Markets Apple is expected to unveil new products at a San Francisco event later today and the iPhone 7 is in the spotlight. The device is expected to lose its headphone jack, gain improved cameras and include a pressure-sensitive home … Continue reading
Markets Shares across the globe have started the week in a positive mood after Friday’s muted U.S. jobs report fueled expectations the Fed may refrain from raising interest rates later this month. “The unemployment report was not weak enough to … Continue reading
Markets U.S. Treasuries are set for their largest monthly loss since June 2015 after a slew of hawkish rhetoric from Fed officials almost doubled the probability of a September rate hike to 34% in the futures market. Fed Vice Chairman … Continue reading
Markets EU antitrust regulators have ordered Apple (NASDAQ:AAPL) to pay up to €13B ($14.5B) in taxes to the Irish government after ruling that a special scheme to route profits through the country was illegal state aid. “In fact, this selective … Continue reading
Markets “We see Jackson Hole as the ‘ready’ warning and look for Chair Yellen to err on looking at the optimistic side” of the outlook, says UBS’s Drew Matus, though he doesn’t expect an actual move on rates by the … Continue reading
Markets European shares and U.S. stock futures were lower at the time of writing while Asian shares ended mixed ahead of the opening of the central bankers’ symposium at Jackson Hole today. With nothing much else going on this week … Continue reading
Markets European shares and U.S. stock futures were higher at the time of writing following a mixed day in Asia as investors stayed cautious amidst the deep summer vacation slumber and ahead of a speech by Fed Chair Janet Yellen … Continue reading
Markets Global markets are slightly higher in a week largely dominated by the upcoming Federal Reserve meeting in Jackson Hole, Wyoming. A speech on Friday by Fed Chair Janet Yellen could settle the matter on if a September rate hike … Continue reading
Markets European shares and U.S. stock futures were lower at the time of writing following a broad drop in Asia overnight. A 0.3% decline in the euro versus the dollar amid speculation about when the Fed will raise interest rates … Continue reading
Markets The price of crude is now within striking distance of $50 a barrel, putting the commodity nearly 22% above the $39.51 it touched on Aug. 2. Chatter about an OPEC production freeze makes for a good excuse, but Iran’s … Continue reading