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Europe Starts Freezing Britain Out Of EU Contracts
Diplomatic relations between the UK and EU are fast approaching zero degrees Kelvin. One day after Theresa May not only cemented, but allowed herself Brexit negotiating breathing room with her stunning, yet cunning decision to announce snap elections which would only boost the leverage of her party, Brussles has retaliated and as the FT reports, Brussels is starting to “systematically shut out British groups from multibillion-euro contracts” while urging companies to migrate to one of the 27 remaining EU members. The Brussels note suggests that tensions between the UK and EU mey deteriorate to the point where even Bremainers may ... -
Finance 0
Is This High-Yielding Bank’s Dividend Safe?
It’s not easy to find great yields in bank stocks these days. The big boys like JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) yield less than 3%. To find better yields, you have to go smaller – to community banks. New York Community Bancorp (NYSE: NYCB) sports a robust 5% yield. But the stock and dividend have had some trouble lately. Let’s look at whether its divided is safe. Last year, as the bank planned its merger with Astoria Financial (NYSE: AF), it refinanced its debt and raised money by offering stock. As a result, the company lowered its quarterly dividend to $0.17 per share from $0.25. Then in December, the sto... -
Finance 0
What Happens To Your U.S. Brokerage Account When You Leave America?
The good news is that if you are an American expat, or you are not a U.S. citizen at all, you can still benefit from having a U.S. brokerage account. WHY HAVE AN AMERICAN BROKERAGE ACCOUNT? There are many reasons to keep your investments inside a U.S. brokerage account. These include: transparency and efficiency, lower transaction fees, and an opportunity to profit from worldwide markets in both dollars and foreign currencies. You can diversify your holdings inside a U.S. brokerage account, with CDs (certificates of deposit in a bank), mutual bunds, stocks, bonds, and much more. Additionally, if you are an American expat, keeping your inves... -
Finance 0
What Happens To Your U.S. Brokerage Account When You Leave America?
The good news is that if you are an American expat, or you are not a U.S. citizen at all, you can still benefit from having a U.S. brokerage account. WHY HAVE AN AMERICAN BROKERAGE ACCOUNT? There are many reasons to keep your investments inside a U.S. brokerage account. These include: transparency and efficiency, lower transaction fees, and an opportunity to profit from worldwide markets in both dollars and foreign currencies. You can diversify your holdings inside a U.S. brokerage account, with CDs (certificates of deposit in a bank), mutual bunds, stocks, bonds, and much more. Additionally, if you are an American expat, keeping your inves... -
Finance 0
Marx, Orwell And State-Cartel Socialism
OK, so our collective eyes start glazing over when we see Marx and Orwell in the subject line, but refill your beverage and stay with me on this. We’re going to explore the premise that what’s called “socialism”–yes, Scandinavian-style socialism and its variants–is really nothing more than finance-capital state-cartel elitism that has done a better job of co-opting its debt-serfs than its state-cartel “capitalist” cronies. We have to start with the question “what is socialism”? The standard definition is: a political and economic theory of social organization that advocates that... -
Finance 0
Inside Bank Earnings
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 118 = 20,404 SPX – 4 = 2338 NAS + 13 = 5863 RUT + 5 = 1367 10 Y + .02 = 2.20% OIL – 1.83 = 50.58 GOLD – 8.90 = 1281.30 Energy stocks were under pressure Wednesday as crude-oil prices settled at a two-and-a-half week low and its biggest one-day loss in 6 weeks. Gasoline inventories posted a surprise increase, a counter-seasonal build of 1.5 million barrels in the latest week, along with an increase in U.S. production. The energy sector was the worst performer among the S&P 500 index’s 11 sectors. Shares of International Business Machines were ... -
Finance 0
Will India Maintain Its Tag Of The Fastest Growing Economy?
It seems like Indian stock markets are having the best time of their lives. The Sensex is perched near the 30,000 mark and the results season has just started. Primary markets are also on a spree, with a dozen of IPOs lined up in the upcoming months. The government is also coming up with various measures to scale up the present state of the Indian economy. Seems like optimism is in the air! If the above optimism wasn’t enough, the IMF’s recent report came out to give a nudge to the ongoing momentum. This came as the International Monetary Fund (IMF) revised upwards India’s growth forecast for FY17 to 6.8%. The above revis... -
Finance 0
Q1 Earnings Parade Continues: QCOM, CSX, AXP
Among a slew of new Q1 earnings reports after the bell today, we focus on a few of the biggest firms in their respective industries: Qualcomm (QCOM – Free Report) , American Express (AXP – Free Report) and CSX Corp. (CSX – Free Report) are among those who’ve hit the tape this afternoon with new earnings, sales and details. Qualcomm, which has endured a precipitous fall in share price since the beginning of the year, nevertheless posted positive surprises in both earnings and sales for Q1: earnings of per share (accounting for stock-based compensation and other BNRI) topped the $1.05 per share expected. Revenues o... -
Finance 0
E Where The Current Market Stands Now
Below is the QQQ chart that shows where the current technology market stands now. Transaction log that shows the current performance by following the above signals (cumulative profit is highlighted). As you can see, the last BUY signal for QQQ was issued on 10/30/2009. Therefore, although QQQ is currently still under the BUY signal, it should be interpreted as a hold signal (stay invested if you purchased QQQ in 2009), but no reason to buy now. ... -
Finance 0
Worth Mentioning Or Not So Much? Bond Bears Get A “Rude Awakening”
If you read a lot of Street research (especially of the macro variety) you know that in many cases you get to the end and are left wondering if the analyst actually said anything worth saying. That’s not an attempt to belittle the analysis. It’s often quite good. It’s just that much like a lot of the social science research you’ll read in peer reviewed journals, it’s not always clear that all the math and mental acrobatics actually ends up telling us anything that wasn’t intuitive. As far as macro research goes, the tie-breaker for me in those scenarios is usually whether the topic under discussion is something that’s being heav...
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