Interest rate futures traders believe the U.S. Federal Reserve will bow to President Donald Trump’s persistent tweets pressuring the central bank to lower interest rates, and this poses a “significant” risk to Fed independence, according to research released on Monday.
The dollar edged higher while global shares slid on Monday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there.
U.S. stocks barely budged on Monday, with gains in shares of Apple offset by mixed economic data that added to caution over the prolonged U.S.-China trade war.
Lockheed Martin Corp has been awarded a NASA contract worth up to $4.6 billion to build Orion astronaut capsules, NASA said on Monday.
Whenever I write about how investing in bond funds is a losing strategy, I always receive emails asking, “What about closed-end bond funds?” My answer is an admittedly unsatisfying “it depends.”
For those who are unfamiliar with closed-end funds, here’s a brief primer…
A closed-end fund is like a mutual fund, except it trades very differently.
A mutual fund trades only at its net asset value (NAV) at the end of the day.
So if a mutual fund has $100 million in assets and 10 million shares outstanding, it will trade for $10 per share. If the next day its assets climb to $105 …read more […]
Oil ended about 1% higher on Monday after a volatile trading session as traders focused on when Saudi Arabia would be able to restore full output following the Sept. 14 attack on its facilities.
U.S. stocks barely budged on Monday, with gains in shares of Apple Inc offset by mixed economic data that added to caution over the prolonged U.S.-China trade war.
Thomas Cook’s Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.
The use of temporary workers is a key bargaining issue in negotiations between General Motors Co and the striking United Auto Workers union over a new four-year contract.
U.S. stocks were higher in late afternoon trading on Monday, helped by gains in shares of Apple Inc, though mixed economic cues in the face of a prolonged U.S.-China trade war limited the advance.
Vivendi is taking legal action against Mediaset’s plans to reshape its future after deciding to hold on to its stake in the Italian broadcaster after a deadline to sell expired.
Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025.
Massachusetts marijuana vape sales have taken a dramatic dive amid national vape-related health concerns. And Juul, the company that holds nearly 75% of electronic cigarette market share, is reacting in a way that reminds us an awful lot of the tobacco industry.
Weekly sales of oil-filled vape cartridges dropped from a recent peak of $919,776 in mid-August to $689,924 two weeks ago, according to the Massachusetts Cannabis Control Commission. Sales on September 15 were $68,609 – the lowest in two months.
The decline happened despite four new pot retailers and two medical marijuana dispensaries opening during the same period – and despite …read more […]
St. Louis Federal Reserve bank president James Bullard said on Monday he would support the creation of a standing repo facility at the Fed in the “medium term” to avoid the sort of problems that developed last week in important short-term funding markets.
St. Louis Federal Reserve President James Bullard said on Monday it was probably inevitable that the United States and China would clash on trade, given that China has not lived up to commitments made when it was allowed into the World Trade Organization.
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