Bank of America announces new CFO, technology and legal heads in sweeping management overhaul
Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution. In a memo distributed to employees on Friday, Moynihan named a new chief financial officer, technology head, general counsel...
Democrats may rein in big estates without reforming the estate tax
Drew Angerer | Getty Images News | Getty Images Democrats may scuttle tactics used by the rich to pass wealth to heirs with little to no tax, part of a broader plan to raise money for an expansion of the...
60-year veteran of Wall Street Art Cashin reflects on 9/11 and what it took to rebuild
A day before the 20th anniversary of 9/11, veteran trader Art Cashin reflected Friday on the impact of the terrorist attacks on Wall Street, the country and him personally. Cashin, who has been an NYSE member since 1964, was in...
Canadian Employment Change in Line as Data Continues to Show Improvement
Canada’s employment change for the month of August came in roughly as expected: +90,200 vs +100,000 expected. The breakdown between full-time jobs and part-time jobs had a nice distribution, with three-fourths of the jobs going to full-time positions and one-fourth...
British fintechs are jumping into the booming buy now, pay later market
A Mastercard debit card from U.K. digital bank Monzo. Monzo LONDON — Monzo and Revolut, two of Britain’s best-known financial technology firms, are planning to enter the booming “buy now, pay later” industry. Buy now, pay later, or BNPL, plans...
Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010, the Labor Department reported Friday. The producer price index rose 0.7% for the month, above the 0.6% Dow...
CAD Rebounds on Strong Job Data, USD Turning Weaker
Canadian Dollar rebound strongly in early US session after stronger than expected job data. Commodity currencies are also generally firm with European stocks and US futures, followed by Sterling. On the other hand, Yen, Swiss Franc and Dollar are turning...
Gold Is Sell On Rallies
Gold is making another technical sell pattern in the midst of the risk on. Gold has been the best market to trade in 2021. Simply, all trades have been technically aligned and I personally have made great profits on gold...
AUD/USD Outlook: Aussie Regains Traction But Fresh Bulls Face Strong Headwinds From Falling Thick
The Australian dollar regained traction on Friday and bounced to three-day high, confirming initial reversal signal., after Thursday’s Doji candle signaled that three-day pullback from new highest in nearly two months (0.7478) lost traction. Fresh advance was underpinned by growing...
Euro Strengthens As Market Digests Recent ECB Action
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