US averages moved higher from the morning lows to close mostly in the green on low volume. The SP500 closed down and flat while oil, gold, and Dr. Copper all closed precipitously on their supports. The US dollar is ready to climb higher to levels not seen since March, 2015. This is a time many investors are cautiously surveying the market landscape and deciding, wisely, to sit on their hands and let the 'Sheeples' do the gambling.
(Reuters) - The S&P 500 index ended little changed on Friday, with a rise in financials countered by a big slide in utilities and other sectors, as Wall Street took a strong U.S. jobs report released earlier in the day as a sign the Federal Reserve will soon raise interest rates.
NEW YORK (Reuters) - Verizon Communications Inc is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core business.
(Reuters) - Wall Street's top banks expect the Federal Reserve to raise interest rates in December, and most brokerages said their conviction around such a move had increased in the last month, according to a Reuters poll conducted on Friday.
WASHINGTON (Reuters) - U.S. regulators rejected an effort on Friday to force Google, Facebook and other popular web sites to honor "Do Not Track" requests from users, in a setback for digital privacy advocates.
Itâ€™s no secret that Beijing has an excess capacity problem.
Indeed, the idea that a yearslong industrial buildup intended to support i) the expansion of the smokestack economy, ii) a real estate boom, and iii) robust worldwide demand ultimately served to create a supply glut in China is one of the key narratives when it comes to analyzing the global macro picture.
That, combined with ZIRPâ€™s uncanny ability to keep uneconomic producers in business, has served to drive down commodity prices the world over, imperiling many an emerging market and driving a bevy of drillers, diggers, and pumpers to the brink of insolvency.
As we noted late last month, if you want to get a read on just how acute the situation truly is, look no further than Chinaâ€™s "ghost cities"...
Broad stock-market indexes were little changed Friday, but underlying sectors swung sharply as investors moved money out of income-yielding companies and into shares of banks, whose profits are expected to increase as rates rise.
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