China’s record crude oil imports built on robust fundamentals, temporary boosts
China’s record imports of crude oil in October are without a doubt a bullish outcome, but within the broader pattern of growing demand there were some temporary factors lifting purchases.
Apple was the top-selling mobile phone brand on Alibaba platforms during Singles Day
Apple topped the list of mobile phone vendors with the highest gross merchandise value (GMV), beating Chinese companies like Huawei and Xiaomi.
Third-quarter U.S. profit growth on track to be highest since 2010
U.S. earnings growth for S&P 500 companies in the third quarter is on track to be the highest since 2010, eclipsing the strong results from earlier this year, according to IBES data from Refinitiv.
US Christmas sales predicted to surpass $1 trillion for the first time this year
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer.
US Treasury yields jump after better-than-expected jobs report
U.S. government debt prices ticked lower as investors looked ahead to the release of October nonfarm payrolls data.
US factory orders increase more than expected in September
New orders for U.S.-made goods increased more than expected in September, but softening business spending on equipment suggested the manufacturing sector could be slowing.
Bank of America Merrill Lynch’s near-perfect market indicator is pointing to a strong buy
The continuing deterioration in investor sentiment is triggering a buy signal from a measure that has a 94 percent success rate.
Consumer confidence rises to an 18-year high in October
U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.
Never Mind the Fed: Reliable S&P 500 Rescuer Poised to Return
While investors debate whether the Federal Reserve will rescue stocks, one reliable source of support for the market is poised to return.
Nobel Prize winner Robert Shiller: I don’t expect a sharp turn in the housing market
The housing market may be slowing down, but Yale economist Robert Shiller says he isn’t fearful that a big downturn is ahead.