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Reuters Quote: Fed raises rates for first time in nine years
Economy | Thu Dec 17, 2015 3pm EST The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank’s policy-setting committee raised the range of its benchmark interest rate by…
Adam Sarhan Reuters Quote: COMMODITIES-Gold, cocoa surge; other U.S. markets quiet after snowstorm – RTRS
COMMODITIES-Gold, cocoa surge; other U.S. markets quiet after snowstorm – RTRS 03-Jan-2014 16:19 (Recasts with rally in coffee; updates with settlements in CRB, gold and cocoa) By Barani Krishnan NEW YORK, Jan 3 (Reuters) – Gold rose to two-week highs on Friday and coffee and cocoa also rallied while many other commodities fell after a snowstorm slammed…
Adam Sarhan Reuters & CNBC.com Quote: Gold Settles Above $1,750 as Dollar Drop Sparks Rally
Published: Friday, 23 Nov 2012 | 2:34 PM ET Gold futures settled above $1,750 an ounce for the first time in more than a month on Friday, gaining as dollar weakness and options-related buying triggered a technical breakout. After trading slightly higher in early U.S. dealings, gold surged suddenly to above its 50-day moving average, a…
The Old Timers Aren't Bullish On Stocks… Are You?
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Sarhan in CNBC: Dow, S&P Extend Losing Streak To 4 days; Nasdaq Gains
U.S. stocks closed mostly lower on Wednesday as investors digested remarks from Fed Chair Janet Yellen, as well another choppy trading in oil. “It’s a lack of bullish impetus,” said Adam Sarhan, CEO of Sarhan Capital. “Anytime you see the market trying to rally, you get strong selling pressure.” Leading the three major indexes was…
Adam Sarhan Reuters Quote: Deutsche Bank quits commodities, but keeps index funds
Thu Dec 5, 2013 6:18pm EST By Barani Krishnan Dec 5 (Reuters) – Deutsche Bank, which is quitting trading in most raw materialsmarkets, will retain its near $9 billion commodities index fund business, a strategy industry experts said helps the German bank profit from fees and maintain ties with some of the largest investors. It also shows that…
