El-Erian: Jobs Number Creates ‘Tricky Situation’ For Fed
The U.S. created 151,000 jobs in August, short of the 180,000 economists were predicting. The latest disappointing jobs number comes after two straight months of strong gains.
The U.S. created 151,000 jobs in August, short of the 180,000 economists were predicting. The latest disappointing jobs number comes after two straight months of strong gains.
The U.S. created 151,000 jobs in August, short of the 180,000 economists were anticipating. While analysts and investors speculate about whether or not the low number is simply a fluctuation or a signal that the economy may be weakening, another major data point indicates that all is well.
Smith & Wesson Holding Corp SWHC 1.25% reported a big Q2 earnings beat and delivered guidance well above consensus analyst expectations for next quarter. Unfortunately for shareholders, the brilliant Q2 report was overshadowed by disappointing National Instant Criminal Background Check System (NICS) data for the month of August.
The incredible summer volatility in Skypeople Fruit Juice Inc SPU 2.15% has spilled over into September, as shares of the Chinese fruit juice company were surging more than 13.5 percent in early Friday trading.
On August 24, the Patent Trial and Appeal Board (PTAB) invalidatedTeva Pharmaceutical Industries Ltd (ADR) TEVA 1.63% ‘250 and ‘450 mg/mL Copaxone patents. This week, the PTAB invalidated the remaining ‘302 patent as well.
Abercrombie & Fitch Co. ANF 0.06% continued its post-earnings slide on Thursday morning, falling another 1.6 percent. The stock is now down 24.1 percent after reporting a loss of $0.25 per share on revenue of $783.1 million, well short of consensus estimates of -$0.02 and $787.7 million.
Holiday shopping season is now right around the corner, and toy makers Mattel, Inc. MAT 2.28% and Hasbro, Inc. HAS 1.69% are gearing up for their most important part of the year.
Twenty-First Century Fox Inc FOXA 4.77%’s Fox News has agreed to a $20 million settlement with former anchor Gretchen Carlson over a sexual harassment lawsuit she filed earlier this year against former boss Roger Ailes. The settlement was a tough blow for Fox and its investors, but it’s not nearly the largest sexual harassment payout…
A SpaceX rocket exploded on a launch pad in Cape Canaveral on Thursday morning, destroying the rocket and the satellite it was carrying. According to SpaceX, the explosion was an “anomaly” and there were no injuries involved.
Even the best investors in the world sometimes make bad trades. The next time you’re kicking yourself about making a bad investment, try to remember that even these legendary investors whiff badly on occasion.