US durable goods orders rise 2.6% in March
Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment spending fell for the third month out of the past four. The Commerce Department says the big rise in orders for durable...
US weekly jobless claims fall to the lowest level since 1969
New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March’s slowdown in job growth was probably temporary. ous week. Initial claims for state unemployment benefits fell 24,000 to a...
Tax cuts trump the market’s recent volatility for most Americans, new study finds
The new tax law is helping households weather the blow from the recent volatility in the stock market, according to data released Thursday by a financial trade group. The American Institute of Certified Public Accountants said its index of personal...
Energy market might beat banking onto blockchain
Moody’s analyzed in April the potential downside for investors in bank bonds if blockchain technology becomes widely adopted and reduces the cost and time taken up in executing cross-border banking transactions. Colin Ellis, managing director in credit strategy, concedes: “Banks...
Barclays and Paypal announce tie-up as banks mull big tech threat
British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday. The pair aim to allow Barclays customers in the United States and...
EUR/USD Eying 1.2154 Key Support as Markets Seek ECB Draghi’s View on Q1 Slowdown
Dollar retreats mildly in Asian session today but remains the strongest one for the week. US 10 year yield finally took out 3% level overnight with some conviction. TNX hit as high as 3.035 before closing at 3.024, up 0.041....
Property risks are rising for Asia-Pacific banks: Fitch
Banks within the Asia Pacific region are set to face higher risks from property, Fitch Ratings said this month. That is, the ratings agency noted that banks in the region have achieved “relatively high exposure” to the property sector, and...
After-hours buzz: FB, T, CMG & more
Check out the companies making headlines after the bell: Shares of Facebook surged 7 percent after hours. The social networking service’s earnings and revenues both surpassed expectations. Daily and monthly active users bounced back. Average revenue per user also increased...
Bill Miller says path of least resistance for market from here is higher
Noted hedge fund manager Bill Miller is still betting stocks will rise. “The path of least resistance for U.S. stocks is higher,” Miller said in a blog post dated April 18. “I believe it remains so, and will until either...
There’s finally some good news on opiates, and it could mean a boost for the jobs picture
The toll taken by the national opioid crisis has been devastating, but there’s at least one glimmer of hope emerging that could have positive economic effects. Prescriptions for opioids dropped 12 percent in 2017, believed to be the biggest decline...
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