Dollar Gains Across The Board As Powell Sticks To Script Via Reuters: The dollar rose to multi-month highs against the euro, yen and Swiss franc on Friday after Federal Reserve Chair Jerome Powell expressed no concern about a recent sell-off in bonds and stuck to his stance of keeping interest rates low for a long time. At a Wall Street Journal forum on Thursday, Powell said the sell-off in Treasuries […]
Tech pulls stocks lower as bond yields continue upward march Via AP News: Technology companies led another broad sell-off on Wall Street Thursday as a spike in bond yields put more pressure on the market’s high-flying stocks. The S&P 500 fell 1.3%, its third straight loss. The benchmark index, which briefly dipped into the red for the year, is on track for its third consecutive weekly loss. Just four days […]
Newly unsealed court filing alleges ad firm tried to set up 'Papa John' to look racist Via JustTheNews: A federal court has unsealed a complaint that alleges a "secret plot" against the former CEO of Papa John's Pizza, John Schnatter, by an ad firm working for the pizza franchise, intending to make the founder look racist and damage his brand. Laundry Service, a branding company hired by Papa John's to […]
Disney shuttering at least 20% of Disney Stores as it shifts focus to e-commerce Via CNBC.com: Disney said Wednesday that it will close 20% of its brick-and-mortar Disney Store locations before the end of the year as part of a bigger focus on its e-commerce business. At least 60 of its North American locations will close, the company said, citing changing consumer behaviors and a desire to link its online shopping […]
Stocks climb as Treasuries stabilise Via Reuters: Global shares gained on Wednesday, with European indexes echoing positive moves in Asia, as a retreat in U.S. Treasury yields fuelled demand for riskier assets and weakened the dollar. The Euro STOXX 600 added 0.7%, with Frankfurt shares climbing 0.9% to a record high and London’s FTSE adding 1.3% before the UK’s new budget is introduced, with measures to boost the economy. Carmakers […]
Robinhood Is Facing Almost 50 Lawsuits over GameStop Trading Frenzy Via Breibart: A recent report from the New York Times states that the stock trading platform Robinhood is facing almost 50 lawsuits directly related to the recent GameStop trading frenzy. The New York Times reports that Robinhood, one of the most popular brokerages for online traders, is currently in talks with securities regulators and other authorities over a number of issues including last month’s major […]
Wall Street ends lower as Apple and Tesla retreat Via Reuters: Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package. Following strong gains in the prior session, technology shares dipped in the resumption of a rotation by investors out of stocks that outperformed due to the coronavirus pandemic and into others […]
BONDS 10-year Treasury yield continues to retreat from last week’s high Via CNBC: U.S. Treasury yields fell on Tuesday morning, with investors expected to be watching for comments on the economy in key speeches later in the day. The yield on the benchmark 10-year Treasury note fell to 1.426% at 3:50 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.206%. Yields move inversely to prices. Treasury yields ebbed lower, with the […]
Ford Wants Its Cars Back From The NRA Amid Gun-Rights Group's Bankruptcy Via Just The News: Ford wants a federal bankruptcy court to seize cars leased to the National RifleAssociation amid the gun-rights group’s bankruptcy. The Ford Motor Company asked a federal court Feb. 24, to seize all cars leased to the NRA and cancel all leasing agreements after the group missed its January payments. The company said in court […]
Mike Church offers no-holds barred commentary on the moral & political decay of the modern world but unlike all other hosts, Mike offers solutions to these ills, solutions rooted in the wisdom of the Fathers, founding and Church!
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