Economic News, Page

Mortgage rates were on the rise once more, with rates hitting 4.66%, the highest level since May 2011’s 4.71%, according to figures released by Freddie Mac, the upward trend reported to have been the most sustained rise in rates in over 40-years. According to Freddie Mac, rates have risen in

U.S. Treasury yields declined on Friday and finished the week lower as investors continued to react to the U.S. Federal Reserve Monetary Policy Meeting Minutes, released on Wednesday, that signaled the central bank could allow inflation to run above its mandated target and renewed geopolitical fears pushed investors into safe-haven

After a week filled with renewed geopolitical concerns, turned their focus on a pair of economic reports and a few Fed speakers on Friday before moving on to a long holiday week-end. The U.S. Durable Goods report was mixed, while the Revised University of Michigan Consumer Sentiment report came in

The “little guy” or the small speculator may have paid the price this week for trusting the headlines in the crude oil. Recently, reports of crude oil moving to $80 to $100 before the end of the year have been dominating a few of the financial websites. They became particularly

Luxury retailer Tiffany & Co. (NYSE:TIF) beat the estimates of analysts in its first quarter results resulting in the full-year profit and sales forecast being raised. This is a testament to the fact that a strategy rolled out with a view to targeting millenials as well as selling household items

U.S. Treasury markets rose, driving yields lower, on Thursday after President Donald Trump announced that he cancelled the highly anticipated summit with North Korea’s Kim Jong Un.The yield on the benchmark 10-year Treasury note fell to 2.977 percent, while the yield on the 30-year Treasury bond was lower at 3.128

Rise in TensionToday marked another day of rise in geopolitical tension around the world as Trump and the US confirmed that they have cancelled their scheduled summit with North Korea that was supposed to be held in June. This has marked a large turn around in the tension in that

After several weeks of relative calm in the markets due to the easing of tensions over geopolitical events, volatility appears to be coming back with a vengeance fueled by a couple of flip-flops by the White House over the summit with North Korea and U.S. – China trade relations.Shortly after

The U.S. Federal Reserve meeting minutes released on Wednesday at 1800 GMT contained few surprises. The minutes pointed to an interest rate hike at the June meeting. This has already been priced into the market. The Fed also indicated it will let inflation run above their 2 percent goal for

Geopolitical Tensions DominateWe have seen the geopolitical tensions around the world begin to rear its head again as the stock markets have responded to that by moving lower. The move lower began yesterday evening in the US session as the stock indices there moved lower due to comments from Trump

Volatility is returning to the stock market as evidenced by Tuesday’s late session sell-off and today’s early follow-through move.Shortly after the opening in the cash market, the benchmark S&P 500 Index is trading 2714.53, down 9.91 or 0.36%, the blue chip Dow Jones Industrial Average is at 24735.66, down 98.75

Hewlett Packard Enterprise Co (NYSE:HPE) has announced the financial results for its second quarter revealing that it managed to outperform the performance figures projected by analysts.The tech company announced its Q2 earnings on Tuesday revealing that it secured a revenue of $7.5 billion during the quarter and its net earnings

The U.S. Dollar edged lower against a basket of currencies on Tuesday after posting six consecutive higher closes. The catalyst behind the move was a dip in Treasury yields, position-squaring ahead of the release of the Fed Meeting Minutes on Wednesday and general nervousness over the whether the dollar rally

Gold Prices HigherThe gold prices have managed to get some relief mainly due to the weakness that is being seen in the dollar over the last 24 hours. The anticipation over the FOMC minutes has reduced to an extent during this period and this has given some respite to the

The company reported earnings per share of 8 cents, a drop from earnings of 13 cents a share reported a year earlier. Despite the drop, the earnings met Wall Street expectations.According to the Chief Executive Officer, Sheng Fu, the company started the year on a high depicted by revenue exceeding

The Italian Election has delivered a Coalition Government that “will put Italian national interests first”. This is creating a tension with the EU as the new government has proposed billions of euro in tax cuts, increased social welfare payments and scrapping pension reform, all of which would break the fiscal

Dollar Grows in SizeThe dollar continued to rise higher and gain in strength over the entire day as the focus for this week is firmly and correctly on the dollar over the last few days. The anticipation over the FOMC meeting and the minutes towards the end of the week

US Treasury Secretary Steve Mnuchin gave an interview on NAFTA over the weekend where he said that President Trump is “more determined to have a good deal than he’s worried about any deadline”. He spoke about the US acceptance of the deadline slipping into 2019 once the right deal for

The earnings report which was released on Thursday revealed that the company had earnings per share of 27 cents which was a noteworthy decline from the 48 cents EPS that the firm reported in Q1 of the previous year. Other than the declining earnings, the company also failed to beat

On the MacroFor the Dollar, With U.S retail sales and hawkish FOMC member commentary contributing to the Dollar rally last week, it’s May’s prelim private sector PMI numbers on Tuesday, the FED meeting minutes on Wednesday and April durable goods orders on Thursday that will be in focus, though the