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Benzinga Quote: 3 Experts Weigh In Before Retail Sales Report
The U.S. Census Bureau will release its inflation-adjusted retail sales figures for the month of May tomorrow at 8:30 a.m. ET. Forecasts expect a 1.1 percent increase month-over-month. In April, retail sales were flat. Retail sales are considered the foremost indicator of consumer spending, which still constitute about 70 percent of the American economy. Benzinga…
CNBC: Dow sheds 200 points as IBM weighs; Fed eyed
11.9.15 12:00pm EST U.S. equities traded sharply lower Monday as investors weighed a possible Federal Reserve rate hike in December. “It’s a pretty light week [in terms of data],” said Randy Frederick, managing director of trading and derivatives at Charles Schwab. “Aside from that, it’s going to be a continuation of this conversation about a…
Adam Sarhan IBTimes Quote: ANALYSIS: Iceland's Economic Woes, Which Have Lingered For 5 Years, Could Threaten A Euro Zone That Is Emerging From Recession
By Christopher Harress August 16 2013 12:10 PM This week marked a transition many Europeans have been waiting for: The euro zone has come out of recession for the first time since November 2011, posting growth of 0.3 percent in the second quarter, slightly above analyst expectations.The figure reflects both growth of 0.7 percent and 0.5…
Monday Recap: Sarhan in CNBC: Stocks close more than 1% higher after Fed's Brainard speaks; telecoms jump 2%
Monday, September 12, 2016 4pm EST U.S. stocks closed sharply higher on Monday after a key Federal Reserve official advised “prudence” with regards to interest rates. “I think there is a bit of a sigh of relief because a dovish Fed official came out and was dovish,” said Anna Rathbun, director of research for CBIZ…
Adam Sarhan Reuters Quote: Commodity traders more cautious than optimistic on QE3
By Barani Krishnan Thu Sep 13, 2012 8:04pm EDT (Reuters) – For commodity markets, the third iteration of U.S. central bank stimulus may play like many movie sequels — a familiar plot, a predictable rise, yet less potent than the original. But the Federal Reserve has introduced a new twist on its latest round of…
Reuters: Wall Street turns red after Fed statement
Business | Wed Jan 27, 2016 2:37pm EST Wall Street erased gains and fell on Wednesday after the U.S. Federal Reserve failed to satisfy investors hoping for a stronger sign it might scale back future interest rate hikes. In a widely expected decision, the Fed kept interest rates unchanged and it said it was “closely…
