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 | Mish - Global Economic Analysis |
| Trump Kills TPP, Opposes “Border Adjustments”, Promises “Major Border Tax”: Trade Hardball |
| On January 16, president-elect Donald Trump chastised Paul Ryan for proposing “border adjustments”. Today President Trump promises a Major Border Tax and pulled the US out of TPP.
President Donald Trump said Monday the U.S. will impose a “very major” border tax on companies that move some operations overseas and signed a memorandum withdrawing the U.S. from the Trans-Pacific Partnership, as he sharpens his focus on recasting America’s international trade relations.
“We’ve been talking about thiMonday, January 23, 2017 |
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 | Alasdair Macleod - Finance and Eco. |
| Regulation – the hidden curse |
| Regulations are nearly always introduced with the best intentions.In financial services, they aim to stop unscrupulous brokers and banks from ripping off the public through bad practices. Manufacturers are banned from making products which are dangerous to children, the environment, or which might fail through shoddy workmanship. However, state intervention in commercial matters is based on shaky grounds, consistent with denial of the role and workings of markets, and an overriding desire to intThursday, May 26, 2016 |
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| 24hGold - Yahoo |
| Earnings Recap For February 2 |
| Exxon Mobil Corporation (NYSE: XOM) reported EPS of $0.67 compared to an estimate of $0.63. Revenue of $59.81 billion compared to an estimate $51.36 billion. Pfizer Inc. (NYSE: PFE) posted EPS of $0.53, versus a $0.52 estimate. Revenue of $14.05 billion, came in above the $13.56 billion estimate. Michael Kors Holdings Ltd (NYSE: KORS) delivered EPS of $1.59, versus a $1.46 estimate. Revenue of $1.4 billion was in line with consensus. Gilead Sciences, Inc. (NASDAQ: GILD) posted EPS of $3.32, abovTuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| 7:01 am McEwen Mining has regained compliance with the NYSE's continued listing standards regarding the minimum price of its common stock |
| 6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47Tuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| 10:36 am Duke Energy displays strong relative strength as it extends last week's breakout momentum towards multi-month highs near $77 vicinity |
| 6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47Monday, February 1, 2016 |
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| 24hGold - Yahoo |
| 6:01 am Cabot provides medical update on CEO Patrick M. Prevost; not yet ready to resume responsibilities |
| 6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47Monday, February 1, 2016 |
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| 24hGold - Yahoo |
| 6:55 am CONSOL Energy beats by $0.01, beats on revs |
| 9:54 am UPS gap higher start pauses at Jan high of 96.10 -- session high 96.00 (UPS) : Strong performance off the open in the wake of earnings with the opening run stalling just shy of its Jan peak at 96.10. It is currently vacillating back near its 50 day ema at 95.55.9:45 am Alphabet A gap higher start breaks Dec peak at 798 to set new all time high of 804.49 (GOOGL) : Strong post earnings start pauses after setting a new all time high with it currently drifting slightly under the Dec peak.9:4Sunday, January 31, 2016 |
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| 24hGold - Yahoo |
| OIL Stocks End Higher; Oil Gains, Earnings Eyed |
| U.S. Market Stocks were sharply higher today as oil prices rebounded. Oil futures rose above $30 a barrel again today on news that OPEC members may be open to “cooperation” in reducing oil output. Home price gains accelerated in November according to the Case-Shiller index. The 20-city index was up 5.8% year over year in the month, compared to a 5.5% annual gain in October. San Francisco, Portland and Denver saw the biggest gains in the month. AtTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| 5:23 pm Vertex Pharma: Health Canada approves PrORKAMBI |
| 2:40 pm Major averages slip under initial post Fed lows, Nasdaq Comp -70 sets new session low -- Dow -146, S&P -12 (:TECHX) : 2:31 pm Currency Market Summary (:FOREX) : FOMC Has Little Effect on FX RatesThe U.S. Dollar Index fell 0.34% to 99.02 today as the Federal Open Market Committee voted to keep the main policy rates unchanged but took a slightly more cautious tone on the economy than Treasury investors had expected. The decline in the dollar came long before the release of the decision anTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| 4:46 pm Vaalco Energy Board provides operational update, forms strategic committee to explore a range of strategic ... |
| 9:50 am Opening Market Summary: Indices Open Lower (:WRAPX) : The major averages have started their day in negative territory with the Dow Jones Industrial Average (-0.5%) trailing the Nasdaq (-0.5%) and the S&P 500 (-0.1%).Technology (-1.0%) sits well behind the other sectors as energy (-0.2%) trimmed its opening loss courtesy of WTI crude climbing above the 31.00/bbl price level. Meanwhile, most sectors trade close to their flat lines as countercyclical consumer staples (+0.3%) and health careTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| 4:22 pm CMS Energy President and CEO John G. Russell to retire; Patricia Kessler Poppe will succeed as President and CEO effective July 1 |
| 12:27 pm SPDR S&P Insurance ETF follows through on break of recovery high (KIE) : Yesterday noted that the ETF was challenging its recovery high from last week at 64.06 with the breakout reaching as high as 64.30 today. PGR has provided leadership with its breakout reaching up near its 50 day ema/sma at 30.83/30.92 (session high 30.74). MET has climbed back near its 20 day ema and recovery high at 44.24/44.28 (session high 44.16).12:17 pm Currency Commentary: DXY Testing 99 Support Ahead of Fed Tuesday, January 26, 2016 |
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| 24hGold - Reuters |
| DuPont CEO sees "very little" to concern regulators in Dow merger |
| (Adds background) By Swetha Gopinath Jan 26 (Reuters) - DuPont Chief Executive Edward Breen said on Tuesday that there was "very little" to concern regulators about the company's pending merger with Dow Chemical Co and that it was unlikely to have to make significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would have a market value of about $95 billion at current share prices. The combined company Tuesday, January 26, 2016 |
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| 24hGold - Reuters |
| DuPont sees no significant asset sales ahead of Dow merger: CEO |
| (Reuters) - DuPont (DD.N) Chief Executive Edward Breen said on Tuesday that there was "very little" to concern regulators about the company's pending merger with Dow Chemical Co (DOW.N) and that it was unlikely to have to make significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would have a market value of about $95 billion at current share prices. The combined company will then split into three businesses, focused on agricultureTuesday, January 26, 2016 |
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| 24hGold - Associated Press |
| DuPont reports 4Q loss, steps up cost cuts ahead of Dow deal |
| DOVER, Del. (AP) -- DuPont Co., pursuing a merger with Dow Chemical, tipped to a fourth-quarter loss as volumes declined and the strong dollar weighed on results.
The company is ratcheting up spending cuts ahead of the deal, announcing it expects about $730 million in cost reductions by the end of the year. It's laying off about 10 percent of its global workforce of more than 60,000 people.
DuPont booked a $798 million restructuring charge, incorporating $656Tuesday, January 26, 2016 |
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| 24hGold - Reuters |
| DuPont doubles down on cost cuts ahead of Dow Chemical merger |
| (Reuters) - Chemicals and seed producer DuPont's (DD.N) quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co (DOW.N). The company said it expects full-year operating earnings of $2.95-$3.10 per share, compared with analysts' average estimate of $3.10 per share, according to Thomson Reuters I/B/E/S. Excluding $622 million of restructuring and other charges, fourth-quarter operating profitTuesday, January 26, 2016 |
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| 24hGold - Reuters |
| UPDATE 2-DuPont doubles down on cost cuts ahead of Dow Chemical merger |
| (Corrects workforce number to 54,000 from 63,000 in paragraph 6) * Sees 2016 operating profit of $2.95-$3.10/shr vs est. $3.10 * Fourth-quarter operating profit $0.27/share vs. est. $0.26 * Says to cut 2016 costs by $730 mln year-over-year Jan 26 (Reuters) - Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co. Tuesday, January 26, 2016 |
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 | The Energy Report |
| Which Energy Companies Are Being Added to US Global Funds in Anticipation of an Oil Rebalance |
| There are still winners in the energy space, but you have to move quickly. In advance of the rebalance U.S. Global Investors CEO Frank Holmes is expecting toward the end of 2016, he and analyst Samuel Pelaez point to the sectors taking advantage of opportunities, including refiners, midstream MLPs, low-cost producers, airlines and chemical companies. In this interview with The Energy Report, they name their favorites and outline the fundamentals that will make 2016 look a lot different than theTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| Stocks Trading With Low PS Ratio, Wide Margin of Safety |
| Dow Chemical Co. (DOW) is trading at about $41 with a P/S ratio of 0.98, a trailing 12-month P/E multiple of 10.69 and an estimated forward P/E multiple of 10.49. The company has a market cap of $47.87 billion and over the last 10 years, the stock has dropped by 3%. During the last 52 weeks, the price has been as high as $57.10 and as low as $35.11.$warning_sign_link List of 52-Week Lows List of 3-Year Lows List of 5-Year LowsThe DCF model gives a fair value of $39.49, putting the stock as sligThursday, January 21, 2016 |
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| 24hGold - Yahoo |
| Stocks Trading With Low PS Ratio, Wide Margin of Safety |
| Dow Chemical Co. (DOW) is trading at about $41 with a P/S ratio of 0.98, a trailing 12-month P/E multiple of 10.69 and an estimated forward P/E multiple of 10.49. The company has a market cap of $47.87 billion and over the last 10 years, the stock has dropped by 3%. During the last 52 weeks, the price has been as high as $57.10 and as low as $35.11.$warning_sign_link List of 52-Week Lows List of 3-Year Lows List of 5-Year LowsThe DCF model gives a fair value of $39.49, putting the stock as sligThursday, January 21, 2016 |
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| 24hGold - Reuters |
| DuPont layoffs before merger a credit negative for Delaware: Moody's |
| NEW YORK (Reuters) - Layoffs at chemical maker DuPont Co announced in late December, in preparation for its merger with Dow Chemical Co, create negative credit conditions for communities in Delaware and the state overall, a report said on Friday. Moody's Investors Service said the 1,700 jobs being cut in Delaware by DuPont represents a "significant" 24 percent of all company employees in the state. "The layoffs focused on scientists at the Experimental Station in the grFriday, January 15, 2016 |
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