The Fed’s policy switch may be too late to save the economy from fading
The Federal Reserve’s policy pivot this week may be too late to save an economy that is suddenly struggling to avoid grinding to a halt. For the first time since before the financial crisis, short-term government bonds are yielding above...
Smaller prime brokers find new ways to gain foothold on slippery FX ladder
Offering FX and non-FX services via a shared platform is a key trend in the boutique prime brokerage market, particularly when servicing clients who need to be able to optimize their collateral by using a limited number of intermediaries. Larger...
Trump says GDP would have topped 4% if Fed had halted rate hikes sooner
U.S. economic growth would be much stronger had the Federal Reserve stopped raising rates sooner, President Donald Trump said in an interview that aired Friday. “If we didn’t have somebody raising interest rates and do quantitative tightening we would have...
Deutsche Bank top management gets bonuses for first time in four years
Deutsche Bank’s management board members were handed their first bonuses in four years, according to the bank’s annual report published on Friday. The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from...
Lyft to investors: We’ll get to 20 percent margins…someday
Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up the first week of its “roadshow,” a series of presentations across major U.S....
Boeing’s 737 Max could single-handedly hit US GDP if production is halted, JP Morgan says
A production halt of Boeing’s 737 Max jets could be felt well beyond the aerospace giant’s quarterly profits, according to J.P. Morgan. Michael Feroli, the bank’s chief U.S. economist, said in a note to clients that annualized U.S. GDP could...
The bond market is flashing its biggest recession sign since before the financial crisis
Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term government fixed income yields are now ahead of...
Mortgage rates just tanked thanks to the Fed – and they could go even lower
Mortgage rates fell quickly after the Fed’s announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting...
Go-Pay sets out to ‘strengthen’ its digital wallet presence in cash-reliant Indonesia
Digital payment is becoming increasingly popular in Indonesia — yet 99 percent of transactions by volume are carried out using cash, according to management consultancy McKinsey and Company. To tap the massive potential of Indonesia’s electronic payment market, Go-Pay —...
Levi Strauss prices IPO at $17 a share
Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to...
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