Jobs report sends oil to biggest drop in 6 months

Posted on by The INO.com Team

By JONATHAN FAHEY and CHRIS KAHN
AP Energy Writers

(AP:NEW YORK) The price of oil suffered its biggest one-day decline in nearly six months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices can't be far behind.

It's a welcome trend for motorists, with the summer driving season just around the corner. And it eases some pressure on the U.S. economy, which has shown only agonizingly slow growth in the nearly three years since the Great Recession ended.

Oil fell $4.05, or 4 percent, to $98.49, after a weak U.S. jobs report offered the latest evidence that the global economy is weakening, possibly reducing demand for oil. At the same time, there is mounting evidence that world oil supplies are growing. Continue reading "Jobs report sends oil to biggest drop in 6 months" →

Weekly Futures Wrap Up w/Michael Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Finanial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Busines, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Stock Futures--- The stock market this morning are sharply lower across the board due to the fact of the monthly unemployment report which was bearish adding 115, 000 new jobs however 175, 000 new jobs were expected and is pushing the S&P 500 down 18.00 points currently trading at 1368.50 while the Dow Jones industrial average is down 150 points breaking 13,000 mark in the June futures currently trading at 12, 996 and active trade in Chicago today. The NASDAQ futures for the June contract are lower by nearly 47 points currently trading at 2,645 again due to a negative unemployment report which put the unemployment rate of 8.1% which is the lowest rate in nearly 3 years , however in my opinion I think the Obama administration is trying to get the unemployment rate to about 7.8% before election time because it looks good politically that the rate continues to drop however the economy is still poor and the unemployment rate in the last several years really can give mixed signals. Continue reading "Weekly Futures Wrap Up w/Michael Seery" →

Video Update: Stocks are posting steep losses

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 4th of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

3 Stocks on the move today:
CFN (Carefusion), DHI (DR  Horton), and PHM (Pultegroup).

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Video Update: Stocks are posting steep losses" →

What earnings reports have revealed about ads

Posted on by rachel

By The Associated Press

Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising:

April 12: Google Inc. says its revenue, after subtracting ad commissions, totaled $8.14 billion in the first quarter. Analysts were expecting revenue of $8.09 billion on this basis. Google's revenue was helped by a 39 percent increase in "paid clicks," but the prices of its search-driven text ads continued to decline. The so-called "cost-per-click" for these ads declined 12 percent from the same time a year earlier.

April 16: Gannett Co. reports a 25 percent drop in first-quarter net income, as advertising in its newspapers continued to decline. Broadcasting revenue rose, helped by advertising related to autos, the Super Bowl and political campaigns.
Continue reading "What earnings reports have revealed about ads" →