Update (11:20 am ET): Boeing shares are extending losses (down over 6%) after France, Ireland, Germany, Iceland, and Turkey join the growing group of nations that are grounding 737 Max 8s.
Update 3: The flight attendants union has asked the FAA to investigate the Boeing 737 MAX 8, saying it's important to address these safety concerns after the second crash in 5 months.
*FLIGHT ATTENDANTS UNION ASKS FAA TO INVESTIGATE BOEING 737
The already-battered Dow Jones is well on its way to a fourth-straight beating, as the US stock market plunges despite a pre-bell boost from an honorary member of President Donald Trump's "Plunge Protection Team."
Something changed yesterday. ECB chief Mario Draghi dramatically reversed his monetary stance in every way and dramatically downgraded his economic and inflationary outlooks - but instead of the market taking its cue from the former, it was the latte
Americans' net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet.
Earlier this week, Nomura's Charlie McElligott made an explicit warning that the market is entering a potentially turbulent period, one where even as broader equity markets declined, selling triggers for the trend-following, CTA community were rising
Eight seconds.
That's how long you have to grab someone's attention before they mentally drift off to the next thing. That's one second less than a goldfish.
Earlier this month, I penned an article asking if we "really shouldn't worry about the Fed's balance sheet?" The question arose from a specific statement made by previous New York Federal Reserve President Bill Dudley:
Illinois state pensions are getting all the attention as a result of Gov. J.B. Pritzker's budget speech, but don't forget Chicago pensions. Believe it or not, they're in even worse shape than the state pension plans.
David Morgan a big-picture thinker and his main focus is--educating people about honest money and the benefits of a sound financial system. His ideas can be seen in the movie Four Horsemen. I'll have to check that out. I know I've heard about i
This year has given us some impressive moves. Equities come to mind, with some tortuous moves that have frustrated both bulls and bears. Ten-year Treasury yields certainly fit the description.
Just days after Warren Buffett lamented in his latest annual letter that prices for businesses possessing decent long-term prospects are "sky high", an insider transaction-based model constructed by University of Michigan finance professor Nejat Seyh
Back in November, when there was still some hope for an organized Brexit deal that didn't involve a "hard Brexit" and the current sheer chaos, speaking at a conference in Dubai on Sunday, --
In this client video, Tim goes over several key pieces of data that the mainstream media and economist seem to be ignoring. If you want to take a step inside the thought process of your advisor, this video will give you a good handle on what's reall
2018's valuation records are astounding in that they show the S&P 500 to be more fundamentally over-valued than it was at the prior two historic stock market valuation peaks in 1929 and 2000, bona fide speculative manias.
Global markets are now facing a $12 trillion dollar reckoning. The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash.
DATE: February 27th, 2019, 8:00 PM ET Online - Forget Stocks, Options, and Cryptos - This Unique Type of Security Could Make You 1,000%-plus in 2019 Outside the Stock Market...
The second largest stock exchange, Nasdaq launched real-time information on two new indices linked to the crypto asset market - Bitcoin and Ethereum. Bitcoin Liquid Index [BLX] and Ethereum Liquid Index [ELX] were incorporated on NASDAQ's platfor
Back in December, when the S&P was breaking down and taking out every support level, the financial press was flooded with cheesy headlines warning of "bad breadth" as decliners steamrolled advancers.
The Dow and U.S. stock market were stuck in neutral on Tuesday despite a blowout earnings report from Walmart, a sign that traders were treading more cautiously ahead of a slew of macroeconomic indicators later in the week.
With Trump said to be willing to extend the deadline for higher tariffs another 60-days, we are really looking at another two months of compressed volatility for risk assets.
As we noted recently, despite global stock markets soaring, global freight indices have been more-than-seasonally weak so far in 2019 with the Baltic Dry Index in particular crashing.
Markets are red hot, but it keeps getting downright frosty in macro land. Bulls will say none of this matters because an easy Fed trumps fundamentals. And that may turn out to be correct, but it's too early to tell.
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