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Economy News

Wed, Feb 21st, 2018
Ford ousts top exec over 'inappropriate behavior'

DETROIT (AP) — Ford Motor Co. has ousted one of its top executives over allegations of inappropriate behavior.

F : 10.60 (-0.28%)
Florida workers' pension fund invested in gun manufacturers

TALAHASSEE, Fla. (AP) — Florida's main pension fund for state workers and teachers has a half-million-dollar stake in the company that makes the rifle used in the shooting at Marjory Stoneman Douglas...

Fed officials: Stronger economy boosts chance for rate hikes

WASHINGTON (AP) — Federal Reserve officials at their January meeting saw a brightening global economic picture and the effects of recently passed tax cuts raising the prospect for solid growth and continued...

Moody's upgrades Greek credit rating by 2 notches to B3

ATHENS, Greece (AP) — Moody's ratings agency upgraded Greece's credit rating by two notches late Wednesday to B3, saying the country is set to return to market-based funding following the conclusion...

MCO : 166.99 (-0.68%)
Spike in bond yields upends US stock market rally

U.S. stocks closed broadly lower Wednesday, erasing an early gain, as investors reacted to a late-afternoon surge in bond yields.

ZION : 55.86 (+1.62%)
How major US stock indexes fared Wednesday

A late-afternoon sell-off pulled U.S. stocks broadly lower Wednesday for the second straight day.

Canada, Mexico officials: trade pluses should outweigh fear

TEMPE, Ariz. (AP) — Senior Canadian and Mexican officials on Wednesday expressed frustration with current American skepticism about free trade, saying the benefits for all three countries should be kept...

Argentina truckers gridlock traffic to protest Macri reforms

BUENOS AIRES, Argentina (AP) — Tens of thousands of Argentines joined a demonstration on Wednesday organized by truckers and other labor unions in the first major protest so far this year against President...

Trump Jr: 'Nonsense' that family's profiting from presidency

NEW DELHI (AP) — Donald Trump Jr. said that any talk of his family profiting from his father's presidency is "nonsense" during a trip to India that has raised ethical concerns about using the name of...

Top Greek politicians facing probe over pharma scandal

ATHENS, Greece (AP) — In a heated debate set to last more than 14 hours, Greek lawmakers were to decide on whether to launch an investigation into 10 senior politicians, including two former prime ministers,...

Bank of England's Carney predicts UK living standards boost

LONDON (AP) — Bank of England Governor Mark Carney sought Wednesday to quantify the short-term hit of Brexit to British households, but expressed hope that living standards will finally start to improve...

President says Egypt 'scored a goal' with Israel gas deal

CAIRO (AP) — The Egyptian president declared on Wednesday that his country "scored a goal" by signing a $15 billion deal with an Israeli company to supply natural gas that will help turn Egypt into a...

Money an issue as many businesses don't give caregiver leave

NEW YORK (AP) — Within three months, one of MacLaren Cummings' staffers passed away from cancer and then both his own mother and the mother of an employee were diagnosed with breast cancer. Although...

Sales of US homes fall year over year by most in 3½ years

WASHINGTON (AP) — U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale....

Latvian official misses ECB meeting as investigation deepens

RIGA, Latvia (AP) — Latvia's banking chief missed a meeting Wednesday of the European Central Bank's top council, amid a suspected corruption scandal that is rattling confidence in the Baltic state's...

US home sales fell 3.2 percent in January, post biggest annual decline in 3 years

WASHINGTON (AP) — US home sales fell 3.2 percent in January, post biggest annual decline in 3 years.

Edmunds: How to get the most out of your trade-in

About 40 percent of people shopping for a new car in 2018 will have a vehicle to trade in, according to Edmunds transaction data. And it's safe to say that 100 percent of those people will want to get...

Asian retailer Lotte accepts resignation from jailed co-CEO

SEOUL, South Korea (AP) — Asian retail and chewing gum giant Lotte has accepted the resignation of its co-CEO after he was convicted of bribery and embezzlement in a wide-ranging corruption scandal that...

Air France says long-haul flights impacted by strike action

PARIS (AP) — Air France says that half of its long-haul flights departing from Paris will not operate for 24 hours during a strike over pay.

Australian leader off to US for talks with Trump, governors

CANBERRA, Australia (AP) — Prime Minister Malcolm Turnbull heads to the United States on Wednesday, accompanied by the largest Australian political and business delegation ever to visit the U.S.

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps ( ESH18 unch) this morning are down -0.05% and European stocks are down -0.57% after European manufacturing activity slowed more than expected this month. Losses were contained as the 10-year... Read More

Chart of the Day

Match Group Inc CS (MTCH)

Match Group (MTCH) is the Barchart Chart of the Day.  The popular on-line dating company has a Trend Spotter buy signal, a Weighted Alpha of 190.79+ and gained 152.84% in the last year.
Read More

Brugler Ag Report

Today's Commentary

Corn futures showed fractional gains on Wednesday. The weekly EIA report will be delayed until Thursday morning, as ethanol production fell to 1.016 million bpd in last week’s report. Ahead of the USDA Ag Outlook Forum, a Reuters survey of anal...
Read More

Alan Brugler writes this daily agricultural markets overview with opening, midday and closing comments directed at the gain and meat Ag markets.

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