Econintersect: The Federal Open Market Committee (FOMC) - the board of directors of the Federal Reserve again did NOT adjust the federal funds rate. There was dissent as one member believed the federal funds rate should have been increased. There was little in their outlook which would have prevented a rate increase as:
.... near-term risks to the economic outlook have diminished. ...
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Pilots spend hours in multi-million dollar simulators, preparing for the worst cast scenario. In this episode Flight Mode, WIRED's Jack Stewart gets a taste of what pilots go through.
Infographic Of The Day: Health Benefits Of Sewing
Clinical studies are now revealing that sewing, along with other crafting type hobbies are actually good for us.
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27Jul2016 Pre-Market Commentary: Apple Up 7%, Wall Street Expected To Open In The Green, Durable Goods Plunge 4%, Key Corporate Earnings On Tap
by Elliott Morss, Morss Global FinanceIntroduction
Inasmuch as the US is the world's leading power, any major foreign policy mistakes it makes are felt globally. The US and Russia wisely did not go to war back in 1962 over Russian missiles in Cuba. Great choice! But Iraq and Vietnam were clearly huge foreign policy mistakes. Which was worse? This question is examined below.
Written by Gary
U.S. stock futures point higher ahead of Fed outcome, Apple jumps 7%, the Fed is expected to stand pat at its meeting today. WTI crude prices remain steady in the high $42's and the US dollar is showing some weakness before the opening bell.
26Jul2016 Market Close: US Markets Close Flat And Lifeless, Crude Prices Low But Steady, Fed Announc
26Jul2016 Market Update: US Markets Mixed, Large Caps In The Red And Trending Down, Crude Prices Ste
Written by Steven Hansen
The National Association of Realtors (NAR) seasonally adjusted pending home sales index marginally increased. Our analysis of pending home sales is more negative than the NAR's, and we are forecasting relatively poor July home sales. The quote of the day from this NAR release: