4 ways to play a strong dollar as earnings begin
It’s earnings season, and a strong dollar means CEOs citing currency headwinds, but investors should stick to plans and remain diversified.
4 ways to play a strong dollar as earnings begin
U.S. Shale Oil Boom Turns to Gloom
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt. Output from the prolific tight-rock formations such as North Dakota’s Bakken shale will decline 57,000 barrels a day in May.
Detroit, Stockton bankruptcies may flag wider problems – NY Fed chief
The municipal bankruptcies in Detroit and Stockton, California, may foretell more widespread problems in the United States than is implied by current bond ratings, a top Federal Reserve official said on Tuesday. “While these particular bankruptcy filings have captured a considerable amount of attention, and rightly so, they may foreshadow more widespread problems than what might be implied by current bond ratings,” New York Fed President William Dudley said at
Bigger is better for banks in Q1: Dick Bove
Big banks should turn in reasonably good earnings in the first quarter, but regional banks will report only mediocre results, analyst Dick Bove says.
JPMorgan profit rises as fixed-income trading rebounds
The bank’s strong results bolstered Chief Executive Jamie Dimon’s argument that size and diversification are advantages, not a reason to break up the bank. Some analysts have suggested JPMorgan should be broken up to reduce capital requirements and complexity. JPMorgan’s revenue from trading fixed income, currencies and commodities (FICC) by 5 percent to $4.07 billion in the first quarter. The strong investment banking results helped boost JPMorgan’s shares as much
Oil above $58 on U.S. shale report, Mideast tension
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war. Brent crude (LCOc1) was up 32 cents at $58.25 a barrel by 1339 GMT, while U.S. crude (CLc1) was up 57 cents at $52.48. The U.S. Energy Information Administration
Wells Fargo net income falls slightly from a year earlier
Wells Fargo, the third-biggest U.S. bank by assets, said Tuesday that its first-quarter earnings fell slightly from the same period a year earlier. Gains from trading and mortgage originations were offset …
Consumer stocks: The best is yet to come, Strategas' Verrone says
Many bears believe the consumer discretionary sector is most likely to lead the market lower. Here’s why they couldn’t be more wrong!
German automaker BMW has best March sales ever
German automaker BMW says it had its best March sales ever. The Munich-based maker of the 3-Series sedan and X5 sport-utility said Tuesday it sold 195,593 vehicles worldwide under the BMW brand. That was …
Kristen Bell Talks Couples Counseling, Being Pro-Vaccination in Good Housekeeping, Says Therapy Isn't Embarrassing
From where we’re standing, it looks like Kristen Bell and Dax Shepard have the perfect marriage and family. But like everyone else, the couple constantly works on their marriage in order to…