Financial and Economic Brief - March 13, 2018

by © Liberty Publishing, Inc.

Jobs Grow in February

According to ADP and Moody’s Analytics, companies added 235,000 jobs in the month of February. The total beat Wall Street expectations, but also decelerated slightly, as January posted an upwardly revised 244,000. “The job market is red hot and threatens to overheat,” Mark Zandi, chief economist at Moody's, said. “With government spending increases and tax cuts, growth is set to accelerate.” The gains come amid concerns that a tight jobs market could put upward pressure on wages and generate an inflation spike that would force the Fed to raise interest rates faster than the market anticipates.
more...

Change to China’s Constitution

On Sunday China's parliament amended the constitution to remove the limit on the number of terms the president can serve. “Concentrating power in fewer hands is risky,” said Julian Evans-Pritchard, a China economist at Capital Economics. He says other top officials will be less likely to push back, even if the president's plans could harm the economy. The stakes are high. China's economy needs big reforms, particularly to address its escalating corporate debt. Analysts say the government hasn’t yet taken “real” steps to cut debt, which could do serious damage to the economy if left unchecked.
more...

Dropbox Inc. IPO

On Monday, data-sharing business Dropbox Inc. filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range. Dropbox, which plans to raise $648 million, expects its price to be between $16 and $18 per share. The venture capital arm of Salesforce.com Inc. has agreed to buy $1 million of Dropbox’s Class A common stock in a private placement at a price per share equal to the IPO. Dropbox, which has 11 million paying users across 180 countries, said that about half of its 2017 revenue came from customers outside the U.S.
more...

Request Information

Please let us know how we can serve you.




Our Location

Jennifer Blake Karaczen

NEXT Financial Group, Inc.
63 West Main Street, Suite O
Freehold, NJ 07728
ph: 732.506.7957
Jennifer.Karaczun@Nextrep.com

Latest News

Financial and Economic Brief - April 10, 2018

• Dow Volatility Continues - The new normal on Wall Street is about “wild fluctuations, mammoth moves and rapid-fire price reversals”.

• Gradual Rate Hikes, Appropriate - Federal Reserve President Charles Evans, said that he is “optimistic” inflation will reach the Fed’s 2% goal and that slow, gradual rate increases will be appropriate.

• Russia’s Ruble Falls - Russia’s ruble experienced its biggest one-day fall for over two years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions.

Financial and Economic Brief - April 3, 2018

• Small Business Hiring Falls - According to a report from Paychex, small-business hiring in March fell to the lowest point in over seven years, while hourly earnings grew steadily.

• Apple to Make Own Chips - Shares of Intel fell 6% Monday on a report that Apple plans to start making its own processors for its computers as early as 2020.

• Spotify’s Strong Introduction - Spotify Technology SA shares “appeared on course” for a strong introduction, with opening price ranges well above where the stock had been trading in private markets.

Financial and Economic Brief - March 27, 2018

• Economic Crisis on Horizon over Trade? - A strengthening in U.S.-China trade tensions, which many are expecting from a new round of tariff threats from both sides, would result in an economic crisis.

• Remington Files for Chapter 11 - Remington Arms Co. and its parent Remington Outdoors filed for Chapter 11 bankruptcy protection over the weekend due to falling sales.

• Facebook Privacy Probe - Shares of Facebook Inc. fell more than 5% after the U.S. Federal Trade Commission announced its investigation of the social network.

Financial and Economic Brief - March 20, 2018

• Rate Hike Strategy - Jerome Powell, chairman of the Federal Reserve, heads toward his first interest rate increase this week.

• Retail Companies against Tariffs - The Trump administration is preparing tariffs against Chinese information technology, telecommunications & consumer products to force changes in Beijing’s intellectual property & investment practices.

• L’Oreal Purchases ModiFace - L'Oreal has purchased ModiFace, a Canadian firm that specializes in artificial intelligence and augmented reality technology.

Financial and Economic Brief - March 13, 2018

• Jobs Grow in February - According to ADP and Moody’s Analytics, companies added 235,000 jobs in the month of February.”

• Change to China’s Constitution - On Sunday China's parliament amended the constitution to remove the limit on the number of terms the president can serve.

• Dropbox Inc. IPO - Dropbox Inc. filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range.

Financial and Economic Brief - March 6, 2018

• Trump’s Tariffs - According to Commerce Secretary Wilbur Ross, President Donald Trump's tariffs are “no big deal.”

• Stocks Continue to Drop - The Dow Jones Industrial Average fell for the fifth straight day as concerns about a global trade war following the President’s threat to impose tariffs kept investors concerned.

• AXA to Acquire XL Group - French insurance company AXA has reached a deal to acquire XL Group for approximately $15.3 billion.