federal-reserve

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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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

Filed Under: Latest News Tagged With: appear-together, bernanke, chair-janet, decision, federal, federal-reserve, her-decision, monetary, most-powerful, rare-spectacle, reserve, the-monetary, tighten-policy, volcker, yellen

Yahoo board forms committee to explore strategic alternatives

February 19, 2016 By creative

(Reuters) – Yahoo Inc said its board formed an independent committee to explore strategic alternatives, alongside the pursuit of the reverse spinoff of its Internet business. The committee has engaged Goldman Sachs & Co Inc, J.P. Morgan and PJT Partners Inc as its financial advisers, and Cravath, Swaine & Moore LLP as its legal adviser. The committee and its advisers are working on a process for reaching out to and engaging with potentially interested strategic and financial parties, the company said on Friday. (Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)

Filed Under: Latest News Tagged With: bengaluru, federal-reserve, floor, freeze-oil, george-tharakan, global-economic, its-advisers, its-financial, olivia-oran, reverse, the-executive, the-reverse, thursday, top-exporters, weak-global

Worldwide M&A activity falls 23 pct, but U.S. has a flurry

February 19, 2016 By creative

Worldwide mergers and acquisitions deals have fallen 23 percent to $336 billion so far this year compared with last year, but cross-border activity by amount targeting U.S.-based companies reached a record high, Thomson Reuters data shows. After hitting a record high by deals value in 2015, worldwide M&A activity has been hurt this year by falling oil prices, worries about slowing growth in China and the health of the financial sector. A trio of deals for U.S. companies topped the list of M&A announced this week, including Chinese company Tianjin Tianhai’s $6.3 billion offer for U.S.-based Ingram Micro, bringing year-to-date China outbound M&A targeting the U.S. to $23.3 billion.

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Worldwide M&A activity falls 23 pct, but U.S. has a flurry

Filed Under: Latest News Tagged With: changping, federal-reserve, financial, freeze-oil, health, iranian, its-advisers, olivia-oran, slowing-growth, syngenta, the-financial, the-reverse, tianjin-tianhai, weak-global, while-iranian

Wall Street veterans say rate-hike past is not prologue for markets

December 13, 2015 By creative

By Trevor Hunnicutt NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. “People have a thirty-second memory,” said Katz, 65, co-chairman at Evensky & Katz/Foldes Financial Wealth Management. “We're used to an instant turnaround.” That is particularly true when compared to investors who lived through longer periods of economic disaster, like the stagnant economy and rampant inflation of the 1970s or the Great Depression in the 1930s.

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Wall Street veterans say rate-hike past is not prologue for markets

Filed Under: Latest News Tagged With: chair-janet, deena-katz, federal, federal-reserve, financial, floor, lived-through, longer-periods, might-as-well, stagnant, the-financial, usa, will-leave, york

Weak retail sales suggest moderate fourth-quarter economic growth

November 13, 2015 By admin

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. “The weak reports will provide some cause for caution at the Fed, and while they are unlikely to change the prevailing bias for a December 'liftoff,' they could add to the case for a shallower tightening path thereafter,” said Millan Mulraine, deputy chief economist at TD Securities in New York The Commerce Department said retail sales edged up 0.1 percent last month after being unchanged in both September and August. A 0.9 percent drop in the value of sales at service stations, which reflected lower gasoline prices, also helped to restrain retail sales last month.

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Weak retail sales suggest moderate fourth-quarter economic growth

Filed Under: Latest News Tagged With: federal-reserve, first-reporting, great-recession, negative-growth, quarter-as-well, restrain-retail, secaucus, securities, since-the-great, stock-exchange, strong-pickup

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