All posts by yasusaito

CME will see further rise, not in share prices but in profit

By Yasufumi Saito

CME group Inc., the world’s largest futures-exchange operator, has been gaining impetus since summer as its contract volume rose due to the high volatility in interest rates and energy markets. Analysts expect a further rise in volume, revenues and earnings, but not in the stock as it’s fully priced.
Continue reading

Pork prices plunge, threatening “the greatest collapse”

By Yasufumi Saito

The price of lean hogs—the name of butchered pork in commodity markets—has plummeted drastically from its peak last summer, reaching a record low due to a loss of equilibrium in  supply and demand. Experts warn of “the greatest collapse” in pork prices if the trend continues. Continue reading

Retail sales decline for three months straight

By Yasufumi Saito

U.S. retail sales dropped unexpectedly for the third consecutive month in February, most likely due to consumer prudence and bad weather.  Continue reading

Tribune Publishing reports sharp drops in profits and sales in Q4

By Yasufumi Saito

In its first report as a separate entity, Tribune Publishing Co. announced Wednesday drops in both fourth-quarter and full year profits and sales, mostly due to an advertising decline and its spinoff costs, and predicted further sales decline this year.

The shares plummeted about 10 percent at one point, before rebounding to close down about 3 percent. Continue reading

New-home sales remain at a six-year high

By Yasufumi Saito

U.S. new-home sales in January almost held the high level in more than six years, showing a modest upbeat in the housing market that exceeded Wall Street’s estimate. Continue reading

10 things to know about the latest U.S. GDP report

By Yasufumi Saito

The December quarter GDP, gross domestic product, released by the Commerce Department recently shows that the U.S. economy slackened a bit, but continued a healthy recovery step by step. It’s worth dissecting.

A mixed layer of economic activities such as imports, government spending and most importantly, personal consumption resulted in the outcome. Let’s take a look at those points.
Continue reading

CME’s earnings climb as it becomes more digital, global

By Yasufumi Saito

CME Group Inc., the world’s largest futures-exchange operator, reported late Thursday a 59 percent growth in fourth-quarter earnings as trading volume grew internationally. The shares climbed more than 3 percent Friday.
Continue reading

CME to close most futures pits

By Yasufumi Saito

One of the icons of capitalism is fading out as the world is more digitized.

CME Group Inc., the world’s largest futures-exchange operator, announced Wednesday it will close most of its open-outcry futures trading pits this summer, due to the shift from floor trading to electronic transactions. Continue reading

Archer Daniels Midland beats 4Q profit estimate, misses sales forecast

By Yasufumi Saito

Archer Daniels Midland Co., a leading agricultural processer and food ingredient provider, reported Tuesday a mixed result for the fourth quarter. While profit beat Wall Street’s estimate, sales fell short of expectations. Continue reading

U.S. consumer confidence surges to 7 1/2–year high

By Yasufumi Saito

Greater chances of getting a job and lower gasoline prices are making Americans feel more comfortable about today’s economy like it was before the recession.

U.S. consumer confidence jumped sharply in January to its strongest level since August 2007, according to a report Tuesday by The Conference Board, a non-profit business research group. Continue reading