Let’s cut to the chase. According to the BLS household survey (CPS), there were 1,446,000 fewer people working full time in August than in August 2008. That’s after an…
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
The word “gloomier” inconveniently showed up to describe CEOs outlook about sales, employment, and capital expenditures. Yet, these CEOs spend record amounts, not on productive uses such as capital expenditures or hiring more people, but on buying back their own shares.
Early openers scatty: Kiwis +0.1%, Aussies -0.3%, Nikkei +0.1% and Sth Korea +0.7%.
Mixed for Aussie sectors: Gold +0.8% down to Financials -0.9%.
It seems insane to be giving advice to Tom Hanks on how to make a TV series – something like telling Warren Buffett how to invest. But here goes:
The British pound is getting slammed as we near Scotland’s vote for independence, so the U.S. dollar is rising compared to this move.
There’s a new twist in an ongoing U.S. Securities and Exchange Commission probe into D.C.-Wall Street corruption.
For months now, the SEC has been investigating whether anyone in the federal government leaked inside information to a Washington-based investment research firm. And now up to 44 hedge funds that may have traded on that inside information are under close scrutiny.
Since December 2013, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting has been a routine exercise couched in humdrum Fedspeak and muted discussions on future monetary policy.
But with the meetings happening today (Tuesday) and tomorrow, it’s becoming clear that the Fed can’t stick to the same script for much longer, and at some point, the nation’s central bank is going to have to come clean on when it plans to raise interest rates from its near-zero levels.