Trump’s friend Carl Icahn will spend $150 million to fight Congress
What Carl Icahn will do with his Super PAC Billionaire Carl Icahn has made a lot of money by forcing corporate CEOs to quit and replacing them with better managers. Now he wants to do the same to...
View ArticleFTSE reaches two-month high after China cuts rates
* Blue-chip FTSE 100 index gains 1.5 percent * China’s central bank cuts interest rates * Miners rally on further stimulus measures * TalkTalk falls after cyber attack (Recasts, adds quote and updates...
View ArticleIt’s Oktoberfest for stocks!
Big players wow Wall Street Oom-Pah-Pah! Grab your tuba. Put on some lederhosen. And don’t forget a big old stein of beer. Wall Street is celebrating its own version of Oktoberfest. The S&P 500 has...
View ArticleChina central bank says will lower RRR at “normal” pace in future
Oct 24 China will lower the reserve requirement ratio in the future at a “normal” pace, Yi Gang, vice governor of China’s central bank, said at a conference in Beijing on Saturday. His comments came a...
View ArticleCompanies’ mad dash for debt hitting record levels
“We’ve had seven years of zero percent interest rates. People have been pushed further and further out on the risk curve,” said Michael Pento, an economist and founder of Pento Portfolio Strategies and...
View ArticleMortgage applications down 3.5% on fewer rate swings
Wide weekly swings in mortgage applications seem to have calmed down, now that new lender regulations have been in place for nearly a month. Total application volume decreased 3.5 percent on a...
View ArticleUPDATE 2-Deutsche Bank cutting 15,000 jobs as new CEO sets out strategy plan
* Bond trading business Q3 revenue up 20 pct * Bank posts record 6 bln eur Q3 pretax loss * CEO seeks to overhaul business * Shares down 6 pct (Adds job cuts, CEO quote) FRANKFURT, Oct 29 (Reuters) –...
View ArticleFed’s Brainard: Global risks warrant caution
Federal Reserve Governor Lael Brainard on Friday warned that raising U.S. interest rates could hit global growth enough to knock the U.S. economy off its current growth path. This could leave the U.S....
View ArticleStocks: More jobs & higher wages. Time to worry?
America got lots of good news Friday. Lots of people got jobs and workers saw a pay raise. Those are signs of a healthy U.S. economy, which means that we could see higher interest rates from the...
View ArticleWhat traders are watching as stocks warm up to Fed
As stocks settle into the view that the Fed may really hike interest rates this year, focus is shifting to the rising dollar. So far, the greenback has gained more than 2 percent against the euro in...
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