U.S. stocks were little changed in early afternoon trading, having trimmed earlier gains after comments from Federal Reserve Governor Jerome Powell that the economy could be ready for interest rate increases twice this year.
Crude futures rallied around 2 percent on Tuesday, latching onto a rebound in oil products ahead of U.S. inventory data expected to show strong demand for gasoline.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The Bovespa is up 0.49% while the IPC gains 0.33%. The S&P 500 is even.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Dropping below 40%-35% signals serious continuing weakness and falling averages.
(Reuters) - U.S. stocks were little changed in early afternoon trading, having trimmed earlier gains after comments from Federal Reserve Governor Jerome Powell that the economy could be ready for interest rate increases twice this year.
(Reuters) - U.S. auto safety regulators said on Tuesday their estimate for the millions of vehicles affected by the Takata Corp air bag recall will likely be revised because cars with two front air bags were double-counted.
ATHENS (Reuters) - Greek lawmakers reacted angrily on Tuesday to concessions Athens offered in debt talks and parliament's deputy speaker warned the proposals might be rejected, puncturing optimism that a deal to pull Greece back from the abyss might be sealed quickly.
PARIS (Reuters) - Airbus is in talks to sell some 50-70 A330 wide-body jets to China as part of plans to set up a new industrial plant in the world's fastest-growing aviation market, sources familiar with the discussions said on Tuesday.
On Monday, we brought you a firsthand photographic account of a Greek ATM refill in progress.
The nice fellow shown above filling the cash machine at Arnie's Place restaurant in Nidri Greece works for G4S, a security services firm which is working with the Bank of Greece to coordinate the Greek bank run.
In essence, it's the Bank of Greece's job to accept stodgy collateral (including unsecured bonds issued by the banks themselves and backed by the full faith and credit of the insolvent Greek government) for newly-minted German TARGET2 claims euros and it's G4S's job to determine how those euros should be allocated to ensure that the ATMs don't r ...
NEW YORK (Reuters) - Big investment banks are facing their toughest test yet in the current 2015 Shared National Credit (SNC) review, months after regulators warned the banks that the quality of U.S. leveraged loans that they arranged was not as good as the banks claimed, sources said.
Submitted by Lance Roberts via STA Wealth Management,
I penned an article recently discussing the many measures that corporations have used in recent years to "beat" Wall Street estimates. Of course, the beating of Wall Street estimates, so adamantly adored by mainstream media, always ignores the fact that estimates are continually reduced so that companies to "beat" them. This is the equivalent of moving the "target to the arrow."
This "target moving" can be clearly witnessed by the quarterly movement in estimates over time. Dr. Ed Yardeni regularly publishes the trend in earnings estimate revisions over time. From the initial to the final estimates, the overstatement has been roughly 33% on average.
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