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Banking, Economy

“New York Fed Adds $82.7 Billion To Financial System in Latest Repo Transaction”

“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $21.15 billion in 6-day loans, all of… Continue Reading…

Stocks

“Aevi Genomic Medicine (GNMX) Ready to Rid-Off from Unappreciated Views”

“… In Thursday trading session, shares of firm fell of -2.14% along the it has twenty-days moving average price of -17.51% from last close price of $0.14 and perform as resistance to price boundary. GNMX traded 474525 shares versus to… Continue Reading…

Business

“Inpixon Receives Notice of Allowance for U.S. Patent Covering Method of Storing and Analyzing Data”

“Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced it has received a Notice of Allowance from the U.S. Patent and Trademark Office allowing its patent application covering a method of storing and analyzing variable-width data.… Continue Reading…

Business

“What inspired these top advisers to help others manage money”

“Financial professionals sometimes get stereotyped as bean counters and calculator-button pushers, but in speaking with top executives at leading advisory firms that made CNBC.com’s FA 100 list this year, it’s apparent that there are two themes common to most of their background… Continue Reading…

Economy

“Singapore overtakes US as world’s most competitive economy”

“Singapore has knocked the United States out of the top spot in the World Economic Forum’s annual competitiveness report. The index, published on Wednesday, takes stock of an economy’s competitive landscape, measuring factors such as macroeconomic stability, infrastructure, the labor market and… Continue Reading…

Stocks

“Dow Jones Jumps 150 Points On China News; Apple, Roku Rally On Analyst Actions”

“The stock market was sharply higher early Wednesday after Bloomberg News reported China was “still open to reaching a partial trade deal with the U.S.” as long as the U.S. would hold off on imposing more tariffs. The Dow Jones… Continue Reading…

Economy

“Small-town Bankers Are Still Hopeful about US Economy”

“American financial experts may be worried about trade wars, tariffs and talk of a recession, but ask a small-town banker and economic conditions are pretty good. Across the United States, people are building and buying homes. Small businesses are borrowing money to… Continue Reading…

Economy, Stocks

“Hong Kong Stock Market Retracts Offer to Buy London Exchange”

“Hong Kong’s stock exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets…” https://www.nytimes.com/2019/10/07/business/hong-kong-london-stock-exchange.html

Business, Stocks

“GE to freeze pensions for about 20,000 employees, stock surges”

” Shares of General Electric Co. GE, -0.82% surged 2.6% in premarket trading Monday, after the industrial conglomerate said it was freezing the U.S. pension plan for about 20,000 employees with salaried benefits, and supplementary pension benefits for 700 employees….  GE’s stock has… Continue Reading…

Economy

“Financial Crises Are Naturally Recurring and Inevitable – Here’s Why”

“If you were to consider all of the financial crises we’ve witnessed throughout our recent history–each with their own unique causes and contexts–one consistent feature emerges: they’re cyclical… Act I: Lax oversight and loose banking regulations lead to economic fragilities. Act… Continue Reading…