Retail sales topped expectations in October off of broad strength across key categories. On a year-over-year comparison, retail sales were up 4.3% during the month as hiring and wage growth clearly overshadowed election fatigue. Building […]
Oil rose around 6% yesterday, its best one day performance since April, on renewed hopes of an OPEC deal to cut production. But prices are now dipping lower after the IEA left its supply and […]
Mary Jo White, head of the Securities and Exchange Commission, plans to leave two years early to let President-elect Donald Trump to name a leader. Trump has appointed industry veteran Paul Atkins to head the […]
An investor shift to stocks over bonds after Donald Trump’s presidential election triggered $1.2 trillion in bond losses, leading analysts to speculate that the 30-year-old bull bond market has reached its turning point. “The volatility […]
The International Monetary Fund responded to Egypt’s adoption of reforms by approving a $12 billion bailout package to restore stability and stimulate economic growth. The IMF’s first action was to release $2.75 billion to the […]
Citigroup is preparing to move up to 900 jobs from London to Dublin as part of its preparations for Britain’s exit from the EU, the Sunday Times reports. “They have been testing the Irish political […]
Japan’s economic growth handily beat expectations in the July-September period, expanding for a third straight quarter as exports recovered, but weak domestic activity cast doubt on hopes for a sustainable recovery. While GDP grew at […]
U.K. inflation for October unexpectedly slowed to 0.9% on-year, driven down by the price of clothing and university tuition fees. The figures come as BoE Governor Mark Carney prepares to testify to lawmakers about the […]
GDP grew 0.3% in the eurozone in Q3, or 1.6% on an annual basis, according to official figures. Last week, the European Commission cut its GDP forecasts for the bloc on increased political uncertainty and […]
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