2016 April

With weak earnings in tow, focus turns to jobs data

April 30, 2016 By admin

Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to have added 200,000 jobs in April, with the unemployment rate unchanged at 5 percent and a wage increase of 0.3 percent, according to Reuters data. Unlike in recent months, where weak jobs numbers were counted on to stave off another Federal Reserve interest rate hike, investors are now itching for better-than-expected employment data to indicate a stronger next earnings season, analysts said.

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With weak earnings in tow, focus turns to jobs data

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Yen spikes to 18-month peak, Amazon softens Apple blow

April 29, 2016 By creative

The yen surged to an 18-month peak on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across the Asian region. Perhaps taking advantage of Japan's absence for a holiday, speculators smashed through the yen's previous top at 107.63 per dollar and drove the currency as far as 107.075. It had been at 111.67 before Thursday's decision by the BoJ not to ease policy further, even though prior media reports had set the market up for more action.

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Yen spikes to 18-month peak, Amazon softens Apple blow

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Yahoo results edge past estimates in good sign for sale of business

April 20, 2016 By publisher

By Deborah M. Todd San Francisco (Reuters) – Yahoo Inc's first-quarter results beat Wall Street estimates by a hair on Tuesday in what was taken as a good sign for the web pioneer's plan to auction its core business. Under pressure from activist shareholder Starboard Value LP and others, Yahoo has ramped up a sale of its media, email and other web businesses. Yahoo's overall fortunes have failed to revive under Chief Executive Marissa Mayer, although she points to good results in key areas including social media.

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Yahoo results edge past estimates in good sign for sale of business

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Wall Street pauses after mid-week rally

April 15, 2016 By publisher

(Reuters) – Wall Street was slightly lower on Friday as investors digested U.S. corporate earnings as well as data that pointed to a slow global economic recovery, ahead of a crucial meeting of oil producers to help tackle a global surplus.

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Wall Street pauses after mid-week rally

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Wells Fargo’s systemic importance rose, says U.S. report

April 13, 2016 By admin

Wells Fargo & Co is the only large U.S. bank to become “significantly” more important to the global financial system in recent years, according to a report on Wednesday by a U.S. government research group. The Office of Financial Research, a financial stability watchdog housed within the U.S. Treasury Department, studied the systemic importance of the world's largest banks using 2014 data from the Basel Committee on Banking Supervision. Regulators define systemically important banks as those whose failure could pose a threat to the global financial system.

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Wells Fargo’s systemic importance rose, says U.S. report

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Wells Fargo admits deception in $1.2 billion U.S. mortgage accord

April 9, 2016 By publisher

The settlement with Wells Fargo, the largest U.S. mortgage lender and third-largest U.S. bank by assets, was filed on Friday in Manhattan federal court. It also resolves claims against Kurt Lofrano, a former Wells Fargo vice president.

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Yellen, alongside Fed alum, says rate hikes on track

April 8, 2016 By publisher

The U.S. economy is on a solid course with some hints of inflation so the Federal Reserve is on track for further interest rate hikes, Federal Reserve Chair Janet Yellen said on Thursday in a defense of her decision to tighten policy late last year. In a rare spectacle, Yellen spoke on a New York panel alongside her three predecessors who ran the world's most powerful central bank. “So yes, there is accommodation in the monetary policy that we have.

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Yellen, alongside Fed alum, says rate hikes on track

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Wall Street pushed higher by healthcare, energy stocks

April 6, 2016 By admin

The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the S&P 500 down more than 10 percent earlier this year.

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Wall Street pushed higher by healthcare, energy stocks

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Wall Street pushed higher by healthcare, energy stocks

April 6, 2016 By publisher

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Wall Street pushed higher by healthcare, energy stocks

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World’s top banks in U.S. government cross-hairs over dealings with 1MDB

April 1, 2016 By admin

By Praveen Menon and Saeed Azhar KUALA LUMPUR (Reuters) – U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen. U.S. Department of Justice officials also traveled to Kuala Lumpur to speak to senior bankers and other people with close links to the state fund, three people with direct knowledge of the matter told Reuters.

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World’s top banks in U.S. government cross-hairs over dealings with 1MDB

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