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Market headwinds may be fading, but four main risks remain

The S&P 500, at roughly 2,370, is about 30 points below its March 1st record high. That is just a little above the middle of the trading range we have been in since the middle of March, that is, between about 2,325 and 2,400. The likely outcome will be a short-term trading range but the long-term risk is clearly to the upside. Absent a geopolitical crisis, the other risks have a good chance of resolving to the upside. No wonder the markets are rallying.

By | April 23rd, 2017|companies|0 Comments

Best ways to figure out what college really costs

It's easy to go into sticker shock when looking at the full price of private colleges and universities. For this 2016-17 academic year, the average published tuition and fees at private colleges and universities rose 3.6 percent from the past academic year to $33,480, according to the College Board. When you factor in room and board, the College Board estimates the average private-school student will pay a total of $45,370 this academic year. Like many major purchases, there is the listed price

By | April 23rd, 2017|companies|0 Comments

Full interview with Fidelity’s Jurrien Timmer on the French election, his favorite idea

Fidelity's Jurrien Timmer shared his market views in an interview Monday on CNBC's "Squawk on the Street." On the tail risks: "There are always tail risks. There's always a 1 in 3 chance that the market goes down 10 percent and a 1 in 5 chance the market goes down 20 percent, but yet over the long term the stock market goes up 10 percent a year about 70 percent of the time," Timmer said. … It's nice to get this one [French election] out of the way." To watch the broadcast interview in its entire

By | April 23rd, 2017|companies|0 Comments

London house prices post most dramatic annual fall since financial crisis

"The Spring markets for the past three years have been destabilised by big political events and 2017 is going the same way. "On the positive side, competition in the mortgage market is likely to continue at least until Christmas making money both cheaper and more available but we are very close to zero and this will eventually dry up. "All but the most motivated of buyers and sellers will sit on their hands as all the parties appear to be hinting at tax rises to come. The threats to the housing

By | April 23rd, 2017|companies|0 Comments

Full interview with ex-ECB chief Trichet on the French election ‘earthquake’

Jean-Claude Trichet, former president of the European Central Bank, shared his views on the French election Monday on CNBC's "Squawk on the Street." On the state of French politics: "I would say all taken into account, this is an earthquake in French politics," Trichet said. On youth unemployment in France: "It seems to me that the success of the new government, the new president, will rely upon eliminating this youth unemployment, which is an abominable disgrace," he said. French presidential c

By | April 23rd, 2017|companies|0 Comments

Bloomberg to world leaders: Ignore Trump on climate

The Trump administration is debating whether to abandon the pact as the president promised during his campaign. Bloomberg said he believed the U.S. would hit that goal regardless of what Trump does because of leadership at the state level and market forces already at play in the private sector. "Washington won't determine the fate of our ability to meet our Paris commitment," he said in an email Saturday to the AP. "And what a tragedy it would be if the failure to understand that led to an unrav

By | April 23rd, 2017|companies|0 Comments

Steel stocks jump after an analyst upgraded the sector because of Trump’s policies, improving demand

Macquarie raised its stock ratings across the steel sector due to evidence of better steel demand and the prospect of President Donald Trump's protectionist policies for the industry. Steel stocks surged more than 6 percent percent last Thursday after President Trump signed a directive for an investigation into whether foreign steel imports are hurting U.S. national security. "With steel demand improving, and President Trump continuing to promise new restrictions on imports, we see the potential

By | April 23rd, 2017|companies|0 Comments

US to impose 20% tariffs on Canadian softwood lumber: Ross

U.S. Commerce Secretary Wilbur Ross said on Monday his agency will impose new anti-subsidy tariffs averaging 20 percent on Canadian softwood lumber imports, a move that escalates a long-running trade dispute between the two countries. Speaking to Reuters by phone a day ahead of the expected announcement, Ross said that the duties would affect $5 billion worth of softwood lumber imports from Canada. "It's about 31.5 percent of the total U.S. market, so it's a pretty big deal in terms of the Canad

By | April 23rd, 2017|companies|0 Comments

McDonald’s hits all-time high ahead of earnings, but this could send shares tumbling

Shares of the company once again Monday hit a fresh all-time high of $134.76, just a day ahead of the company's first-quarter earnings report. McDonald's stock is up about 4 percent this month and nearly 10.6 percent for the year-to-date. Last year, the chain turned in first-quarter U.S. same-store sales growth of 5.4 percent. This time around, analysts are calling for overall same-store sales growth of 1 percent, and U.S. same-store sales to decline 0.8 percent. "McDonald's can't miss on same-s

By | April 23rd, 2017|companies|0 Comments

Canadian dollar stumbles as US plans to slap tariffs on softwood lumber

In total, Canada exported around C$8.6 billion (around $6.37 billion) worth of softwood lumber in 2015, according to Canadian government data, which indicated the country was the world's fourth-largest forest product exporter. "It's not just the lumber," he said, noting the U.S. administration had also been rumbling about potential tariffs on dairy products. In 2016, Canada exported around C$112.6 million (around $83 million) worth of dairy products to the U.S., while it imported around C$557.3

By | April 23rd, 2017|companies|0 Comments
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