Chart Of The Day: Would You Like Pepperoni Or Sausage? $DPZ Breakaway Gap on Earnings
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In End of an Era, MetLife Looks To Part With Insurance Agents
Insurer is in talks to sell business of roughly 4,000 sales people to Massachusetts Mutual By LESLIE SCISM Updated Feb. 25, 2016 8:22 a.m. ET 13 COMMENTS MetLife Inc. is preparing to part ways with a central force in the company’s history: its life-insurance agents. The nation’s largest life insurer by assets is in talks…
Cutting The Cord? Not So Fast: Cablevision Ends 2015 With First Customer Growth Since 2008 Crisis
Cablevision Ends 2015 With First Customer Growth Since 2008 Crisis Cable operator’s quarterly revenue comes in below expectations Cablevision Systems Corp. said 2015 marked its first year-over-year growth in customers since 2008, though the cable operator’s fourth-quarter revenue was slightly below expectations. As of Dec. 31, Cablevision reported 3.1 million total customers—businesses or households that…
FT: CEO Email Scam Costs Companies $2bn
A scam in which criminals impersonate the email accounts of chief executives has cost businesses around the globe more than $2bn in little over two years, according to the US Federal Bureau of Investigation. The FBI has seen a sharp increase in “business email crime,” a simple scam that is also known as “CEO fraud”,…
WSJ: U.S. Warns Banks Off Russian Bonds
U.S. Warns Banks Off Russian Bonds State, Treasury say helping sell debt would undermine sanctions on country The U.S. government has warned some top U.S. banks not to bid on a potentially lucrative but politically risky Russian bond deal, saying it would undermine international sanctions on Moscow, people familiar with the matter said. The move,…
The nutjobs running this world are getting desperate!
SOURCE: https://garykaltbaum.com/imf-report-urges-g20-to-prepare-global-economic-stimulus-plan/
The Morning Look
Stock Market Overview: Futures are up ahead of Thursday’s open. Stocks staged a big positive reversal on Wednesday after bouncing off their 10 day moving average line. The next level of resistance to watch is Monday’s high and the 50 DMA line. Gary’s Thoughts: We repeat…watch the 50 day. A move above does not hurt but keep…
The Closing Look
Stocks opened lower but closed higher on Wednesday after the latest round of lackluster earnings and economic data were released. Oil prices also positively reversed after the latest EIA report was released. Economic data was less than thrilling. First, February’s Flash PMI Services Index Fell to 49.8, miss estimates for 53. Then New Home sales plunged -9.2%…
Fed’s Kaplan to downgrade his expected path of rate hikes at March FOMC
http://www.reuters.com/article/usa-fed-kaplan-path-idUSN9N14B02R
Citibank Will Stop Collecting $34 Million in Credit Card Debt @FoxBusiness
http://www.foxbusiness.com/features/2016/02/24/citibank-will-stop-collecting-34-million-in-credit-card-debt.html