Headline News

President Trump Signs Executive Order to Lower Regulatory Burdens

February 24, 2017

President Trump signed an executive order today to reduce regulatory burdens on Americans. As part of his Order, the President directed U.S. government agencies to establish, within the next 60 days, Regulatory Reform Task Forces and to designate Regulatory Reform Officers to repeal, replace or modify regulations that (1) eliminate jobs or inhibit job creation, (2) are unnecessary or ineffective, and (3) impose costs that exceed benefits.

U.S. Economic News

U.S. New Home Sales Rise during February

February 24, 2017

Data released today by the U.S. Department of Commerce indicate that new home sales in the United States rebounded during February after declining during the prior month.

Specifically, the Commerce Department reported that, on a seasonally-adjusted annual basis, sales of newly-constructed homes – new home sales – rose during February by 3.7%, as compared to the prior month, and by 5.5% compared to the same month a year ago. That’s the ... continue reading >

  US New Home Sales
International Economic News

Brazil Unemployment Rate Rises to Highest Level since April 2004

February 24, 2017

Brazil’s Institute of Geography and Statistics reported today that the country’s unemployment rate rose for the third consecutive month during January and to its highest level in more than 12 years, increasing to 12.6%, from 12.0% during the prior month, as Brazil remained in its worst recession on record dating back to the year 1901.

In regard to other recent economic developments around the world, Japan’s Cabinet Office reported on February 23 that its index of leading economic indicators for Japan rose during December, the latest month for which data are available, to the highest level since July 2015, indicating that the country’s pace of economic growth will likely accelerate over the next few months.

Separately, data released on February 22 by the United Kingdom’s Office of National Statistics indicate that the country’s economy expanded by 0.7% for the quarter ended December 31, 2016.

Earnings News

AMC Networks, Atlas Air, Cinemark, Kohl’s, Lending Tree, Marriot Vacations and 178 Other Companies Report Quarterly Earnings

February 23, 2017

AMC Networks (AMCX) reported today that its net income, excluding asset impairment charges and restructuring expenses, declined by 7.1% on a 7.5% increase in the company’s revenues and a 7.6% increase its operating expenses for the quarter ended December 31, 2016, as compared to the same period a year ago.

Kohl’s (KSS) reported that its net income declined by 14.9% on a 2.8% decrease in the company’s revenues and a 1.8% increase its operating expenses for the three months ended January 31, 2017, as compared to the same period a year ago.

Lending Tree (TREE) reported that its net income before income taxes, excluding restructuring expenses, severance expenses and non-recurring litigation charges, rose by ... continue reading >

Click Here for All Q4 2016 Earnings

U.S. Political News

Treasury Secretary Says Tax Reform Will Pass by August

February 23, 2017

U.S. Treasury Secretary Steve Mnuchin said today in an interview with Maria Bartiromo,  “tax reform is our number one objective ... we need to make sure that the Middle-Income get a tax cut ... we need to make sure that businesses are compatible with the rest of the world ... we’re going to try to get this done by August.

Mnuchin added, “we’re going to make this a very competitive plan for businesses here ... there’s no question in our mind that both the tax plan, as well as ... continue reading >

International Geopolitical News

Philippines Allows U.S. to Upgrade Military Bases

January 25, 2017

Reuters reported today that, according to the Philippines’ Secretary of Defense, General Delfin Lorenzana, the country’s President Duterte will honor plans agreed to in the 2014 Enhanced Defense Co-operation Agreement (“EDCA”) between the United States and the Philippines for the U.S. to build barracks, warehouses and runways in at least three locations in the Philippines. Additionally, General Delfin said President Duterte has promised to honor all existing agreements with the United States, including the deployment of U.S. ships, aircraft and troops at its five military bases in the Philippines.
Company News
February 24, 2017
  • Nordic American (NAO): Nordic American Offshore Ltd. offered 40 million of its common shares today at a public offering price of $1.25 per share. That’s 39% lower than the price at which the company’s stock closed on Thursday, February 23. The company stated that it plans to use the proceeds from the stock offering for general corporate purposes and for the expansion of its fleet.

  • Hilton Worldwide (WLT): Hilton Worldwide Holdings Inc. announced today that its Board of Directors has authorized a stock repurchase program of up to $1 billion of the company's common stock and that it declared a quarterly dividend of $0.15 per share of the company’s common stock, payable on March 31, 2017 to shareholders of record as of March 10, 2017. Additionally, the company stated that it will change its corporate name to Hilton Inc. effective March 6, 2017.

  • J.C. Penney (JCP): J. C. Penney Company, Inc. announced today that it expects to close two of the company’s distribution facilities and approximately 130-140 of its stores over the next few months.

More Company News >

U.S. Existing Home Sales Rise for Sixth Consecutive Month

02/22/17: The National Association of Realtors (“NAR”) reported today that sales of previously-owned homes in the United States – existing home sales – rose for the sixth consecutive month during January.


Leading Economic Indicators Increases for Fifth Consecutive Month

02/17/17: The Conference Board, a global economic research firm, announced today that its index of leading economic indicators for the United States rose for the fifth consecutive month during January, indicating that the U.S. economy will continue to expand during the months ahead.