US economy grows by 3.2% in the first quarter, topping expectations
The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years. First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday...
FX: Brazil needs to grasp the real problem
Instead, officials promised that the administration was listening to its (many) critics and described the landmark as something of a new start – which lasted about 24 hours until Bolsonaro wiped R$30 billion off the value of Petrobras with a...
Xi tells world leaders he’s committed to reforming China, but provides few details
BEIJING—Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China’s Belt and Road forum discussing his plan for national economic reforms. Much of...
Friday’s report of first quarter growth should show economy is strong and no recession in sight
Getty Images First quarter GDP likely is expected to have grown at a healthy 2.5% pace, a far cry from the early estimates of near zero growth. The first quarter was “doomed from the start,” according to Pierpont Amherst chief...
Mary Meeker, one of the most-followed technology forecasters, raises $1.25 billion for a new fund
Mary Meeker, a household name in tech investing, has raised more than $1 billion to invest out of her new fund. Meeker split with Silicon Valley investing giant Kleiner Perkins in September to start a new shop called Bond Capital....
Uncleared margin rules unlikely to clarify clearing migration
For the foreseeable future, gaps in industry infrastructure are expected to prevent the wholesale industry migration of certain physically settled products to central clearing, including FX options. It is possible that many bilateral trades will migrate into central clearing. However,...
US core capital goods orders post the biggest gain in 8 months
New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter. The Commerce Department said on Thursday orders for non-defense...
US weekly jobless claims post biggest rise in 19 months
The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week, but the underlying trend continued to point to labor market strength. Initial claims for state unemployment benefits jumped 37,000 to a seasonally...
Barings CEO: We ‘won’t be going to Russia anytime soon’
Global financial services firm Barings is not looking to invest into Russia anytime soon, its chairman and chief executive officer said Thursday. That’s because the country doesn’t meet Barings’ standards, Thomas Finke told CNBC’s Hadley Gamble in Riyadh, Saudi Arabia....
Stocks making the biggest moves midday: AT&T, Domino’s Pizza, eBay & more
Check out the companies making headlines midday Wednesday: Domino’s Pizza — Shares of Domino’s Pizza climbed 4.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. Anadarko Petroleum — The energy company’s...
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