Category: Trucking News

World Bank warns of grave risks to Lebanon's stability

The World Bank on Friday urged Lebanon to form a new Cabinet "within a week" to prevent further degradation and loss of confidence in its economy, warning of grave risks to the country's stability amid a worsening fiscal and economic crisis. Saroj Kumar Jha, the organization's regional director, told The Associated Press that the World Bank observed "enormous losses" in recent weeks and said a new government was urgently needed to redress the situation. Prime Minister Saad Hariri resigned his government on Oct. 29 in response to the unprecedented nationwide protests that have swept Lebanon starting in the middle of last month....

QQQ Just Passed the $200 Level — Time to Short It

Invesco QQQ Trust (NASDAQ:QQQ), an ETF designed to track the large NASDAQ stocks, has rallied big time over the past month. QQQ is now up nearly 10% since making recent lows in early October. It also just traded above $200 for the first time ever.Source: Shutterstock Some of the recent moves higher may be justified given the recent Fed rate cut. The red hot rally, however, has come too far, too fast. Now that momentum has slowed, an overbought and overvalued QQQ is due for a pullback. * 7 Under-the-Radar Retail Stocks to Buy Now Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) account for roughly 40% of the overall QQQ. These Four Horseman of the NASDAQ have all reported earnings with decidedly mixed results. Apple had a solid, if not spectacular report. Microsoft beat on both the top and bottom line but guided lower. Amazon and Alphabet both had...