RoboStreet – May 23, 2019 Recreational Weed Rally About to Erupt The long-awaited legislative agenda to legalize recreational use of marijuana is now upon us. Several states have already moved to allow for the free use of pot in publicly designated café locations and places of distribution that have smoking lounges. In contrast, it’s a […]
All three major U.S. indices are in the red today behind continued U.S.-China trade uncertainty as well as the recent tariffs and tech bans. Preeminent tech and communication companies such as Google, Microsoft, and Intel continue to trade lower following the Huawei ban while European and Asian markets are also suffering, with both closing significantly […]
Markets trended lower ahead of today’s FOMC minutes release after all three major U.S. indices recorded slight gains yesterday. Besides minutes from the latest Fed policy meeting, look for further details on corporate earnings released this morning from Target and Lowe’s, as well as Kraft-Heinz. Best Buy, Hewlett Packard, and Nintendo report tomorrow. Significant economic […]
Major U.S. indices retreated on Monday as China-U.S. trade and tariff uncertainty grows. Several tech, chipmaker, and communication companies are facing sharp declines following the Huawei ban signed into effect by the White House last week. Both Sprint and T-Mobile saw shares rally following today’s statement the two are still moving forward with their merger. […]
RoboStreet – May 16, 2019 Recreational Marijuana Use In Legal Motion Despite the calls from a number of anti-drug interests, steady progress is being made to legalize recreational marijuana use. To date, 11 states have legalized weed altogether, which includes both medical and recreational use. Comprehensive medical marijuana use is now legal in 22 states […]
Major U.S. indices and futures are in the green today after a turbulent start to the week that featured tariff and global trade uncertainty. Today’s big-name earnings beat returned positive with Cisco and Walmart reporting before the market opened to better than expected results while U.S. housing and labor data also returned positively. Look for […]
Markets are experiencing a slight rebound following two days of trading lower behind tariff escalation and global trade uncertainty. All three major U.S. indices are currently trading higher following positive earnings beat from Macy’s and Alibaba, ahead of Cisco’s release today after market close and Walmart’s release tomorrow before the market opens. Retail data for […]
Markets are down behind the re-escalation of China-U.S. tariffs, which began on Friday when the U.S. raised tariffs on Chinese goods from 10% to 25% causing China to respond with their own retaliatory tariffs. Both sides have since stated their intent to continue expanding tariffs which could further volatility and complicate trade talks. Corporate earnings […]
RoboStreet – May 9, 2019 Spring Loaded Stock Awaits Trade Deal Headline This week’s market volatility is fully tied to the breakdown in the U.S./China trade negotiations following China’s backtracking on crucial elements to the terms of the proposed deal – namely the theft of intellectual property and forced transfer of technology that help China […]
Major indices and assets are trending lower after renewed trade tension between the U.S. and China ramps up and will likely result in further tariffs. President Trump already indicated tariffs would be raised from 10% to 25% by week’s end while China has since stated retaliatory tariffs will occur if the U.S. proceeds with the […]
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