US markets closed up nicely, over one percentage point and the $RUT over two percentage points. The SP500 seems to have moved into the 2080 / 2085 resistance 'zone' and that is a bullish move. However, the SP500 needs to keep moving upwards to confirm this potential breakout. Crude oil prices were very volatile, but could not keep a leg up and settled in the mid 41's.
WASHINGTON (Reuters) - The U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday.
WASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter.
NEW YORK (Reuters) - Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse, and got a boost as U.S. Democratic presidential hopeful Bernie Sanders joined them at a Brooklyn rally ahead of the New York primary next week.
(Reuters) - Wells Fargo & Co poses an increasingly serious threat to the global financial system, while risks posed by other large U.S. banks have changed relatively little, according to an annual report released Wednesday by a U.S. government research group charged with monitoring such threats.
WASHINGTON (Reuters) - U.S. regulators gave a failing grade to five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions.
(Reuters) - JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations as lower costs and better-than-expected trading revenue helped soften the blow from a fall in investment banking fees.
(Reuters) - Chipotle Mexican Grill Inc shareholder CtW Investment Group on Wednesday urged investors not to re-elect two long-time board members, saying the chain's recent food safety crisis shows the company needs a board that is more independent and also more diverse in race and gender.
(Reuters) - The U.S. National Labor Relations Board voted 2-1 to uphold a December election in which a small group of workers at Volkswagen AG's Chattanooga, Tennessee plant voted to join the United Auto Workers union, the NLRB said on Wednesday.
Strong Gasoline Demand and another drop in U.S. Oil Production were both positives in the EIA Summary Report. Overall, for this time of year, a pretty healthy Inventory Report as we are still technically in the building season. If imports came in similar to last week`s report and refineries pushed more Gasoline through the system, we would have had a drawdown in Oil Stocks.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
The increased use of eminent domain to transfer property to powerful political interests, the ramifications of the wars on terrorism and drugs, and the violation of the property rights of bondholders in the auto-bailout case have weakened the tradition of strong adherence to the rule of law in United States. We believe these factors have contributed to the sharp decline in the rating for the legal-system area.
To a large degree, the United States has experienced a significant move away from rule of law and toward a highly regulated, politicized, and heavily policed state.
- From the 2014 post: New Report - The United States' Sharp Drop in Economic Freedom Since 2000 Driven by "Decline in Rule of Law"
The American public should be out in the streets by the hundreds of thousands demanding the resignation of President Barack Obama in response to the total sham settlement just announced by the U.S. government with Goldman Sachs. This farce should be seen for what it really is; a gigantic establishment middle finger waving contemptuously in the face of the reliably neutered and long-suffering American public.
A criminal financial organization that engaged in billions upon billions in fraud against the "muppet" public is once again getting off with barely ...
It seems billion dollar baby of Silcon Valley, Elizabeth Holmes, is facing yet another unicorn-slaying moment as the fairy-take ending for Stanford drop-out looks increasingly distant after WSJ reports regulators are seeking ban the so-called "billionaire" from the blood-tsting business for two years after U.S. health inspectors have found serious deficiencies at Theranos Inc.'s laboratory in Northern California.
As The Wall Street Journal, which has broke and has been on this story from day one, reports,
In a letter dated March 18, the Centers for Medicare and Medicaid Services said it plans to revoke the California lab's federal license and prohibit its owners, including Ms. Holmes and Theranos's president, Sunny Balwani, from owning or running any other lab for at least two years. That would include the company's only other lab, located in Arizona.
The two labs generate most of Theranos's revenue and are at the core of its strategy to revolutionize the blood-testing industry with new technology, user-friendlin ...
The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) shows the economy "continued to expand in late February and March, though the pace of growth varied across Districts". The previous report said "that economic activity expanded in most Districts since the previous Beige Book report". My interpretation is that the Fed is saying the rate of economic expansion has improved since the last report.
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