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Major Banks Downgraded by S&P

Joel Anderson | Equities.com |

Standard and Poor's Rating Services announced that it was downgrading the credit ratings for several of the country's biggest banks. S&P dropped ratings for Bank of America (BAC), Citigroup


Equities Sector Coverage: Black Friday, EU Rumors Boost Market

Sector Recap | Equities.com |

New Home Sales rose by a less than expected 1.3% in October to an annual rate of 307,000, as the inventory stays at a record low of 162,000 units. On Tuesday Consumer Confidence should improve to


Equities Sector Coverage: U.S. Employment Improves, Overshadowed By Europe

Sector Recap | Equities.com |

Initial Jobless Claims declined to 388,000 last week, but remains well above the 350,000 recessionary threshold. Housing Starts fell 0.3% to an annual rate of 628,000 in October with Permits at


American Financial Markets Soothed by Italians

Joel Anderson | Equities.com |

The Italian Senate provided markets with much-needed relief after passing the austerity reform required by the EU bailout package by a vote of today, prompting a buying spree on markets around the


Equities Sector Coverage: Weak Outlook From Fed Drags Market

Sector Recap | Equities.com |

The Consumer Price Index rose 0.3% in September and was up 3.9% year over year. Housing Starts rose 15.0% in September to an annual rate of 658,000 with Building Permits down 5.0% at an annual


Equities Sector Coverage: Wall Street Extend Gains As Stocks Push Higher

Sector Recap | Equities.com |

Challenger, Grey and Christmas reported that planned layoffs rose to 115,730 in September to levels not seen since April 2009. ADP reported to the contrary that the private sector added 91,000


Equities Sector Coverage: Friday Jobs Data Unnerves Market Investors

Sector Recap | Equities.com |

Initial Jobless Claims came in at 409,000 well above the 350,000 recessionary threshold. Nonfarm productivity declined 0.7% in the second quarter, the steepest decline since Q4 2008. Unit labor


Equities Sector Coverage: Stocks End Week On High Note, Financials and Utilities Fall Lower

Sector Recap | Equities.com |

Retail Sales in July rose by 0.5%, slightly below expectations, but with the biggest gain since March. The University of Michigan consumer sentiment survey declined from 63.7 to 54.9 in August,


World Economic Forum at Davos 2019 - Joseph Weinberg CEO PayCase, Chairman Shyft

Matt Bird sits down with Joseph Weinberg CEO PayCase, Chairman Shyft at the World Economic Forum at Davos 2019