Business News Powell shouldn’t follow Greenspan’s example at Fed, veteran economist says Stocks in the U.S. ripped higher Wednesday after Powell said that the Fed funds rate was now just below the range of estimates for neutral. more info…
Read More »Business News Stocks set to open mixed as high-stakes G-20 puts trade in spotlight U.S. stock futures showed a mixed picture on the final trading day of November, as investors turned their focus to an upcoming gathering of world leaders in Argentina. more info…
Read More »Business News European markets mixed as focus turns to the G-20 summit European stocks hovered around the flatline on Friday morning, as key leaders congregated for a major event in Argentina. more info…
Read More »Business News European markets point to a muted open as focus turns to the G-20 summit European stocks are expected to open Friday on a relatively subdued note, as key leaders congregate for an event in Argentina. more info…
Read More »Business News Trump and Xi may reach a deal at the G20, but it may not be something either wants, says Wells Fargo Expect a deal between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Argentina, but manage your expectations, says Kirk Hartman, global chief investment officer at […]
Read More »Reuters: Wealth U.S. mutual fund sales signal retail investor caution U.S. mutual fund investors pulled $13.7 billion from stocks and bonds during the latest week, according to data released on Thursday by Lipper underscoring retail investors’ rising concerns over… more info…
Read More »Business News Europe seen opening higher after Fed chair signals rates are nearing neutral European stocks are expected to open Thursday in the black, boosted by a positive performance seen in markets overseas. more info…
Read More »Reuters: Wealth Pimco buys all of $3 billion UniCredit bond: sources U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit to comply with capital buffer rules, two… more info…
Read More »Energy Expect a ‘Saudi First’ policy on oil production cuts, regardless of Trump’s demands, analysts say Saudi Arabia will likely move to cut its oil output in order to prop up crude prices, against Donald Trump's demands to keep pumping so that prices stay low. more info…
Read More »Reuters: Wealth Pimco buys all of $3 billion UniCredit bond – source U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond Italy’s top bank UniCredit has issued to comply with rules on loss-absorbing securities, a source… more info…
Read More »