#Stockmarket#investors are sending Fed’s Jerome Powell a crystal-clear message
The Federal Reserve is bent on normalizing interest rates from crisis-era levels. Who can blame policy makers for wanting to reassert policy order in an economy that no longer appears to require easy-money programs and is enjoying its lowest unemployment rate since 1969?
However, Wall Street investors appear to be signaling that it can’t withstand an unabated pace of rate increases from Federal Reserve Chairman Jerome Powell. “The market is saying that the pace is a little too fast,” said Jeremy Siegel, professor of finance at University of Pennsylvania’s Wharton School of Business, and the man who forecast the Dow Jones Industrial Average DJIA, +0.67% would soon see 20,000 at the end of 2015.
During an episode of CNBC’s Closing Bell segment, Siegel Tuesday afternoon said “the market is clearly worried about over-tightening of the Fed.”
Indeed, the Dow has shed about 950 points over the past two sessions, the S&P 500’s SPX, +1.04% skid on Tuesday marked its worst start to a Thanksgiving week of trade since 1982 and the Nasdaq Composite Index COMP, +1.62% is down 14.8% from its Aug. 29 closing record.
The Fed is widely expected to lift interest #rates by a quarter of a percentage point at the conclusion of its two-day, rate-setting meeting on Dec. 19.
Stock-market bulls hope midterms revive upside #momentum
#Stockmarket bulls tentatively finding their footing after a brutal October must now prepare for a pair of events in the week ahead that could throw financial markets for loop: U.S. midterm elections and a Federal #Reserve policy meeting.
Tuesday’s congressional elections are expected to see the Democrats wrest control of the House of Representatives and Republicans retain control of the Senate. But market participants are acutely aware that many polls were wrong in the run-up to the last big U.S. vote — the 2016 presidential election.
The big question for financial markets is whether gridlock in Washington will prevail, and the answer is likely to be yes, said Mike Hanson, senior vice president of research at Fisher Investments.
A split Congress “is most likely to lead to legislative gridlock, but wouldn’t necessarily weigh on the markets or real economic growth,” wrote Paul Ashworth, chief U.S. economist at Capital Economics.
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#Intel#stock rallies on raised outlook, earnings beat for server and PC sales
Intel Corp.’s beleaguered shares rallied in the extended session Thursday after the #chip giant raised its outlook for the year and soundly beat Wall Street estimates in its largest business segments.
Intel INTC, +1.42% reported third-quarter net income of $6.4 billion, or $1.38 a share, compared with $4.52 billion, or 94 cents a share, in the year-ago period. Adjusted earnings were $1.40 a share. Intel was expected to post adjusted earnings of $1.15 a share, according to analysts surveyed by FactSet.
Revenue rose to $19.16 billion from $16.15 billion in the year-ago period. Wall Street expected revenue of $18.13 billion from Intel, according to the FactSet consensus.
Seems the count has been correct so far and #aapl is reacting to the daily resistance appropriately. Its sitting near an hourly support yet bears seem to be having the upper hand. #apple#stock#stocktowatch
Jonathan Hamel Appointed as Vanstar’s Chief Strategic Development Officer
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LA PRAIRIE, Quebec, Sept. 20, 2018 (GLOBE NEWSWIRE) -- The management of Vanstar Mining Resources Inc. (the “Company”) (TSX.V:VSR)(Frankfurt:1V8) is very pleased to announce the appointment of Mr. Jonathan Hamel as Chief Strategic Development Officer (CSDO) of the Company.
With his expertise and experience in the emergent field of Blockchain technology, Mr. Hamel will be responsible, as a first step, to put in place the resources required for the realization of a proof of concept necessary for the development and implementation a multi-functional transactional platform related to the sports and mining sectors.
"The appointment of Mr. Hamel as leader of Strategic Development is a big step forward. We are confident that his expertise and skills will greatly assist the Company's development in the short and medium term and we are proud of his participation on the team. " Said Guy Morissette, CEO of the Company.
Mr. Hamel has recognized expertise in various emerging markets where he has contributed to several mobile payments and alternative banking projects. A pioneer of the Bitcoin technical community in Canada, he has promoted these technologies in numerous financial and technological events around the world. Mr. Hamel also acts as an Associate Researcher at the Montreal Economic Institute on economic and social issues related to Blockchain and Bitcoin and is also a member of the Advisory Committee on Technological Innovation of the Autorité des Marchés Financiers ( AMF). "I am very pleased to have the opportunity to actively participate in the development of original and innovative technological concepts using Blockchain technology. It's a big challenge for me and it's very motivating," said Hamel.
The Company has working capital to make a first exploratory step in the technology sector without having to change, for the moment, the nature of its operations.
Solar Alliance Energy. Stock has had over 2 Million shares bought today. The company is putting many strategic moves into place. Do some research on the stock as it is up 22% today alone. I own this stock and some predictions are saying it will go to $.31. Current stock price is $.11.