Dotun Adebayo

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China trade may sway Fed's rate decision

LONDON (Reuters) - The Federal Reserve’s debate over whether to raise U.S. interest rates in June may be decided in the coming week, as investors look for any cracks in China and evidence of a solid start to the second quarter in the United States.<p>The United States Federal Reserve Board building is …

America's earnings recession just got worse

Corporate America's profits are getting crushed this earnings season.<p>Apple (AAPL), Chipotle (CMG) and Twitter (TWTR) each got thumped Wednesday after reporting weak or disappointing earnings. Twitter and Chipotle have their own distinct failures, but Apple, like many, is also a victim of the global …

Fed signals no rush to hike rates as economy hits soft patch | Reuters

WASHINGTON (Reuters) - The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy.<p>In a statement that largely mirrored the one issued …

China's Certain Debt And Why It Matters

Since the great economic crisis in 2008, debt has taken centre stage. In the West, debt shaped the still ongoing debate between ‘austerity’ and ‘stimulus,’ the difference turning on how much overall debt an economy can sustain. It was, and still is, argued that beyond a certain level, debt has an …

What Billionaire George Soros Gets Wrong About the Chinese Economy

Legendary investor George Soros recently delivered new warnings on China, saying that the world’s second largest economy is facing a financial crisis …

U.S. economy stalls in first quarter as activity weakens broadly | Reuters

WASHINGTON (Reuters) - U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market.<p>A shopper takes part in Black …

Stronger China March industrial profits add to economic recovery hopes | Reuters

BEIJING (Reuters) - Profits earned by Chinese industrial companies rose 11.1 percent in March from a year earlier, adding to signs that the country’s economic slowdown may be bottoming out.<p>A worker operates a furnace at a steel plant in Hefei, Anhui province August 18, 2013. …

World Bank lifts oil-price forecast, sees supply glut subsiding

The World Bank raised its forecast for crude-oil prices by about 11% on Tuesday, citing expectations for a reduction in the global glut of crude …

Oil

Gold settles higher as dollar slips ahead of Fed interest-rate decision

Gold futures settled slightly higher Tuesday as the dollar declined and investors awaited a key decision from the Federal Reserve’s two-day …

Helicopter money: central banks' last resort

Imagine cash spewing out of a helicopter over your neighborhood.<p>Central banks -- struggling to spark growth -- are basically talking about it.<p>"It's a last resort of a desperate economy," says Kathy Jones, chief fixed income strategist at Charles Schwab. "I wouldn't rule it out."<p>Ahead of the Federal …

Now There Are Only Two U.S. Companies With the Highest Credit Rating

A day ago ExxonMobil (xom) was one of just three U.S. companies that boasted a higher credit rating than the U.S. government—the prestigious AAA.<p>But …

Why Janet Yellen Could Blindside Markets

Janet Yellen and the Federal Open Market Committee convene their third meeting of 2016, and Wall Street is expecting a real snoozer.<p>While Fed minutes …

Investors pull $7.3 billion from stocks, largest outflow in nine weeks: BAML | Reuters

LONDON (Reuters) - Investors withdrew $7.3 billion from stocks in the week to April 20, the largest outflows in nine weeks, while continuing to shovel money into corporate and emerging market debt, Bank of America Merrill Lynch (BAML) (BAC.N) said on Friday.<p>People walk past an electronic board …

GUNDLACH: Negative interest rates 'are the stupidest idea I have ever experienced'

Gundlach, who oversees $95 billion for Los Angeles-based DoubleLine, said negative rates would not help fight deflation but withdraw liquidity from the market because people would rather hoard cash than invest or deposit it in a bank account.<p>Negative interest rates "are the stupidest idea I have …

The Biggest Problem With Coca-Cola and PepsiCo Stock

<b>The Coca-Cola Co</b> and<b>Pepsico</b> stock are both slumping this week after posting first-quarter earnings. It's a familiar theme: Both companies actually beat earnings estimates but still posted declining revenue in part because of the stronger dollar.<p>PepsiCo reported earnings Monday morning and, at the …

Hedge Fund Outflows Will Reach at Least $25 Billion This Year

As investors grew increasingly wary about hedge fund performance, they pulled out a whopping $15 billion in the first quarter of 2016 alone.<p>That’s …

OIL CEO: The oil industry is facing 'a full-scale' crisis

Prices have plummeted because of a global oversupply, and many companies are facing mountains of debt, loads of expenses, and cratering profits.<p>If you're looking for some good news on the industry, you should look elsewhere. Schlumberger CEO Paal Kibsgaard laid out a disastrous forecast for the …

China seizes biggest share of global exports in almost 50 years | Reuters

SHANGHAI (Reuters) - Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors - good news for China but an expansion that is aggravating trade tensions.<p>A crane lifts a shipping container onto a truck at a port in Tokyo, Japan, February 18, …

Watch the Deficit, Not the Debt

I’m often asked: What level of government debt can the U.S. sustain? The answer is that it can handle a lot more. What’s much more important is its …

Singapore's export slump is a worrying sign for the global economy

As a global barometer for the health of the global economy, Singapore continues to paint a bleak picture at present.<p>Not only did its economy fail to grow in the first three months of the year, demand for the nation's exports is now also plummeting.<p>According to International Enterprise (IE), non-oil …

Exports

Impact of U.K. Exit on Jobs Could Ripple Across EU

Influx of labor has helped power British growth, but it has added to anxiety in the U.K. about the role of immigration<p>LONDON—When in London this week, President Barack Obama looks set to add to calls for Britain to stay in the European Union. Among those of similar mind: Large numbers of job …

Employment

Failure Of Oil Freeze Talks Represents A Buying Opportunity

A meeting in Doha, Qatar, between OPEC members and Russia, Mexico and five other non-OPEC producers concluded Sunday with no agreement on production cuts that could address the crude oil market’s oversupply problem. This was no surprise, particularly given Iran’s comments leading up to the meeting. …

China economy posts weakest growth since 2009 but recovery signs emerge | Reuters

BEIJING (Reuters) - China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery in factory activity, investment and household spending in the world’s second largest economy.<p>Labourers work on a scaffolding of a construction site at an industrial zone …

The Fed robbed the poor and made the top 25% wealthier

When the next recession hits the US, the Fed will likely want to print more money to relieve the suffering. Unfortunately, there's no evidence that the last QE experiment boosted the economy, and I don't think the next will, either.<p>QE was nothing but a waste of $4 trillion—or a gift to the rich—at …

What Negative Interest Rates Mean for the World

As central banks worldwide take the plunge into negative rate territory, policymakers are keeping a close eye on the reaction across markets and economies<p>Central bankers around the world are pushing deeper into the once-unthinkable world of negative interest rates — essentially charging customers …

Interest Rates

With plenty of punch, central bankers wait in vain for the world to drink | Reuters

WASHINGTON/FRANKFURT (Reuters) - Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to force the world to drink.<p>A customer counts his U.S. dollar notes in a bank in Cairo, …

Infrastructure investment key to boost Chinese growth, says top economist

Chinese economist Yu Yongding sat down with DW's Manuela Kasper-Claridge at the Ambrosetti Forum to talk about the state of China's economy and ways …

Central bank money waterfall misses mark

At this point in the economic cycle, the zero interest rate policies (ZIRP) are arguably doing more harm than good.<p>Global central banks, by pushing interest rates to artificially low levels around the world, are inadvertently causing deflation in my opinion.<p>That’s exactly the situation that central …