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Monthly Archives: December 2017

When the economic news is this good, the gains are smaller for stocks

The economy could be signalling too much of a good thing for stocks. James Paulsen, chief investment strategist at Leuthold Group, warns that the Citi Economic Surprise Index is at one of the highest levels it’s ever been at and the third highest in the post-financial crisis recovery. The Citi …

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Copper, on a red-hot winning streak, is testing a critical level

As we wrap up this year and look ahead to 2018, many investors are focused on how strong global growth might be next year. This consensus is looking for strong growth, with U.S. tax cuts leading the way, though certainly not the exclusive catalyst for global economic expansion. Of course, …

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Explosion injures 4 at Russian supermarket: Report

Anton Vaganov | Reuters An Emergency Ministry member and a policeman are seen outside a supermarket after an explosion in St Petersburg, Russia, December 27, 2017. Russian news reports say at least four people have been injured by an explosion at a supermarket in St. Petersburg. Russian news agencies quoted …

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Ripple jumps after news of link to some Japanese credit card companies

Ripple rose more than 9 percent Wednesday, coming within 10 cents of its all-time high. The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a “consortium” with some Japanese credit card companies to utilize blockchain technology, according to …

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Erie, Pennsylvania pummeled by record 5 feet of snow

Erie Times-News | AP Rochelle Carlotti shovels steps near her home after a record snowfall on Tuesday, Dec. 26, 2017, in Erie, Pa. Snow piled up in Erie, Pennsylvania, on Wednesday after two days of record-breaking snowfall that had already surpassed 5 feet (1.5 meters), breaking city and state records, …

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Apple pullback aside, the chart is still very much intact

Despite mounting pressures over its iPhone X, Apple is still a compelling buy, according to Craig Johnson of Piper Jaffray. A report by Taiwan’s Economic Daily earlier this week that Apple would cut its forecast for the iPhone X sent Apple shares tumbling 2.5 percent on Tuesday. The stock failed …

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Israel minister wants to name future Jerusalem train station after Trump

Ronen Zvulun | AFP | Getty Images President Donald Trump visits the Western Wall, the holiest site where Jews can pray, in Jerusalem’s Old City on May 22, 2017. Israel’s transportation minister is pushing ahead with a plan to extend Jerusalem’s soon-to-open high speed rail line to the Western Wall, …

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‘The Last Jedi’ collects almost $100 million at holiday box office

GP Images | Getty Images The atmsophere at the “Star Wars: The Last Jedi” Canadian Premiere on December 13, 2017 in Toronto, Canada. “Star Wars: The Last Jedi” claimed the biggest Christmas haul over the four-day holiday weekend, adding almost $100 million to its coffers, according to box office figures …

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US stocks open higher as copper hits 3.5-year high

Copper hit a more than three-and-a-half year high Wednesday after China reported a 19 percent year-on-year increase in imports of the metal in November, according to Reuters. Copper hit a high of $3.302 a pound on the New York Mercantile exchange, its highest since Feb. 2014. “Obviously commodities futures have …

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Consumer confidence December

Mark Ralston | AFP | Getty Images Shoppers push loaded up carts at a Target store in Culver City, California. Consumer optimism slipped in December, after hitting historic highs in the previous month. The Conference Board’s measure of consumer confidence declined to 122.1 in December, further than the 128.1 anticipated …

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