Majority of Wall Street pans Trump’s Fed picks, Stephen Moore and Herman Cain
Some on Wall Street are blasting President Donald Trump’s intentions to nominate Stephen Moore and Herman Cain to the Federal Reserve board of governors, with majorities in a CNBC Fed Survey saying the Senate should not confirm either man and...
From danger zone to sweet spot, BNY Mellon picks Europe as top global play
Much of Wall Street may consider Europe a danger zone for investors, but BNY Mellon’s Alicia Levine lists it as one of her top market plays. Levine, the firm’s chief strategist, believes big gains are in store for the battered...
Herman Cain on possible Fed nomination: ‘The people who hate me are digging up negative stuff’
Herman Cain addressed President Donald Trump’s recent announcement that he wants the former pizza chain CEO and Kansas City Fed chairman to join the Federal Reserve Board. In video posted on Facebook, Cain said that a background check would be...
Herman Cain and Stephen Moore are the beginning of Trump’s ‘politicization’ of the Fed: Barclays
President Donald Trump’s potential nominations of Stephen Moore and Herman Cain to the Federal Reserve could be the beginning of a politicization of the central bank, according to Barclays’ chief U.S. economist. “When it comes to nominees, most people that...
Deutsche Bank Middle East CEO admits market sentiment is poor for Gulf economies
Market sentiment is not great for Gulf states at the moment, Deutsche Bank’s Middle East and Africa CEO said Wednesday, acknowledging the concerns that investors have held about the region in recent years. “The private sector across the region, frankly,...
Several private firms still interested in buying Nielsen as sale process drags on
Nielsen, the media research firm famous for its TV ratings, is still contemplating an outright sale, fueled by continued private equity interest, according to people familiar with the matter. Advent International is working with Goldman Sachs Group on a bid,...
After being rocked by Trump tariffs, the solar energy business is bouncing back
At PetersenDean, the solar business is simply booming. The home improvement company offers both roofing and solar installations, and is seeing an increase in demand for solar panels thanks in large part to a mandate in California where it’s based....
White House planning executive order that aims to boost pipeline construction, lower energy prices
The White House is planning to roll out an executive order next week that aims to cut regulations, spur interstate pipeline construction and lower energy costs, according to two senior administration officials. The effort was spurred by the blockage of...
America’s bustling jobs market is still leaving some people behind
Friday’s jobs report provided some much-needed relief for those worried that the U.S. economy was in a slow walk toward recession. But for those in the labor market, employers and job seekers alike, the details are more complicated. Despite the...
After jobs report, the bull narrative is winning the argument and could take market to new highs
New highs for stocks? The bull narrative is winning the argument, for now. The S&P 500 is about 1.5% from an historic high, and recent data may help make a run at that record. Friday’s nonfarm payroll report, with 196,000...
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