Sunday, July 19, 2015
Last Friday Google stocks surges by 16% that helps Nasdaq setting a new record high. The 16% sudden increase in Google's publicly traded stock resulted to additional $65.1 billion in shareholder wealth, on paper.
Google's surge came after the search engine company reported quarterly earnings that exceeded analyst estimates for the first time since late 2013. The company's inability to hit the targets that steer investors had raised doubts about Google that had caused its stock to lag the rest of the market since the end of 2013.
Other players, Honeywell global Inc (HON) were up by 1.9% or $2.04 to $105.61. Yahoo, which holds a large stake in Alibaba, increased by 2%. Consumers remained upbeat about employment and wages. The railroad’s gain helped boost the Dow Jones Transportation Average by 0.7 percent.
Tuesday, July 7, 2015
German Finance Minister Wolfgang Schaeuble said that Berlin refuse to give Greece an actual debt cut when he arrived at a meeting with his counterparts in the 19-country Eurozone.
He said that without an aid program it is not possible to help Greece within the framework of the Eurozone. Berlin is reluctant to consider a debt cut for Greece. The Greece is asking for a debt relief to be near the top of bailout discussions. It doesn't necessarily mean an actual reduction in the amount owed but an extension to the country's repayment schedule.
Schaeuble said actual debt cuts are banned under European rules.
Lithuania just began using the euro currency this 2015 and doesn't want the 19-country single currency club to start losing members now. Lithuanian Finance Minister Rimantas Sadzius said a Greek exit "is not an option for us," as arrived for the meeting of Eurozonefinance ministers in Brussels to discuss a possible new bailout deal for Athens.
Sadzius said he believes common ground can be found. Greece's new finance, Euclid Tsakalotos is set to unveil new proposals to his peers in the Eurozone.
"In politics, there is always room for compromise," said Sadzius. "We believe that the Eurozone should expand rather than contract."
Wednesday, June 24, 2015
German business morale is down again for a 2nd straight month in June according to a survey. Concerns about the Greek debt crisis has been affecting them negatively. The survey which is called the Ifo business climate index was conducted by Ifo Institute for Economic Research. It is based on a monthly survey of some 7,000 firms, it dropped to 107.4 in June from 108.5 in May.
Greece needs cash to save them from defaulting their loan from the IMF next week. Fears about the risk of a default have prompted savers to withdraw billions from Greek banks, forcing the European Central Bank to increase emergency liquidity assistance to keep them afloat.
German economic growth slowed to 0.3% in the first quarter, with no improvement is sight.
Wednesday, June 17, 2015
Right now China's stock market is worth over $10 trillion with the Shanghai Stock Exchange had a total market cap of $5.9 trillion while the Shenzhen Stock Exchange is at $4.4 trillion (World Federation of Exchanges), meaning there is $10.3 trillion in China's stock market since both the Shanghai and Shenzhen has been surging this year. The benchmark Shanghai Composite is up nearly 60% since January 1, and the Shenzhen Composite has skyrocketed by 120%, easily making it the world's best-performing market.
The crazy rise has pushed the Shanghai Stock Exchange up the ranks to become the world's third-biggest by market cap, behind the New York Stock Exchange at nearly $20 trillion and Nasdaq at $7 trillion.
81% of retail investors in China trade at least once a month, according to a State Street survey published earlier this year. American investors traded just 53% while French investors traded 32% monthly.
Top stock exchanges by market cap:
- New York Stock Exchange - $19.7 trillion
- NASDAQ OMX - $7.4 trillion
- Shanghai Stock Exchange - $5.9 trillion
- Japan Stock Exchange - Tokyo - $5 trillion
- Shenzhen Stock Exchange - $4.4 trillion
- Hong Kong Stock Exchange - $3.96 trillion
- Euronext - $3.5 trillion
Saturday, June 6, 2015
There are concern about US economy is slowing, but this has not affected the job market as the government announce last Friday that businesses 280,000 jobs in May. The unemployment rate is up by 5.5% from 5.4%.
However, wages is barely rising above inflation, because of a limited the economy’s growth. Education and health has contributed an additional 592,000 jobs (2.8% gain). Healthcare has been boosted by the medical demands of aging population and the expansion of health insurance under the Affordable Care Act.
People who were surveyed said they had to skip some medical care for lack of money, and could not cover an unexpected emergency that cost $400.
Saturday, May 30, 2015
Almost all the Cable TV providers got the lowest scores possible for value. Customers seems always dissatisfied with pay TV and Internet providers, they consistently receive poor ratings. Most of the complaint are rising monthly bills, poor customer service and little flexibility in packages. It has plagued major players like Comcast, Time Warner Cable, and others.
In the latest Consumer Reports survey, it asked customers to rate TV, Internet, and phone services, as well as bundled packages, and the ratings for value was so bad 38 out of the 39 Internet services, and 20 out of the 24 TV providers, received the lowest possible scores possible and 19 out of the 20 bundles have also received poor scores.
Time Warner Cable and Charter Communications are in the bottom of the pack along with Comcast.
Here's the report
Thursday, May 21, 2015
US citizens who are filing new claims for unemployment benefits went up last week. The initial jobless claims went up by 10,000 to a seasonally adjusted 274,000 in the week ended May 16 according to the Labor Department. The forecast was 271,000.