ThinkstockChicago’s Federal Reserve President Charles Evans is generally considered to be a more dovish Federal Reserve member. In his speech today, it does not appear is that there is going to be any substantial…
ThinkstockToday’s auction of $35 billion in five-year Treasury notes produced a high yield of 0.76%, about two basis points above the yield at last month’s auction of five-year notes. The yields were higher as…
ThinkstockAccording to Census data released this week, state and local tax revenue rose in the U.S, for the 13th quarter in a row. With April 15 less than three weeks away, America’s businesses owners…
ThinkstockThree Federal Reserve Bank presidents were scheduled to deliver speeches today. Two have already done so: Eric Rosengren of the Boston Fed and Sandra Pianalto of the Cleveland Fed. Rosengren is a voting member…
ThinkstockThe U.S. Office of the Comptroller of the Currency (OCC) released its 2012 fourth-quarter mortgage metrics report this morning, outlining the performance of $4.7 trillion in principal mortgage balances. The OCC has been compiling…
ThinkstockAastrom Biosciences Inc. (NASDAQ: ASTM) has just joined in on the long list of biotech implosions. Perhaps the only thing that is so surprising after the fact, with a 35% price drop now, is…
ThinkstockCredit Suisse has reviewed and screened the holdings of 857 large cap mutual funds and has seen that technology is very well represented in the top holdings on average at this universe of funds.…
Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) is rallying on Wednesday after a report in Seeking Alpha called its Northera, a treatment for symptomatic neurogenic hypotension in Parkinson’s patients, a shoe-in for approval, along with the note…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 3.3 million barrels last week, bringing the total U.S. commercial crude inventory to 385.9…
ThinkstockOn Thursday at 8:30 a.m. EST, we will get the second revision to the fourth-quarter 2012 gross domestic product (GDP). This is considered the final revision, and Wall St. economists are expecting the numbers to…
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending home sales in February. The index fell 0.4% from a downwardly revised 105.2 in January to 104.8, and it is 8.4%…
Investors Intelligence has its weekly sentiment showing that bullish sentiment rose, with the financial advisory professionals who are bullish rising to 49.5% from 47.4% the prior week. Bearish sentiment also rose, but that was only…
ThinkstockPlatinum prices have fallen nearly 10% from their 2013 highs in early February. Palladium prices are off as well, but the drop is just 3.6%. This is not good for South Africa, which produces…
courtesy J.C. Penney Co. Inc.Is it possible that J.C. Penney Co. (NYSE: JCP) is reaching a bottom as far as its stock price is concerned? It seems hard to believe, but something unusual has…
ThinkstockDiscount retailer Dollar General Corp. (NYSE: DG) said this morning that it will sell 30 million shares in a secondary offering and that all the shares on offer are being sold by existing shareholders.…