December 1, 2017
As previously reported, RBC Capital analyst Mark Mahaney downgraded Blue Apron (APRN) to Sector Perform from Outperform after the company announced that co-founder Matt Salzberg will be exiting as CEO and Brad Dickerson will be stepping into that role.
Construction spending rose 1.4%, led by non-residential construction. Let’s dive into the details. The Census Bureau reported a 1.4 Percent Rise in Construction Spending in October from September. The Econoday consensus only called for a 0.5% rise so let’s start there. It’s not housing
Construction spending rose 1.4%, led by non-residential construction. Let’s dive into the details. The Census Bureau reported a 1.4 Percent Rise in Construction Spending in October from September. The Econoday consensus only called for a 0.5% rise so let’s start there. It’s not housing
The S&P 500 plummeted on open Friday, but began climbing just before noon and continued to rise until closing 0.20% below Thursday. Year-to-date, the index is up 18.02%. The U.S. Treasury puts the closing yield on the 10-year note at
So to summarize – the former national security chief agrees to testify against the sitting president and The Dow drops 40pts… China stocks were mixed with CHINEXT surging overnight but CSI300 ending at the lows (worst week in 2017)
Although Asian indices opened well on the back of a strong US session, they unfortunately could not hold the levels. Part of the reasoning was the tax Bill would be delayed and having seen the DOW blast through the psychological
(Audio length 00:14:09) Doc is with me today to discuss his thoughts on the Michael Flynn news admitting he lied to the FBI. This news is also moving the equity markets and USD down and gold is up but not
I was tempted to title this Red, White, And Screwed, borrowing a phrase from comedian Lewis Black. Alas, I am not worthy. The markets tanked around 11 AM on the news that Michael Flynn is copping a plea to lying to
The BEA’s Personal Consumption Expenditures Chain-type Price Index for October, released yesterday, shows that core inflation remains below the Federal Reserve’s 2% long-term target at 1.45%. The most recent Core Consumer Price Index release, also data through October, is higher
