One months ago, we reported that according to option markets, GE - whose stock prices and operations have been in turmoil recently- was expected to massively slash its dividend, by just over 40%.
S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated.
Somebody should tell Wal-Mart they’re doing it wrong.
In what the Wall Street Journal described as an attempt to lure customers back to its brick-and-mortar locations, Wal-Mart has been quietly raising prices for some food and household products sold on its US website, including Kraft Macaroni & Cheese, Colgate toothbrushes and bags of Purina dog food.
Authored by Doug French via The Mises Institute,
“The inventory is coming, but people are buying faster than it can get here,” GLVR President David Tina told Channel 8. “We have 5,000 available houses, but we sell 3,000 a month.”
Authored by James Rickards via The Daily Reckoning,
Leland Miller, a good friend of mine, is the founder and proprietor of an economic research service called the “China Beige Book.”
The name “beige book” was borrowed from the surveys conducted by regional Federal Reserve banks of economic conditions in their regions. (In the days before the internet, the Fed issued hard-copy booklets with different-colored covers based on subject matter. The economic conditions booklet had a beige-colored cover. Hence the name.)