The Traderszone Network

US House Speaker John Boehner, who has spent years pushing back against a rebellious flank long seeking his ouster, told a closed-door meeting Friday that he will resign next month, his office and lawmakers said. The 65-year-old’s departure after 24 years in Congress and four years in the speaker’s chair will spark an intense battle for control of the House as the United States gears up for a presidential election in November 2016.

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U.S. stocks traded higher, attempting to bounce from three days of selling, as investors digested Fed Chair Janet Yellen’s remarks on rates.

Long-term economic growth remains slow, despite a rebound in both equities and housing. This is a clear sign that the market is overheated, warns Robert Shiller.

Data analyzed by social app Foursquare predicts Apple will sell between 13 million and 15 million units this weekend, breaking all previous records.

The market may gives a hint about which moment from the past we might be reliving.

A prolonged government shutdown is probably less likely after the stunning decision by House Speaker John Boehner to quit his job.
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Now’s the time to rebalance portfolios, boost retirement contributions and make donations to maximize tax savings.