U.S. Stocks Rise on Corporate Results, Accelerating GDP

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img U.S. stocks rebounded from the worst day since July, with the Standard & Poor’s 500 Index paring a weekly decline, as corporate results topped estimates and data showed the fastest economic growth since 2011.

Nike Inc. jumped 10 percent after reporting first-quarter profit that exceeded analysts’ estimates. Micron Technology Inc. added 6.6 percent after a surge in quarterly sales beat projecti

Bill Gross makes Janus relevant again

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img Bill Gross just made Janus Capital Corp. relevant in the mutual fund industry again.

Janus JNS, +36.41% was the high-flying stock-picking shop of the 1990s that got crunched when the Internet bubble burst and dragged through the mud for its involvement in a 2003 rapid-trading scandal that pushed fed-up investors out the door.

Since then, the company has been an afterthought in the fund wor

U.S. growth quickest in two and a half years on business spending, exports

Posted by Forexsq 5 days ago (http://www.reuters.com)
img The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.

The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate. That was in line with Wall Street's expectations.

The best performance s

Yen Weakens on Pension Fund Reform; Dollar Advances Amid Growth - Bloomberg

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img The yen fell, approaching the weakest in six years versus the dollar, on speculation Japan’s government will push ahead with reforms that would allow the nation’s $1.2 trillion pension fund to buy more overseas assets.

Japan’s currency fell versus most of its 16 major peers after Health Minister Yasuhisa Shiozaki, whose ministry oversees the Government Pension Investment Fund, said the fund wi

U.S. Stocks Drop as Apple Sinks Amid Rate Concern, Russia

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img U.S. stocks tumbled, with the Standard & Poor’s 500 Index dropping the most in seven weeks, as Apple Inc. sank amid speculation Russia may seize foreign assets and data that fueled concern rates may rise soon.

Apple Inc. plunged 3.5 percent to drag technology stocks lower amid snafus in the rollout of a new smartphone. Twitter Inc. and Pandora Media Inc. slid at least 2.2 percent to pace losse

Apple CEO Cook Goes From Record Sales to IPhone Stumbles

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Apple Inc. (AAPL) Chief Executive Officer Tim Cook called the introduction of the iPhone 6 and 6 Plus over the weekend the “best launch ever.” He may have spoken too soon.

Just three days after announcing that Apple had sold a record 10 million new iPhones over the opening weekend, Cook was faced with multiple snafus related to the bigger-screen handsets. The company pulled a new mobile-softwa

DHL Beats Amazon, Google to First Planned Drone Delivery

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Germany’s Wadden Sea, World Heritage-designated wetlands recognized for their importance in the conservation of migratory birds, will soon host frequent fliers of a different kind when drones enter the skies typically populated by spoonbills, cormorants and geese.

Deutsche Post AG, Europe’s largest postal service, is about to begin deliveries of medication and other urgent goods to the island

Marc Andreessen: Spendthrift startups will "vaporize"

Posted by Forexsq 5 days ago (http://money.cnn.com)
img Prominent venture capitalist Marc Andreessen has a message for Silicon Valley startups: Get your spending under control now, or fail when the market inevitably turns.

Andreessen has long insisted that Silicon Valley's tech boom is not a bubble, but he is now worried that startups are spending too much cash on flashy offices or excessive numbers of employees.

U.S. Dollar Gauge Climbs to Four-Year High as Kiwi Slumps

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img A dollar gauge rose to a four-year high amid bets the Federal Reserve will boost interest rates before its peers. New Zealand’s currency slid to a one-year low as the nation’s central bank signaled possible intervention.

The greenback reached the strongest since November 2012 versus the euro before data tomorrow forecast to show U.S. economic growth quickened and consumer confidence improved.

Islamic State Oil Refineries in Syria Hit in Airstrikes

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Kurdish fighters battled to halt an advance by Islamic State in northern Syria, while in the east of the country the oil refineries that are a key money-spinner for the militant group were targeted by U.S.-led airstrikes.

Aircraft and drones operated by the U.S., Saudi Arabia and the United Arab Emirates attacked 12 “modular” refineries Islamic State uses in its oil-smuggling operations, U.S.

U.S. business spending plans, jobs data support growth outlook | Top Forex Brokers

Posted by Forexsq 6 days ago (http://www.topforexbrokers.com)
img Orders for long-lasting U.S. manufactured goods in August posted their biggest drop on record after an aircraft-related boost, but a rebound in business spending plans pointed to underlying strength in... moreShare it now!

European stocks pulled down by Carney, U.S. losses

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img European stock markets erased earlier gains on Thursday afternoon, hit by a slide in U.S. stocks, including Apple Inc., after the opening bell.

U.K. stocks were further beaten by comments from Bank of England Gov. Mark Carney, who said the first interest-rate hike is inching closer.

Major movers: Shares of Hennes & Mauritz AB HMB, -4.18% slid 4.2% after the Swedish fashion retailer said sa

U.S. stocks fall; on track for steepest drop in 2 months

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img U.S. stocks slumped Thursday, led by the tech sector, and key benchmarks were on pace for their biggest one-day loss in nearly two months.

Strategists said there wasn’t one single explanation for Thursday’s decline, but drivers include Apple’s AAPL, -2.95% 3.2% drop and a move by the S&P 500 to under its 50-day moving average, a key level for chart watchers. Other worries centered on the Syri

Gold may rebound as extreme bearishness sets in

Posted by Forexsq 7 days ago (http://www.marketwatch.com)
img It was two weeks ago when I reported that sentiment analysis, at long last, was on the side of the bulls — at least for a tradeable rally. Yet, far from rallying, bullion today is $18 per ounce lower — a nine-month low — than it was then.

Does this mean contrarian analysis was wrong? Have contrarians reconsidered their bullish turn?

No is the answer, on both counts.

Consider the average

Gold $10,000, and why ‘golden’ is worse than ‘death’ when it comes to crosses

Posted by Forexsq 7 days ago (http://www.marketwatch.com)
img With much of the big market-moving news taking a pause, investors and the financial media have gotten fixated on what’s going on within the imploding small-cap universe.

If the fear-mongering in this whole Russell 2000 RUT, -0.94% “death cross” hype is giving you the night terrors, just wait until the “golden cross” stumbles into town. The flowery descriptors couldn’t be more misleading, unles

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