This weekend, the White House unveiled a deal that will facilitate the sale of $350 billion worth of arms and defense equipment to Saudi Arabia and other Middle East U.S. allies over the course of the next ten years. The news is clearly good for defense names like Lockheed Martin (LMT) and General Dynamics (GD), but also bodes well companies...
This weekend, the White House unveiled a deal that will facilitate the sale of $350 billion worth of arms and defense equipment to Saudi Arabia and other Middle East U.S. allies over the course of the next ten years. The news is clearly good for defense names like Lockheed Martin (LMT) and General Dynamics (GD), but also bodes well companies...
The market may have ended the week on a bullish note, but in the grand scheme of things that strong finish didn't negate Wednesday's heavy damage. That is to say, stocks still booked a loss of 0.4% for the week. Worse, the S&P 500 retreated from a key line it needed to hurdle on Friday if the rally was going...
The market may have ended the week on a bullish note, but in the grand scheme of things that strong finish didn't negate Wednesday's heavy damage. That is to say, stocks still booked a loss of 0.4% for the week. Worse, the S&P 500 retreated from a key line it needed to hurdle on Friday if the rally was going...
By Tom DiChristopher, CNBC U.S. crude surged above $50 a barrel for the first time in more than three weeks, as a report surfaced that OPEC members are considering cutting production more deeply to tackle a persistent supply glut that has weighed on prices. U.S. West Texas Intermediate crude futures for June delivery were more than 2 percent higher at...
By Tom DiChristopher, CNBC U.S. crude surged above $50 a barrel for the first time in more than three weeks, as a report surfaced that OPEC members are considering cutting production more deeply to tackle a persistent supply glut that has weighed on prices. U.S. West Texas Intermediate crude futures for June delivery were more than 2 percent higher at...
Friday's bounce for stocks is commendable, but not remarkable. We've still only reclaimed just a little more than half of what was lost with Wednesday's 1.8% drubbing, and the key indices — the S&P 500 in particular — remain below key technical lines in the sand. So far, we can only chalk Thursday's and Friday's gains up to a dead-cat...
Friday's bounce for stocks is commendable, but not remarkable. We've still only reclaimed just a little more than half of what was lost with Wednesday's 1.8% drubbing, and the key indices — the S&P 500 in particular — remain below key technical lines in the sand. So far, we can only chalk Thursday's and Friday's gains up to a dead-cat...
Trump's mounting troubles may bring about a 5 percent correction. But global central banks, including the Fed, are going to have a far greater impact. The bull market has been fueled by a record breaking pace of central bank money printing and an unsustainable accumulation of global debt. By Michael Pento, CNBC Donald Trump's economic agenda has become further delayed...
Trump's mounting troubles may bring about a 5 percent correction. But global central banks, including the Fed, are going to have a far greater impact. The bull market has been fueled by a record breaking pace of central bank money printing and an unsustainable accumulation of global debt. By Michael Pento, CNBC Donald Trump's economic agenda has become further delayed...
