Just another WordPress site
In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer. “We’re reversing the 'Brexit' as it becomes evident that it was more of a political vote and decision than an economic decision,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
See the original post:
Wall Street rallies for third day as Brexit bruises fade
(Reuters) – Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.
Original post:
Wall Street sings Brexit blues with brutal two-day slide
The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.
Continued here:
Worst day in 10 months as Wall Street reacts to ‘Brexit’
The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.
Read more from the original source:
Worst day in 10 months as Wall Street reacts to ‘Brexit’
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization of the Petroleum Exporting Countries in late 2014 pumped more oil despite growing global oversupply.
More:
With oil price near $50, resilient U.S. shale producers eye new chapter
The company has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology, the report said. The deadline for bids for the patents has been set for mid-June by Yahoo, according to the Wall Street Journal. In March, Yahoo said it would explore the sale of $1 billion to $3 billion of patents, property and “non-core assets”.
See the original post:
Yahoo hires investment bank to sell about 3,000 patents: WSJ
The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, suggesting slippage in the labor market that could make it harder for the Federal Reserve to raise interest rates. Employment gains were also restrained by a month-long strike by Verizon workers, which depressed information sector payrolls by 34,000 jobs. Underscoring the report's weakness, employers hired 59,000 fewer workers in March and April than previously reported.
View post:
Weak U.S. employment report dims prospect of Fed rate hike