US consumer spending surges, while underlying inflation slows
U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve recording its smallest annual increase since February. The Commerce Department said on Thursday consumer...
Fintech firm Revolut gets green light to expand to Japan and Singapore
British mobile bank Revolut has obtained licenses to operate in Japan and Singapore as it readies an expansion into Asia. The London-based financial technology firm said Thursday that it had acquired a remittance license from the Monetary Authority of Singapore...
US manufacturers say Trump tariffs will bring higher prices, not more jobs
The Trump administration’s widening trade war will raise prices for U.S. consumers, but it won’t bring back many manufacturing jobs that have moved overseas. That’s what more than 800 companies said in a survey released Thursday by IHS Markit, a...
Ditch cyclical for tech, health-care stocks going into ‘weaker’ 2019: Credit Suisse
The stock market is headed higher but investors should make some changes in their portfolios to accommodate shifts in the landscape, Credit Suisse chief equity strategist Jonathan Golub told CNBC on Wednesday. “You don’t want to be in cyclical stocks...
Eddie Lampert’s ESL Investments reportedly partnering with Cyrus Capital Partners in Sears bid
Sears Chairman Eddie Lampert is partnering with Cyrus Capital Partners in its bid for Sears Holdings, Bloomberg reported on Wednesday. Lampert has said in court filings his hedge fund, ESL Investments, is planning to buy roughly 500 of Sears’ stores,...
After Powell comments, traders see just one rate hike next year
Stocks surged and bonds sold off Wednesday afternoon in a powerful move, after market pros took Fed Chairman Jerome Powell’s comment to mean the Fed is nearing an end of its rate-hiking cycle. Powell said the Fed’s key benchmark interest...
Fed Chairman Powell now sees current interest rate level ‘just below’ neutral
Federal Reserve Chairman Jerome Powell said Wednesday he considers the central bank’s benchmark interest rate to be near a neutral level, an important distinction from remarks he made less than two months ago. “Interest rates are still low by historical...
Fed warns that a ‘particularly large’ plunge in market prices is possible if risks materialize
The Federal Reserve issued a cautionary note Wednesday about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats. In a lengthy first-time report on the...
US third-quarter GDP growth unrevised at 3.5%
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year. Gross domestic product increased at a 3.5...
Mnuchin reportedly asked around to see if there are alternatives to Fed rate hikes
With the Federal Reserve under fire for raising interest rates, Treasury Secretary Steven Mnuchin has been looking to see if there are other ways to normalize monetary policy, according to a report. Mnuchin has been asking some of the biggest...
Signal2forex.com - Best Forex robots and signals




