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Meric Greenbaum, Fred DeMarco
| December 9th, 2019  12:16 AM
Asian shares rise after buying mood on Wall Street ends week
TOKYO (AP) — Asian shares were mostly higher Monday, cheered by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. Japan's benchmark Nikkei 225 edged up 0.4% in early trading to 23,439.13, while Australia's S&P/ASX 200 added 0.4% to 6,735.70. South Korea's Kospi edged up 0.3% to 2,087.92.
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Asian shares rise after buying mood on Wall Street ends week
Meric Greenbaum, Fred DeMarco
| December 9th | 2019  12:16AM
Asian shares rise after buying mood on Wall Street ends week
TOKYO (AP) — Asian shares were mostly higher Monday, cheered by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. Japan's benchmark Nikkei 225 edged up 0.4% in early trading to 23,439.13, while Australia's S&P/ASX 200 added 0.4% to 6,735.70. South Korea's Kospi edged up 0.3% to 2,087.92.
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State AGs look to head off T-Mobile-Sprint deal in court
State AGs look to head off T-Mobile-Sprint deal in court
| December 9th | 2019  12:01AM
State AGs look to head off T-Mobile-Sprint deal in court
NEW YORK (AP) — A high-drama telecom deal is heading to court. T-Mobile, in its attempt to buy Sprint for $26.5 billion, has already notched approvals from key federal regulators. Now it must convince a federal judge that the 14 state attorneys general suing to stop the deal are wrong. A trial starts Monday in U.S. District Court in New…
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Japan economy marks 4th straight quarter of expansion
Japan economy marks 4th straight quarter of expansion
| December 8th | 2019  11:54PM
Japan economy marks 4th straight quarter of expansion
TOKYO (AP) — Japan's economy expanded at a faster than earlier estimated annual rate of 1.8% in July-September, powered by stronger consumer purchases and corporate investment ahead of an Oct. 1 tax hike. However that tax increase is expected to hurt growth in coming months. The data issued Monday were a revision of the earlier reported 0.2% growth in the last quarter.
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Japan economy markets 4th straight quarter of growth
Economy news icon
| December 8th | 2019  10:08PM
Japan economy markets 4th straight quarter of growth
TOKYO (AP) — Japan's economy grew at an annual rate of 1.8% in July-September, according to revised government data, better than the modest annual pace of 0.2% it gave as an earlier estimate. The world's third largest economy has marked the fourth straight quarter of expansion, supported by consumer purchases ahead of a tax hike that kicked in recently.
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Average US price of gas drops 1 penny per gallon to $2.65
Energy industry news icon
| December 8th | 2019  4:30PM
Average US price of gas drops 1 penny per gallon to $2.65
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dipped 1 penny per gallon (3.8 liters) to $2.65 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that further cuts to retail gas prices are unlikely because crude oil costs are on the rise. The price…
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STORY REMOVED: AP-NABE Economic Outlook
Government policy news icon
| December 8th | 2019  4:12PM
STORY REMOVED: AP-NABE Economic Outlook
WASHINGTON (AP) — The Associated Press has withdrawn its story about the United States' economic outlook because the report has an embargo of 12:01 a.m. Monday, Dec. 9. AP will resend the story when the embargo has lifted.
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Business economists see US slowing but avoiding recession
Economy news icon
| December 8th | 2019  4:00PM
Business economists see US slowing but avoiding recession
WASHINGTON (AP) — The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year. The latest survey by 53 forecasters with the National Association for Business Economics shows that they expect economic growth to slow from 2.9% last year to 2.3% in 2019 and 1.8% in 2020.
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Gannett: ‘Frontline’ reporting jobs will be last to get cut
Gannett: ‘Frontline’ reporting jobs will be last to get cut
| December 8th | 2019  11:55AM
Gannett: ‘Frontline’ reporting jobs will be last to get cut
NEW YORK (AP) — In November, newspaper publisher GateHouse completed its acquisition of USA Today owner Gannett, creating the largest newspaper publisher in the U.S. Executives behind the merger, which was funded in part by a high-interest, $1.8 billion loan from a private equity firm, have pledged significant cost cuts, but say they are aiming to shield…
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Ukraine, IMF reach $5.5 billion agreement
Economy news icon
| December 8th | 2019  9:42AM
Ukraine, IMF reach $5.5 billion agreement
KYIV, Ukraine (AP) — Ukraine and the International Monetary Fund have reached agreement on a new $5.5 billion program to boost the country's growth and economic reforms. The agreement, which still must be approved by the fund's management, was reached in a Saturday telephone call between Ukrainian President Volodymyr Zelensky and IMF managing director Kristalina Georgieva.
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China's trade with US sinks in November amid tariff war
China's trade with US sinks in November amid tariff war
| December 8th | 2019  5:21AM
China's trade with US sinks in November amid tariff war
BEIJING (AP) — China's trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war. Exports to the United States fell 23% from a year earlier to $35.6 billion, customs data showed Sunday. Imports of American goods were off 2.8% at $11 billion, giving China a surplus…
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New Amazon lease for NY space renews debate over failed deal
New Amazon lease for NY space renews debate over failed deal
| December 7th | 2019  7:23PM
New Amazon lease for NY space renews debate over failed deal
NEW YORK (AP) — Amazon has signed a lease for a new office space in Manhattan that will house more than 1,500 employees, less than a year after pulling out of a deal for a larger headquarters in the borough of Queens after politicians and activists objected to nearly $3 billion in incentives. The new office almost immediately renewed…
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Tensions as yellow vests join French retirement protests
Tensions as yellow vests join French retirement protests
| December 7th | 2019  3:57PM
Tensions as yellow vests join French retirement protests
PARIS (AP) — Paris police skirmished Saturday with yellow vest activists who joined a wave of protests against the government's overhaul of France's retirement system, as highway blockades and train stoppages by other protesters disrupted weekend travel around the country. A few thousand yellow vest protesters marched from the Finance…
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Amazon signs lease for New York office space
Corporate news news icon
| December 7th | 2019  3:28PM
Amazon signs lease for New York office space
NEW YORK (AP) — Amazon has signed a lease for a new office space in Manhattan that will house more than 1,500 employees, less than a year after pulling out of a deal for a larger headquarters in the borough of Queens after politicians and activists objected to nearly $3 billion in incentives. The new office almost immediately renewed…
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Protests erupt as Russia seeks closer ties with Belarus
Protests erupt as Russia seeks closer ties with Belarus
| December 7th | 2019  3:22PM
Protests erupt as Russia seeks closer ties with Belarus
MINSK, Belarus (AP) — The leaders of Russia and Belarus spent more than five hours Saturday in sensitive talks on deepening ties between the two allies — a meeting that triggered a protest in the Belarusian capital among those who fear Russia's intentions. No immediate deal was announced after the talks in Sochi on Russia's Black Sea…
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Belarus eyes closer integration with Russia, fueling protest
Energy industry news icon
| December 7th | 2019  1:40PM
Belarus eyes closer integration with Russia, fueling protest
MINSK, Belarus (AP) — The leaders of Russia and Belarus sat down for talks Saturday on deepening ties between the two allies — a meeting that triggered a protest in the Belarusian capital. More than 1,000 opposition demonstrators rallied in Minsk to protest closer integration with Russia, which they fear could erode the post-Soviet independence of Belarus, a nation of 10 million.
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Is Slack the New Blackberry?
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| December 6th | 2019  1:00AM
Is Slack the New Blackberry?
Slack (NYSE:WORK) won’t make the list of the top technology stocks. But it will make the list of the most debated. Since its initial public offering (IPO) in June 2019, Slack has drawn a lot of attention from bulls and bears alike. The bulls appeared to get a lift on Dec. 4 when the company announced better-than-expected quarterly results. However,…
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Facebook Takes The Stairs Towards ATHs
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| December 6th | 2019  1:00AM
Facebook Takes The Stairs Towards ATHs
While shares of social media giant Facebook (NASDAQ: FB) have lagged the performance of the tech-heavy NASDAQ index in 2019, they’ve had a very promising fall season and look good going into the last 3 weeks of the year. They’ve taken a very orderly route north in the past two months and have tacked on about 15% in returns since the start of October.
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Use This Tool and Strategy to Scalp Long Profits
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| December 6th | 2019  1:00AM
Use This Tool and Strategy to Scalp Long Profits
Scalping is a style of intraday trading that concentrates on taking high probability set-ups to profit off short-term price moves. Traders tend to use larger sized shares for smaller price gains. This style of trading requires high-probability strategies and disciplined execution. Over 70-percent of all daily trading volume on U.S. exchanges are performed by algorithms, that scalp the markets all day.
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Does the Jobs Report Foreshadow a Year-End Rally?
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| December 6th | 2019  1:00AM
Does the Jobs Report Foreshadow a Year-End Rally?
The U.S. Bureau of Labor Statistics reported a total of 266,000 new jobs created in November. This was nearly 50% higher than the forecast for 180,000 new jobs by economists who were surveyed by Refinitiv. Both the September and October jobs reports received upward revisions to the tune of 41,000 total new jobs. Some of that increase can be explained…
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CM
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B
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