Federal Reserve

Clearing up some misconceptions about how the stock market works

You can learn lots of interesting things by closely studying America’s Financial Accounts (formerly known as the Flow of Funds) published by the …

Finance

Canadian dollar jumps as GDP grows for seventh straight month

Canada’s economy grew for a seventh straight month in May – its best run since 2014 – underscoring the central bank’s decision to raise rates earlier …

Economy

Fed Caught in ‘Stinky Box’ as Politics Outweigh Data, Fuss Says

The Federal Reserve has a lot more to worry about than being data dependent, according to Loomis Sayles & Co. Vice Chairman Dan Fuss.<p>In a year of …

Economy

What you need to know on Wall Street today

<i>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.</i><p>The GOP's attempt to overhaul healthcare is dead.<p>Sen. John McCain stunned much of the US and his party leaders on Friday, when shortly before 2 a.m. ET he voted against a "skinny" plan to repeal parts of …

Anthony Scaramucci

U.S. economy rebounds in the second quarter

The U.S. economy rebounded strongly between April and June, government data showed Friday morning, as businesses invested more and consumers shelled out for furniture, washing machines and other goods.<p>The country's gross domestic product, a broad measure of economic activity, grew at an annualized …

Economy

Quarterly GDP numbers day

<b>QUARTERLY GDP NUMBERS DAY</b> — If 3 percent economic growth is the ultimate measure of success of the Trump administration, the White House may get a small taste of victory today when second-quarter GDP numbers are released. Actually, economists are expecting the economy to show just under 3 percent …

Economy

This chart suggests the unemployment rate isn’t as low as it seems

Look closer and there’s plenty of slack.<p>The unemployment rate has fallen to exactly where it was back in March 2007 before the Great Recession struck, but wage growth has continued to be sluggish as if the labor market remains weak.<p>Mark Dow of Nomura Securities has an interesting chart that …

Economy

US growth picks up but wage shadows remain

The rate of US growth picked up steam but wage growth undershot estimates, underscoring the economy’s recent patchy performance.<p>Gross domestic …

Economy

US stocks fall as Amazon drags tech lower

U.S. equities opened lower on Friday as large-cap tech stocks followed Amazon.com lower.<p>Shares of the e-commerce giant fell 3.36 percent in the …

Economy

The Fed's plan to start shrinking its balance sheet could have unforeseen consequences

• <b>The Fed is expected to soon start shrinking its balance sheet after massive purchases of financial assets during and after the Great Recession.</b>• <b><br>However, uncertainty around the timing and pace of the wind-down could hurt credit markets and the economy.</b><p>The Federal Reserve is trying to have its cake …

Economy

Trump choice for Fed board says he likes rule change ideas

WASHINGTON – Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules.<p>At his Senate confirmation hearing Thursday, Quarles said he agreed with recent recommendations of the man he'd replace as …

Economy

The Gen-Lost Is Still Lost...

On Thursday, MarketWatch reported on a research note from Spencer Hill of Goldman Sachs Research claiming that the young workers cohorts in the U.S. …

Economy

Top 5 things to know in the market on Friday

Investing.com - Here are the top five things you need to know in financial markets on Friday, July 28:<p>1. Dollar continues to hover near 13-month lows …

Markets

Gold set to notch third-straight weekly gain amid dollar slump

Investing.com – Gold prices traded higher on Friday, as the dollar remained under pressure at fourteen-month lows, after investor expectations grew …

Commodities

U.S. GDP speeds up to 2.6% in 2nd quarter

WASHINGTON (MarketWatch) — Americans got out and spent more in the spring, nursing the U.S. economy back to good health after a feeble start to the year.<p>The official scorecard for economy, known as gross domestic product, swelled to a 2.6% annual rate in the second quarter, the government said …

Economy

Pulled debt sales fail to shake belief in Asia’s Goldilocks outlook

Three Asian bond sales pulled in a single day. In other economic cycles, it would be the sort of event that might help a reporter win a name for …

Economy

CURRENCIES: Dollar Spins Wheels Ahead Of GDP Report Expected To Show Faster Clip Of Growth

Swiss franc falls for fourth-straight day, on track for biggest monthly drop in six years<p>The U.S. dollar churned lower against most rivals save for the depreciating Swiss franc on Friday ahead of an update on the broadest measure of the U.S. economy--a GDP report that could help shape the Federal …

Economy

The White House's 'American heroes week' has not gone according to plan

If you went into a lab to design a terrible week for the Trump administration, you would have a hard time topping what just happened.<p>In brief review: …

Health Care

Consumers, businesses lift US economic growth in Q2

The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, confirming that the …

Economy

US employment costs grew slower in second quarter

WASHINGTON (AP) — Wages and benefits paid to U.S. civilian workers grew more slowly in the second quarter.<p>The Labor Department said Friday total compensation was up 0.5 percent in the April-June period, compared to 0.8 percent growth in the first quarter.<p>Wages and salaries, which account for 70 …

Economy

BOND REPORT: Treasury Yields Dip After Second-quarter GDP Data

Second-quarter GDP jumped 2.6% from 1.2% in the previous quarter.<p>Treasury prices recovered from earlier weakness on Friday, pulling down yields after a rebound in second-quarter economic growth, but a lack of accompanying inflation and wage growth cast doubt on the likelihood of another rate …

Economy

Making Sense: Right Said Fed

The FOMC announced its latest policy decision Wednesday. As expected, the FOMC left monetary policy unchanged. The tone of the FOMC statement was …

Economy

Chinese Demand for Gold Bars Climbs by Half on Hunt for Havens

Demand for gold bars in China, the world’s biggest bullion market, soared by more than half in the first six months of the year as investors sought a …

gold

Markets Live: The edge of earnings

Shares are set for a soft start to the day after Wall St eases and as investors look to the start of profits season next week, while the Aussie dips …

Economy

Technology stock wobble reaches Europe

The wave of selling across the tech stocks has reached Europe, after news of Amazon’s lowest profits in seven quarters drew a pause in the sector’s …

Economy

Nothing Short of Rate Cuts Can Slow the Aussie Dollar Down

<i>Start your day with what's moving markets. Sign up here to receive our newsletter.</i><p>The Australian dollar’s climb above 80 U.S. cents isn’t the sort of …

Economy

Gold falls from six-week high on $US lift

Gold has fallen from a six-week high, pressured by the US dollar's bounce on solid US economic data and as traders digested the Federal Reserve's …

gold

Asian shares pull back after US techs knocked off highs

Asian stock markets sagged on Friday after U.S. tech shares retreated from recent rallies, though optimism on U.S. corporate earnings and the global …

Markets

News Highlights: Top Global Markets News of the Day

Tech Selloff Spreads to Europe and Asia<p>Stocks around the world fell as a selloff that started in U.S. tech shares rippled overseas.<p>French Economy's Growth in Second Quarter Boosts Macron After Setbacks<p>The French economy maintained firm growth in the second quarter, giving President Emmanuel Macron …

Economy

News Highlights: Top Financial Services News of the Day

U.S. Targets Bitcoin Exchange, Alleging It Facilitated Crime<p>U.S. law-enforcement authorities took aim at one of the world's largest digital-currency exchanges this week in an anti-money-laundering operation that spanned two continents.<p>Mnuchin: Volcker Rule, 'Too Big to Fail' Set for Changes<p>The …

M&T Bank