RBNZ Preview – Policy Rate On Hold, Overall Tone Neutral or Slightly Dovish
At the August 9 meeting (this Thursday), we expect RBNZ to leave the OCR unchanged at 1.75% and deliver a neutral to slightly dovish policy statement. Since the June meeting, data showed that economic growth moderated while inflation picked up....
Record share buybacks may be a sign the end of the bull market is near: Strategist
U.S. companies are expected to buy back a record amount of shares this year, but that may not necessarily be good news for the market, strategist John Blank told CNBC on Monday. According to a Goldman Sachs analysis, corporate buybacks...
Goldman, Morgan Stanley raise GDP outlooks, and Goldman says jobless rate could be lowest since 1953
The raft of upbeat signals recently is causing some key Wall Street economists to push up their expectations for economic growth. Both Goldman Sachs and Morgan Stanley have nudged their estimates higher for the full year in 2018. Under the...
Trump may not like Powell rate hike policy, but stocks give Fed chair high marks in first six months
President Donald Trump may not like the Fed’s interest rate policies, but the stock market doesn’t seem to mind — and it has been outperforming during Fed Chairman Jerome Powell’s first six months in office when compared with the early...
Cohn slams Facebook: ‘Banks were more responsible citizens in ’08 than some of the social media companies are today’
Former Goldman Sachs President Gary Cohn reportedly believes that banks were more trustworthy in 2008 than social media companies are today. “It’s very interesting how the world turns,” Cohn said Saturday, referring to social media’s role in the spread of...
‘Too little too late’: Bankruptcy booms among older Americans
For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for...
Hayman Capital’s Kyle Bass says US has the leverage to fight Trump’s trade war
Hayman Capital Management founder Kyle Bass said the U.S. has the upper hand during trade negotiations with China and doesn’t see the depreciation of China’s currency as problematic. “I think that we have the leverage here. China’s been fighting a...
RBA Monetary Policy Meeting: More of the Same Story
On Tuesday the Reserve Bank of Australia is scheduled to announce its monetary policy decision at 0430 GMT and markets are almost certain that the central bank will maintain interest rates at record lows as it did over the past...
San Francisco proposes an end to free tech lunches
There’s no such thing as a free lunch. And in San Francisco, where complimentary in-house meals have become one of the most attractive perks that some tech companies based here offer their employees, local restaurants are paying the price. Some...
Sterling Sold Off on Worries of No-Deal Brexit, Dollar Strong
Sterling is trading as the weakest major currency today as the talks on no-deal Brexit heat up. UK Prime Minister Theresa May’s spokesman tried to tone down the risks but the markets simply don’t listen. Swiss Franc follows as the...
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