Two-year Treasury yield hits a near 10-year high despite Syria tensions
The two-year Treasury yield hit its highest level in nearly a decade Monday morning, leaving investors questioning what this could signal for America’s economy in the longer term. The short-term Treasury yield rose to 2.386 percent on Monday morning —...
Yen Making a Come Back in an Important Week for BoE and BoC
Yen is making a come back in Asian session today. The reaction to the Syria strike was muted. But risk aversion comes back with selloff in Chinese and Hong Kong stocks. Nikkei is maintaining slight gain of 0.25% at the...
Germany’s problem with China goes well beyond trade issues
China stands accused by Germany of interfering in its spheres of interest and influence in the European Union, West Balkans and Africa. Germans are also alleging that the Chinese are using their economic clout in these regions for political ends....
A solid earnings season won’t be enough to avert another correction, economist Robert Shiller says
Nobel Prize-winning economist Robert Shiller believes a strong earnings season may not be adequate to keep stocks out of the red. Despite two corrections since February, the Yale University Professor — who predicted both the dotcom bubble of the late...
Yen and Franc Ended as the Weakest Ones as Risk Aversion Temporarily Eased, Reaction to Syria Strikes Watched
Easing risk aversion was the main theme last week as Japanese Yen and Swiss Franc ended as the weakest two. It’s not the kind that investors were in euphoria. But nonetheless, major stock indices around the world ended up higher....
Bitcoin can create some sticky tax situations — here’s what experts say investors should do
In the ever-developing cryptocurrency world, everything from “bitcoin mining” to “airdrops” could add to the tax bill. “What surprised me was the number of people that I’ve spoken with that didn’t necessarily believe that many of these trades were subject...
Here’s why bank stocks are getting hit even after their earnings beat the Street
Big bank earnings may have looked nice as it pertained to the headline numbers, but when investors looked deeper they didn’t like what they saw. As a result, the stocks saw sizable declines in early trading Friday, despite earnings beats...
Fed’s Bullard says recent inflation data ‘unsurprising’
Inflation data earlier this week that showed price pressures increasing were unsurprising, St. Louis Federal Reserve President James Bullard said on Friday as he downplayed the significance for monetary policy. “Year-over-year core CPI is now above 2 percent but it...
FX: BNY Mellon diving into prime brokerage as other banks retreat
In January, BNY Mellon confirmed that it was to introduce a prime brokerage service for its institutional clients. The technology is now in production and the bank is working with a number of pilot clients to ensure the service is...
Cramer on JP Morgan’s great earnings: ‘We never thought these numbers could happen’
J.P. Morgan Chase’s “remarkable” earnings beat shows the U.S. economy is “on fire,” CNBC’s Jim Cramer said Friday. “It was a fantastic quarter” for J.P. Morgan, Cramer said on “Squawk on the Street.” “We never thought these numbers could happen.”...
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