Notes You Need for February 15: Uber’s growth slows, Amazon gets $137 million in federal tax credits for 2018, Adobe the chip maker, Facebook privacy fines, Equinor wind power bid, Intel 5G, retail store closures
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
Positive report today on consumer sentiment negates negative report yesterday on retail sales
Wall Street spent yesterday denying that retail sales could be as weak as indicated by the newest report from the Commerce Department. Today Wall Street is celebrating the vindication of its cynicism on yesterday retail report in the preliminary University of...
Is there any way to handicap the results of the U.S.-China trade talks?
Pity those poor investors and traders (like you and me, for instance) trying to figure out what will happen--and when--in the U.S-China trade talks. I think it's pretty clear that President Donald Trump will decide to extend the March 1 deadline for success or 25%...
President Trump to sign spending bill to avoid shutdown but will declare national emergency to secure funding for The Wall
At 3:26 p.m. Washington time Senate Majority Leader Mitch McConnell interrupted a speech by Iowa Senate Chuck Grassley on biofuels to announce that President Donald Trump would sign the deal worked out by the House and Senate to fund nine departments of the federal...
Markets talk themselves out of belief in brutal retail numbers
Overall retail sales fell 1.2% in December from November, according to the Commerce Department. That's the worst drop in nine years. Economists surveyed by Bloomberg had projected a 0.1% gain in retail sales. Out of the gate stocks fell today on the news with the...
Adding Twilio, post-earnings, to my Volatility Portfoliot
Back on February 4, I made Twilio (TWLO) the tenth and last pick in my Special Report: 10 Best Buys for the End of the Bear. And said that I would wait to buy the shares until after the company reported earnings on February 12. "For a stock that trades at a price to...
EuroZone economy is leading global slowdown
The 19-country EuroZone economy could expand by just 1% in 2019 with industrial production falling at the fastest rate since the global financial crisis. This time it's the core economies of Germany and France, which together make up about half of the EuroZone...
Core CPI inflation up 2.2% year over year
For January, headline Consumer Price Index (CPI) inflation was unchanged, thanks to falling oil prices-the energy component of the index was down 3.1% for the month. The Core CPI, which excludes more volatile food and energy prices and is closer to the PCE inflation...
President Trump says he’s open to extending China trade deal deadline beyond March 1
An extension would depend on the state of the talks between the United States and China. If we’re close to a deal where we think we can make a real deal and it’s going to get done, I could see myself letting that slide for a little while,” Trump told reporters during...
Ya betta listen when Cummins talks business cycle
Some companies you listen to because their stocks themselves are good investments--and because of their insight into a big chunk of the economy and trends in the economy. For example, I pay attention to what Deere (DE) says in its quarterly earnings report because the...
Delinquent auto loans rise to highest level since March 2012
Those of us trying to figure out not whether the U.S. economy is slowing but how big the slowdown will be are latching on to any data point. This one seems more important than many: Auto loans delinquent more than 90 days rose to 4.47% of total loans in the fourth...Download Jim’s eBook for Free
