Yesterday, in a major collapse on the Tokyo stock market, the Nikkei average plunged five hundred and fifty-nine points because of the failure of the powerful New York bond market. And because of a sudden surge in profits from its overseas operations, Drexol is back in the black after two...
But financial, economic, and monetary worries in the Middle Kingdom are definitely spooking U.S. investors. So what exactly did China do? The shortish version is that this all started two weeks ago when China decided todevalue its currency. For two straight days, China’s central bank ...
Nagahama attributed the continuous rise of the Tokyo stock market to the depreciation of the yen. If the BOJ decides to cancel the negative interest rate policy after March, the factors currently boosting the stock market may disappear and lead to an adjustment phase in the spring. It will als...
Snap (SNAP) closed the latest trading day at $16.32, indicating a -0.06% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%. Co...
Stock and Watson have a new paper that provides support for the market monetarist view of the recession: First, a combination of visual inspection and formal tests using a DFM estimated through 2007Q3 suggest that the same six factors which explained pre
Why did so many banks fail in the 1930s? The answer is simple, NGDP fell in half. The funds people and firms use to repay loans comes from income. If nominal income falls in half, there will be many defaults, regardless of how sound the loans seemed before the Depression began. ...
I am bearish on this stock. About EverQuote EverQuote operates an online insurance marketplace that allows consumers to connect with insurance providers in the United States. Almost 80% of its business depends on the automotive industry, while the rest comes from the remaining segments. EverQuote...
Self-help is the best help. The Ants and the Grasshopper THE ANTS were spending a fine winter's day drying grain ollectedin the summertime. A Grasshopper, perishing with famine, passedby and earnestly begged for a little food. The Ants inquired ofhim, "Why did you not treasure up food...
whileWalmart's exceeded estimatesas executives said theretailer continued to gainmarket share among higher-income customers. The move marks the second time this year that Target and Walmart shares have moved in opposite directions following earnings reports, as they did the samefollowin...
Also noteworthy is that U.S. jobless claims fell a bit last week to 210,000. That was below economists’ average estimate of 213,000, and the number layoffs remains quite small from a historical perspective. On the date of publication, Larry Ramer did not have (either directly ...