Fed keeps stimulus in place as economy “paused” By Alister Bull and Pedro da Costa WASHINGTON | Wed Jan 30, 2013 2:54pm EST (Reuters) – The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary. Describing the nation’s job market…
The nation’s long-term fiscal outlook hasn’t significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis. The “fiscal cliff” deal, combined with the debt-limit agreement of August 2011, only slightly delays the United States reaching debt-to-gross domestic product levels that would damage the…
Rick Santelli Responds to Negative GDP Report: ‘We Are Now Europe Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. “We are now Europe,” he declared on CNBC’s Squawk Box. Source: http://newsbusters.org/blogs/noel-sheppard/2013/01/30/rick-santelli-responds-negative-gdp-report-we-are-now-europe#ixzz2JTHtLTJv
January 30, 2013, 11:16 a.m. ET U.S. Economy Unexpectedly Contracts in Fourth Quarter Private-Sector Hiring Rose by 192,000 in January, ADP Reports By ERIC MORATH and SARAH PORTLOCK U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers’ struggle to reach a deal on tax increases and budget cuts likely led businesses to…
Finally seeing some extended areas coming in. Transports…which have been a moonshot coming in…Housing coming in…but major indices hardly down. Just keep in mind, market will eventually pull back…and market will return to the norm…which is the 50 day average…it is just a matter of how and when. On another note…MA reports in the…
Zimbabwe Is Down to Its Last $217 ADAM CLARK ESTES759 ViewsJAN 29, 2013 There are cash-strapped governments and there are broke governments. And then there’s Zimbabwe, which, after paying last week’s government salaries, has just $217 left in the bank. No, we didn’t forget any zeroes to the end of that figure. Zimbabwe, the country…
If you like drugs, oils and housing, you had a good day. In oils, for your review, COP,ESV,EOG,HFC,MUR,TSO,VLO,WNR were oil breakouts. DHI had monster volume breakout…and will jump on any pullback. Stocks on service act fine…continue to be worried about market overheating here in the value areas.
Miss Today’s Show? Listen To The Full Show Here! Listen To Today’s Show Few Highlights From Today’s Show: Teflon Market, Value Still Working, AMZN Misses: Amazon Misses; Stock Rallies. Market Wrap & Sector Analysis: Gary provides an in-depth view of the current state of the market, covers the important events that happened on Wall Street…
Amazon reported revenue and earnings that were below Wall Street’s printed expectations, but the stock responded by soaring to an all-time high. (The company’s profit margin was modestly higher than expected. And the stock is likely benefitting from some short-covering, as Amazon bears panic and cover their bets). Amazon stock hit an all-time high of…
Retailers may add surcharge in credit card transactions By Atossa Araxia Abrahamian Mon Jan 28, 2013 5:31pm EST (Reuters) – Retailers in 40 U.S. states can now charge up to 4 percent extra when consumers pay for goods and services with a credit card. These so-called “checkout fees” went into effect January 27, and do…
