-
#PreMarket Primer: Thursday, December 11: Investors Flock To Safer Bets
Thursday, December 11, 2014 - 9:26am | 1282With oil prices continuing to free-fall and the global economy still on shaky ground, U.S. investors ditched riskier assets in favor of safer bets. Traders swapped high-yield corporate bonds for government bonds and proceeded with caution. On Wednesday, the Dow Jones Industrial Average fell 1.5...
-
#PreMarket Primer: Wednesday, December 10: Shutdown Avoided
Wednesday, December 10, 2014 - 8:57am | 1172On Tuesday night lawmakers in Washington agreed to a near $1.1 trillion bill that will keep the majority of the government running through September. With just two days to go until the government was set to run out of funding, Democrats and Republicans were able to come up with a temporary...
-
#PreMarket Primer: Tuesday, December 9: Crude Prices May Not Have Bottomed Out Yet
Tuesday, December 9, 2014 - 8:32am | 1165Brent crude oil fell to a five-year low below $66 on Monday as the global supply glut continued to grow. The commodity has been volatile since OPEC decided against a supply cut, and most firms have cut their forecasts for crude prices next year, saying we may see oil below $70 for an extended...
-
#PreMarket Primer: Friday, December 5: Outrage Over Police Killings Sparks More Demonstrations
Friday, December 5, 2014 - 10:24am | 1062Demonstrations in New York City continued for another day as hundreds gathered to protest a grand jury’s decision not to bring charges against Daniel Pantaleo for his part in a confrontation that ended with the death of an unarmed African-American man. A video of the incident has gone viral...
-
#PreMarket Primer: Thursday, December 4: Beige Book Paints Positive Picture Of U.S. Economy
Thursday, December 4, 2014 - 9:34am | 1300The Federal Reserve’s “beige book” report struck an optimistic tone and indicated that the U.S. central bank saw improving economic growth through 2015. The report showed that U.S. firms added a “sizable” number of new jobs, but that wage growth was minimal. The...
-
#PreMarket Primer: Wednesday, December 3: Investors Weigh The Possibility Of More Easing In The Eurozone
Wednesday, December 3, 2014 - 9:15am | 1318The euro tumbled on Wednesday morning as investors placed their bets on whether or not the European Central Bank would announce a large-scale easing plan at Thursday’s policy meeting. Though there has been a great deal of division within the bank’s governing council over whether or...
-
#PreMarket Primer: Tuesday, December 2: Hackers Turn To Wall Street
Tuesday, December 2, 2014 - 9:28am | 1129The latest in a string of cyber attacks on U.S. companies suggested that the hackers were interested in sensitive information that would give them a leg up in the stock market. The computer security firm FireEye said hackers appear to have targeted healthcare and pharmaceutical companies over...
-
#PreMarket Primer: Monday, December 1: Black Friday Disappoints
Monday, December 1, 2014 - 8:59am | 931Retail sales during the shopping weekend following Thanksgiving fell by 11 percent according to the National Retail Federation. A survey done by the group showed that shoppers average spend was also lower, down to $380.95 from $407.02 in 2013. While the lack of binge spending was disappointing,...
-
#PreMarket Primer: Friday, November 28: Oil Tumbles Without OPEC Cut
Friday, November 28, 2014 - 9:02am | 856Despite the fact that most expected OPEC to decide against a supply cut at its Thursday meeting, markets responded with volatility to the news that the cartel was maintaining its current output. Both Brent and WTI futures fell to new lows following the announcement that the group had decided to...
-
#PreMarket Primer: Wednesday, November 26: Big Retailers Gear Up For Black Friday
Wednesday, November 26, 2014 - 9:13am | 1165The annual day-after-Thanksgiving shopping frenzy is quickly approaching, and large retailers are looking to make this year count by spreading out their deals and luring consumers in with big-ticket items. The holiday has already made its way over the Europe, where Thanksgiving isn’t even...
-
#PreMarket Primer: Tuesday, November 25: Violent Protests In Ferguson Following Grand Jury Decision
Tuesday, November 25, 2014 - 9:16am | 1132On Monday, a grand jury decided against indicting the Caucasian police officer that fatally shot an African-American teenager who was unarmed. The incident sparked protests throughout the community when it occurred in August, but this week’s decision has re-ignited the anger for those who...
-
#PreMarket Primer: Monday, November 24: Talks With Iran Unlikely To Yield A Deal
Monday, November 24, 2014 - 9:14am | 1031Monday is the final day for world powers and Iran to come to an agreement on Tehran’s nuclear capabilities. The two sides have been working to find a solution to a decade-old dispute about the Middle Eastern nation’s uranium enrichment programs and set a November 24 deadline to reach...
-
#PreMarket Primer: Friday, November 21: Immigration Reform Could Have Lasting Impact In More Ways Than One
Friday, November 21, 2014 - 9:09am | 1223President Barack Obama announced his sweeping reforms of the U.S. immigration system on Thursday, much to the dismay of Republicans who believe the President should not act unilaterally. The reforms will protect nearly five million undocumented workers from deportation and give them an...
-
#PreMarket Primer: Thursday, November 20: Immigration Reform Expected To Be Announced
Thursday, November 20, 2014 - 9:02am | 1368President Obama is expected to announce his changes to the U.S. immigration system on Thursday night, a controversial move that will save millions of immigrants from the threat of deportation. Obama plans to use his executive action in order to grant nearly five million people the ability to...
-
#PreMarket Primer: Wednesday, November 19: Burst Of Cold Creates Chaos In New York
Wednesday, November 19, 2014 - 8:50am | 1356All 50 U.S. states saw temperatures at or below freezing on Tuesday, marking the nation’s coldest November since 1976. The early arrival of winter brought about dangerous driving conditions with some parts of New York receiving up to 60 inches of snow. Ten New York counties declared a...