The Dow Jones Industrial Average will decline Thursday after U.S. President Donald Trump suggested this week that he might hit China with additional tariffs. More on this below. Plus: Can the Microsoft Corp. (NASDAQ: MSFT) earnings report shoulder big tech? First, here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq: Index […]
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Dow Jones Industrial Average Dropping Again as China Deal Deadline Looms
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The Dow Jones Industrial Average and S&P 500 are under pressure as concerns about Chinese and U.S. trade relations reemerged on Thursday.
According to reports, President Donald Trump and Chinese President Xi Jinping are unlikely to meet in coming weeks and strike a deal before the March 1 deadline for a deal. China’s economy is already struggling due to the ongoing trade spat, and concerns about U.S. growth continue to rattle domestic sentiment.
Dow Jones Industrial Average Sliding Today on Global Growth Concerns
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The Dow Jones Industrial Average was down 150 points in premarket trading as markets raised new concerns about the health of the European Union's economy.
This morning, the European Commission cut its growth outlook for the world's largest economic bloc due to ongoing trade concerns and other factors. Its growth rate is dismal – clocking in at just 1.3% for 2019, down from 19% from last year. The report raises new concerns about further global economic slowdown.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Here's What My Two Favorite Bankers Think About Tax Reform
Last week, we talked about what the "too-big-to-fail" banks were saying on their earnings calls.
Now, investors have to know what these mega-banks are up to, because they're the 800-lb gorillas of the market, but I don't own a single one of those.
As I mentioned a couple of weeks ago, I like regional banks, because they offer what I like the most: unreasonably good returns.
Naturally, I never miss an earnings call from these guys.
Especially on the first earnings call after the biggest tax reform since 1986 has been passed.
Wells Fargo Scam Not Unique - Other Banks Do the Same Thing
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The evidence is mounting that the Wells Fargo scam was not unusual practice in the banking industry, which means investors need to brace for similar scandals at other banks.
The heavy pressure on workers to "cross-sell" multiple products to the same customer is what got Wells Fargo into hot water – and is accepted practice at most consumer banks.
These are the banks most likely to end up in regulators' crosshairs next...
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