News and Trends

July 25, 2017

Stocks are ignoring U.S. political uncertainty, but the dollar isn’t- Market Watch--7.25.17
According to experts, the continuing controversy surrounding President Trump has had an impact on the U.S. dollar. Recently, the dollar has dropped to its lowest level since June 2016.

Protect against the fastest-growing crime: cyber attacks- CNBC--7.25.17
Cyber theft is the fastest-growing crime in the U.S. and has cost the global economy more than $450 billion in 2016 with more than 2 billion person records stolen.

A Mystery Investor Just Made A $262 Million Bet That The Stock Market Will Crash By October- Zero Hedge--7.24.17
A mysterious trader made an extremely large bet that the stock market is going to crash by October. If they are right, they could potentially make up to $262 million on the deal.

IMF Sharply Lowers US Growth Forecasts As Hopes For Fiscal Boost Fade - Zero Hedge--7.24.17
The International Monetary Fund has made a decision to lower U.S. growth forecasts. The IMF has made this decision based on the assumption that "fiscal policy will be less expansionary than previously assumed."

Diving dollar causing turmoil with global markets, German stocks drop nearly 2% - CNBC--7.21.17
A sharp two-day drop in the dollar sent global equities reeling on Friday. The dollar sold off after ECB President Mario Draghi said the ECB will discuss monetary policy tightening in September.

Spicer Resigns As Trump's Press Secretary, Scaramucci Appointed White House Communications Director- Zero Hedge--7.21.17
White House press secretary Sean Spicer has resigned following the appointment of New York financier Anthony Scaramucci as communications director. It was later announced that Spicer's position would be filled by Sarah Huckabee Sanders.

Are investors losing their faith in the central banks?- CNBC--7.20.17
Investors are growing increasingly concerned that central banks' monetary policy has proven to be too accommodative. A new study found that there is an increasingly apprehensive view of global central banks and their role in monetary policy and economic stimulus.

Another blow for heartland workers: Slashed pensions - CBS News--7.20.17
The pension of thousands of retired Ohio iron workers had their pension cut by more than half. At least 50 other Midwestern pensions plans are in this same condition.

Bank of America experiences system outage for some customer accounts - Financial Times--7.19.17
Customers of Bank of America have been locked out of their accounts in a system outage that lasted several hours. One individual was unable to have a check delivered before a home purchase.

Trump: 'We'll let Obamacare fail'- CNN--7.18.17
The collapse of the Republican bid to repeal and replace Obamacare, alongside chaos surrounding the Russia scandal, has been preventing the Trump agenda from progressing.

Americans Working Longer Than Ever as Retirement Becomes Elusive- Newsmax--7.18.17
The latest U.S. government jobs report showed that older Americans are working longer than ever, not because they lack the ability to retire, but because they are not financially able to.

Four key sectors to watch closely this earnings season- Market Watch--7.17.17
Investors need to brace for what will be a key test of sentiment. The second-quarter earnings season has kicked off and companies need to show earnings growth to boost investor confidence.

Is America On the Verge of Another Debt Ceiling Crisis?- The National Interest--7.16.17
The Congressional Budget Office is now projecting that sometime this October the U.S. Treasury will have to deal with the debt ceiling again.

Dollar looks worse for wear, breakout fails after Yellen comments, weak inflation - CNBC--7.14.17
After weak CPI inflation data, the dollar index sank to a new low of 95.186 on Friday, the lowest since September of last year. According to one analyst, there is not much on the near-term horizon that will drive the dollar higher.

Consumer sentiment falls again in July as Trump euphoria wears off- Market Watch--7.14.17
Consumers were optimistic at the start of the Trump presidency, but those early hopes have faded as gridlock in Washington persists. The outlook of consumers is now back to where it was before the November election.

Yellen backtracks: 'We can never be confident there won't be another financial crisis'- CNBC--7.13.17
Fed Chair Janet Yellen took back comments she made about there not being another financial crisis "in our lifetime." Instead she said "we can never be confident that there won't be another financial crisis."

Verizon data breach: 14 million customers reportedly exposed - Fox News--7.12.17
Millions of Verizon customers have been exposed after an Israeli tech company left user data unprotected. As many as 14 million customers have been exposed.

The U.S. stock market is 66% higher than it should be - Market Watch--7.12.17
As major indices hit all-time highs and technical trading patterns surfacing in long-term chart patterns last week, potential reversal signals are on a technical basis.

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