Investors seem to have largely ignored the government shutdown as earnings reports and full-year forecasts have started to pour in. Late on Friday, a WSJ report that the Fed would maintain a larger portfolio of […]
The British pound moved to its highest level since November after The Sun reported that Northern Ireland’s Democratic Unionist Party has privately decided to back Prime Minister Theresa May’s Brexit deal on a conditional basis […]
It was a mixed bag for Ford’s Q4 results, which included a special charge of $1.8B. Automotive revenue of $38.7B was ahead of estimates, while EPS was 2 cents short. Company adjusted earnings before interest […]
China added gold to its foreign reserves last month for the first time in two years, a sign that (combined with a continued paring in U.S. Treasurys) points to continuing work to cut dependence on […]
Alto a ridesharing startup founded in 2018 in Dallas aims to disrupt the fast-growing on-demand market controlled by the likes of Uber and Lyft. Alto just raised $14.5 million from Road Ventures, a European fund that […]
Around 80 investors in failed lender Xinhehui protested outside the Hangzhou headquarters of a Meidu Energy Corp. on January 22th 2019. The investors voiced their fury to put pressure on the company to pay off […]
Bloomberg reported that the U.S. Federal Reserve is probing Deutsche Bank for potential money laundering. The investigation relates to the $227B in suspicious payments Deutsche made through its Estonian branch between 2007 and 2015. Deutsche […]
Chinese companies use a tactic where bond issuers are indirectly buying their own bond offerings, according to Bloomberg. The idea is to inflate issuance sizes, creating the image of greater access to capital than might […]
As widely expected, the Bank of Japan held interest rates steady, though the move showed a long-awaited exit from loose monetary policy may be a ways off yet. It kept short-term rates at -0.1% with […]
China is expected to top the U.S. as the world’s largest retail market in 2019. Retail sales in China are forecast to grow 7.5 percent to $5.6 trillion in 2019. Meanwhile, U.S. retail sales are […]
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