After Tuesday’s trade-tweet related hit for equities, investors should be ready for a distraction.

That may come from some big names out later, including Netflix, whose shares have soared 6,000% over 10 years. Netflix is a classic example of a growth stock – offering above-average returns, but with the potential of higher risk for investors.

But some on Wall Street are concerned that the cost of those stocks, or valuation, is expensive, and indeed, this UBS chart shows ...


[Full Story...]
217 0

Amazon said this year's Prime Day was "once again the largest shopping event" in its history.

The company said sales from its two-day shopping event surpassed last year's Black Friday and Cyber Monday sales combined. Amazon didn't reveal specific figures, like revenue. It also doesn't typically disclose numbers for specific shopping days, with the only glimpse of sales being in its quarterly earnings.
A record number of Prime members in the United States shopped during the extravaganza, according to Amazon (AMZN). In total, Prime members globally bought more than 175 million items.
Prime Day was also successful for Amazon's line of deeply discounted gadgets. It was the "biggest event ever" for the electronics, which encompass the Fire TV Stick, Echo smart speakers and Fire tablets, among others.
 
 
"Members purchased millions of Alexa-enabled devices, received ....

[Full Story...]
176 0

America's debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America's gluttony of loans could work against it if its fragile economic balance shifts.

In the first quarter of 2019, the United States' total public- and private-sector debt amounted to nearly $70 trillion, according to research by the Institute of International Finance. Federal government debt and liabilities of private corporations excluding banks both hit new highs.
Debt in itself isn't bad. Borrowing can help governments and businesses grow by funding important projects and services that make the economy stronger. And right now, the United States can still deal with its debt burden. The economy, about $21 trillion in size, remains ...

[Full Story...]
174 0

Gold prices are solidly higher and near daily highs in early U.S. trading Wednesday, following the just-released prepared text from Federal Reserve Chairman Jerome Powell for his speech to the U.S. House of Representatives. Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy. August gold futures were last up $7.20 an ounce at 1,407.90. September Comex silver prices were last up $0.128 at $15.27 an ounce.

Powell is his text said since the June FOMC meeting uncertainties, including world trade tensions, global growth and very low inflation, continue to cloud the outlook for the U.S. economy and these matters are not improving. He said the U.S. economic outlook is solid, but the prospects for other major world economies are worrisome. The marketplace is reading his remarks as dovish on U.S. monetary policy, which in turn strongly suggest the Fed will cut U.S. interest rates...


[Full Story...]
182 0
Powell says pay gains too slow to lift inflation
2019-07-10 08:57 • Associated Press

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s presentation of the Fed’s semi-annual monetary report to Congress. (all times local)

11:20 a.m.

Worker pay isn’t rising fast enough to push up inflation, Federal Reserve Chairman Jerome Powell says, even with the unemployment rate near a five-decade low. Little inflation pressure makes it easier for the Fed to cut short-term interest rates.

“We don’t have any basis, or any evidence, for calling this a hot labor market,” Powell says during testimony before the House Financial Services Committee. “To call something hot you need to see some heat.”


[Full Story...]
183 0
 
TOKYO (AP) — Global stock markets were steady Wednesday, with investors remaining cautious ahead of a closely watched congressional testimony by the chairman of the U.S. Federal Reserve, Jerome Powell.

Traders will be listening closely to the exchanges between Powell and lawmakers on Wednesday and Thursday for hints about the Fed’s next move on interest rates.

The market rallied through much of June after the central bank signaled ...


[Full Story...]
181 0

A federal judge on Monday stopped a Trump administration initiative that would have required drugmakers to reveal the sticker price of their drugs in television ads.

Under the rule, if a medicine's list price was more than $35 a month, it would have to be stated during the commercial. The challenge, opponents say, is that a drug's list price and estimates of what people can expect to pay vary widely depending on coverage.

The rule was blocked hours before...


[Full Story...]
213 0

Lots of people have student loans: more than 45 million people. They collectively owe about 1.6 trillion dollars.

That is, of course, a lot of debt — but amid all the national debate right now about what to do about it, it's important to remember that not all debt is created equal, and some borrowers are struggling more than others.

"The large debts we hear about are often taken out by...


[Full Story...]
204 0
Pacific Press/LightRocket via Getty Images

Raising the federal minimum wage to $15 an hour by 2025 would increase the pay of at least 17 million people, but also put 1.3 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.

The increased federal minimum could also raise the wages of another 10 million workers and lift 1.3 million Americans out of poverty, according to the nonpartisan CBO. The current federal minimum wage is $7.25 and last increased a decade ago.

 


[Full Story...]
202 0

Public shame.

That's the tactic one Canadian grocery store used to get customers to ditch single-use plastics and instead utilize reusable shopping bags.

Shoppers who didn't bring in their own bags to the East West Market in Vancouver left with groceries in bags that read "Wart Ointment Wholesale," "Into the Weird Adult Video Emporium," or "The Colon Care Co-Op."

For store owner David Kwen, the bags evolved out of wanting to bring more awareness to reducing consumption — in a humorous way.

Kwen printed the eyebrow-raising...


[Full Story...]
191 0

NEW YORK (Reuters) - American financier Jeffrey Epstein pleaded not guilty on Monday to charges of sex trafficking as prosecutors accused him of luring dozens of girls as young as 14 to his luxury homes in New York and Florida and paying them for sex acts.

An indictment unsealed in federal court in Manhattan accused Epstein, 66, of arranging for girls to perform nude “massages” and other sex acts, and paying some girls to recruit others, from at least 2002 to 2005.


[Full Story...]
205 0

(Bloomberg) -- New York Governor Andrew Cuomo signed into law a measure that would give key members of Congress the ability to request President Donald Trump’s state tax returns.

The law opens a new avenue for House Ways and Means Committee Chairman Richard Neal, who has sued the IRS and Treasury Department for refusing to release Trump’s federal returns, to gain insight into Trump’s personal and business financial obligations.

 


[Full Story...]
188 0

HONG KONG/LONDON/NEW YORK (Reuters) - Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.

Deutsche Bank confirmed on Sunday that it was closing huge parts of its trading businesses, with staff in its equities division in Sydney and Hong Kong among the first to be told their roles would go.

"If you have a job for me, please let me know," said a banker leaving the Hong Kong office on Monday.

Staff leaving in Hong Kong were holding envelopes with the bank's logo. Three employees took a picture of themselves beside a Deutsche Bank sign outside, hugged and then hailed a taxi. 


[Full Story...]
199 0
Gold Market Chops In Lazy Summertime Trading
2019-07-08 10:55 • kitco.com
Gold 24 hour Spot
 
 

[Full Story...]
191 0
Search InvestingPie
Search
Share on Twitter Share on Facebook Share on Google Plus
New comments
Very informative
05-03 04:23 by Liam
More from InvestingPie
Advertise with us

Find out our advertising solutions. Our Team will be in touch with you with a program that suits your needs. Please contact us.