Chinese companies are defaulting on their debt so the government is throwing...
China is increasing the number of government loans it hands out even though the number of defaults on those loans is increasing, according to Bank of America Merrill Lynch.There are only two ways this...
View Article10 things you need to know before the opening bell (spy, spx, qqq, dia, jwn)
Here is what you need to know.China reportedly raised the reserve requirement ratio for some banks. The People's Bank of China has reportedly hiked the amount of money some banks are required to hold...
View ArticleCitigroup to exit retail banking in Brazil, Argentina
(Reuters) - Citigroup Inc said it plans to sell its retail banking and credit card operations in Brazil, Argentina and Colombia.The businesses, which are part of its consumer banking operations will be...
View ArticleJohn Deere sends warning shots to the global farming business (DE)
The farming and construction equipment behemoth John Deere has sent warning shots to its industry once again as it cut its outlook for this year.The company said Friday that it expected equipment sales...
View ArticleHere's a super quick guide to what traders are talking about right now (SPY,...
Via Dave Lutz at JonesTrading, here's a quick overview of what traders are talking about on Friday morning:Good Morning, and happy Expiry Friday! Spoos diving red here, following Oil. WTI off 2% and...
View ArticleFutures lower as oil rally falters
By Yashaswini Swamynathan(Reuters) - U.S. stock index futures were lower on Friday after a rally in oil prices fizzled out.Crude prices fell about 2 percent, with U.S. crude hovering at $30 per barrel...
View ArticleGoogle accounts show 11 billion euros moved via low tax 'Dutch sandwich' in 2014
By Toby Sterling and Tom BerginAMSTERDAM/LONDON (Reuters) - Google moved 10.7 billion euros ($12 billion) through the Netherlands to Bermuda in 2014, as part of a structure which allows it to earn most...
View ArticleFor the markets, 'a period of calm looks to be arriving' (DIA, SPX, SPY, QQQ,...
It's been a terrible year for financial markets, but according to Kit Juckes at Societe Generale, the worst of it might be over. For now. In a note Friday morning Juckes writes, "Another winter storm...
View ArticleChina's top market regulator is reportedly stepping down
Xiao Gang, chairman of the China Securities Regulatory Commission, is stepping down from his post, Chinese officials with direct knowledge of the situation told the Wall Street Journal. Xiao's...
View ArticleFormer Fed chair Ben Bernanke was on 'The Big Bang Theory' last night
Ben Bernanke is officially a TV cameo star.The former Federal Reserve chair took a break from economics to make a a brief appearance in Thursday night's episode of the CBS comedy show "The Big Bang...
View ArticleYahoo's board has formed an independent committee to 'explore strategic...
Yahoo's board has formed an independent committee to do "explore strategic alternatives," according to a release from the company out Friday morning. Now, in large part, this news formalizes what has...
View ArticleVolvo will start selling new cars with digital keys that are stored on your...
Remember car keys?That's probably what we'll be saying soon, because carmakers have caught the tech bug, and now they're working nonstop to reinvent everything we know about transportation.As more...
View ArticleCore inflation rises by the most in four years (USD, TLT, TLO, DXY)
Core inflation rose by the most in four years in January, by 0.3%."Core" inflation excludes the volatile costs of food and energy.Core services prices jumped 3%, while medical costs rose 3.3%. There...
View ArticleU.S. core consumer prices post largest gain in four-and-a-half years
WASHINGTON (Reuters) - Rising rents and medical costs lifted underlying U.S. inflation in January by the most in nearly 4-1/2 years, signs of an uptick in price pressures that could allow the Federal...
View ArticleFED'S MESTER: After a soft patch, I think the US economy will 'regain its...
The US economy is still in solid shape, according to Cleveland Fed President Loretta Mester Mester, a voting member of the Federal Open Markets Committee, reiterated in a speech Friday that the current...
View ArticleTomato prices went bananas in January
Tomato prices went nuts in January.The price of tomatoes saw a huge 15.3% increase month-over-month in January, up from a 0.6% increase in December, according to the Bureau of Labor Statistics'...
View ArticleThe loonie is sliding after Canada's dismal retail sales report (USD, USDCAD)
The Canadian dollar, also known as "the loonie," is sliding off a two-month high after Friday's dismal retail sales report. December retail sales fell 2.2% month-over-month, worse than the 0.9% that...
View ArticleLloyds is expecting to pay £60 million in flood damage claims
Britain went through the wettest December in recorded history where at least 16,000 homes were flooded. Now Lloyds Banking Group, which insures around one in seven homes in Britain under the Lloyds...
View ArticleThe 16 most selective boarding schools in America
Attending a top-notch boarding school sets students up for lifelong success, but some of the most elite boarding schools are incredibly selective about which students are right for the...
View ArticleAn internal battle is creating a 'totally dysfunctional situation' in Yahoo's...
Yahoo CEO Marissa Mayer and the rest of the company's board members are not on the same page, creating a "totally dysfunctional situation," according to the New York Post.The report said that the...
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