From The Trading Floor; Equities are trading in negative territory this morning, booking profits after 10 straight days of increases and after a measure of consumer confidence unexpectedly dropped for the month of February.
The consumer price index for February rose 0.7% on the month, slightly more than the 0.6% expected, and was up 0.2% if the food and energy components are excluded, in line with projections.
The Federal Reserve Bank of New York's Empire State index of manufacturing activity in March declined slightly to 9.24, while the index was expected to hold steady at 10
Industrial Production rose more than forecast (0.7%) in February as U.S. factories turned out more business equipment and motor vehicles
March University of Michigan Confidence drops to 71.8, the lowest level since December of 2011
The second round of stress tests revealed that the Federal Reserve sees "weaknesses" in...
That's the old way of doing business. The future will see more customized, brand focused addresses. For example, instead of going to an internet address such as Boston.com /sports you would be directed to sports.boston. Should you be more interested in local concerts you would go to music.boston and if you get a ticket on the way home you could go to dmv.boston.
We spoke a great deal about these upcoming changes in domains at the Digital Marketing & gTLD Strategy Congress. The event, put together by Momentum Event Group, included an international audience with presenters from familiar names like Citibank, IBM, Google, L’Oreal, Neustar and the Boston Globe to companies you may soon here more about such as Donuts and DotGreen Community. The attraction for the motley crew of companies was an opportunity to...
We helped to put the event together because Capital Link has strong ties to the IR community, and we see value in increasing the conversation and understanding between CR and IR. The speakers included many leaders in the CR field, as well as both mainstream and SRI investors and analysts.
Ahead of the Bell: Dow futures are trading down 2 points and S&P futures are trading down 2 points. Investors are taking a pause to assess the recent run up in US equities after the DJIA gained for a 10th straight trading session, while the S&P 500 closes in on its all-time high. Bank stocks will be in focus today, after the Federal Reserve ruled Thursday on its latest stress test. Banks immediately hiked dividends and announced share buyback programs shortly following the news yesterday. Concerns over weaker economic data, along with inflation in China have dampened investors’ appetite for riskier assets temporarily.
On the economic calendar today, March empire manufacturing data will be released before the market opens and a reading of 10 is expected, vs. 10.04 the month prior. Consumer price index for February is due out before the market opens and a 0.5%...