Markets


Curtis Hanson: Oscar-winning writer and director dies at 71
- September 23, 2016

Curtis Lee Hanson was born on March 24, 1945, in Reno, Nev., but grew up in Los Angeles' San Fernando Valley. Although Hanson directed several films during the "80s (including the Tom Cruise sex comedy Losin" It ), he truly came into his own in the early '90s with a string of successful thrillers. (more...)
China conditionally lifts ban on some U.S., Canadian beef China conditionally lifts ban on some U.S., Canadian beef
- September 23, 2016

However, some analysts were skeptical of China buying significant volumes of USA beef. China has conditionally lifted an import ban on some shipments of USA boneless beef and beef on the bone, and will also ease restrictions on Canadian beef, the Asian nation's agriculture ministry and its premier said on Thursday. (more...)
United States open: Stocks gain as traders weigh Fed policy decision United States open: Stocks gain as traders weigh Fed policy decision
- September 23, 2016

With low energy and import prices keeping inflation below the Fed's long-run inflation objective of 2% and the labor market still improving, the Federal Reserve has made a decision to maintain the target range for the Federal Funds rate at 0.25-0.50%. (more...)
Federal Reserve holds off on raising key ineterest rate Federal Reserve holds off on raising key ineterest rate
- September 23, 2016

Steady job gains have pulled discouraged workers back into the job market and yet inflation remains below the Fed's 2 percent target rate. But that will also depend on whether the Reserve Bank of India (RBI) lowers interest rates next month. (more...)
Why Some Fed Voting Members Hold More Influence Than Others Why Some Fed Voting Members Hold More Influence Than Others
- September 23, 2016

Energy shares were also in demand after oil prices also rose on a weaker dollar, extending gains from the previous session when a surprise third consecutive weekly USA crude inventory draw tightened supply. All wanted the Fed to raise its key rate at this meeting. By Fed standards, that's a divided result. According to Chicago Mercantile Exchange's FedWatch tool, there is a 59.3 percent chance of rate hike at the Fed's December policy meeting. (more...)
Global stocks rise after Fed holds off interest rate hike Global stocks rise after Fed holds off interest rate hike
- September 23, 2016

France's CAC 40 rose 1.5 percent in early trading to 4,410.55 and Germany's DAX added 1.1 percent to 10,556.92. Stocks are closing higher on Wall Street, led by gains in high-dividend stocks a day after the Federal Reserve said it would keep interest rates low. (more...)
Canada and China announce free trade talks
- September 23, 2016

Relations between China and Canada have a solid foundation, huge potential and great opportunities of development, said Prime Minister Li Keqiang, who is on an official visit to that North American country. Canada counts China as its second-largest export market after the United States. "If we abolish the death penalty, innocent people will lose their lives". (more...)
Govt appoints three members to Monetary Policy Committee Govt appoints three members to Monetary Policy Committee
- September 23, 2016

Under the monetary policy framework agreement with the government, RBI is committed to anchor retail inflation at 4 per cent (plus/minus 2 per cent) and has set itself a target of 5 per cent by next March as part of a "glide path" to achieving the median mark. (more...)
Wall Street higher as tech, energy gain; Fed in focus
- September 23, 2016

The remarks stood in contrast to Mr. Trump's comments just four months ago, when he said he had "great respect" for the chairwoman and favored keeping interest rates low "unless inflation rears its ugly head". Does it foresee inflation rising meaningfully toward its 2 percent target? With Fed hike in December still in doubt, the carry trade flows will continue to prop up the high yielders and Aussie looks to hold ground above the.7500 level for the time being. (more...)
Boeing Iran License Expected Soon Boeing Iran License Expected Soon
- September 23, 2016

OFAC had to approve the license because a portion of Airbus planes are made in the U.S. Some of those deliveries may occur as early as this year, a spokesman said. In a two-step process, the agency first approved Boeing's request to discuss a sale to Iran and must now approve any sale. The House of Representatives passed legislation earlier this monththat would prevent taxpayer dollars being spent to issue licenses , and block USA bank financing for the aircraft themselves. (more...)
Rolls-Royce Says Daily Mail's Daintith to Replace Smith as CFO Rolls-Royce Says Daily Mail's Daintith to Replace Smith as CFO
- September 23, 2016

Other than the cost cutting strategy, it announced the name of the new finance officer, Stephen Daintith, who is now the CFO at Daily Mail . Smith, the former chief executive of Jaguar Land Rover, is leaving Rolls to "pursue other business interests", the company said in a stock market statement. (more...)
WCI Communities stock soars after $643 million Lennar buyout deal WCI Communities stock soars after $643 million Lennar buyout deal
- September 23, 2016

Check back for updates. ("WCI" or the "Company") (NYSE: WCIC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Lennar Corporation (" Lennar ") (NYSE: LEN), in a transaction valued at approximately $643 million. (more...)
AP Moller-Maersk splits its shipping, energy operations AP Moller-Maersk splits its shipping, energy operations
- September 23, 2016

The company has also indicated it's getting more client requests since the recent collapse of Hanjin Shipping Co. "Strong capital discipline and better utilisation of assets will be ensured". This suggests that APMT has had its "wings clipped" as an entrepreneurial global terminal operator. As part of the strategic review and management changes, Maersk Supply Service, which operates offshore anchor handlers and platform supply vessels, was moved in with Maersk Oil, Maersk Drilling, ... (more...)
Markets mainly positive as Energy surges on the TSX Markets mainly positive as Energy surges on the TSX
- September 23, 2016

The Dow Jones industrial average rose 120 points, or 0.7 percent, to 18,414 as of 12:45 p.m. The country's biggest banks were among the index's most influential gainers with Bank of Nova Scotia up 0.9 percent to C$70.56 and Toronto-Dominion Bank advancing 0.6 percent to C$57.53. (more...)
Dad charged with killing 4 kids, torturing wife
- September 23, 2016

Gregory V. Green at his arraignment Thursday morning, September 22 in Dearborn Heights. No letters of opposition to his parole were filed before Green was released from prison, according to Michigan Department of Corrections spokesman Chris Gautz. (more...)
Fed leaves investors waiting for Trump and Clinton
- September 23, 2016

Pointing to the "roughly balanced" phrasing, she said, "this statement basically increased the chances of a December rate hike". Owing to weak growth in the first half of this year, the Fed trimmed its forecast for United States economic growth in 2016 to 1.8 per cent from 2 per cent and dialled back the number of rate hikes to two next year from three. (more...)
Yellen Focuses On Low Inflation To Defend Unchanged Policy
- September 23, 2016

But that likelihood has faded as recent economic reports have turned out weaker than expected. "Even if they do raise rates in December, the trajectory of hikes is starting to come down, and that's giving stocks a bit more of a bid", said Bill Schultz, who oversees $1.2 billion as chief investment officer of McQueen, Ball & Associates in Bethlehem, Pennsylvania. (more...)
The Zuckerbergs pledge to invest $3 billion to fight diseases globally
- September 23, 2016

Now overseeing the world's biggest social network, which he co-founded in 2004 when he was a college student, and working determinedly to bring internet connectivity to remote and underdeveloped parts of the planet, he also has his mind set on curing all diseases within the next 100 years or so. (more...)
Freddie Mac projects lowest average mortgage rates in 40 years Freddie Mac projects lowest average mortgage rates in 40 years
- September 23, 2016

Fite believes that's mostly due to the daily argument over when the Fed will raise rates, as sentiment changes daily over the scrutiny of every economic report that is released. "The 30-year fixed-rate mortgage followed Treasury yields , falling 2 basis points and settling at 3.48 percent. Despite the decrease in rates, the refinance index plunged 8% to its lowest level since June", said Sean Becketti, chief economist at Freddie Mac . (more...)
Tesla sues MI, challenges law requiring dealer sales Tesla sues MI, challenges law requiring dealer sales
- September 23, 2016

The state stalled for months but eventually rejected the application, setting the stage for a legal showdown. Essentially the argument rejects Tesla's attempt to be its own franchisor, despite having no third-party franchisees with which to compete. (more...)

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