 replies ^ | January 24, 2018 | Victor Reklaitis
    U.S. stock futures on Wednesday pointed to a rally at the open, setting up the main benchmarks for another round of records. Investors are getting a fresh flurry of corporate earnings, with reports from GE and other household names on tap. The three equity gauges are up between 6% and 8.1% so far in 2018, adding to last year’s sizable gains as investors cheer the expanding U.S. economy and growth in corporate profits. “The S&P 500 really is up more than 6% so far this month and shows no sign of abatement,” said Voya Investment Management strategists Doug Coté and...
  • Dow on track for 200-point jump, putting 26,000 within reach

    01/16/2018 3:18:03 AM PST · by John W · 20 replies ^ | January 16, 2018 | Victor Rekalitis
    Stock futures on Tuesday pointed to a jump at the open, with Dow futures rising by more than 200 points and putting the blue-chip gauge on track for a fresh record near the 26,000 level. The three major equity benchmarks have risen between 22% and 30% over the past 12 months, helped by factors such as an expanding U.S. economy, growth in corporate profits and enthusiasm over the Trump administration’s tax cuts and other business-friendly policies. A fresh release on the U.S. economy’s manufacturing sector is due at 8:30 a.m. Eastern Time, with the January update for the Empire State...
  • Dow, S&P 500 and Nasdaq Rocket to New Records

    01/11/2018 1:35:25 PM PST · by John W · 20 replies ^ | January 11, 2018 | Joseph Woelfel
    The Dow Jones Industrial Average, S&P 500 and Nasdaq all scored new record closes on Thursday, Jan. 11, as Wall Street got a boost from some of its biggest industrial and energy names. The Dow jumped 205 points, or 0.81%. The blue-chip index was led by Chevron Corp. up 3%, General Electric Co. which rose 0.5%, Caterpillar Inc. which gained 2%, and Boeing Co. up 2.4% .