Yen up after attacks in Germany, Turkey, stocks steady on Yellen comments

The safe-haven Japanese yen was up in early Asian trade on Monday after attacks in Germany and Turkey spooked investors, while regional stocks were steady as financial markets pondered upbeat comments from the Federal Reserve Chair Janet Yellen. Traders were also looking ahead to the Bank of Japan's rates decision later in the day, and while policy settings are set to be kept steady the focus will be on Governor Haruhiko Kuroda's take on surging global bond yields and the impact on rates in Japan. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade on Tuesday, while Tokyo's Nikkei was flat.

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Yen up after attacks in Germany, Turkey, stocks steady on Yellen comments

Wall Street scion Caspersen gets 4 years in prison for $38.5 million fraud

By Nate Raymond NEW YORK (Reuters) – Former Wall Street executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors including family members and friends out of $38.5 million. Caspersen, who worked at a unit of investment banker Paul Taubman's PJT Partners Inc before his arrest in March, was sentenced by U.S. District Judge Jed Rakoff in Manhattan after pleading guilty to charges including securities fraud. Prosecutors sought up to 15-2/3 years in prison for the Princeton University and Harvard Law School graduate, who they said for 18 months shamelessly exploited his victims' trust.

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Wall Street scion Caspersen gets 4 years in prison for $38.5 million fraud

Wall Street’s gains fade as Yellen questions economy’s resilience

(Reuters) – U.S. stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors.

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Wall Street’s gains fade as Yellen questions economy’s resilience

Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll

A solid U.S. jobs report for September reinforced expectations among Wall Street's top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15 primary dealers that responded to the poll forecast a rate hike at the U.S. central bank's December meeting. Primary dealers are the banks that do business directly with the Fed.

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Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll

Wells Fargo chief Stumpf heads to Hill with pressure mounting

Wells Fargo & Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. The bank's move earlier this week to claw back $41 million in stock awarded to Stumpf, an unprecedented rebuke for a major U.S. bank CEO, is unlikely to silence calls for him to resign over revelations Wells Fargo's branch staff opened as many as two million unauthorized credit card and deposit accounts to meet sales quotas. California, Wells Fargo's home state, suspended business relationships with the bank for a year on Wednesday and said it would work with the state's two giant public pension funds to change the management structure at the bank, including separating the roles of CEO and chairman.

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Wells Fargo chief Stumpf heads to Hill with pressure mounting

White House says it sees a path to approval of Pacific trade deal

The White House said on Monday it could still win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in the region. “The president is going to make a strong case that we have made progress and there is a path for us to get this done before the president leaves office,” White House spokesman Josh Earnest told a news briefing ahead of Obama's trip to Asia this week. Obama has made the 12-nation free trade deal the centerpiece of a diplomatic “pivot” to Asia, but the prospects for congressional approval have looked increasingly dim, with both major presidential candidates – Democrat Hillary Clinton and Republican Donald Trump – standing opposed.

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White House says it sees a path to approval of Pacific trade deal

Weak U.S. retail sales, inflation data dim prospect of Fed rate hike

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a moderation in consumption that could temper expectations of a sharp pickup in economic growth in the third quarter. Cooling consumer spending and tame inflation suggest the Federal Reserve will probably not raise interest rates anytime soon despite a robust labor market. “Fed members are afraid to come out from under their rocks until growth is sustainably solid and inflation in, near or at their target, and today's reports don't provide them with any comfort that will happen soon,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

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Weak U.S. retail sales, inflation data dim prospect of Fed rate hike

Wall Street scion Caspersen pleads guilty to $38 million fraud

Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he defrauded investors out of over $38 million, blaming his conduct on a gambling addiction he could not control. Caspersen, who worked at a unit of investment banker Paul Taubman's PJT Partners Inc prior to his arrest in March, pleaded guilty in federal court in Manhattan to securities fraud and wire fraud. Caspersen, who graduated from Princeton University and Harvard Law School, choked up in court as he admitted to cheating numerous people, mostly family and friends, through what he called a “simple” fraud.

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Wall Street scion Caspersen pleads guilty to $38 million fraud

Wall Street slips as strong data raises chances of rate hike

The Labor Department said the Consumer Price Index increased 0.4 percent last month, the largest gain since February 2013, after rising 0.1 percent in March. “This morning the economic news was generally favorable suggesting that … the U.S. economy has improved to levels warranting something other that crises-level rates,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

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Wall Street slips as strong data raises chances of rate hike