Capital markets: Reasons to be positive on Europe
Euromoney has delved deep into the detail of just how the EU might conduct the large new borrowing programme for the €100 billion emergency SURE programme and the €750 billion recovery fund that was agreed in July. This programme was...
Fed’s Harker says it will take ‘a while’ for jobs market to heal, would be OK with inflation at 2.5%
Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia Charles Mostoller | Bloomberg | Getty Images Philadelphia Federal Reserve President Patrick Harker said Friday that it will take a significant amount of time before the U.S. sees unemployment figures...
Stocks making the biggest moves midday: Ulta, Coca-Cola, DraftKings & more
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit...
What the RBA Could Do Next to Control the Economic Qqueeze?
Australia has two key events next week in the agenda. The Reserve Bank is setting its policy on Tuesday at 03:30 GMT, while the next day at 01:30 GMT the Bureau of Statistics is releasing GDP figures for the second...
Economy, jobs, cost of living top Covid-19 fears as voters worry about their finances, CNBC/Change Research poll finds
With three months until the 2020 U.S. presidential election, a national poll finds that more than one-third of likely voters have a dismal view of their finances — and a bleak outlook for employment, wages, job security and health care....
Wirecard’s UK unit confirms plan to sell assets after disgraced payments firm goes bust
An employee demonstrates the Wirecard AG online payment smartphone app on the company’s exhibition stand at the Noah Technology Conference in Berlin, Germany, on Thursday, June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Wirecard Card Solutions, the U.K....
Dollar Shrugs Income and Spending Report, Selloff Continues
Fed chair Jerome Powell inspired a fresh round of Dollar selloff which his Jackson Hole speech, which carries on to today. Stronger than expected personal income and spending, as well as core inflation reading provide little support. Though, for now,...
Fed’s Mester says recovery will be ‘a slow one’ and more economic support is needed
The Federal Reserve will have to keep supporting the economy because the recovery from the coronavirus pandemic “is going to be a slow one,” a top official at the central bank said Friday. “There’s more pain out there that we’re...
Global CFOs now have a more positive economic outlook for China than the U.S., survey shows
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters Today the world’s leading chief financial officers have a more positive outlook...
US consumer spending rose a moderate 1.9% in July
U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless. The July...
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