Sales drop 1.9% from November, far more than forecast Accelerating inflation may damp consumer spending this year By Jill Ward, Bloomberg U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing. Less than an hour before Hammond spoke,...
Sales drop 1.9% from November, far more than forecast Accelerating inflation may damp consumer spending this year By Jill Ward, Bloomberg U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing. Less than an hour before Hammond spoke,...
After an initial post-earnings bounce, IBM is headed for a gap-lower open. By Gary Morrow, TheStreet.com IBM (IBM) initially surged following its better-than-expected earnings report before losing momentum early in the overnight session. Heading into Friday's opening bell, the stock is headed for a very damaging gap-lower open and is leaving behind a ominous top near $170. If the stock...
After an initial post-earnings bounce, IBM is headed for a gap-lower open. By Gary Morrow, TheStreet.com IBM (IBM) initially surged following its better-than-expected earnings report before losing momentum early in the overnight session. Heading into Friday's opening bell, the stock is headed for a very damaging gap-lower open and is leaving behind a ominous top near $170. If the stock...
T. Rowe Price’s Shawn Driscoll says an oversupply combined with greater efficiency means crude prices are headed lower By Howard Gold, MarketWatch The dark days of February 2016, when oil and stock prices were in a race to the bottom, are a distant memory. The lows were hit on Feb. 11, when the S&P 500 Index closed a bit above...
T. Rowe Price’s Shawn Driscoll says an oversupply combined with greater efficiency means crude prices are headed lower By Howard Gold, MarketWatch The dark days of February 2016, when oil and stock prices were in a race to the bottom, are a distant memory. The lows were hit on Feb. 11, when the S&P 500 Index closed a bit above...
Trump makes it clear that administration wants a weaker buck His influence over the currency is limited, but he has options By Andrea Wong, Bloomberg Donald Trump may have a point: the dollar is indeed strong. Judging from the Federal Reserve’s own trade-weighted dollar index, the U.S. currency is now around 7 percent above its four-decade average. A strong dollar...
Trump makes it clear that administration wants a weaker buck His influence over the currency is limited, but he has options By Andrea Wong, Bloomberg Donald Trump may have a point: the dollar is indeed strong. Judging from the Federal Reserve’s own trade-weighted dollar index, the U.S. currency is now around 7 percent above its four-decade average. A strong dollar...
Output in Permian Basin poised to lead jump By Myra P. Saefong, MarketWatch The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices on the New York Mercantile...
Output in Permian Basin poised to lead jump By Myra P. Saefong, MarketWatch The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices on the New York Mercantile...
