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Monthly Archives: January 2018

Workers are finally going to start seeing bigger paychecks

Scott Eisen | Bloomberg | Getty Images An employee attaches a tag to a jacket at the Joseph Abboud Manufacturing facility in New Bedford, Massachusetts. Despite the slowness, the Fed is expected to proceed with at least three rate hikes this year, with several prominent central bank watchers making room …

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Trump’s fake news awards entered by Stephen Colbert and Trevor Noah

CBS Photo Archive | Getty Images ‘The Daily Show’ host Trevor Noah appears on ‘The Late Show’ with Stephen Colbert on September 17, 2015 Noah’s entry shows the host with a series of quotes including “Isn’t ‘The Daily Show’ a fake news show?” from news program Fox & Friends, which …

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White House says the stock market is cheap right now

Brendan Smialowski | AFP | Getty Images Secretary of the Treasury Steven Mnuchin (L), National Economic Council Director Gary Cohn (C) and US Secretary of Commerce Wilbur Ross wait for President Donald Trump to speak about newly passed tax reform legislation during an event at the White House December 20, …

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Deutsche Bank to post small Q4 loss on US tax reform, weak markets

Krisztian Bocsi | Bloomberg | Getty Images Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany, on Thursday, Oct. 20, 2016. Deutsche Bank said it would post a small net loss in the fourth quarter after weak trading, a low level of client activity and a 1.5 billion …

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People say Trump is ‘like a child,’ Fire and Fury author Michael Wolff says

Brendan McDermid | Reuters Author Michael Wolff is seen on the set of NBC’s ‘Today’ show prior to an interview about his book “Fire and Fury: Inside the Trump White House” in New York City, January 5, 2018. Author Michael Wolff rebutted criticism Friday of his bombshell book on President …

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Tom Brady, Bill Belichick, Robert Kraft dysfunction

Charles Krupa | AP New England Patriots head coach Bill Belichick, right, passes the AFC Championship trophy to quarterback Tom Brady after winning the AFC championship NFL football game against the Pittsburgh Steelers, Sunday, Jan. 22, 2017, in Foxborough, Mass. At left is team owner Robert Kraft. New England Patriots …

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OPEC producer Angola scraps kwanza, U.S. dollar peg

Simon Dawson | Bloomberg | Getty Images The logo for Sonangol, Angola’s state oil company, illuminated above passing traffic in the capital Luanda on November 7, 2013. Angola, OPEC producer and one of sub-Saharan Africa’s largest economies, unveiled two economic overhauls this week. Central bank Governor Jose Massano and Finance …

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Sonic tops first-quarter profit forecasts

Daniel Acker | Bloomberg | Getty Images An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois. Sonic on Thursday reported fiscal first-quarter profit of $11.4 million. The Oklahoma City-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents …

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Netflix could surge another 20 percent, says technical analyst

Investors have been binging on Netflix this week, sending the stock to all-time highs. TradingAnalysis.com’s Todd Gordon says the streaming platform’s run is hardly done. According to Gordon, the stock just broke out of a consolidation near the $200 region, and based on one market theory Netflix is set to …

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China says it will limit oil, refined product exports to North Korea

KCNA | Reuters A view of the newly developed intercontinental ballistic rocket Hwasong-15’s test that was successfully launched is seen in this undated photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang November 30, 2017. China’s Commerce Ministry said on Friday it will limit exports of crude …

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