Markets
Wall Street slips in wake of comments by top Fed officials
- August 29, 2016
After Yellen's assessment of the economy, investors increased their bets that a rate increase might come as early as September. As of 1918 BST the yield on the benchmark two-year US Treasury note was at its intra-session high, rising four basis points to 0.8329%. (more...)
- August 29, 2016
After Yellen's assessment of the economy, investors increased their bets that a rate increase might come as early as September. As of 1918 BST the yield on the benchmark two-year US Treasury note was at its intra-session high, rising four basis points to 0.8329%. (more...)
Fed Chair Cites Stronger Case for Rate Hike
- August 29, 2016
At 12:31 p.m. ET, the Dow Jones Industrial Average was down 78.21 points, or 0.42%, at 18,370.2. Oil prices seemed to stabilize despite reports of Yemeni missiles hitting Saudi Arabia's oil facilities. "She did put the market on notice that she'd like to raise rates, which means the payrolls data out on Friday is very important". He points to Gallup polling that shows that just 38% of Americans have trust in Janet Yellen , down from over 70% during Alan Greenspan's the final years of Alan ... (more...)
- August 29, 2016
At 12:31 p.m. ET, the Dow Jones Industrial Average was down 78.21 points, or 0.42%, at 18,370.2. Oil prices seemed to stabilize despite reports of Yemeni missiles hitting Saudi Arabia's oil facilities. "She did put the market on notice that she'd like to raise rates, which means the payrolls data out on Friday is very important". He points to Gallup polling that shows that just 38% of Americans have trust in Janet Yellen , down from over 70% during Alan Greenspan's the final years of Alan ... (more...)
Yellen suggests rate hike but offers no timetable
- August 29, 2016
The market focused on the Fed Chairs line: "I believe the case for an increase in the federal funds rate has strengthened in recent months" but equally important for the eventual rate hike is the next sentence: "Of course, our decisions always depend on the degree to which incoming data continues to confirm the Committee's outlook". (more...)
- August 29, 2016
The market focused on the Fed Chairs line: "I believe the case for an increase in the federal funds rate has strengthened in recent months" but equally important for the eventual rate hike is the next sentence: "Of course, our decisions always depend on the degree to which incoming data continues to confirm the Committee's outlook". (more...)
Russia Enhancing Military Ties With Iran
- August 29, 2016
Russian Federation took a scornful swipe at the United States on Wednesday, defending its use of Iranian air bases to launch air strikes on Syria and suggesting State Department officials should "check their logic and knowledge" over the issue. (more...)
- August 29, 2016
Russian Federation took a scornful swipe at the United States on Wednesday, defending its use of Iranian air bases to launch air strikes on Syria and suggesting State Department officials should "check their logic and knowledge" over the issue. (more...)
Russian Federation denies sale of planes to Iran
- August 29, 2016
A still image taken from video footage and released by Russia's defense ministry on August 11, 2016, shows a Russian bomber dropping off bombs at an unknown location in Syria . Russian Federation yesterday used an Iranian air base to launch airstrikes in Syria for a second day running, rejecting U.S. suggestions its cooperation with Tehran might violate a United Nations resolution. (more...)
- August 29, 2016
A still image taken from video footage and released by Russia's defense ministry on August 11, 2016, shows a Russian bomber dropping off bombs at an unknown location in Syria . Russian Federation yesterday used an Iranian air base to launch airstrikes in Syria for a second day running, rejecting U.S. suggestions its cooperation with Tehran might violate a United Nations resolution. (more...)
Zidane wanted Pogba and Madrid are weaker without him - Raiola
- August 29, 2016
According to the Daily Star , United believe they could now pull it off after managing to sign Paul Pogba from Juventus. United are aiming to take over from Real Madrid as the home of the Galacticos - with Gareth Bale already their No.1 target next summer. (more...)
- August 29, 2016
According to the Daily Star , United believe they could now pull it off after managing to sign Paul Pogba from Juventus. United are aiming to take over from Real Madrid as the home of the Galacticos - with Gareth Bale already their No.1 target next summer. (more...)
Yellen Suggests Rate Hike is Coming, Offers No Timetable
- August 29, 2016
The Australian share market is set for a soft start to the week after U.S. stocks dipped as senior Federal Reserve officials left the door open for a rate hike as early as next month. economy is slowing. USA stocks, which had been higher, then fell. Bellows notes that Yellen's speech makes it clear this is a subject for Fed research, not something it's considering now. (more...)
- August 29, 2016
The Australian share market is set for a soft start to the week after U.S. stocks dipped as senior Federal Reserve officials left the door open for a rate hike as early as next month. economy is slowing. USA stocks, which had been higher, then fell. Bellows notes that Yellen's speech makes it clear this is a subject for Fed research, not something it's considering now. (more...)
Claudio Ranieri: 'N'Golo Kante is irreplaceable'
- August 29, 2016
Manager Claudio Ranieri is confident Leicester City's first win of the season can be a platform for the rest of the campaign after they beat Swansea City 2-1 at the King Power Stadium on Saturday. Huth's header from a corner hit a Swansea defender and ricocheted into the path of Morgan, who simply hammered the ball home on the half-volley. Sigurdsson curled another effort just over at the other end as the visitors attempted to respond, while Leicester striker Shinji Okazaki forced ... (more...)
- August 29, 2016
Manager Claudio Ranieri is confident Leicester City's first win of the season can be a platform for the rest of the campaign after they beat Swansea City 2-1 at the King Power Stadium on Saturday. Huth's header from a corner hit a Swansea defender and ricocheted into the path of Morgan, who simply hammered the ball home on the half-volley. Sigurdsson curled another effort just over at the other end as the visitors attempted to respond, while Leicester striker Shinji Okazaki forced ... (more...)
Probe Needed In EpiPen Price Spike
- August 29, 2016
They store two EpiPens at their Fort Myers home and two at Caleb's preschool, each pair costing the Hilla family $200 out of pocket. On CNBC Thursday morning, Bresch said nobody is more frustrated than her. Facing public outrage over the price of its EpiPen auto-injectors, the drug company Mylan announced Thursday it was taking action to make the product more affordable . (more...)
- August 29, 2016
They store two EpiPens at their Fort Myers home and two at Caleb's preschool, each pair costing the Hilla family $200 out of pocket. On CNBC Thursday morning, Bresch said nobody is more frustrated than her. Facing public outrage over the price of its EpiPen auto-injectors, the drug company Mylan announced Thursday it was taking action to make the product more affordable . (more...)
Chicago men charged in shooting of National Basketball Association star Wade's cousin
- August 29, 2016
Nykea Aldridge , 32, the mother of four, was pushing a baby stroller Friday afternoon in Chicago's South Side when she was shot. The Sorrells knew the man was not from the neighborhood and thought he might have been armed, Deenihan said. She wasn't the intended target, Cmdr. Wade also tweeted on Saturday morning: "The city of Chicago is hurting". "They don't care who they shoot and they don't fear the consequences", Johnson said, noting as he has in the past that about 1,400 people are ... (more...)
- August 29, 2016
Nykea Aldridge , 32, the mother of four, was pushing a baby stroller Friday afternoon in Chicago's South Side when she was shot. The Sorrells knew the man was not from the neighborhood and thought he might have been armed, Deenihan said. She wasn't the intended target, Cmdr. Wade also tweeted on Saturday morning: "The city of Chicago is hurting". "They don't care who they shoot and they don't fear the consequences", Johnson said, noting as he has in the past that about 1,400 people are ... (more...)
Another Republican Leader Wants to See Donald Trump's Tax Returns
- August 29, 2016
After calling for the release of his tax returns while working for rival Ted Cruz during the GOP primary, newly hired Trump campaign manager Kellyanne Conway has suddenly seen the light and now says her boss shouldn't be burdened by transparency. (more...)
- August 29, 2016
After calling for the release of his tax returns while working for rival Ted Cruz during the GOP primary, newly hired Trump campaign manager Kellyanne Conway has suddenly seen the light and now says her boss shouldn't be burdened by transparency. (more...)
Don't Count on That Rate Hike Any Time Soon
- August 29, 2016
Yellen pointed to a recent rebound in employment and said the Fed expects the economy to continue expanding. Yellen lifted the cloud of uncertainty over the Fed's monetary policy direction in a speech at a central banking symposium in Jackson Hole, Wyoming , saying: "The case for an increase in the federal funds rate has strengthened in recent months". (more...)
- August 29, 2016
Yellen pointed to a recent rebound in employment and said the Fed expects the economy to continue expanding. Yellen lifted the cloud of uncertainty over the Fed's monetary policy direction in a speech at a central banking symposium in Jackson Hole, Wyoming , saying: "The case for an increase in the federal funds rate has strengthened in recent months". (more...)
Stock markets flat after US Fed speech
- August 29, 2016
Yellen and her colleagues in the Fed know too well that hiking interest rates too soon could trigger capital flows to the United States from emerging markets, and such a scenario will definitely further burden these economies that are already caught in various economic adversities. (more...)
- August 29, 2016
Yellen and her colleagues in the Fed know too well that hiking interest rates too soon could trigger capital flows to the United States from emerging markets, and such a scenario will definitely further burden these economies that are already caught in various economic adversities. (more...)
Stock markets flatline, Canadian dollar falls after US Fed speech
- August 29, 2016
Major U.S. indexes initially climbed after a speech by Fed Chair Janet Yellen that was bullish on the economy but gave no timetable for future rate increases. "Helicopters, negative rates or a higher inflation target remain confined to other central banks or academic circles", Commerzbank economist Bernd Weidensteiner wrote after Yellen's speech. (more...)
- August 29, 2016
Major U.S. indexes initially climbed after a speech by Fed Chair Janet Yellen that was bullish on the economy but gave no timetable for future rate increases. "Helicopters, negative rates or a higher inflation target remain confined to other central banks or academic circles", Commerzbank economist Bernd Weidensteiner wrote after Yellen's speech. (more...)
Iran wants pre-sanctions oil market share: Minister
- August 29, 2016
Saudi Arabia last month produced 10.67 million barrels per day of crude oil, the most in its history, and al-Falih on Thursday said that production has remained at about that level, although he could not cite a specific number for this month. (more...)
- August 29, 2016
Saudi Arabia last month produced 10.67 million barrels per day of crude oil, the most in its history, and al-Falih on Thursday said that production has remained at about that level, although he could not cite a specific number for this month. (more...)
Stocks mixed as traders decipher Fed talk
- August 29, 2016
Yellen did not indicate when the US central bank might raise rates, but her comments reinforced the view that such a move could come later this year. The chance US policy makers will raise rates by year-end is 57 per cent, up from 36 per cent at the end of July, according to data compiled by Bloomberg based on fed fund futures. (more...)
- August 29, 2016
Yellen did not indicate when the US central bank might raise rates, but her comments reinforced the view that such a move could come later this year. The chance US policy makers will raise rates by year-end is 57 per cent, up from 36 per cent at the end of July, according to data compiled by Bloomberg based on fed fund futures. (more...)
Federal Reserve May Raise Interest Rates: What That Means For You
- August 29, 2016
Federal Reserve Chair Janet Yellen , center, Stanley Fischer, left, vice chairman of the Board of Governors of the Federal Reserve System, and Bill Dudley, the president of the Federal Reserve Bank of NY, stroll together before Yellen's speech to the annual invitation-only conference of central bankers from around the world, Friday, Aug 26, 2016, at Jackson Lake Lodge in Grand Teton National Park, north of Jackson Hole, Wyo. (more...)
- August 29, 2016
Federal Reserve Chair Janet Yellen , center, Stanley Fischer, left, vice chairman of the Board of Governors of the Federal Reserve System, and Bill Dudley, the president of the Federal Reserve Bank of NY, stroll together before Yellen's speech to the annual invitation-only conference of central bankers from around the world, Friday, Aug 26, 2016, at Jackson Lake Lodge in Grand Teton National Park, north of Jackson Hole, Wyo. (more...)
Storm Gaston expected to become hurricane again - US monitor
- August 29, 2016
Weather officials continue to give a tropical wave near Cuba a favorable chance of developing into a stronger system, but many computer models now steer it into the Gulf of Mexico. That disturbance wasn't expected to develop into a tropical storm and was located about 100 miles south of the southwest Louisiana coast on Saturday morning. (more...)
- August 29, 2016
Weather officials continue to give a tropical wave near Cuba a favorable chance of developing into a stronger system, but many computer models now steer it into the Gulf of Mexico. That disturbance wasn't expected to develop into a tropical storm and was located about 100 miles south of the southwest Louisiana coast on Saturday morning. (more...)
Fed open to raising interest rates
- August 29, 2016
As for when that next hike may be coming, Gross thinks if August's job growth number is "decent" then "for sure or close to for sure" the Fed will raise rates by 25 basis points in September. In his paper, economist Ricardo Reis put forward a new way for the Fed to pay banks returns on the money they keep at the central bank, a tool that could potentially put the Fed's goal of keeping inflation at 2 percent on autopilot. (more...)
- August 29, 2016
As for when that next hike may be coming, Gross thinks if August's job growth number is "decent" then "for sure or close to for sure" the Fed will raise rates by 25 basis points in September. In his paper, economist Ricardo Reis put forward a new way for the Fed to pay banks returns on the money they keep at the central bank, a tool that could potentially put the Fed's goal of keeping inflation at 2 percent on autopilot. (more...)
USA interest rate increase case compelling, says Fed figure
- August 29, 2016
The US economy, she stressed, is gaining momentum at a pace sustainable enough to possibly move base borrowing costs up as soon as in September. Economic growth in Asia's third-largest economy accelerated to 7.9% in the March quarter, making it the fastest growing major economy in the world, making it relatively stronger, to the hiccups in the emerging market space. (more...)
- August 29, 2016
The US economy, she stressed, is gaining momentum at a pace sustainable enough to possibly move base borrowing costs up as soon as in September. Economic growth in Asia's third-largest economy accelerated to 7.9% in the March quarter, making it the fastest growing major economy in the world, making it relatively stronger, to the hiccups in the emerging market space. (more...)
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