Markets U.S. futures are heading higher after the Federal Reserve left rates unchanged and lowered its forecasts. The Fed’s decision shouldn’t be interpreted as a lack of confidence in the economy, Janet Yellen said during her quarterly news conference, but … Continue reading
Markets Japan’s central bank held rates steady at -0.1% following its latest meeting, but announced it would modify its policy framework, marking the latest attempt to boost prices and goose economic growth. Among the changes, the BOJ said it would … Continue reading
Markets U.S. futures are heading higher as traders focus on the upcoming policy announcements from the Federal Reserve and Bank of Japan. While the Fed is widely anticipated to leave interest rates unchanged, expectations for the BOJ are more mixed, … Continue reading
Markets Excessive credit growth in China is signaling an increasing risk of a banking crisis in the next three years, according to the Bank of International Settlements’ quarterly review. The central bank of central bankers also called the recent equity … Continue reading
Markets The new iPhone 7 and 7 Plus go on sale at Apple (NASDAQ:AAPL) stores and carrier retail locations in more than 25 countries today, with prices starting at $649. But this year, the company will not disclose opening weekend … Continue reading
Markets The BoE is widely expected to keep interest rates steady today, but could signal a need for a further cut in November when it provides an updated outlook for inflation. The central bank slashed its benchmark rate last month … Continue reading
Markets In his annual State of the Union speech, European Commission President Jean-Claude Juncker warned the EU was facing an “existential threat,” but insisted that Brexit doesn’t mean “the disintegration of the European Union.” He also said the U.K. could … Continue reading
Markets S&P futures fell 50 bps on Friday and were down 30 points pre-open on Monday. They closed up roughly 35 points yesterday, but are now 15 points lower pre-market. “It’s like going to a casino,” traders are saying in … Continue reading
Markets Global stocks are starting the week sharply lower, as concerns about tighter monetary policy and rising bond yields halt two months of calm summer trading. Some Fed members have been trying to convince markets that the September meeting would … Continue reading
Markets Global equities are also lower after the European Central Bank held interest rates at record lows and refrained from adding new stimulus. While President Mario Draghi said the ECB was looking at options to continue its money-printing program, investors … Continue reading