All News Results

  • The Unexpected Consequences of Being Too Optimistic About Growth

    And you had such potential! Forecasters talk about the economy the way frustrated parents might about an adult son living in the basement and working at a dead end job. Barring a wave of skilled immigration or technological breakthroughs, the economy's potential growth just isn't what it used to be.

  • Stocks open higher as Dow and S&P 500 approach record highs

    U.S. stocks opened higher on Friday, pushing key equity benchmarks closer to all-time highs, as investors keyed into encouraging signs on U.S.-China trade talks. The S&P 500 was up 0.2% to trade at 3,012. The Dow Jones Industrial Average advanced 59 points, or 0.2%, to 27,152. The Nasdaq Composite rose 0.1% to 8,192. The Dow and the S&P 500 are both within a percentage point of their all-time closing highs. News reports said President Donald Trump was exempting hundreds of Chinese...

  • *Fed funds rate falls to 1.90%, within Fed's target range

    (END) Dow Jones Newswires 09-20-19 0906 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Why Hong Kong's Currency Is Still Rock Solid

    When the future of Hong Kong was hanging in the balance during Sino-British handover talks, the city's currency lost around a third of its value against the dollar in just 12 months. The Hong Kong government then decided in 1983 to peg its currency to the dollar to restore confidence. The exchange-rate system put in place then should once again weather the turmoil the city is facing.

  • *Roku's stock falls 4.5% in premarket trading

    (END) Dow Jones Newswires 09-20-19 0741 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • British stocks climb cautiously on Brexit and trade war hopes, central bank easing

    British stocks climbed higher on Friday on hopes for a Brexit deal and after U.S.-China trade talks resumed but the FTSE 100 was held back by a stronger pound. The FTSE 100 climbed 0.1% but missed out on the higher gains experienced by other European indices after European Commission President Jean-Claude Juncker said a Brexit deal was possible, lifting the pound overnight. The more domestically-focused FTSE 250 climbed 0.4% as cautious optimism returned over the U.S.-China...

  • Fed's Bullard says he dissented at Wednesday's Fed meeting because manufacturing 'appears in recession'

    Louis Federal Reserve President James Bullard on Friday explained his dissent from the Federal Open Market Committee's decision on Wednesday to reduce rates by a quarter of a percentage point to a range of 1.7%-2%. The Fed president said he sees the U.S. economy slowing "in the near horizon" and said that the manufacturing sector "already appears in recession." For that reason, Bullard said deeper cuts were more appropriate to stem the effects of slowing growth abroad and the...

  • European stocks edge higher as U.S.-China trade talks resume but investors remain wary

    European stocks edged higher on Friday as markets looked set for calm at the end of an eventful week. The Stoxx 600 rose 0.3%, the CAC climbed 0.4% and the DAX lifted 0.2% as equities built on Thursday's gains after central banks across the globe loosened monetary policy. U.S.-China trade talks resumed on Thursday for the first time in two months, boosting stocks, but gains were held back as Chinese state media played down a potential deal.

  • Pound climbs after EC's Juncker says 'we can have a deal' on Brexit

    The British pound jumped against rivals on Friday after European Commission President Jean-Claude Juncker said a Brexit deal was possible. Juncker made the comments in an interview with Sky News late Thursday and the remarks reassured some investors who are worried a no- deal Brexit for Britain was a growing possibility. "I had a meeting with Boris Johnson, the prime minster. this was a rather positive meeting, although the British press was reporting it in the other way.

  • World economic growth is 'fragile,' Lagarde says, and central banks aren't always the answer

    Former IMF chief, and presumed ECB successor, says central banks must remain predictable. World economic growth is "fragile" and "under threat," former International Monetary Fund director Christine Lagarde says, and is over-reliant on the actions of central banks. In an interview published late Thursday by Agence France-Presse, Lagarde-- who exited her IMF post last week and is in line to become president of the European Central Bank before year's end-- also said central banks should...

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