Markets closed off its afternoon highs as expected on moderate volume while investors mull over China's woes. U.S. stocks ended in the red, mostly flat today as investors focused on U.S. growth after two days of concerns about China and a drop in energy shares offset a rebound in retail sales and stronger-than-expected results from Cisco.
China's devaluation probably won't derail a September Fed rate increase, but its effect on import prices could help blunt their trajectory.
NEW YORK (Reuters) - The U.S. Federal Trade Commission on Thursday released unprecedented guidance on a section of business antitrust law that bars "unfair competition," but stopped well short of offering the level of detail long sought by businesses.
Submitted by Lance Roberts via STA Wealth Management,
Freight Volumes Suggest Weak Growth
We often look at broad measures of the economy to determine its current state. However, we can often receive clues about where the economy may be headed by looking at data that feeds into the broader measures. Exports, imports, wage growth, commodity prices, etc. all have very important ties to the health of the consumer which is critical to an economy that is nearly 70% driven by their consumption.
While I have discussed the importance those issue in the past, there are other indicators that can also provide valuable clues. One such example is the Cass Freight Index. From the Cass website:
"Data within the Index includes all domestic freight modes and i ...
WASHINGTON (Reuters) - U.S. retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting the economy was growing solidly early in the third quarter and bolstering the case for a Federal Reserve interest rate hike.
(Reuters) - Coca-Cola Co on Thursday named James Quincey president and chief operating officer, setting up the long-time company veteran to possibly one day take the helm of the world's largest soda maker.
For the first time since March 2009, the front-month WTI crude futures contract has traded with a $41 handle.
As it draws ever nearer the 2009 lows, we are reminded of the ominous warnings that DoubleLine's Jeff Gundlach issued in January. - "I hope it does not go to $40 because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be - to put it bluntly - terrifying."
As we previously discussed in January, in a recent interview with FuW, DoubleLine's Jeff Gundlach explained his concerns about the oil market not being "unequivocally good" for everyone...
Question: The crash in the oil market is already causing jitters in the financial markets around the globe. What is your take on that?
Gundlach: Oil is incredibly important right now. If oil falls to around $40 a ...
(Reuters) - Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company's $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash.
BRUSSELS (Reuters) - Google Inc , the world's most popular Internet search engine, has been given an extra two weeks to counter European Union charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine.
U.S. retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting the economy was growing solidly early in the third quarter and bolstering the case for a Federal Reserve interest rate hike.
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