Juli Niemann is St. Louis' oldest, non-retired analyst. She works for Smith, Moore and Company as executive vice-president for research and portfolio management. She has worked in the investment industry for over 40 years. Niemann was recently profiled in St. Louis Magazine.
Posted In: IMF, Earnings, global economy
The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
Posted In: holiday shopping, retail sales, auto sales
This morning the National Retail Federation predicted modest growth for holiday shopping this year -- up about four percent -- and automakers are expecting another strong month of sales.
Posted In: auto sales
Pent-up demand for new cars, better financing options for buyers, better fuel efficiency, and a rising price of used cars continue to boost car sales.
Posted In: Retail, groupon
Retail sales were up 0.8 percent last month; the first uptick in four months.
Posted In: Oil, Chevron, fire
A major refinery for Chevron caught fire in California last night. The fire in Richmond, outside of San Francisco, has been extinguished, but the fire could be bad news for drivers across the West, because one less refinery online is likely to mean higher gas prices.
Posted In: spain, Germany, Europe debt crisis
Spain's borrowing costs are up to 7.5 percent -- the higest since it joined the euro. As a result of the regional crisis, Moody's announced today that it is poised to lower Germany's credit rating to AA.
Posted In: Federal Reserve, quantitative easing, Dollar exchange rate
Federal Reserve chairman Ben Bernanke will testify on Capitol Hill today, and the big question is: Will he signal that more monetary stimulus is on the way?
Posted In: banking, bank regulations, Bob Diamond, interest rates
News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
Posted In: recession, 4th of July
Some sobering news on the latest economic data and what's trading like ahead of the 4th of July holiday?
Posted In: grain, weather, farming, food prices
Farmers are suffering from unseasonably warm and dry weather this season, contributing to higher grain prices for farmers and soon higher food prices for consumers