FX: Tech focus shifts to horde of untapped trade data
There are many reasons why markets become fragmented. For example, regional banks have seen an opportunity to differentiate themselves from larger competitors by specializing by region or even by currency. Institutions that can develop deep knowledge in particular areas can...
American Express closer to breaking into elusive Chinese market, report says
American Express is closer to becoming the first U.S. card network to offer services in China, The Wall Street Journal reported Thursday. The People’s Bank of China has accepted the New York-based credit card company’s application to clear and settle...
US durable goods orders rise 2.6% in March
Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment spending fell for the third month out of the past four. The Commerce Department says the big rise in orders for durable...
US durable goods orders rose 2.6% in March
New orders for key U.S.-made capital goods unexpectedly fell in March, weighed down by the biggest drop in demand for machinery in nearly two years, and a decline in shipments suggested business spending on equipment slowed in the first quarter....
US weekly jobless claims fall to the lowest level since 1969
New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March’s slowdown in job growth was probably temporary. ous week. Initial claims for state unemployment benefits fell 24,000 to a...
Tax cuts trump the market’s recent volatility for most Americans, new study finds
The new tax law is helping households weather the blow from the recent volatility in the stock market, according to data released Thursday by a financial trade group. The American Institute of Certified Public Accountants said its index of personal...
Barclays and Paypal announce tie-up as banks mull big tech threat
British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday. The pair aim to allow Barclays customers in the United States and...
Property risks are rising for Asia-Pacific banks: Fitch
Banks within the Asia Pacific region are set to face higher risks from property, Fitch Ratings said this month. That is, the ratings agency noted that banks in the region have achieved “relatively high exposure” to the property sector, and...
After-hours buzz: FB, T, CMG & more
Check out the companies making headlines after the bell: Shares of Facebook surged 7 percent after hours. The social networking service’s earnings and revenues both surpassed expectations. Daily and monthly active users bounced back. Average revenue per user also increased...
Bill Miller says path of least resistance for market from here is higher
Noted hedge fund manager Bill Miller is still betting stocks will rise. “The path of least resistance for U.S. stocks is higher,” Miller said in a blog post dated April 18. “I believe it remains so, and will until either...
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