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Banking shares plummet on economic slowdown fears

Banking shares plummet on economic slowdown fears New York (AFP) – Shares of large banks and other financial stocks were pummelled on Wall Street Monday as fears of a US economic slowdown heightened worries over deteriorating credit quality. US banks were broadly lower, but the hardest-hit included Bank … Continue reading at news.yahoo.com Economic Tumult […]

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The Economic News You’ll Want to Know

The Economic News You’ll Want to Know It’s Monday and that means it’s time to review the latest economic data and identify which pockets of the economy are heating up and which are slowing down. Don’t worry about catching every headline and every report throughout the week–I recap all … Continue reading at investorplace.com India […]

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With economy improving, Obama wages war of words with GOP doomsayers

With economy improving, Obama wages war of words with GOP doomsayers Ray C. Fair, a Yale University economist, has used economic performance to predict presidential election outcomes with a high degree of accuracy. His model currently shows Democrats losing “by a fairly large amount.” A Washington Post-ABC News poll … Continue reading at washingtonpost.com Indian […]

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Workers’ wages up, but slower job growth worries financial markets

Workers’ wages up, but slower job growth worries financial markets The inside track on Washington politics. Be the first to know about new stories from PowerPost. Sign up to follow, and we’ll e-mail you free updates as they’re published. You’ll receive free e-mail news updates each time a new story is published. Continue reading at […]

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Auto Stock Roundup: GM, Ford Top Earnings Estimates, Honda Misses

Auto Stock Roundup: GM, Ford Top Earnings Estimates, Honda Misses Auto sector headlines were dominated by earnings and sales data over … Harley-Davidson Beats on Q4 Earnings, Guides 2016). Most auto stocks recorded losses over the last week, led by Tesla Motors, Inc. TSLA that plunged to a new 52-week low. Continue reading at nasdaq.com […]

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Will America’s economy get dragged into recession?

Will America’s economy get dragged into recession? It’s a big worry given that consumers make up about 70% of the U.S. economy and lately they haven’t been opening their wallets much. Spending fell in December compared to November even though incomes rose a bit, the Commerce Department reported Monday. Continue reading at money.cnn.com WestJet says […]

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Worst may finally be over for Chipotle

Worst may finally be over for Chipotle Chipotle shares surged 5% in premarket trading Monday following reports that the Centers for Disease Control and Prevention may soon declare that the E. coli outbreak at the popular Mexican food chain is over. The Wall Street Journal reported that the CDC … Continue reading at money.cnn.com The […]

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Fed made a mistake hiking rates in December: Najarian

Fed made a mistake hiking rates in December: Najarian The question virtually all investors have been asking is whether the US economy is gaining or losing momentum. The answer to that question put us squarely back into our ‘bad news is good news’ trading paradigm as the Gross Domestic Product (GDP, which … Continue reading […]

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