Financial and Economic Brief - November 14, 2017by © Liberty Publishing, Inc.
• Oil Prices May Stay Steady - Oil prices have been rising since June, increasing about 33%. British Petroleum boss Bob Dudley says that may be all for now.
• Coal’s Bleak Future - The coal industry has seen only modest gains in jobs and production this year, mostly from a temporary uptick in foreign demand.
• Qualcomm Rejects Takeover Proposal - Qualcomm recently rejected Broadcom's $103 billion takeover proposal, noting the bid “significantly undervalues” the wireless telecommunications company.
Financial and Economic Brief - November 7, 2017by © Liberty Publishing, Inc.
• October Jobs Report - The U.S. economy added 261,000 jobs in October and the unemployment rate was 4.1%.
• Gas Prices on the Rise - Gasoline prices have risen for most of the U.S. at a time in the year when there is usually “relief” at the pump.
• Dudley Leaving Fed - William Dudley, “among the most influential monetary policymakers throughout the financial crisis and its aftermath”, expects to retire by mid-2018, before his term officially ends in January 2019.
Financial and Economic Brief - October 31, 2017by © Liberty Publishing, Inc.
• GDP Rose 3% - The U.S. economy “unexpectedly maintained a brisk pace of growth” in the third quarter.
• Oil Prices Still Sub $60/Barrel - The “key psychological threshold” of $60 a barrel has not been broken in awhile.
• Consumer Spending Increases - The Commerce Department reported that consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 1% in September.
Financial and Economic Brief - October 24, 2017by © Liberty Publishing, Inc.
• “Pick Up” in Business for 4th Quarter? - According to a survey of business analysts, even though business wasn't great during Q3 2017, things “should pick up again” in Q4.
• Hartford to Acquire Aetna’s Life and Disability - The Hartford Financial Services Group has agreed to acquire Aetna's U.S. group life and disability business for $1.45 billion.
• Wall Street at Record Levels - Wall Street indexes hovered at record levels on Monday as investors aplauded the continuation of “Abenomics” following Japanese Prime Minister Shinzo Abe’s win in the polls.
Financial and Economic Brief - October 17, 2017by © Liberty Publishing, Inc.
• Bright Outlook for Economy - Federal Reserve Chair Janet Yellen said she had a bright outlook for the U.S. economy and for inflation forecasts in the coming months.
• Tesla Model 3 Production Slows - According to reports, Tesla dismissed several hundred workers because the company is off to a slow start in manufacturing its Model 3 electric car.
• Indexes Hit Records - Wall Street indexes hit records at the open on Monday on gains in financial and technology stocks even as investors awaited earnings reports this week.
Financial and Economic Brief - October 10, 2017by © Liberty Publishing, Inc.
• New “Bubbles” to Emerge? - According to German Finance Minister, Wolfgang Schaeuble, volatile loans and mounting global debt could lead the world into another economic crisis.
• Walmart Announces Buyback - Walmart announced a $20 billion share repurchase program to replace its existing plan and shares were up more than 2% in premarket trade on the news.
• Spanish Separation Affects European Stocks - World shares achieved a record high on Tuesday, although European shares traded “cautiously” as markets waited to see whether Spain’s Catalonia region would push for independence.