Charts Of The Day: Blindly Risking Your Dollars
Listen to Gary Cover Shipping Stocks on Wednesday’s Investor’s Edge Radio Show: (Start at the 3 min mark): https://archives.warpradio.com/btr/investorsedge/111618.mp3
Why the Self-Driving Car Revolution Will Be Slower Than You Think
http://www.foxbusiness.com/markets/2016/11/17/why-self-driving-car-revolution-will-be-slower-than-think.html
Yellen: I don’t know why business investment is so low, but it’s not our fault
Yellen: I don’t know why business investment is so low, but it’s not our fault
U.S. Attorney to Charge Two Valeant, Philidor Executives, Alleging ‘Fraud and Kickback Scheme’ $VRX
Federal prosecutors on Thursday said they would charge former Valeant Pharmaceuticals International Inc. executive Gary Tanner and former Philidor Rx Services LLC Chief Executive Andrew Davenport, alleging they engaged in a multimillion-dollar fraud and kickback scheme. Federal prosecutors since August have been investigating whether the Canadian pharmaceutical defrauded insurers by shrouding its ties to a…
Wells Fargo Says Account Openings Tumbled 44% in October $WFC
http://www.bloomberg.com/news/articles/2016-11-17/wells-fargo-says-account-openings-tumbled-44-in-october
U.S. housing starts jumped to a 9-year high in October
U.S. housing starts surged to a 9-year high in October: bloom.bg/2f7E05a
Thursday Pre-Market Look: Stocks In the News Before The Open
Wal-Mart (WMT)— The retail giant fell nearly 3% before the bell after reporting earnings. The company earned 98 cents per share for the third quarter, two cents a share above estimates. Revenue was below forecasts, and U.S. comparable-store sales were up 1.2 percent compared to estimates of up 1.3 percent. Wal-Mart did raise the lower…
The Closing Look
Stocks ended mixed on Wednesday as the Dow snapped a 7-day win streak. Before the open, mortgage applications tanked by 9% as mortgage rates spiked higher. A separate report showed Home Builder sentiment remained steady. Inflation remained at bay as the producer price index came in unchanged, missing estimates for a gain of 0.3%. Finally industrial…
Wal-Mart’s Ho-Hum 3Q Report Sparks Some Selling @FoxBusiness $WMT
http://www.foxbusiness.com/markets/2016/11/17/wal-marts-ho-hum-3q-report-sparks-some-selling.html
Yellen: Rate hike ‘appropriate relatively soon,’ cites dangers in waiting
http://www.cnbc.com/2016/11/17/yellen-rate-hike-appropriate-relatively-soon-cites-dangers-in-waiting.html