September 19, 2019
“The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy showed additional signs of weakening. For… Continue Reading…
September 13, 2019
“A Pennsylvania couple is facing felony charges for buying an SUV, a race car, and two four-wheelers, and then handing out $15,000 to their friends after a bank teller accidentally deposited $120,000 into their joint bank account. About three weeks after the… Continue Reading…
September 10, 2019
“Money managers at BNY Mellon and Pacific Investment Management Co. have snapped up Japanese bonds. Both companies have made the country the second-largest geographic allocation in some of their biggest international fixed-income funds. Ordinarily that wouldn’t seem remarkable, but right now many of Japan’s… Continue Reading…
September 4, 2019
“Unable to stomach turbulence driven by the escalating conflict between China and the United States, and leery of a darkening outlook for the economy, investors have been pulling money out of the stock market and buying bonds, the traditional place to… Continue Reading…
August 23, 2019
“President Trump on Monday called for the Federal Reserve to sharply cut interest rates and again criticized the central bank’s chairman for a “horrendous lack of vision,” while reiterating his belief that the U.S. economy is strong.” https://www.wsj.com/articles/trump-calls-for-a-big-fed-rate-cut-again-criticizes-central-bank-chairman-11566230832
July 31, 2019
“The Federal Reserve lowered its benchmark rate by a quarter point Wednesday as an insurance policy not against what’s wrong with the economy now, but what could go wrong in the future. It was the first rate cut by the… Continue Reading…
July 24, 2019
“The Fed, whose policymakers meet next week to set interest rates, lacks a pressing domestic case to clip borrowing costs: The jobless rate was close to a five-decade low at 3.7% in June, consumer spending is buoyant and the overall expansion just became… Continue Reading…
July 22, 2019
“…The Federal Reserve is planning to cut rates at its policy meeting at the end of the month even though the United States economy, by most available evidence, is doing perfectly fine. It appears, based on a close reading of… Continue Reading…
July 22, 2019
“Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount… Continue Reading…
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