Rodney Davenport

19 Flips | 6 Magazines | 7 Following | 1 Follower | @RodneyDavenport | Keep up with Rodney Davenport on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Rodney Davenport”

Dollar bulls take a break | Financial Times

Has Janet Yellen marked a turn — albeit, perhaps short-term — for the dollar rally?<p>Traders infer from the Federal Reserve chairwoman’s comments this …

Stock Markets

Yellen looks to free Fed’s hand | Financial Times

Global markets have been operating with the safety net of the Federal Reserve’s zero-rates guidance for much of the current decade. On Tuesday, Fed …

Federal Reserve

American Express: leaving the club | Financial Times

Membership has its privileges goes the famous American Express slogan. But not enough for Costco. Amex said on Thursday that its long-time …

Customer Service

Gap still yawns between Greece and its creditors | Financial Times

Greece faces a reckoning in Brussels on Monday that will bring into relief profound differences with its international creditors and test the mettle …

Europe

Japan’s exit from recession lacks momentum | Financial Times

Japan’s economy emerged from recession in the fourth quarter of 2014, but even after two years of Abenomics is still struggling for momentum. Overall …

Economy

Japan Escapes Recession But Growth Misses Forecasts

Weak consumption points to challenges for ‘Abenomics’<p>TOKYO—Japan’s economy pulled out of recession more slowly than expected last quarter, with soft spending by businesses and consumers underscoring the challenges facing Prime Minister Shinzo Abe as he tries to steer the nation to a robust recovery.<p>…

Economics

AmEx-Costco Divorce Shakes Up Card Industry

Costco Cards Account for One Out of Every 10 AmEx Cards in Circulation<p>American Express Co. and Costco Wholesale Corp. are ending their 16-year relationship, a surprise move that pummeled AmEx’s stock price and will trigger a major upheaval in the card industry.<p>The unusual partnership, in which …

Costco

M&A helps lift US healthcare stocks | Financial Times

Gilead Sciences, the biotech behemoth that has seen its market valuation soar to a cool $145bn, has put in a strong performance over the past 14 …

Markets

Greece set for eurozone showdown | Financial Times

Greece’s Yanis Varoufakis heads for showdown talks with his fellow eurozone finance ministers on Wednesday afternoon, buoyed by a strong endorsement …

Europe

ECB breathes sigh of relief over quantitative easing | Financial Times

On the eve of its historic decision to launch a quantitative easing programme last month, the European Central Bank faced a toxic mix of anxiety and …

Economics

Chinese monetary policy undergoes big shift | Financial Times

China’s central bank engineered a quiet revolution in monetary policy last year, newly released data have shown, as authorities invented tools to …

Stock Markets

Renters Are Majority in Big U.S. Cities

Even Relatively Inexpensive Places Move Away From Homeownership<p>By<p>Laura Kusisto and<p>Laura Kusisto<p>The Wall Street Journal<p>Biography<p>@LauraKusisto<p>Laura.Kusisto@wsj.com<p>Kris Hudson<p>Kris Hudson<p>The Wall Street Journal<p>Biography<p>@KrisHudsonWSJ<p>Kris.Hudson@wsj.com<p>American cities—and not just the priciest ones—are …

Real Estate

U.S. Banks Say Soaring Dollar Puts Them at Disadvantage

Firms Say They May Be Forced to Hold More Capital Than Foreign Rivals<p>WASHINGTON—The strengthening U.S. dollar is rippling through the financial system in unexpected ways, revealing what bankers say is a hidden flaw in a Federal Reserve proposal to increase capital cushions at the nation’s largest …

Stock Markets

India Growth Rate Set to Rival China

India Projects 7.4% Economic Expansion Using New GDP Calculation Method<p>NEW DELHI—India expects its economy to grow at 7.4% in the current fiscal year, a growth rate that rivals China’s, reflecting a strengthening recovery but also a recent radical revision in the way the country calculates its …

India

Gap, Aéropostale Raise Outlook for Holiday Period

Holiday Shopping Season Was One of Strongest for Retailers in Years<p>Gap Inc. raised its fiscal-year 2014 outlook, pointing to strength in the fourth quarter and a lower tax rate, but its sales results for January disappointed in the weeks following the holiday rush.<p>The news came as fellow apparel …

Urban Outfitters

Job Openings at 14-Year High as Hiring Returns to Pre-Recession Levels

For the first time since January 2001, the U.S. had more than five million job openings at the end of December, a sign of a labor environment shifting in favor of workers.

Employment

AOL Earnings Beat Expectations on Increased Advertising

Subscription Revenue Fell 5%, as Higher Pricing Was Unable to Offset a Drop in Subscribers<p>AOL Inc. said on Wednesday that growth in its advertising revenue helped the company post better-than-expected earnings in the December quarter, but declining sales for AOL’s own properties dragged down on …

Strong Dollar Squeezes U.S. Firms

Rising Currency Takes a Toll on Sales and Profits; Stocks Drop as Capital Spending Slows, Too<p>The stronger dollar is slicing sales and profits at big American companies, prompting them to put renewed emphasis on cost cutting and cramping the broader U.S. economy.<p>The currency effects are hitting a …

Stock Markets