The Shrinking Economy Of The US, The Thing New Traders Have Never Experienced, What Is Intel Doing? (5/29/15)

Flickr / Jer Thorp
Flickr / Jer Thorp

beetlejuice

GDP shrank by 0.7 percent, revised from a 0.2 percent gain. And with that news, stocks opened lower today.

beetlejuice

A majority of traders on Wall Street have never experienced a Fed hike before. According to Bloomberg, “almost one-thirds of the traders have known only near-zero interest rates.” So what does that mean for them? Going “old school”.

beetlejuice

It’s being said that Intel is to acquire chipmaker Altera Corp at $54 per share ($15 billion).

beetlejuice

With the news of a shrinking economy, coupled with the disaster-that-could-happen (Greece), stocked opened lower today.

Bloomberg.com
Bloomberg.com

beetlejuice

Apparently, supply will greatly outstrip demand for over two years — that’s what Fortune is saying.

beetlejuice

JP Morgan is going to slash approximately 5,000 jobs from their roster amid $1.4 billion in cost cuts. That’s about 2% of their workforce.

beetlejuice

In other news, Sepp Blatter was re-elected to his fifth consecutive terms as FIFA president. Are you really that shocked? I certainly am not.

beetlejuice

American Express’ president unexpectedly passed away on a plane. Edward Gilligan, just 55-year-old, died on a New York-bound flight this morning. Read AmEx’s official statement here. Their share price dropped 0.45% after the news broke.

beetlejuice

Last updated: 3:53 PM TC mark

More From Thought Catalog

blog comments powered by Disqus