Monetary policy: Argentina takes its bitter medicine
Illustration: Jonathan Williams Gradualism is dead in Argentina. In its place a new strategy has been devised to tackle the country’s monetary and fiscal challenges. It has just begun to be implemented. But it is going to be a strong,...
Consumer sentiment holds steady in May as Americans anticipate Fed rate hikes
Consumer sentiment was slightly higher than anticipated in the beginning of May, coming in line with revised April results. The University of Michigan’s Friday report on consumer attitudes about the economy hit 98.8 in a preliminary May reading, higher than...
GOP Sen. Pat Toomey: President Trump doesn’t have the authority to exit NAFTA
Sen. Pat Toomey told CNBC on Friday the Trump administration doesn’t have the unilateral authority to pull out NAFTA. “NAFTA wasn’t a treaty. It’s an agreement,” the Pennsylvania Republican said on “Squawk Box.” “The president doesn’t have any more authority...
JP Morgan upgrades Verizon, says hefty dividend and 5G plans will boost shares
Verizon Communications shares should rise this year as a healthy dividend yield lures investors ahead of clarity on its path for 5G wireless, according to J.P. Morgan. The firm raised its rating on the company’s shares to overweight from neutral,...
Bitcoin drops to 3-week low, other cryptos plunge after prosecutors raid largest Korean exchange
Major cryptocurrencies tumbled Friday after news prosecutors raided UpBit, the largest cryptocurrency exchange in South Korea. Bitcoin fell 5.5 percent to $8,511, its lowest since April 20, according to CoinDesk’s bitcoin price index. The cryptocurrency traded near $8,563 as of...
St. Louis Fed’s Bullard says rates already near neutral, no more raises needed
St. Louis Federal Reserve Bank President James Bullard on Friday spelled out the case against any further interest rate increases, saying rates may already have reached a “neutral” level that is no longer stimulating the economy. Going further at this...
Forward guidance doesn’t always map the route
After the financial crisis rocked the framework of monetary policy, rate setters took to giving “forward guidance” to steady the ship, but the recent experience of British and Japanese central banks suggests it doesn’t guarantee a smooth journey. Just a...
Your first trade for Friday, May 11
The “Fast Money” traders shared their first moves for the market open. Tim was a buyer of the iShares MSCI Brazil ETF. Karen was a buyer of Xerox. Seaburg was a buyer of Facebook. Grasso was a buyer of Overstock.com....
US needs to pressure foreign countries to pay more for drugs with trade agreements, HHS’ Azar says
The U.S. needs to get other governments to pay more for prescription drugs through trade negotiations and agreements, Health and Human Services Secretary Alex Azar told CNBC on Friday. The comments came ahead of a blueprint President Donald Trump will...
US import prices rise less than expected in April
U.S. import prices increased less than expected in April as a rebound in the cost of petroleum products was tempered by a decline in food prices. The Labor Department said on Friday import prices rose 0.3 percent last month. Data...
Signal2forex.com - Best Forex robots and signals




