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Category: News


News

Fed Chair Paints Rosy Economic Picture, but Says Risks Remain

November 13, 2019

Via: The New York Times

WASHINGTON — Jerome H. Powell, the Federal Reserve chair, painted an optimistic picture of the United States economy before Congress on Wednesday, though he warned that threats to the outlook persist. “In particular, sluggish growth abroad and trade developments have […]


News

U.S. jobless claims fall to one-month low of 211,000 — labor market stays strong

November 7, 2019

Via: Market Watch

The numbers: The number of people who applied for unemployments benefits in early November fell to the lowest level in a month and clung near a half-century low, reflecting the resilience of the strongest labor market in decades. Initial jobless […]


Finance Tech, Liquidity, News

Federal Reserve Cuts Interest Rates for Third Time in 2019

October 30, 2019

Via: The New York Times

The Federal Reserve cut interest rates Wednesday for the third time this year as slowing business investment, ongoing trade tensions and global weakness continued to weigh on the American economy. But the Fed signaled that it will pause and assess […]


News

A Major Turkish Bank has Been Charged With Evading U.S. Sanctions on Iran

October 16, 2019

Via: Time

(NEW YORK) — A major Turkish bank was criminally charged in an indictment Tuesday with participating in a multibillion-dollar scheme to evade U.S. sanctions against Iran. The charges against Halkbank, a state-owned bank, were announced years after a wealthy gold […]


News

Trump’s Tax Bill Has Cost Homeowners a Trillion Dollars

October 10, 2019

Via: Fortune

In recent weeks, President Donald Trump has been talking about plans for, as he put it, a “very substantial tax cut for middle income folks who work so hard.” But before Congress embarks on a new tax measure, people should […]


News

Silicon Valley is losing its war against paying tax on big-tech revenues

October 9, 2019

Via: Business Insider

Silicon Valley’s war against paying tax on revenue as well as profits isn’t going well. The Organization for Economic Cooperation and Development, which sets international tax standards, has proposed an overhaul of cross-border tax rules that would give governments more […]


News

Dow set to open lower in turbulent week as Wall Street awaits crucial September jobs report

October 4, 2019

Via: Market Watch

U.S. stock-index futures on Friday drifted lower ahead of a crucial report on employment that could help to provide the clearest picture yet of the health of a domestic economy that has appeared to be sputtering, with a recent batch […]


News

Signs point to housing market heating up as home prices stop slowdown in July

September 24, 2019

Via: CNBC

Home price gains have been shrinking since March 2018, but now signs point to reheating in the housing market. The much-watched S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.2% annually in July, the same gain reported in June. […]


News

Stocks making the biggest moves premarket: Texas Instruments, Beyond Meat, Alphabet & more

September 20, 2019

Via: CNBC

Texas Instruments – Texas Instruments raised its quarterly dividend by 17%. The chipmaker will now pay 90 cents per share, up from the prior 77 cents a share, with the next dividend payable November 18 to stockholders of record on […]


News

US consumer prices rise a slight 0.1% in August

September 12, 2019

Via: CNBC

Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products. The Labor Department says the tiny increase in its consumer price index followed a much bigger 0.3% […]