All News Results

  • China Will Live Or Die by Its Digital Economy

    For China, technological leadership is an existential issue. The world's second-largest economy has a lot of problems: heavy debt, a rapidly aging population and increasing hostility from its largest trading partner, the U.S. Yet the nation's dynamic, entrepreneurial information-technology sector is a reason for optimism.

  • Gold futures settle at highest in over 2 weeks

    Gold futures climbed Monday to settle at their highest in more than two weeks. Weak eurozone economic data raised worries over a slowdown in the global economy, as well as uncertainty surrounding U.S.-China trade talks and Iran tensions, combined to lift the metal's haven appeal. December gold gained $16.40, or 1.1%, to settle at $1,531.50 on Comex.

  • Gold ends at highest in over 2 weeks as eurozone data feed global growth fears

    By Myra P. Saefong and William Watts, MarketWatch. Palladium up 3rd straight session, ekes out another record finish. Gold prices rose Monday to settle at their highest in more than two weeks, getting a boost from a round of downbeat data out of the eurozone that underlined worries about global growth prospects, as traders continued to keep an eye on U.S.-China trade talks and tensions surrounding Iran.

  • New York Fed president defends his bank from criticism over the way it handled turmoil in money market

    His predecessor, William Dudley, gives his support. Federal Reserve Bank of New York President John Williams on Monday defended his regional bank from the criticism that it had been slow to react to unsettling conditions in short-term lending markets last week. "We were prepared for such an event, acted quickly and appropriately, and our actions were successful," Williams said, in a speech at New York Fed headquarters.

  • Is the stock market putting in a top? Here's why that would be 'very unusual' right now

    Stocks tend to do' very well' as economic inflection point nears: economist. Bears contend the stock market's largely sideways action over the last year signals a top may already be near, if not already established. But that would be out of keeping with recent history, says one economist.

  • Chile's Codelco issues $2 bln in bonds as copper prices slump

    Chile's state copper miner Codelco has issued dollar-denominated bonds totaling $2 billion, according to IFR, Refinitiv’s capital markets news service, as it seeks to press on with an overhaul of its mines even as a trade war has pummeled copper prices.

  • Best’s Market Segment Report: Farm Bureaus Maintain Favorable Credit Ratings Despite Limited Business Profiles

    AM Best-rated farm bureaus within the U.S. property/casualty segment have experienced steady growth in net premiums written in the past decade, unlike their life/annuity counterparts, which have seen more premium fluctuation, according to a new AM Best report.

  • New Union-Owned Mortgage Company Now Serving New York's Working Families

    NEW YORK, Sept. 23, 2019 New York's 2.5 million union members have a new mortgage company on their side. Union Plus Mortgage Company is owned by the AFL-CIO, Union Plus and a group of AFL-CIO affiliated unions to provide more mortgage options to union members, including access to the Union Plus Mortgage Assistance Program.

  • Vape sales are falling on fears about the outbreak of vaping-related lung illness

    Accessories maker Greenlane's (GNLN) stock down almost 4%, bringing its three-month losses to 58%. The vaping-related lung disease that has infected more than 530 Americans and caused eight deaths is hurting sales of vapes, which have been on an upsurge as more states legalize cannabis for medical or recreational use. Research from Jane Technologies Inc. analyzing dispensary sales data found the market share for vapes was down 15% in the first week of September with medical states,...

  • GDP Growth Expected to Hold Steady -- Data Week Ahead Update

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0900 S&P/Case-Shiller 20- City Jul +2.1% +2.1% HPI Y/Y 1000 Consumer Confidence Sep 133.0 135.1 1000 Richmond Fed Svy Sep 0 1 Wednesday 1000 New Homes Sales Aug 660 K 635 K-- percent change Aug +3.9% -12.8% Thursday 0830 Jobless Claims Sep 21 212 K 208 K 0830 Real GDP 2 Q +2.0% +2.0%* 0830 GDP Prices 2 Q +2.4% +2.4%* 1000...

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