ECONOMIC AND FINANCE REPORT

1) Amazon fell 6% after reporting mixed quarterly results, beating expectations on earnings but not on revenue. 2) More than a dozen companies have recalled contaminated foods due to listeria…

1) The Nasdaq fell 4%, erasing its 2018 gains, because of concerns for rising interest rates and fears over the economies of the world. Wall Street is calling this drop…

1) Saudi Arabia has seen a significant reduction in the attendance of their global investment conference, ‘Davos in the Desert’, from boycotts because of the murder scandal in Turkey. 2)…

1) President is considering a 10% tax cut for middle income earners. 2) The Chinese stock market surged up amidst favorable comments from lenders and regulators. 3) Netflix is planning…

1) China has lowest economic growth in nine years, with a 6 1/2% growth. This is China’s lowest growth since the start of the financial crisis, which has investors dropping…

1) There are three major retailers who stand to gain from the bankruptcy of Sears- JC Penney, Kohl’s and Macy’s, but Amazon and Walmart could also absorbed most of Sears…

1) President Trump has instructed the heads of departments to cut their expenditures by 5% in an effort to curb deficit. 2) Fears of another interest rate hike by the…

1) There were 7.14 million job openings in August, the highest ever. Job openings out paced unemployment. 2) Federal government closed its 2018 fiscal year with a $779 billion dollar…

1) Investors fear if oil prices continue rising, then inflation may very well rise also. 2) Saudi Arabia’s stocks have plunged over suspected murder of a journalist. Fears abound that…

New article posted below titled, “SEARS SEEMS TO BE GOING THRU BANKRUPTCY………” 1) Chinese markets drop because of the decline of China’s economy, the biggest drop in 4 years. There…