Cleveland Fed President Loretta Mester says if inflation doesn’t rise, Fed could stop hikes
Cleveland Federal Reserve President Loretta Mester told CNBC on Friday the central bank could stop hiking interest rates this year if inflation doesn’t rise. The U.S. economy is “in a really good spot,” said Mester, who was a voting member...
European stocks open higher as US and China agree to hold trade talks
European shares opened higher on Friday following news that the U.S. and China will hold trade talks next week. The pan-European Stoxx 600 index rallied almost 1 percent, with all sectors and major bourses in positive territory. Basic resources stocks...
Banks are cutting back on credit-card rewards programs, WSJ reports
Large financial institutions including JP Morgan Chase & Co, Citigroup Inc , and American Express Co are cutting back or altering some of the rewards plans that their credit card businesses offer borrowers, the Wall Street Journal reported on Tuesday....
The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets
The Federal Reserve ought to stop raising interest rates until it gets a clearer picture of where the economy is headed, Robert Kaplan, president of the central bank’s Dallas district, said in an interview Thursday. Slowing global growth, weakness in...
Key reading of the manufacturing sector falls to lowest level in more than 2 years
Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month, according to the Institute for Supply Management. The ISM manufacturing index fell to 54.1 in December, its lowest level since November 2016. Economists polled...
It’s more than just the trade war. Apple’s China business has been under pressure for a while
Apple CEO Tim Cook partially blamed a slowdown in China when he cut guidance for the smartphone-maker — but the company’s troubles in the world’s second-largest economy began even before trade tensions escalated. China has been Apple’s “headache” for the...
Investors are officially panicking, Citigroup says
Stock-market investors entered panic mode after the wild ride to end 2018, meaning it might be a good time to buy equities, according to Tobias Levkovich, chief U.S. equity strategist at Citigroup. Citigroup’s Panic/Euphoria model hit panic levels after a...
The first economic data from December is in and it shows trouble
The first survey of December’s economic data came out on Wednesday with diminished results: United States manufacturer growth hit new lows on multiple fronts last month. Results from financial data firm IHS Markit showed the U.S. manufacturing PMI (Purchasing Managers...
European stocks open lower as losses continue into 2019
European shares fell at the open on Wednesday, as traders struggled to shake off negative sentiment that plagued global markets in late 2018. The pan-European Stoxx 600 fell more than 1 percent in morning trade, with all sectors and major...
This wacky daily trading strategy posted a 13% return in this rough year
Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent. According to Bespoke Investment Group, if one had implemented this so-called after-hours strategy...
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