You are here
bank change energy Tech Top News Wall Street 

Low U.S. inflation? It’s your phone: BlackRock bond manager

June 21, 2017 NEW YORK (Reuters) – Americans’ love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world’s biggest asset manager, said on Wednesday. Consumers are relying less and less on devices such as cameras, radios and televisions, and services such as taxis and stores, replacing them with programs in their iPhones and other high-end phones, according to Rick Rieder, BlackRock’s chief investment officer of global fixed income….

Read More
Amazon Worldwide Consumer Business change Roger Davidson Whole Foods Market 

Whole Foods CEO hints at another brand under Amazon

June 20, 2017 By Jeffrey Dastin and Lisa Baertlein (Reuters) – After Inc completes its takeover of high-end grocer Whole Foods Market Inc , it might launch another brand with different standards, the grocery chain’s chief executive said in remarks reported in a securities filing on Monday. Amazon plans to keep the natural grocer’s high standards, Whole Foods Chief Executive John Mackey said, adding, “They’re not stupid enough to go change that.” The filing contained a transcript of a town hall meeting for Whole Foods employees. But Mackey, at the Friday town hall, said, “Over time,…

Read More
Although Wall Street bank Business change results 

U.S. bank investors hope Fed stress test results lead to big payouts

June 19, 2017 By Pete Schroeder and David Henry (Reuters) – Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength. On Thursday, the Fed is scheduled to begin releasing results from its two-part annual stress test, which was adopted in response to the financial crisis, to gauge banks’ ability to weather an economic storm that could threaten the stability of…

Read More
Amazon-owned Whole Foods Business change offer Walmart 

With Whole Foods, Amazon on collision course with Wal-Mart

June 18, 2017 By Nandita Bose and Jeffrey Dastin CHICAGO/SAN FRANCISCO (Reuters) – When Wal-Mart Stores Inc bought online retailer for $3 billion last year, it marked a crucial moment – the world’s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Amazon, intended to compete. On Friday, Inc countered. With its $14 billion purchase of grocery chain Whole Foods Market Inc, the largest e-commerce company announced its intention to take on Wal-Mart in the brick-and-mortar world. The two deals make it clear that the…

Read More
Business change debate economic growth rates 

Is the Fed ready to consider lifting its inflation target?

June 15, 2017 By Howard Schneider WASHINGTON (Reuters) – Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once unthinkable: abandoning decades-long efforts to hold inflation down and allowing price expectations to creep up. In remarks on Wednesday, Yellen called an emerging debate over raising global inflation targets “one of the most important questions facing monetary policy,” as central bankers grapple with an economic rut in which low growth, low interest rates and weak price and wage increases reinforce each other. The…

Read More
change Jeffrey Gundlach Money rates Top News 

Gundlach warns U.S. low-risk financial environment could change

June 13, 2017 By Jennifer Ablan NEW YORK (Reuters) – The lengthy low-risk, low-volatility U.S. financial environment should not be viewed as a “new paradigm,” influential bond investor Jeffrey Gundlach said on a webcast on Tuesday. Wall Street gained on Tuesday, with the S&P 500, Dow industrials and Russell 2000 setting record closing highs, as technology stocks bounced back and investors positioned ahead of an expected Federal Reserve interest rate hike. Against that backdrop of soaring stock markets, the CBOE Volatility Index, also known as the VIX Index or the…

Read More
change Economy election Masayuki Kitano Editing poll Top News 

Sterling steadies as British PM scrambles after poll shock, dollar awaits Fed

June 12, 2017 By Masayuki Kitano SINGAPORE (Reuters) – Sterling steadied on Monday as British Prime Minister Theresa May scrambled to pick up the pieces and reunite her Conservative Party after a disastrous election that could disrupt Brexit negotiations. Sterling last traded at $1.2743 , little changed on the day, after sliding 1.7 percent on Friday, its biggest one-day drop in about eight months. The pound had tumbled by as much as 2.5 percent in the previous session to its lowest since mid-April after no single party won a clear…

Read More

Justice Dept. halts settlements funding outside groups

June 7, 2017 By Karen Freifeld and David Shepardson NEW YORK/WASHINGTON (Reuters) – The U.S. Justice Department on Wednesday said it is barring legal settlements in federal investigations that include donating funds to community organizations or other third-party groups, rather than to those directly harmed by the wrongdoing or involved in the cases. U.S. Attorney General Jeff Sessions, announcing a change that could impact banks and other corporations, said in a statement that settlement payments must be directed to victims impacted by the defendants’ actions and then to the federal…

Read More

Four ways retirement saving is about to change

June 5, 2017 By Beth Pinsker NEW YORK (Reuters) – Leaving your job soon and rolling over a 401(k) into an IRA? Thinking about buying an annuity? About to call your money manager and allocate this year’s Roth contribution? All of these transactions and more may be different next week, after new guidance from the U.S. Department of Labor is implemented. The so-called “fiduciary rule,” which starts on June 9, was a political football during the Obama administration and seemed doomed after President Donald Trump took office. But once set…

Read More

Venezuela prosecutor decries Maduro plan, unrest worsens

May 23, 2017 By Alexandra Ulmer and Maria Ramirez CARACAS/PUERTO ORDAZ, Venezuela (Reuters) – Venezuela’s state prosecutor has panned unpopular President Nicolas Maduro’s plan to create a grassroots congress, deepening a rare public split among the ruling Socialists as the death toll from two months of unrest hit 51. Chief State Prosecutor Luisa Ortega stunned the crisis-hit country in March when she lambasted the Supreme Court for annulling the powers of the opposition-led National Assembly. Since then, she has been a wild card within the publicly homogenous Venezuelan government, whose…

Read More
Facebook Auto Publish Powered By :