Markets closed higher today with the DOW piercing the triple digit level as oil skated sideways in the high 44's. Investors are still skittish about the markets continuing the bull run as the averages have continued their narrow sideways trading and literally going nowhere but putting the S&P 500 on track for its biggest weekly gain since July. The bad news is that energy shares dropped after Goldman Sachs cut its oil price forecast through next year.
(Reuters) - U.S. stocks edged higher late Friday afternoon, putting the S&P 500 on track for its biggest weekly gain since July, but energy shares dropped after Goldman Sachs cut its oil price forecast through next year.
NEW YORK (Reuters) - Crude futures fell 2 percent or more on Friday after influential Wall Street trader Goldman Sachs cut its outlook on oil, but positive sentiment from rebounding U.S. stock prices and less drilling for oil helped the market pare losses.
RUCKERSVILLE, Va. (Reuters) - A group of major automakers accounting for more than half of U.S. auto sales will make automatic emergency braking standard on new U.S. vehicles in one of the industry's biggest auto safety moves since it embraced technology to prevent rollovers more than a decade ago.
NEW YORK (Reuters) - Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and limit competition in the market for credit default swaps, a lawyer for the investors said on Friday.
(Reuters) - PepsiCo Inc said it would offer caps filled with Pepsi and Sierra Mist drink mixes for at-home soda machines made by SodaStream International Ltd on more platforms as it tests the homemade beverages market for its products.
(Reuters) - GoDaddy Inc prevailed in a cybersquatting lawsuit brought by the Academy of Motion Picture Arts and Sciences, which accused the Internet domain registrar of illegally profiting off its trademarks, including for the Oscar telecasts.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
The last seven years of American history will be remembered for the unprecedented oligarch crime scene that it is. Branding what has occurred during the Obama administration an "economic recovery," represents little more than a vicious assault on human intelligence.
I've spent a lot of time on these pages proving this to be the case, and have even dubbed it the "oligarch recovery". Here's the latest proof.
From the Wall Street Journal:
Childhood poverty is far more prevalent than annual figures suggest, a new paper says, with nearly two in every five U.S. children spending at least one year in poverty before they turn 18 years old.
The findings from Caroline Ratcliffe, a senior fellow at the Urban Institute, show particularly stark divides along racial lines. Black children fare much worse. Some 75% are poor at some point during their childhood, compared to 30% of white children.
Don't worry, Obama will be on it as soon as he's done bailing out Wall Street billionaires.
The Census Bureau is set to release its annual statistics next week on household incomes and poverty fo ...
NEW YORK (Reuters) - Two New York stockbrokers must face civil insider trading charges brought by U.S. securities regulators, a U.S. judge ruled on Friday, despite a landmark appellate ruling that torpedoed the criminal case against them.
Given current market volatility and the increasing amount of evidence showing that the global central bank money printing orgy of recent years has utterly failed to produce a so-called "self-sustaining" recovery, it is quite odd how nonchalant investors remain about the outlook for "risk assets" such as stocks.
In this context, we wanted to show our readers a chart a friend has recently sent us. This chart depicts the MSCI Global Index and contrasts it with a "macro confidence" indicator ("global risk sentiment"). This indicator does not take sentiment surveys into account - instead it is purely based on a variety of market prices and positioning data that are held to reflect investor sentiment. Not surprisingly, this indicator often has contrarian implications. It is quite stunning to what extent it is currently diverging from stock prices. Apparently, investor confidence not only hasn't suffered, it has actually soared to a new high for the year:
Global risk sentiment (red) vs. global stock prices (black) - a huge gap has opened up between reality and perceptions
Our friend also pointed to a publicly available article by Sentix, a German compan ...
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