There’s a lot of data out there this coming week and here’s what we are playing close attention too: 1. U.S. retail sales report This wee the Commerce Department will publish data regarding November retail sales at 8:30AM EST Friday. The forecast will show more than likely that retail sales…
The idea of the Fed hiking interest rates in December has pushed the dollar higher, and it is now looking like the euro reaching parity with the greenback is all but guaranteed. Many strategists however disagree on just how quickly that will happen and how much more the dollar can appreciate…
Bitcoin which is the world’s most popular digital currency, has been on a roll lately. The thing is — nobody is really sure why. Last January, it dipped well below $200 but now bitcoin traded at more than $410 Tuesday afternoon according to the CoinDesk Bitcoin Price Index. Why is that…
It seems the rather painful sell-off in some commodities may be over for now, but a blast of major Chinese economic reports that are coming early next week could put any recent rallies to the test come next week. Many Wall Street strategists have said they see signs of a broader…
When it come comes to this earnings season, the S&P 500 companies are expected to see profits drop by nearly 6%. It’s the top line of companies’ income statements that could actually be the biggest concern for all of us. Currently, third-quarter revenues are projected to fall to about 3.3%…
BEIJING (AP) Volkswagen has said on Monday that it is recalling 1,950 diesel vehicles in China to change engine software that it now has admitted cheats on emissions tests. Singapore has also suspended sales of the company’s diesel cars at this time. Last month the German automaker admitted that…