Markets & Economy
CBOE Website Jammed As Bitcoin Futures Trading Makes Debut
Mon, 11 Dec 2017 12:28:37 GMT
The first ever Bitcoin futures trading in the world made its bullish debut on a major U.S. exchange Sunday evoking immense response from traders.
Icahn makes four nominations for Xerox board
Mon, 11 Dec 2017 12:24:46 GMT
(Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's board of directors, the company said on Monday.
Hotly anticipated bitcoin futures ease off after 22 percent surge
Mon, 11 Dec 2017 12:21:10 GMT
NEW YORK/SYDNEY/LONDON (Reuters) - Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use.
BCC Trims UK Growth Outlook On Brexit Uncertainty
Mon, 11 Dec 2017 12:19:21 GMT
The British Chambers of Commerce on Monday downgraded its growth projection citing weak household spending and business investment through the forecast period and less contribution from net trade due to Brexit uncertainty.
Contenders emerge for the No. 2 Fed job as search narrows
Mon, 11 Dec 2017 12:18:00 GMT
The Federal Reserve Bank of New York will soon narrow its search for candidates to fill what is considered the Fed's second-most powerful job.
Uber's London license appeal to be heard next year
Mon, 11 Dec 2017 12:17:54 GMT
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
Apple aims to block climate, rights proposals with quick use of SEC guidance
Mon, 11 Dec 2017 12:07:19 GMT
BOSTON (Reuters) - Apple Inc is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights.
Apple aims to block climate, rights proposals with quick use of SEC guidance
Mon, 11 Dec 2017 12:07:19 GMT
BOSTON (Reuters) - Apple Inc is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights.
Fed's incoming chair Powell faces an early test of his policy view as tax cuts near approval
Mon, 11 Dec 2017 12:01:00 GMT
The incoming Fed chair appears set to let an expected tax cut run its course as weak wage growth and inflation buttress his view that the economy remains underpowered.
VeriFone Systems Q4 Earnings In Focus (PAY)
Mon, 11 Dec 2017 11:58:24 GMT
Payments and commerce solutions provider VeriFone Systems, Inc. is scheduled to report fourth-quarter results on December 12.
Portugal Trade Deficit Widens As Imports Surge
Mon, 11 Dec 2017 11:51:23 GMT
Portugal's merchandise trade deficit widened in October, as exports growth was outpaced by a surge in imports, preliminary data from Statistics Portugal showed Monday.
Bitcoin futures steal spotlight, momentum keeps pushing stocks up
Mon, 11 Dec 2017 11:47:08 GMT
LONDON (Reuters) - World stocks climbed and equity volatility neared a record low on Monday as investors focused on strong economic growth signs ahead of a slew of interest rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession.
Futures Suggest Rally Mood For Wall Street
Mon, 11 Dec 2017 11:45:01 GMT
The major highlight on Monday is the JOLTS data for October. The consensus is for a slight growth. Asian shares closed higher, while European shares are trading mostly up. Investors are keeping an eye out for the monetary policy announcement in next week and also the geopolitical developments.
Carrefour's Brazilian unit elects Malige as chairman
Mon, 11 Dec 2017 11:31:52 GMT
SAO PAULO (Reuters) - The board at the Brazilian unit of French retailer Carrefour has elected Matthieu Malige as chairman, it said in a statement on Monday.
China's Bank Lending Rises In November
Mon, 11 Dec 2017 11:12:15 GMT
China's bank lending increased in November despite measures taken by the government to curb credit growth, the People's Bank of China showed Monday.
European Shares Hold Steady Ahead Of Central Bank Meetings
Mon, 11 Dec 2017 10:50:43 GMT
European stocks held steady near four-week highs on Monday, with U.K. markets outperforming, as the pound held weaker and investors turned their focus on a plethora of central bank meetings scheduled this week.
Earnings In Focus - Dec. 11 (CASY, KMG, YGE)
Mon, 11 Dec 2017 10:30:48 GMT
What's in store for Casey's General Stores Inc. (CASY), KMG Chemicals Inc. (KMG), and Yingli Green Energy Holding Co. Ltd. (YGE) in today's earnings announcement£
UK needs regulatory freedom from the EU to strike trade deals: Legatum Institute
Mon, 11 Dec 2017 08:52:00 GMT
Matthew Elliott, senior fellow at Legatum Institute, speaks about the next phase of Brexit negotiations.
2017 has been strongest IPO market since 2007: Baker McKenzie
Mon, 11 Dec 2017 08:47:00 GMT
Adam Farlow, EMEA head of capital markets at Baker McKenzie, speaks about IPO trends this year and next.
Uber facing regulatory battles across Europe
Mon, 11 Dec 2017 08:43:00 GMT
CNBC's Arjun Kharpal speaks about the legislative difficulties facing the ride-hailing company.
Underlying fundamentals of emerging markets are the biggest buffer: Lombard Odier
Mon, 11 Dec 2017 08:39:00 GMT
Salman Ahmed, chief investment strategist at Lombard Odier Investment Managers, and Luca Paolini, chief strategist at Pictet Asset Management, speak about investing.
Bitcoin trading is reckless: Lombard Odier
Mon, 11 Dec 2017 08:34:00 GMT
Luca Paolini, chief strategist at Pictet Asset Management, and Salman Ahmed, chief investment strategist at Lombard Odier Investment Managers, discuss the rise of bitcoin.
Asian Shares Rise After US Jobs Report
Mon, 11 Dec 2017 08:25:08 GMT
Asian stocks closed broadly higher on Monday after data showed the U.S. economy created more jobs than expected last month and the U.K. reached a divorce deal with the European Union, setting stage to move on to future trade talks post-Brexit.
Markets optimistic about US tax plan, Brexit risk disappearing: Pro
Mon, 11 Dec 2017 08:21:00 GMT
Luca Paolini, chief strategist at Pictet Asset Management, says that "next year is not going to be as good as this year" for equities.
European markets open higher ahead of Fed, ECB meetings
Mon, 11 Dec 2017 08:06:00 GMT
European stocks open higher as investors focus on two upcoming monetary policy meetings.
Will Uber's London ban be overturned£
Mon, 11 Dec 2017 07:51:00 GMT
CNBC's Arjun Kharpal discusses the future of ride-hailing firm Uber's position in London.
China still in a bull market, says one Credit Suisse analyst
Mon, 11 Dec 2017 07:47:00 GMT
David Sneddon, global head of technical analysis at Credit Suisse, speaks about moves in the Shanghai composite index.
Don't see anything worrying markets in near term: Credit Suisse
Mon, 11 Dec 2017 07:42:00 GMT
David Sneddon, global head of technical analysis at Credit Suisse, speaks about markets following U.S. nonfarm payroll data out last Friday.
Only value of bitcoin is allowing anonymous exchange: Strategist
Mon, 11 Dec 2017 07:09:00 GMT
Salman Ahmed, chief investment strategist at Lombard Odier Investment Managers, speaks about legitimizing bitcoin and other cryptocurrencies.
Ford's November China vehicle sales drop 8 percent year-on-year
Mon, 11 Dec 2017 06:57:43 GMT
(Reuters) - Ford Motor Co's sales in China fell 8 percent in November from a year ago, following a 5 percent decline in October, the U.S. automaker said on Monday.
Uber London license appeal hearing to take place
Mon, 11 Dec 2017 06:56:00 GMT
CNBC's Arjun Kharpal reports from Westminster Magistrates' Court on the future of ride-hailing firm Uber in the U.K. capital.
European Economics Preview: France Business Sentiment Data Due
Mon, 11 Dec 2017 06:54:05 GMT
Business sentiment survey data from France is due on Monday, headlining a light day for the European economic news.
European Shares To Open On Firm Note Ahead Of Central Bank Meetings
Mon, 11 Dec 2017 06:47:18 GMT
European stocks look set to open higher on Monday as stronger-than-expected U.S. job growth figures for November as well as progress in Brexit talks added to optimism about global growth.
Calling US tax reform 'sweeping' might be an overstatement: Expert
Mon, 11 Dec 2017 06:13:00 GMT
Mary Jo Jacobi, former assistant secretary of commerce for the U.S. government, speaks about potential tax reform in the U.S.
Investors realizing QE is starting to play out as major growth positive: Pro
Mon, 11 Dec 2017 06:13:00 GMT
Valentin Marinov, managing director and head of G-10 FX research at Credit Agricole, speaks about how central bank policy is impacting major currencies.
Watch Out For BLUE, BPMC, GBT, KURA, KDMN, SYRS Today
Mon, 11 Dec 2017 04:30:50 GMT
Today's Daily Dose brings you news about AstraZeneca's phase I/II study evaluating Acalabrutinib alone and in combination in chronic lymphocytic leukemia; bluebird's update on LentiGlobin gene therapy product candidate in patients with severe sickle cell disease and Kura's phase II study results of Tipifarnib in patients with chronic myelomonocytic leukemia.
Rohingya curries and Syrian sweets from refugees are making start-up a hit
Mon, 11 Dec 2017 03:43:00 GMT
A food delivery start-up that works with refugees has sold more than 40,000 meals, made profits and grew.
Asian Markets Higher With Modest Gains
Mon, 11 Dec 2017 03:18:39 GMT
Asian stock markets are in positive territory on Monday after U.S. stocks closed higher on Friday following the release of stronger-than-expected U.S. jobs data for November. However, gains are modest in most markets in the region as investors looked ahead to the U.S. Federal Reserve's monetary policy decision due on Wednesday.
Japan M2 Money Stock Climbs 4.0% On Year In November
Mon, 11 Dec 2017 00:18:44 GMT
The M2 money stock in Japan was up 4.0 percent on year in November, the Bank of Japan said on Monday - coming in at 987.8 trillion yen.
Bangladesh minister says wants to 'wipe out' Manila bank for heist role
Mon, 11 Dec 2017 00:14:15 GMT
DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year.
Mediaset hopes truce with Vivendi to come with content deal with Telecom Italia: media
Sun, 10 Dec 2017 23:00:45 GMT
MILAN (Reuters) - Mediaset's chief executive said he hoped the shared interest over TV content with Telecom Italia (TIM) could pave the way to a truce with France's Vivendi , speaking in a interview published late on Sunday.
New Zealand Credit Card Spending Jumps 1.4% In November
Sun, 10 Dec 2017 22:48:44 GMT
Overall credit card spending in New Zealand climbed a seasonally adjusted 1.4 percent on month in November, Statistics New Zealand said on Monday.
Japan Machine Tool Orders Due On Monday
Sun, 10 Dec 2017 22:33:44 GMT
Japan will on Monday release preliminary November numbers for machine tool orders, highlighting a modest day for Asia-Pacific economic activity. In October, machine tool orders surged 49.8 percent on year.
New Zealand Credit Card Spending Rises 1.4% In November
Sun, 10 Dec 2017 22:18:44 GMT
verall credit card spending in New Zealand was up a seasonally adjusted 1.4 percent on month in November, Statistics New Zealand said on Monday.
Steinhoff calls in Moelis and AlixPartners to advise ahead of lenders' meeting
Sun, 10 Dec 2017 20:25:59 GMT
BERLIN (Reuters) - Troubled international retail conglomerate Steinhoff , whose shares plunged last week after disclosing accounting problems, said on Sunday it had appointed two advisory firms ahead of a meeting with lenders on Dec. 19.
Repatha & Praluent: A Tale Of Two Rivals...
Sun, 10 Dec 2017 11:15:24 GMT
Rivalry is the life of trade, and it makes for some of the most compelling stories. The pharma industry, one of the fastest-growing economic sectors, too is dotted with many rivalry stories.
Landlords are pushing back vs. retail closures, and the biggest losers are Starbucks, Whole Foods
Sat, 09 Dec 2017 16:58:00 GMT
Two recent court cases have ruled in retail landlords' favor against Starbucks and Whole Foods store closures.
BRAZIL: Ibovespa Rises, But Worries Remain About Pension Reform
Sat, 09 Dec 2017 13:12:02 GMT
Ibovespa, the benchmark stock index in Brazil, closed up 0.33% at 72,731.84 points Friday, tracking markets abroad and boosted by expectations on the pension reform's approval by the Brazilian House of Representatives still in 2017. However, the index lost strength near the end of the session as investors turned skeptical on the reform prospects. In the week, after strong volatility, the Ibovespa rose 0.65%.
VALE: It Is Impossible To Know When Samarco Will Resume Activity, Says CEO
Sat, 09 Dec 2017 12:51:00 GMT
More than two years after the break of a Samarco dam in Brazil caused one of the worst environmental disasters ever recorded, it is impossible to say when the company would resume its operations, said Vale's CEO Fabio Schvartsman at the "Vale Day" in London. Samarco is a joint-venture between Vale and BHP Billiton.
Southern California wildfires burn up 'several hundred acres' of avocado groves
Sat, 09 Dec 2017 00:07:00 GMT
With avocado crop losses mounting in the California wildfires, we could pricing impacts, says an industry official.
SEC to delay mutual fund disclosures in cybersecurity push
Fri, 08 Dec 2017 21:54:19 GMT
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity.
JC Penney launches subscription box for big and tall men
Fri, 08 Dec 2017 21:28:00 GMT
J.C. Penney is the latest retailer to jump on the subscription box bandwagon.
Dow, S&P 500 Reach Record Closing Highs On Upbeat Jobs Data - U.S. Commentary
Fri, 08 Dec 2017 21:14:19 GMT
With traders reacting positively to the closely watched monthly jobs report, stocks moved mostly higher during trading on Friday. The upward move on the day lifted the Dow and the S&P 500 to new record closing highs.
BRAZIL: House To Vote Pension Reform On Dec 18, Says Congressional Leader
Fri, 08 Dec 2017 21:03:47 GMT
The vote on the pension reform bill in the Brazilian House of Representatives should occur on December 18, said the ruling coalition speaker Aguinaldo Ribeiro (PP-PB) after a dinner with President Michel Temer on Thursday, reported the official news agency, Agˆncia Brasil.
BRAZIL: President Expects Senate To Vote On Pension Reform In February
Fri, 08 Dec 2017 20:55:35 GMT
Brazilian President Michel Temer spoke about the expectation of a Senate floor vote on the pension reform bill in February.
BRAZIL: Annual Inflation Rises Less Than Expected In November
Fri, 08 Dec 2017 20:48:24 GMT
The annual inflation in Brazil slowed down to 2.50% in November, from 2.70% in October, and remained below economists projections of a 2.88% rate. It is also at the bottom of the country's central bank target, which ranges from 2.5% to 6.5% per year.
Trump says fines against Wells Fargo could be increased
Fri, 08 Dec 2017 20:44:50 GMT
WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be...
Congressman Nunes Cleared Of Disclosing Classified Information
Fri, 08 Dec 2017 19:31:39 GMT
A House Ethics Committee investigation has cleared House Intelligence Committee Chairman Devin Nunes, R-Calif., of accusations of disclosing classified information. The investigation had led Nunes to step aside from leading a probe into alleged Russian meddling in last year's elections.
Amazon shows how corporations are taking on roles once performed by governments
Fri, 08 Dec 2017 19:25:00 GMT
In functional arenas from room-letting to transportation to commerce, persons will be increasingly subject to corporate, rather than democratic, control.
The economy's biggest mystery — paychecks just aren't growing
Fri, 08 Dec 2017 19:22:00 GMT
The 228,000 jobs created formed a solid foundation, but the moribund 2.5 percent wage growth left many scratching their heads.
Cooling gun sales, dampened profit outlook sends owner of Smith & Wesson sharply lower
Fri, 08 Dec 2017 19:14:00 GMT
American Outdoor Brands sank more than 12 percent after warning about a tougher firearms market and slashing guidance.
Rep. Franks Stepping Down Over Discussions Of Surrogacy With Female Staffers
Fri, 08 Dec 2017 18:52:01 GMT
Congressman Trent Franks, R-Ariz., announced Thursday he will step down at the end of January after the House Ethics Committee launched an investigation of the conservative lawmaker.
Dina Powell, Goldman Sachs veteran, is stepping down as White House deputy national security advisor
Fri, 08 Dec 2017 18:35:00 GMT
Powell joined the Trump administration during the presidential transition and was seen as a close ally of Jared Kushner.
Trump Urges Alabama Voters To Support Roy Moore
Fri, 08 Dec 2017 18:34:14 GMT
Despite allegations of sexual misconduct against Alabama Republican Senate candidate Roy Moore, President Donald Trump is urging voters to support the former state Supreme Court chief justice.
U.S. tax repatriation plan may not cure long-term dollar weakness
Fri, 08 Dec 2017 17:15:59 GMT
NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade...
Stocks Remain Mostly Positive On Upbeat Jobs Data - U.S. Commentary
Fri, 08 Dec 2017 17:03:28 GMT
After an early move to the upside, stocks remain mostly positive in mid-day trading on Friday. With the upward move on the day, the major averages are adding to the gains posted in the previous session.
Lawmakers Pass Stopgap Spending Bill To Avoid Government Shutdown
Fri, 08 Dec 2017 16:40:44 GMT
With a Friday deadline looming, lawmakers in the House and Senate voted Thursday to approve a short-term spending bill to avoid a government shutdown. The legislation extends government funding until December 22nd, giving lawmakers time to negotiate a longer-term spending bill.
U.S. Wholesale Inventories Drop More Than Expected In October
Fri, 08 Dec 2017 16:31:16 GMT
A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. decreased by more than expected in the month of October. The report said wholesale inventories fell by 0.5 percent in October after inching up by a downwardly revised 0.1 percent in September.
U.S. Wholesale Inventories Drop More Than Expected In October
Fri, 08 Dec 2017 16:31:16 GMT
A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. decreased by more than expected in the month of October. The report said wholesale inventories fell by 0.5 percent in October after inching up by a downwardly revised 0.1 percent in September.
U.S. Consumer Sentiment Unexpectedly Deteriorates In December
Fri, 08 Dec 2017 16:07:01 GMT
Reflecting a deterioration in consumer expectations, the University of Michigan released a report on Friday showing an unexpected decrease in U.S. consumer sentiment in the month of December. The report said the preliminary reading on the consumer sentiment index for December fell to 96.8 from the final November reading of 98.5.
U.S. Consumer Sentiment Unexpectedly Deteriorates In December
Fri, 08 Dec 2017 16:07:01 GMT
Reflecting a deterioration in consumer expectations, the University of Michigan released a report on Friday showing an unexpected decrease in U.S. consumer sentiment in the month of December. The report said the preliminary reading on the consumer sentiment index for December fell to 96.8 from the final November reading of 98.5.
A departure with implications for investors: Disney's John Lasseter
Fri, 08 Dec 2017 15:58:00 GMT
The departure of John Lasseter, the chief creative officer of Pixar, may have an impact on investors, the NYT reports.
Upbeat Jobs Data Contributes To Strength On Wall Street - U.S. Commentary
Fri, 08 Dec 2017 15:52:07 GMT
Stocks have moved mostly higher in early trading on Friday, adding to the gains posted in the previous session. With the upward move, the major averages are climbing back further toward their recent record highs.
UBS investment bank head wary on 2018 outlook
Fri, 08 Dec 2017 15:51:21 GMT
ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.
City of London sticks to Brexit plans despite progress
Fri, 08 Dec 2017 15:51:01 GMT
LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.
Sysco Orders 50 Tesla Trucks
Fri, 08 Dec 2017 15:38:46 GMT
Sysco Corp. is looking ahead to own 50 fully electric semi tracks to be launched by Tesla. The new electric tractors could run 500 miles on a single charging. The order from the food service distribution giant that owns more than 7000 trucks is worth up to $10 million.
Strong November jobs report shows solid economy and best of all worlds for stocks
Fri, 08 Dec 2017 15:10:00 GMT
November's solid jobs gain and modest wage growth show a strong economy with still low inflation, perfect for stock gains.
Currency trading app adds crypto feature, has a ‘tough’ time during bitcoin rally
Fri, 08 Dec 2017 14:59:00 GMT
When Revolut decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty.
Trump advisor Cohn: 'We're still not growing wages in this country'
Fri, 08 Dec 2017 14:53:00 GMT
The Trump administration is concerned about the lack of wage growth White House economic advisor Gary Cohn says.
U.S. Employment Jumps More Than Expected But Wage Growth Misses Estimates
Fri, 08 Dec 2017 14:16:51 GMT
Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday, although the report also showed weaker than expected wage growth during the month. The report said non-farm payroll employment jumped by 228,000 jobs in November.
U.S. Employment Jumps More Than Expected But Wage Growth Misses Estimates
Fri, 08 Dec 2017 14:16:51 GMT
Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday, although the report also showed weaker than expected wage growth during the month. The report said non-farm payroll employment jumped by 228,000 jobs in November.
Economy firing on all cylinders as November job growth tops hopes
Fri, 08 Dec 2017 14:15:00 GMT
The economy created 228,000 jobs in November while the unemployment rate held steady at 4.1 percent.
Wall Street Concerned Over Bitcoin Future Trading
Fri, 08 Dec 2017 14:13:38 GMT
Wall Street's biggest banks and clearing houses have expressed concern over federal regulators granting approval for bitcoin future trading without adequate dialogue and precaution.
Upbeat Jobs Data May Lead To Strength On Wall Street
Fri, 08 Dec 2017 14:02:38 GMT
The major U.S. index futures are pointing to a higher opening on Friday following the release of the closely watched monthly jobs report.
Stocks May Open Higher Following Upbeat Jobs Data - U.S. Commentary
Fri, 08 Dec 2017 13:52:02 GMT
Following the release of the closely watched monthly jobs report, stocks may move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 62 points.
U.S. Employment Jumps More Than Expected In November
Fri, 08 Dec 2017 13:39:15 GMT
Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday. The report said non-farm payroll employment jumped by 228,000 jobs in November after surging up by a revised 244,000 in October.
Italy's Economic Growth Likely To Slow A Little In 2018
Fri, 08 Dec 2017 13:32:51 GMT
Despite performing fairly well ahead of the election, the Italian economy is likely to underperform in 2018, Jack Allen, an economist at Capital Economics, said.
Poland's Tightening Cycle Likely To Begin In Early 2018
Fri, 08 Dec 2017 13:16:16 GMT
Despite the central bank governor's dovish rhetoric, which belied the shift in sentiment across the monetary policy council as a whole, the start of a tightening isn't far away in Poland, Liam Carson, an economist at Capital Economics, said.
UK GDP Growth Momentum Stable In Nov: NIESR
Fri, 08 Dec 2017 12:56:38 GMT
UK economic growth sustained its momentum in the three months to November, supported by the service sector and industrial production, the National Institute of Economic and Social Research said on Friday.
Patreon Changes Payment Structure; Creators Concerned
Fri, 08 Dec 2017 12:53:29 GMT
Patreon, the crowdfunding platform for artists, announced Wednesday a change in its payment structure that it says will help creators keep more money. Meanwhile, many are concerned that the change may discourage their patrons from pledging.
UK Industrial Output Remains Flat; Manufacturing Continues To Rise
Fri, 08 Dec 2017 12:26:00 GMT
UK industrial production remained unchanged in October, while manufacturing continued to expand on car production. Industrial production remained flat, as expected, after expanding 0.7 percent in September, data from the Office for National Statistics revealed Friday.
UK Industrial Output Remains Flat; Manufacturing Continues To Rise
Fri, 08 Dec 2017 12:26:00 GMT
UK industrial production remained unchanged in October, while manufacturing continued to expand on car production. Industrial production remained flat, as expected, after expanding 0.7 percent in September, data from the Office for National Statistics revealed Friday.
Top Stock Gainers & News Inspiring Rally - SAGE, HOME, VHI, FSLR
Fri, 08 Dec 2017 12:21:18 GMT
Sage Therapeutics Inc. (SAGE), At Home Group Inc. (HOME), Greif Inc. (GEF), Valhi Inc. (VHI), and First Solar Inc. (FSLR) were among the top gainers on Thursday, Dec. 7, 2017.
Slovakia Trade Surplus Falls In October
Fri, 08 Dec 2017 12:02:50 GMT
Slovakia's foreign trade surplus decreased in October from a year ago, as imports grew faster than exports, data from the Statistical Office of the Slovak Republic showed Friday.
Wall Street To Open Higher Ahead Of Employment Report
Fri, 08 Dec 2017 11:53:55 GMT
The Labor Department's Employment situation report for the November is highly awaited on Friday as it would give a picture after the hurricane season. Economists are expecting to hold the unemployment rate at 4.1 percent.
Brazil Inflation Slows In November
Fri, 08 Dec 2017 11:44:06 GMT
Brazil's monthly inflation eased more-than-expected in November after accelerating in the previous month, mainly due to the continued fall in food prices, preliminary data from IBGE showed Friday.
Greece Inflation Accelerates In November
Fri, 08 Dec 2017 11:37:37 GMT
Greece's consumer price inflation accelerated in November after easing in the previous month, figures from the Hellenic Statistical Authority showed Friday.
Decade in the making: post-crisis banking rules finally signed
Fri, 08 Dec 2017 11:33:00 GMT
Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, capping a decade of effort to make banks more resilient even if they fell short of their own initial hopes.
Trump Is Fit; Medical Records To Be Released Next Year: White House
Fri, 08 Dec 2017 11:28:24 GMT
The White House has ruled out any health hazards for President Donald Trump and announced that his medical records would be released next year after conducting a physical check-up.
Uber's licence just got suspended in another British city
Fri, 08 Dec 2017 11:10:00 GMT
Uber can continue to operate in Sheffield until Dec. 18, and if it chooses to appeal the suspension, it can still run until that appeal is heard.
Britons' 1-Year Ahead Inflation Expectations Rise: BoE/TNS Survey
Fri, 08 Dec 2017 11:03:48 GMT
Britons' one-year ahead inflation expectations rose slightly in November, according to a quarterly Inflation Attitudes Survey from the Bank of England and TNS.
It sure looks like tax cut money is going to be spent on buybacks instead of hiring people or giving them raises
Fri, 08 Dec 2017 11:00:00 GMT
Critics of the GOP-sponsored plan say companies will use the windfall to reward investors with share buybacks.
German Exports Fall Unexpectedly; Imports Rebound
Fri, 08 Dec 2017 10:55:30 GMT
Germany's exports declined unexpectedly in October, while imports rebounded at a faster-than-expected pace on domestic demand, data from Destatis showed Friday. Exports decreased 0.4 percent month-on-month in October, the same as seen in September. Shipments were forecast to grow 1 percent. This was the second straight decline in exports.
German Exports Fall Unexpectedly; Imports Rebound
Fri, 08 Dec 2017 10:55:30 GMT
Germany's exports declined unexpectedly in October, while imports rebounded at a faster-than-expected pace on domestic demand, data from Destatis showed Friday. Exports decreased 0.4 percent month-on-month in October, the same as seen in September. Shipments were forecast to grow 1 percent. This was the second straight decline in exports.
Iceland Q3 Economic Growth Eases
Fri, 08 Dec 2017 10:50:38 GMT
Iceland's economic growth eased for the third straight quarter in the three months ended September, figures from Statistics Iceland showed Friday.
Coinbase was number one on Apple's app store after bitcoin’s wild surge
Fri, 08 Dec 2017 10:39:00 GMT
Coinbase said its site has been experiencing "record high traffic” after bitcoin's price soared.
Turkey Retail Sales Rise In October
Fri, 08 Dec 2017 10:24:47 GMT
Turkey's retail sales increased for the first time in four months in October, though slightly, figures from the Turkish Statistical Institute showed Friday.
Beauty industry striving for diversity, analyst says
Fri, 08 Dec 2017 10:19:00 GMT
Charlotte Libby, global color cosmetics and fragrance analyst at Mintel, discusses consumer trends in the industry.
European Shares Surge Led By Banks
Fri, 08 Dec 2017 10:03:39 GMT
European stocks rose sharply to hit one-week high on Friday after the U.S. Congress passed a stopgap spending bill to keep the government funded until Dec. 22 and the U.K. and the European Union struck a deal to unlock divorce negotiations, capping months of tortuous negotiations.
Hungary's Trade Surplus Shrinks In October
Fri, 08 Dec 2017 09:52:26 GMT
Hungary's foreign trade surplus decreased notably in October from a year ago, as imports grew faster than exports, preliminary figures from the Hungarian Central Statistical Office showed Friday.
Hungary Inflation Accelerates Less Than Forecast
Fri, 08 Dec 2017 09:23:38 GMT
Hungary's consumer price inflation accelerated at a slower-than-expected pace in November, figures from the Hungarian Central Statistical Office showed Friday.
Brexit a difficult issue to trade on, economist says
Fri, 08 Dec 2017 09:22:00 GMT
Larry Hatheway, chief economist and head of investment solutions at GAM, discusses currency trading and Brexit.
Fitch: UK growth prospects for 2019 extremely uncertain
Fri, 08 Dec 2017 09:22:00 GMT
Brian Coulton, chief economist at Fitch Ratings, gives his view on U.K. economic trends to look out for as Brexit talks reach a new phase.
Sterling to be ‘one of the best performing currencies next year’: Pro
Fri, 08 Dec 2017 09:14:00 GMT
There are still upside opportunities for sterling despite a slight dip in the price Friday, Thanos Vamvakidis, global head of G10 FX strategy at Bank of America Merrill Lynch, said.
We need to be accountable at every stage of the negotiations: EU's Barnier
Fri, 08 Dec 2017 09:03:00 GMT
Michel Barnier, the European Union's chief Brexit negotiator, holds a press conference following the breakthrough in divorce talks.
Irish Prime Minnister Leo Varadkar on Brexit talks breakthrough
Fri, 08 Dec 2017 08:34:00 GMT
Varadkar speaks to reporters about the status of Ireland given the progress made in Brexit negotiations.
There will not be a hard Brexit, says one financial expert
Fri, 08 Dec 2017 08:14:00 GMT
Vontobel CIO Lars Kalbreier says that Brexit talks are about to become more difficult.
Sterling seesaws after Brexit breakthrough
Fri, 08 Dec 2017 08:08:00 GMT
Jane Foley, head of FX strategy at Rabobank, discusses sterling's moves given the latest Brexit news, adding that "there's still a lot of work to be done."
European shares open higher as Brexit talks pass crucial stage
Fri, 08 Dec 2017 08:08:00 GMT
European markets opened higher Friday morning as investors reacted to the latest news surrounding Brexit negotiations.
Today's agreement is UK PM May's personal success: Donald Tusk
Fri, 08 Dec 2017 08:00:00 GMT
"Breaking up is hard," says Donald Tusk, president of the European Council, of Brexit negotiations.
Newcomers in bitcoin space causing rally: Pro
Fri, 08 Dec 2017 07:52:00 GMT
MineSpider founder Nathan Williams speaks about the rise of bitcoin.
Brexit progress reveals a 'new European path ahead': ABN AMRO
Fri, 08 Dec 2017 07:41:00 GMT
Didier Duret, chief investment officer at ABN AMRO, says that Europe is not a "fortress" but is instead "pragmatic" over the issue of Brexit.
Market needs details on Brexit developments, says strategist
Fri, 08 Dec 2017 07:37:00 GMT
Francesco Curto, head of the CROCI investment strategy and valuation at Deutsche Asset, reacts to the latest Brexit news.
'Made in China' brand image will take some time to change, Ogilvy says
Fri, 08 Dec 2017 07:02:00 GMT
Things could be looking up for Chinese brands' attempts at becoming global household names.
Agreed settlement with EU that is fair to British taxpayers: UK PM May
Fri, 08 Dec 2017 06:49:00 GMT
U.K. Prime Minister Theresa May says that a "significant improvement" has been made in Brexit talks, and that there will be no hard border with Ireland.
Decision on sufficient progress in hands of EU 27: Juncker
Fri, 08 Dec 2017 06:45:00 GMT
Jean-Claude Juncker, president of the European Commission, discusses the latest developments in Brexit negotiations.
Walmart makes last-minute holiday push for procrastinators
Fri, 08 Dec 2017 05:01:00 GMT
In the final weeks of the holiday shopping season, Walmart is making its biggest push yet of the company's order online, pick up in store service.
Hotels around the world are feeling China's curbs on money leaving the country
Fri, 08 Dec 2017 04:16:00 GMT
Capital controls in China have slowed corporates' global shopping spree.
United Continental announces $3 billion buyback
Thu, 07 Dec 2017 23:27:00 GMT
The company said in a statement that this amount represents approximately 17 percent of its market value as of its Wednesday closing price.
Why California's big fire losses this year won't mean massive insurance rate hikes in 2018
Thu, 07 Dec 2017 23:10:00 GMT
Despite a disastrous year for fires in California, insurers may not find it easy to pass through big rate hikes next year.
Emails show follow-up to June 2016 Trump Tower meeting: Reports
Thu, 07 Dec 2017 22:53:00 GMT
Emails sent by Rob Goldstone raise questions about topics discussed at a June meeting in Trump Tower, CNN reported.
November seen as another strong month for hiring and wages should be on the rise
Thu, 07 Dec 2017 22:16:00 GMT
Employers are expected to have added about 200,000 jobs in November and wage growth was seen as strong, reinforcing a Fed rate hike
Morgan Stanley fires former congressman Harold Ford Jr.
Thu, 07 Dec 2017 21:03:00 GMT
Morgan Stanley has fired Democratic former congressman Harold Ford Jr., CNBC confirmed on Thursday.
Retail fraud is on the rise as companies grapple for solutions
Thu, 07 Dec 2017 19:09:00 GMT
The level of fraud as a percentage of retailers' revenues has climbed to 1.58 percent, according to a study.
New York pension fund seeks more pay disclosure from Wells Fargo
Thu, 07 Dec 2017 17:47:42 GMT
(Reuters) - New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has...
Household wealth jumps to near $97 trillion, 72 percent higher than crisis level
Thu, 07 Dec 2017 17:04:00 GMT
Household wealth rose nearly 2 percent in Q3 and is near double the level it was during the financial crisis.
Retail disruption is nothing compared to gnarly first jobs
Thu, 07 Dec 2017 16:34:26 GMT
NEW YORK (Reuters) - If any industry is in the throes of total disruption right now, it is retail.
Lululemon CEO sees huge potential in men's apparel, says 'almost halfway' to lofty sales goals
Thu, 07 Dec 2017 15:42:00 GMT
Lululemon's first-ever men's campaign fueled a 21 percent increase in new male guests ringing up purchases.
Sears shares jump as investor calls out 'alarming' short selling volume, urges retailer to consider going private
Thu, 07 Dec 2017 14:03:00 GMT
An investor in Sears Holdings is urging the embattled department store chain to consider going private.
Choppy Trading Likely To Persist On Wall Street
Thu, 07 Dec 2017 13:59:30 GMT
The major U.S. index futures are pointing to a mixed opening on Thursday, with stocks poised to extend the lackluster performance seen in the previous session.
Gross warns Fed should be 'more cautious' amid investor bond binge
Thu, 07 Dec 2017 13:20:43 GMT
NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...
Ron Paul asked his followers to rate bitcoin versus gold, dollars and Treasurys — they chose bitcoin
Thu, 07 Dec 2017 13:17:00 GMT
Former Republican congressman Ron Paul has taken to Twitter to see where his followers would invest a $10,000 gift — but there's a catch.
Column: U.S. Republicans sharpen knives for retirement program cuts
Thu, 07 Dec 2017 12:24:22 GMT
CHICAGO (Reuters) - Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time.
Gift card crime fueling opioid addiction across the US
Thu, 07 Dec 2017 12:00:00 GMT
A retail crime has become well known for feeding drug addictions. It hinges on gift cards.
General Electric to cut 12,000 jobs in power business revamp
Thu, 07 Dec 2017 11:36:00 GMT
GE announced it was axing 12,000 jobs at its global power business.
GVC ups stakes in UK gambling with $5.2 billion Ladbrokes bid
Thu, 07 Dec 2017 11:24:00 GMT
The combined company would compete with William Hill and Paddy Power Betfair.
Gaming platform Steam ditches bitcoin support, citing 'high fees and volatility'
Thu, 07 Dec 2017 09:34:00 GMT
Gamers can no longer pay with bitcoin on the gaming platform Steam.
'Catch Me If You Can' former fraudster warns against passwords
Thu, 07 Dec 2017 09:01:00 GMT
Passwords are extremely exposed to cyber criminals, Frank Abagnale, security consultant and subject of the film "Catch Me If You Can," said.
'You miss the picture' in China if you don't look at the high-end consumer, Anheuser-Busch says
Thu, 07 Dec 2017 08:31:00 GMT
The world's largest brewer is not worried about analysts' calls for a potential slowdown in the Chinese economy.
More than $60 million worth of bitcoin potentially stolen after hack on cryptocurrency site
Thu, 07 Dec 2017 08:08:00 GMT
Users highlighted the cyber breach on Reddit and Twitter Wednesday, with some saying they could lose hundreds of dollars worth of bitcoin.
China's goal to become an innovation hub is good news for Germany's Merck
Thu, 07 Dec 2017 07:13:00 GMT
German company Merck's life science and performance materials units help Chinese companies become more competitive.
Waning Risk Appetite May Weigh On Wall Street
Wed, 06 Dec 2017 13:50:55 GMT
The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks poised to see further downside following the weakness seen in the previous session.
Futures Pointing To Initial Strength On Wall Street
Tue, 05 Dec 2017 13:52:41 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the mixed performance seen in the previous session.
Cramer: GOP tax cuts good for the stock market — working Americans not so much
Mon, 04 Dec 2017 15:23:00 GMT
"I said on Friday that it may not be good for the workers, but boy is it good for the stock market," Jim Cramer says.
McKinsey & Co. senior exec Thomas Barkin named new head of the Federal Reserve Bank of Richmond
Mon, 04 Dec 2017 15:19:00 GMT
The Federal Reserve Bank of Richmond on Monday named former McKinsey & Co. executive Thomas Barkin as its next president and CEO.
GOP billionaire Ken Langone: US needs to cut debt even if it causes a recession and a stock plunge
Mon, 04 Dec 2017 14:27:00 GMT
The only way to really get America's financial house in order is to cut debt, the Home Depot co-founder says.
GOP Senator says it’s hard to fund $14 billion children’s health program—then advocates for $1 trillion tax cut
Mon, 04 Dec 2017 14:04:00 GMT
That puts health care for millions of American children at risk.
Fed rate hike is expected next week and three more increases are expected in 2018
Mon, 04 Dec 2017 13:47:00 GMT
The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists.
Senate Passage Of Tax Reform Bill May Lead To Jump On Wall Street
Mon, 04 Dec 2017 13:35:02 GMT
The major U.S. index futures are pointing to a higher opening on Monday after Senate Republicans narrowly approved a massive tax reform bill early Saturday morning.
Fed's goals include 'economic opportunity' for all: Harker
Fri, 01 Dec 2017 15:34:00 GMT
The Federal Reserve's goals include promoting inclusive "economic opportunity" for Americans of all income levels.
Major automakers post mixed November US sales results
Fri, 01 Dec 2017 15:23:00 GMT
Major automakers posted mixed U.S. November new vehicle sales for November on Friday.
Bush tax-cut architect dismisses JCT scoring of the Senate tax bill as a 'fraud'
Fri, 01 Dec 2017 14:31:00 GMT
An note from George W. Bush's former economic adviser accuses the tax committee of attempting to thwart the tax bill.
Fed's Bullard warned of a key 'bearish signal' emerging for the economy
Fri, 01 Dec 2017 14:16:00 GMT
St. Louis Fed James Bullard warned of a "bearish signal" in the economy if the Fed continues raising interest rates.
NAHB CEO: GOP is interested in our demands on the tax bill—nobody wants a housing recession
Fri, 01 Dec 2017 14:12:00 GMT
The NAHB's CEO is more upbeat after tax talks with House Speaker Paul Ryan and Rep. Kevin Brady.
Uncertainty About Tax Bill May Lead To Choppy Trading On Wall Street
Fri, 01 Dec 2017 13:51:27 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday following the strong upward move seen in the previous session. Traders may be reluctant to make any significant moves amid uncertainty about the prospects for the Senate Republican tax reform bill.
Three ways Trump's latest pick could really shake up the Federal Reserve
Thu, 30 Nov 2017 20:39:00 GMT
In Goodfriend, the Fed gets someone whose approach to monetary policy and regulation runs counter to orthodoxy.
Here's how the Senate tax bill affects people earning less than $100,000
Thu, 30 Nov 2017 16:11:00 GMT
If you're making less than $75,000, these tax cuts aren't for you.
Optimism About Tax Reform May Lead To Strength On Wall Street
Thu, 30 Nov 2017 13:57:01 GMT
The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session.
US consumer spending moderates in October, while inflation is picking up
Thu, 30 Nov 2017 13:31:00 GMT
U.S. consumer spending slowed in October as the hurricane-related boost to motor vehicle purchases faded.
US jobless claims post second weekly decline
Thu, 30 Nov 2017 13:30:00 GMT
The number of Americans filing for unemployment benefits fell last week, dropping for a second straight week as labor market conditions tightened further.
McKinsey: One-third of US workers could be jobless by 2030 due to automation
Wed, 29 Nov 2017 15:08:00 GMT
The consulting firm estimates that between 400 million and 800 million people globally could be displaced by automation.
A vital real estate tax break to preserve Main Street USA may be cut by the GOP
Wed, 29 Nov 2017 14:55:00 GMT
The fate of the tax credit to preserve historic districts on Main St. is uncertain under GOP tax reform plan.
Yellen Testimony In Focus On Wall Street
Wed, 29 Nov 2017 13:54:44 GMT
The major U.S. index futures are pointing to a mixed opening on Wednesday, as the Dow futures are up by 69 points but the Nasdaq futures are down by 4.75 points.
US third-quarter economic growth is at the fastest pace in three years
Wed, 29 Nov 2017 13:30:00 GMT
The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years.
In likely final address, Yellen calls on Congress to adopt pro-growth policies
Wed, 29 Nov 2017 13:00:00 GMT
Fed Chair Janet Yellen called on Congress to adopt policies that will get U.S. economic growth out of its "disappointingly slow" post-recession pattern.
Weekly mortgage applications fall 3.1%, as interest rates offer no incentive
Wed, 29 Nov 2017 12:00:00 GMT
Applications to refinance a home loan led the way down, falling 8 percent last week.
Powell, sounding a lot like Yellen, promises rate hikes and little policy change
Tue, 28 Nov 2017 17:54:00 GMT
For Jerome Powell, his confirmation hearing was a chance to assure senators little will change after Janet Yellen leaves.
Fed nominee Powell: Financial system 'quite strong,' backs 'tailoring' to ease up on small banks
Tue, 28 Nov 2017 16:25:00 GMT
At his Senate confirmation hearing for Fed chair, Powell says he favors "tailoring" regulations to help smaller banks.
Stocks May Open Higher Amid Focus On Capitol Hill
Tue, 28 Nov 2017 13:58:23 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the lackluster performance seen in the previous session.
Looming Fed Testimony, Data May Lead To Choppy Trading On Wall Street
Mon, 27 Nov 2017 13:49:59 GMT
The major U.S. index futures are pointing to a mixed opening on Monday, with the Dow futures up by 12 points but the Nasdaq futures down by 2 points.
Futures Pointing To Initial Strength On Wall Street
Fri, 24 Nov 2017 13:45:11 GMT
The major U.S. index futures are pointing to a higher opening on Friday as markets reopen following the Thanksgiving Day holiday on Thursday. The markets may benefit from recent upward momentum, which helped to lift the major averages to new record closing highs earlier this week.
Light Trading May Lead To Volatility On Wall Street
Wed, 22 Nov 2017 14:02:59 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, although trading activity is likely to be somewhat subdued.
Upbeat Earnings News May Lead To Strength On Wall Street
Tue, 21 Nov 2017 13:50:32 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to add to the modest gains posted in the previous session.
Political Uncertainty May Lead To Choppy Trading On Wall Street
Mon, 20 Nov 2017 13:48:44 GMT
The major U.S. index futures are pointing to a slightly higher opening on Monday, although traders may be reluctant to make significant moves amid continued uncertainty about U.S. tax reform and news of political instability in Germany.
Stocks May Show A Lack Of Direction
Fri, 17 Nov 2017 13:51:57 GMT
The major U.S. index futures are pointing to a mixed opening on Friday following the strong upward move seen in the previous session. While the Dow futures are down by 45 points, the Nasdaq futures are up by 3 points.
Stocks May Move Back To The Upside In Early Trading - U.S. Commentary
Thu, 16 Nov 2017 14:16:15 GMT
The major U.S. index futures are pointing to a higher opening on Thursday, with the Dow futures up by 83 points. The upward momentum on Wall Street comes following the weakness seen over the two previous sessions.
Overseas Weakness May Weigh On Wall Street
Wed, 15 Nov 2017 14:03:10 GMT
The major U.S. index futures are pointing to a lower opening on Wednesday following the modest weakness seen in the previous session.
Uncertainty About Tax Reform May Weigh On Wall Street
Tue, 14 Nov 2017 13:55:52 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday following the modestly higher close seen in the previous session.
Futures Pointing To Initial Weakness On Wall Street - U.S. Commentary
Mon, 13 Nov 2017 13:50:47 GMT
The major U.S. index futures are pointing to a lower opening on Monday, with the Dow futures down by 83 points. Stocks are poised to extend the modest downward move seen last week.
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