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Thursday, February 1, 2018

First Time Unemployment Claims Pretty Much In Line -- A Bit Less Than Expected -- February 1, 2018

I didn't see much change in the unemployment claims (see below) but surprise, surprise -- CNBC actually wrote a Trump-friendly headline: US jobless claims unexpectedly fall as job market strengthens. 

From econoday: first time unemployment claims --
  • prior: 233K
  • prior revised: 231K
  • consensus forecast: 235K
  • Actual: 230K
  • New claims, change: down 1,000
Market today: anticipating Apple, Inc, earnings report after market close today

Making America great again: add Lowe's to the list --
  • will give some employees bonuses of up to $1,000
  • will expand benefits
  • specifically cites tax reform 
Shell reports earnings: several stories, different headlines regarding surging proficts
  • WSJ: Shell profit triples but cash flow disappoints 
  • The Telegraph: Shell 'transformation' doubles profits as recovery takes hold
  • Bloomberg: Shell's best profit in three years marred by surprise cash-flow drop
  • will maintain same dividend; around 5% for an annual rate; scrapping scrip, paying cash
Mastercard: lands Cabela's credit-car business; to be issued by Capital One; M/C up 2% in early trading today. Cabela’s was the 15th largest credit-card issuer in the U.S. as of June 2017, about three months before it completed its sale to Bass Pro. Purchase volume on the Cabela’s card totaled roughly $10.7 billion during the first half of last year.

Meanwhile, it's being reported that eBay will soon replace PayPal. 

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship-related decisions based on anything you read here or think you may have read here.


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