Santa Claus rally eyed as December stock gains expected
Wall Street anticipates a December uplift dubbed the Santa Claus rally as stocks hover near record highs. Analysts cite historical December gains, end-year positioning, and rising profits from tech giants like Alphabet and Facebook, though tax reforms and Fed policy loom as risk factors.
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GM self driving taxis to roll out in major U.S. cities in 2019
General Motors plans a commercial launch of autonomous vehicles in congested cities by 2019 as Cruise Automation tests Chevy Bolt self driving cars in San Francisco Detroit and Phoenix with a future Manhattan trial. A backup driver will be removed at launch. In Washington the US backs EU in WTO case against China arguing it remains a non market economy.
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Local stock notes with erratic figures and notes
Disjointed financial clipping shows stocks of local interest with scattered figures and footnotes. The garbled text references market activity, dividends, and price movements but lacks coherent data. Reads like a damaged OCR of a stock page with multiple unreadable names and entries.
CFPB showdown as temporary chair ousted by president appointee
Over two weeks the financial scene shifted with a power struggle at the CFPB, a presidential appointee replacing the temporary chair. Bidon stock reaches 10000 per share for the first time, while Jerome Powell is nominated to lead the Federal Reserve. The Dow also marks a new high amid ongoing economic shifts.
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Tipping Scale These tips are brought to you by Junior Achievement
Zachary Brown chairs Junior Achievement of Gaston County as the columnist urges readers to prefer boring steady investments over risky new securities. He cautions about loan products and signs of too good to be true deals while promoting financial education and cautious, long term planning.
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S&P 500 poised for longest streak since 1959
The S&P 500 heads toward a 13th straight month of positive total returns starting November 2016. If March’s month had been up 0.1 percent with dividends, the index would extend its gain streak, a run last achieved in 1959 when it rose 15 straight months.
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Standard & Poor
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