U.S. retail sales were unexpectedly flat in July as Americans cut back on purchases of clothing and other goods, pointing to a moderation in consumer spending that could temper expectations of an acceleration in economic growth in the third quarter.
Egypt's central bank has closed 48 foreign exchange bureaus since the start of the year for trading at black market rates and other violations, banking sources said today, as the country tries to end speculation against the Egyptian pound.
It's a fine time for the equities markets when there's nothing but more stimulus and lower rates every 24-hour news cycle. The Dow is well above 18,000, and the S&P 500 is sitting at nosebleed levels at 25x earnings. Meanwhile, deeper insight on alternative investments is fleeting.