(C) Reuters. FILE PHOTO: A vendor counts money at his photograph stand at Times Square in New York By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears […]
Your Money: Five useful money moves you can do instead of panic
(C) Reuters. FILE PHOTO: A trader work on the floor at the NYSE in New York on Feb 27, 2020 By Beth Pinsker NEW YORK (Reuters) – Spoiler alert: None of the useful things you can do about your money right now involve your 401(k). Financial advisers tend to caution […]
OPEC Had Better Get Used to $50-Or-Lower Oil
With Russia finally ending its cat-and-mouse game with OPEC, the world alliance of oil producers hopes to shock the market into a rebound next week by announcing a cut of more than one million barrels per day in output. No matter what the cut ordained by the Organization of the […]
The Phil Flynn Energy Report: February 28, 2020
Oil prices are falling out of control as fears continue to spread that coronavirus is out of control. While a cut off of 500,000 barrels a day oil exports by Saudi Arabia to China, and a commitment by OPEC to meet March 5 and 6 to try to stabilize the […]
The Corn And Ethanol Report: February 28, 2020
Good Morning! We kickoff the day with Personal Income, Wholesale Inventories, Goods Trade Balance, PCE Price Index MoM and YoY and Core Price Index MoM and YoY at 7:30 A.M., Fed Bullard speech at 8:15 A.M., Chicago PMI at 8:45 A.M., Michigan Consumer Expectations, Michigan 5-Year Inflation Rate, Michigan Current […]
Intuit and Credit Karma’s $7B Deal Means Bigger Data. Is That Better?
The announcement earlier this week that Intuit, the financial software giant, would be buying the personal finance company Credit Karma for $7 billion was striking. The tech industry is under more antitrust scrutiny than ever; just a few weeks ago, the Federal Trade Commission announced a broad inquiry into the […]
Going viral: Six charts and the $6 trillion loss
Economic Indicators11 hours ago (Feb 28, 2020 11:14AM ET) (C) Reuters. A men wearing a mask walk at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai By Thyagaraju Adinarayan and Tommy Wilkes LONDON (Reuters) – Capitulation? Perhaps. The rapid worldwide spread of coronavirus and the economic […]
U.S. Personal Spending Slowed in January as Incomes Jumped
Economic Indicators13 hours ago (Feb 28, 2020 09:15AM ET) (Bloomberg) — U.S. personal spending decelerated in January to a still-solid pace, suggesting momentum among American consumers eased somewhat at the start of the year ahead of the coronavirus concerns. Personal spending, which accounts for about two-thirds of the economy, rose […]
India’s Deepening Slowdown Faces Fresh Risks from Virus
ForexFeb 28, 2020 08:35AM ET (Bloomberg) — India’s economy slowed to a more than six-year low in the final three months of last year, and it now faces a fresh threat from the coronavirus outbreak. Data on Friday showed growth decelerated to 4.7% in the three months through December from […]
Katherine Johnson’s Math Will Steer NASA Back to the Moon
Katherine Johnson blazed trails, not just as a black female mathematician during the Cold War, but by mapping literal paths through outer space. Her math continues to carve out new paths for spacecraft navigating our solar system, as NASA engineers use evolved versions of her equations that will execute missions […]