Markets
Donald Trump Interrupted Hillary Clinton Over 50 Times During the Debate
- September 28, 2016
Next to Trump, who proposes drastic tax cuts and decreased regulations, Clinton has a more modest plan for the American economy. Watch WTF moments from the first presidential debate. Stein later Tweeted , "I wasn't there, but I knocked Clinton + Trump off the debates stage w/ my solutions!" "She doesn't have the stamina", he said. (more...)
- September 28, 2016
Next to Trump, who proposes drastic tax cuts and decreased regulations, Clinton has a more modest plan for the American economy. Watch WTF moments from the first presidential debate. Stein later Tweeted , "I wasn't there, but I knocked Clinton + Trump off the debates stage w/ my solutions!" "She doesn't have the stamina", he said. (more...)
Strong winds from island-wide typhoon hurt dozens in Taiwan
- September 28, 2016
Heavy rains brought by Megi mostly fell on northern and eastern parts of Taiwan between Monday night and Tuesday. Typhoon Megi is expected to make landfall in eastern Taiwan later on Tuesday but is already bringing widespread violent winds and torrential rain as it nears the island. (more...)
- September 28, 2016
Heavy rains brought by Megi mostly fell on northern and eastern parts of Taiwan between Monday night and Tuesday. Typhoon Megi is expected to make landfall in eastern Taiwan later on Tuesday but is already bringing widespread violent winds and torrential rain as it nears the island. (more...)
Clinton puts Trump on the defensive in combative debate
- September 28, 2016
Donald Trump said late Monday night that he believed he was given a defective microphone at the debate, asking at one point if, perhaps, it was on goal. "And ISIS was formed", he alleged. Clinton's brightest moments came when debate turned to foreign policy, while Trump's came when he tapped into malaise about politics and the economy. (more...)
- September 28, 2016
Donald Trump said late Monday night that he believed he was given a defective microphone at the debate, asking at one point if, perhaps, it was on goal. "And ISIS was formed", he alleged. Clinton's brightest moments came when debate turned to foreign policy, while Trump's came when he tapped into malaise about politics and the economy. (more...)
Asian Stocks Rally After Fed Holds Rates, Trims Expectations
- September 28, 2016
But that hardly changed the market's perception on the outlook of the Fed's policy, with interest rate futures 0#FF: pricing in roughly a 60 percent chance of a rate increase by December, little changed from before the Fed meting. Most of Asia has room to maintain an easing bias. Expectations of a rate increase have all but evaporated, but investors will comb the U.S. central bank's statement for clues about whether it will hike in coming months. (more...)
- September 28, 2016
But that hardly changed the market's perception on the outlook of the Fed's policy, with interest rate futures 0#FF: pricing in roughly a 60 percent chance of a rate increase by December, little changed from before the Fed meting. Most of Asia has room to maintain an easing bias. Expectations of a rate increase have all but evaporated, but investors will comb the U.S. central bank's statement for clues about whether it will hike in coming months. (more...)
Asian Stocks Rally After Fed Holds Rates, Trims Expectations
- September 28, 2016
But that hardly changed the market's perception on the outlook of the Fed's policy, with interest rate futures 0#FF: pricing in roughly a 60 percent chance of a rate increase by December, little changed from before the Fed meting. Most of Asia has room to maintain an easing bias. Expectations of a rate increase have all but evaporated, but investors will comb the U.S. central bank's statement for clues about whether it will hike in coming months. (more...)
- September 28, 2016
But that hardly changed the market's perception on the outlook of the Fed's policy, with interest rate futures 0#FF: pricing in roughly a 60 percent chance of a rate increase by December, little changed from before the Fed meting. Most of Asia has room to maintain an easing bias. Expectations of a rate increase have all but evaporated, but investors will comb the U.S. central bank's statement for clues about whether it will hike in coming months. (more...)
Top five takeaways from US Federal Reserve meet for Indian markets
- September 28, 2016
Losses were limited by the Fed statement suggesting it was still open to a December rate increase, noted Ian Gordon, FX strategist at Bank of America Merrill Lynch in NY. The Republican candidate, Donald Trump, has repeatedly attacked the Fed for keeping rates low, claiming this was at the behest of President Barack Obama. (more...)
- September 28, 2016
Losses were limited by the Fed statement suggesting it was still open to a December rate increase, noted Ian Gordon, FX strategist at Bank of America Merrill Lynch in NY. The Republican candidate, Donald Trump, has repeatedly attacked the Fed for keeping rates low, claiming this was at the behest of President Barack Obama. (more...)
Wells Fargo Hearing Spotlights Executive Behind Sales Practices
- September 28, 2016
Stumpf, who received $19.3 million in compensation previous year, apologized and said he was accountable for the scandal , but that wasn't good enough for Warren and some other senators. In response to questioning from Sen. Members of the Senate Banking Committee were not satisfied by Stumpf's show of contrition. Carrie Tolstedt, the former head of the retail banking business, announced in July that she would retire from the bank this year. (more...)
- September 28, 2016
Stumpf, who received $19.3 million in compensation previous year, apologized and said he was accountable for the scandal , but that wasn't good enough for Warren and some other senators. In response to questioning from Sen. Members of the Senate Banking Committee were not satisfied by Stumpf's show of contrition. Carrie Tolstedt, the former head of the retail banking business, announced in July that she would retire from the bank this year. (more...)
Wells Fargo Hearing Spotlights Executive Behind Sales Practices
- September 28, 2016
Stumpf, who received $19.3 million in compensation previous year, apologized and said he was accountable for the scandal , but that wasn't good enough for Warren and some other senators. In response to questioning from Sen. Members of the Senate Banking Committee were not satisfied by Stumpf's show of contrition. Carrie Tolstedt, the former head of the retail banking business, announced in July that she would retire from the bank this year. (more...)
- September 28, 2016
Stumpf, who received $19.3 million in compensation previous year, apologized and said he was accountable for the scandal , but that wasn't good enough for Warren and some other senators. In response to questioning from Sen. Members of the Senate Banking Committee were not satisfied by Stumpf's show of contrition. Carrie Tolstedt, the former head of the retail banking business, announced in July that she would retire from the bank this year. (more...)
Lawmaker Hensarling in favor of Wells Fargo clawbacks
- September 28, 2016
Lawmakers on the U.S. Senate Banking Committee grilled Stumpf about the accounts last week, with some calling on him to resign and forfeit his earnings and hold other senior executives accountable. But according to Wells' March proxy, he had common stock worth about $77 million as of September 16, plus 3.8 million options to buy company stock exercisable within 60 days. (more...)
- September 28, 2016
Lawmakers on the U.S. Senate Banking Committee grilled Stumpf about the accounts last week, with some calling on him to resign and forfeit his earnings and hold other senior executives accountable. But according to Wells' March proxy, he had common stock worth about $77 million as of September 16, plus 3.8 million options to buy company stock exercisable within 60 days. (more...)
Wells Fargo to pay $400K for inaccurate reports
- September 28, 2016
According to the Journal , the bank's board wants to take action before Stumpf testifies for the House Financial Services Committee on Thursday. That city sued the bank a year ago over claims its high-pressure sales culture drove employees to open unauthorized accounts. (more...)
- September 28, 2016
According to the Journal , the bank's board wants to take action before Stumpf testifies for the House Financial Services Committee on Thursday. That city sued the bank a year ago over claims its high-pressure sales culture drove employees to open unauthorized accounts. (more...)
Senator tells Wells Fargo CEO he should face criminal prosecution
- September 28, 2016
Warren slammed Stumpf for failing to fire any senior executives linked to the scandal , while Wells Fargo's aggressive sales tactics helped pump up the bank's stock price. Democratic presidential nominee Hilary Clinton shared an open letter on her website regarding the banking industry, specifically addressed to Wells Fargo & Co (NYSE: WFC ) customers. (more...)
- September 28, 2016
Warren slammed Stumpf for failing to fire any senior executives linked to the scandal , while Wells Fargo's aggressive sales tactics helped pump up the bank's stock price. Democratic presidential nominee Hilary Clinton shared an open letter on her website regarding the banking industry, specifically addressed to Wells Fargo & Co (NYSE: WFC ) customers. (more...)
Wells Fargo actively considering claw backs for CEO, top exec
- September 28, 2016
A leading Republican lawmaker in Congress on Tuesday said Wells Fargo (WFC.N) would be right to recover pay from executives involved in a scandal in which up to 2 million accounts and credit cards were set up without customers' consent. It was unclear how much of Stumpf's or Tolstedt's compensation would be clawed back, but The Journal estimated that Stumpf's total compensation while at Wells had been about $160 million. (more...)
- September 28, 2016
A leading Republican lawmaker in Congress on Tuesday said Wells Fargo (WFC.N) would be right to recover pay from executives involved in a scandal in which up to 2 million accounts and credit cards were set up without customers' consent. It was unclear how much of Stumpf's or Tolstedt's compensation would be clawed back, but The Journal estimated that Stumpf's total compensation while at Wells had been about $160 million. (more...)
US probing possible worker abuse by Wells Fargo
- September 28, 2016
Bob Menendez, D-New Jersey; Sherrod Brown, D-Ohio; Jack Reed, D-Rhode Island; Jeff Merkley, D-Oregon; Kirsten Gillibrand, D-New York; and Mazie Hirono, D-Hawaii, sent a letter to Tom Perez, the Secretary of Labor, asking for an investigation into Wells Fargo . (more...)
- September 28, 2016
Bob Menendez, D-New Jersey; Sherrod Brown, D-Ohio; Jack Reed, D-Rhode Island; Jeff Merkley, D-Oregon; Kirsten Gillibrand, D-New York; and Mazie Hirono, D-Hawaii, sent a letter to Tom Perez, the Secretary of Labor, asking for an investigation into Wells Fargo . (more...)
Wells Fargo Considers Clawing Back Executive Pay Over Fake-Account Scandal
- September 28, 2016
Wells Fargo's board is actively considering whether to "claw back" pay from CEO John Stumpf and former retail-banking head Carrie Tolstedt and is likely to make a decision before a congressional hearing Thursday, The Wall Street Journal reported Tuesday. (more...)
- September 28, 2016
Wells Fargo's board is actively considering whether to "claw back" pay from CEO John Stumpf and former retail-banking head Carrie Tolstedt and is likely to make a decision before a congressional hearing Thursday, The Wall Street Journal reported Tuesday. (more...)
Stocks climb, dollar falls as Fed holds rates steady
- September 28, 2016
Eswar Prasad, a professor at Cornell University and senior fellow at the Brookings Institution, told Xinhua that "we could see a rate hike at the end of this year" if the U.S. The Fed also projected a less aggressive rise in interest rates next year and in 2018, and cut its longer-run interest rate forecast to 2.9 percent from 3.0 percent. (more...)
- September 28, 2016
Eswar Prasad, a professor at Cornell University and senior fellow at the Brookings Institution, told Xinhua that "we could see a rate hike at the end of this year" if the U.S. The Fed also projected a less aggressive rise in interest rates next year and in 2018, and cut its longer-run interest rate forecast to 2.9 percent from 3.0 percent. (more...)
How Anadarko Petroleum Corporation (NYSE:APC) trades after earning announcements?
- September 28, 2016
A number of FactSet analysts shared their views about the current stock momentum. The top target is presently $95 and the lowest target has the stock reaching $50 within the year. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 15th. (more...)
- September 28, 2016
A number of FactSet analysts shared their views about the current stock momentum. The top target is presently $95 and the lowest target has the stock reaching $50 within the year. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 15th. (more...)
Ford moving all small auto production to Mexico
- September 28, 2016
Despite criticism from certain areas surounding the possible loss of jobs in Michigan, Ford have actually made a commitment to invest $9bn in U.S. plants, with about half of that to be placed in the company's base. And you know what's going to happen? Donald Trump slams Ford plan to move small auto production to MexicoWASHINGTON: Republican Presidential candidate Donald Trump hit out at Ford Motor Co . (more...)
- September 28, 2016
Despite criticism from certain areas surounding the possible loss of jobs in Michigan, Ford have actually made a commitment to invest $9bn in U.S. plants, with about half of that to be placed in the company's base. And you know what's going to happen? Donald Trump slams Ford plan to move small auto production to MexicoWASHINGTON: Republican Presidential candidate Donald Trump hit out at Ford Motor Co . (more...)
Low growth estimate from WTO pulls oil prices lower
- September 28, 2016
Oil futures were sharply lower Tuesday, hit by dampened expectations that OPEC will come to an agreement to stabilize oil markets at its informal meeting on Wednesday in Algeria. Gary Ross, a veteran OPEC watcher and founder of US -based think tank PIRA, said Saudi output had risen too steeply in recent months and even if it were cut to pre-summer levels, Iran would see an offer to freeze its own output as unfair. (more...)
- September 28, 2016
Oil futures were sharply lower Tuesday, hit by dampened expectations that OPEC will come to an agreement to stabilize oil markets at its informal meeting on Wednesday in Algeria. Gary Ross, a veteran OPEC watcher and founder of US -based think tank PIRA, said Saudi output had risen too steeply in recent months and even if it were cut to pre-summer levels, Iran would see an offer to freeze its own output as unfair. (more...)
Vancouver ranked riskiest housing bubble worldwide
- September 28, 2016
The British Columbia Real Estate Association said the average price of a home sold in Greater Vancouver last month was $833,065, down 7.5 per cent from a year ago. "Even in the cities with the clearest signs of a real estate bubble, it is not possible to predict exactly the timing and duration of a correction". (more...)
- September 28, 2016
The British Columbia Real Estate Association said the average price of a home sold in Greater Vancouver last month was $833,065, down 7.5 per cent from a year ago. "Even in the cities with the clearest signs of a real estate bubble, it is not possible to predict exactly the timing and duration of a correction". (more...)
U.S. home prices rose modestly in July
- September 28, 2016
Among the cities in the 20-City Composite (after seasonal adjustment), 12 cities experienced home price gains between June and July, up from nine reported in June, but down compared to 15 cities in April. "Most analysts now expect the Fed to raise interest rates in December". That hurts sales of both new and existing homes, despite historically low mortgage rates. (more...)
- September 28, 2016
Among the cities in the 20-City Composite (after seasonal adjustment), 12 cities experienced home price gains between June and July, up from nine reported in June, but down compared to 15 cities in April. "Most analysts now expect the Fed to raise interest rates in December". That hurts sales of both new and existing homes, despite historically low mortgage rates. (more...)
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