Stocks surge ahead of Election Day
Stocks rebounded at open today, after losses last week because of election anxiety. At 10 a.m. Eastern, the Dow Jones industrial average was up 265 points, the Nasdaq composite had gained 87 points and the […]
Financial & Economic News
Foreign banks could gain easier access to China
China is considering allowing US investment banks, and likely other foreign firms, to operate there without a joint venture with a domestic brokerage, sources said. The move would give foreign banks easier access to China’s […]
Eurozone retail sales annual growth falling 0.2% on a month-on-month basis
Eurozone retail sales annual growth slowed for a second straight month in September, falling 0.2% on a month-on-month basis, according to preliminary data from Eurostat. The drop was mainly caused by a slump in sales […]
Greek ministers to fast-track bailout review
Greek Prime Minister Alexis Tsipras has tasked his ministers with completing labor reforms and fiscal changes required under the country’s second bailout from the EU and the International Monetary Fund before Dec. 5 debt-relief talks. […]
Facebook, Twitter and YouTube Blocked in Turkey
In addition to Twitter (NYSE:TWTR) and Google’s (NASDAQ:GOOGL) (NASDAQ:GOOG) YouTube platform, it apparently also involves Facebook’s (NASDAQ:FB) Instagram and WhatsApp properties. Microsoft’s (NASDAQ:MSFT) Skype has also been hit. These sorts of outages aren’t necessarily rare […]
US gained 161,000 jobs last month
US employers added 161,000 jobs in October as the unemployment rate edged down to 4.9%. The Labor Department report also showed an increase in wages, and the numbers could bolster the case for an interest-rate […]
Election risk drives stocks down, Treasurys up
Uncertainty over Tuesday’s US presidential election has driven a nine-day decline in the Standard & Poor’s 500 index, the longest slide since 1980, while investors have sought safety in Treasurys. OPEC’s failure to agree on […]
Fed reports 4-year low in foreign US bond holdings
The Federal Reserve says foreign central bank’s holdings of US bonds have reached the lowest level since May 2012. The Fed reports a $10.97 billion decline in custody holdings of US debt for foreign central […]