Google / Alphabet Holdings (GOOG) released its first fiscal quarter earnings report after closing bell tonight, posting earnings of $7.35 per share on $18.7 billion in revenue, a 13% year over year increase. Analysts had been expecting earnings of $7.21
October 22, 2015
US equities were off to the races this morning on remarks from Mario Draghi of the ECB that suggested that they would be considering various types of stimulus for a weak euro economy at their December meeting. After the bell,
Some people have wrongly expected a crash in the long bonds. What has actually happened is that China and others have sold into the high, liquidating their long bonds, and moving short-term. This is why rates are negative
ECB Policy Press Conference I was watching a little of the ECB policy press conference this morning and there were a lot of thoughts that came out of that event which I may write about at a later date. However
The Chicago Fed’s National Activity Index, which we reported on earlier today, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The
IBM has reported Q3 FY15 results where its top and bottom lines continued contracting. IBM’s Strategic Imperatives continue to impress. Currency headwinds that have been wreaking havoc with the company might decrease in the future and ease the pressure on
Quantitative easing in the eurozone to the tune of €1.1 trillion has not raised consumer price inflation as the ECB had expected. But neither bureaucrats nor central planners ever evaluate the effectiveness of their programs. Rather, when something does not
It’s hard to say which lie about gold is the biggest whopper. Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt. Big Lie #1:
Nearly one-third of S&P 500 corporations have reported earnings and revenue from the third quarter. With 147 companies chiming in, profits are down -0.6% and sales are down -2.7% from a year earlier. One might have thought that several quarters
The Conference Board Leading Economic Index (LEI) for the U.S. marginally declined this month – but the authors believe the outlook “still suggests economic expansion will continue”. This index is designed to forecast the economy six months in advance.
