Last week, Warren Buffett turned 90 years old. He chose to do something special. With the truck loads of cash that he is holding he invested $ 6 billion into 5 of the top Japanese general trading houses or “sogo sosha” as they are known in Japan.
These companies are mostly diversified conglomerates,
Everyone who was reading our reports yesterday was prepared for the big correction in stocks yesterday! Some of our traders made serious money off this! Recall that we mentioned that stocks were having trouble with all time highs and that it was realistic for a correction before they could make a ru
Here is what you need to know on Friday, August 14:
The US dollar has been gaining ground once again as the bond-yield pendulum swings up again. Washington's fiscal impasse, a weak bond auction, upbeat jobless claims, and Sino-American relations will make way for retail sales figures for July.
Speaking at the US-India Business Council’s India Ideas Summit on Tuesday, India’s Commerce Ministry Piyush Goyal said that India and the US are likely to strike a trade deal soon.
“In the long term, I believe we have a quick trade deal which has some of the pending matters built up over
The Spanish regulator CNMV (National Securities Market Commission) revealed today it has submitted a proposal of Circular to public consultation that will develop the Order EHA 1717/2010, of June 11, of regulation and control of advertising for services and investment products, Fi
The outlook for the US economy remains highly uncertain and we may not see the effect of the recession right away due to all the stimulus, Jamie Dimon, CEO of JPMorgan, the largest U.S. lender, said on Tuesday, according to Reuters.
We are just guessing. . . We are prepared for the wor
The International Monetary Fund on Wednesday forecast a deeper recession for this year and a slower and uncertain recovery for next year after the coronavirus, or Covid-19, pandemic plunged the global economy into a crisis like no other.
The global economy is set to shrink 4.9 percent this year, whi
China’s May Retail Sales YoY, the number arrived at -2.8% vs. -2.0% exp and -7.5% last, with Industrial Output YoY at +4.4% and +5.0% exp and +3.9% last.
The sales fell for four straight months as shops, restaurants and other crowded places closed during the pandemic.
Meanwhile, Fixed Asset Investm
EURJPY 123.86 +0.12% CONTINUATION IDEA
GOOD DAY EVERYONE HERE'S A LONG IDEA ON THE EURJPY PAIR, THE EUR HAS BEEN HAVING A GREAT WEEK LETS SEE IF WE CAN END THIS WEEK IN THE SAME ENERGY, NOW THE PAIR BROKE RESISTANCE AND WENT TO RETEST THE STRUCTURE SIGNALING A POSSIBLE CO
Indian shares look set to open higher on Tuesday, tracking gains in other Asian markets and U.S. index futures as corona infection rates moderated around the world and Japan lifted the Covid-19 state of emergency in the five remaining prefectures still under restrictions, including Tokyo.
AUD/USD probes the 100-day average hurdle in Asia.
That technical line has capped gains twice in the last two weeks.
AUD/USD is again struggling to post a convincing break above the 100-day average, currently located at 0.6535.
The pair failed to close above the key hurdle on Friday, having turne
With 30M people filing for unemployment insurance since March 21st, the precipitous drop in nonfarm payrolls of 20.5M was not a surprise. However, the drop in employment over the past two months has all but erased the job gains since February 2011. In turn, the unemployment rate increased at histori