Genesis Daily

Aug 12, 2019

Following Overstock’s ($OSTK) better than expected 2Q19 earnings results, the stock rose over 18% last Friday to $25.19 a share. Although the retail business continued to produce a quarterly net loss, the loss was not as significant as the Street had expected (-$0.69 a share vs. the estimate of -$0.79 a share) as a result […]

China allowed its currency to weaken by more than 2% last Monday; letting it fall to its lowest point since March 2008. Chinese state-owned companies also suspended imports of U.S. agricultural products. The trade tensions continued to escalate as President Trump’s Treasury Department formally labeled China a currency manipulator. Following the turmoil, yields on Treasuries […]

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