U.S. Treasury

China's U.S. Treasury holdings rise in October: data

NEW YORK (Reuters) - China’s holdings of U.S. Treasuries increased in October after declining the previous month, as the world’s second largest economy continued to build its foreign exchange reserves, data from the U.S. Treasury Department showed on Friday.<p>China’s pool of Treasuries increased to …

Economy

World shares gain; U.S. yield curve flattest in decade

NEW YORK (Reuters) - World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the U.S. yield curve hit its flattest in a decade after the Federal Reserve hiked interest rates earlier this week.<p>MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained …

Economy

Cuban senior diplomat says willing to improve U.S. ties despite setback - Xinhua

HAVANA, Dec. 15 (Xinhua)-- Cuba reiterated on Friday its willingness to continue normalizing ties with Washington, despite setbacks caused by U.S. …

News (China)

Banned Over Terror Clients, FBME Bank Has Added Woe: U.S. Probe

U.S. prosecutors in Brooklyn are examining whether FBME Bank Ltd., a small international bank already barred from the U.S. financial system over …

Business

S&P 500 Snapshot: Post-Fed Hike And FCC Ruling, Tax Bill Looms

<i>By Jill Mislinski</i><p>This week was a busy one for headlines between the FCC's decision to repeal net neutrality rules, the Fed's expected rate hike, and …

Business

Net Neutrality: The FCC Chair Is Drunk on Ideology

Ajit Pai is drunk on free market economics. There’s no other way to explain his decision as chairman of the Federal Communications Commission’s to …

Tech Industry

Stocks and Bonds Are Sending the Correct Signals

Although the economy is not about to fall into recession, it is close to the peak for the current growth cycle.<p>What does a post-crash, post-austerity, post-globalization global economy look like? As close to perfect as possible, based on how investors are pricing financial volatility, credit …

Economy

Who will reap the wealth of the GOP corporate tax cut?

<b>Paul Solman:</b><p>Let’s slice off the corporate tax cut, the largest and most permanent of the cuts in the bill. To spare you mind-numbing numbers popping …

Gary Cohn

Boeing, Airbus Sales Imperiled as Trump Administration Formulates Iran Plan

WASHINGTON—The Trump administration is advancing a strategy that could derail efforts by Boeing Co. and Airbus SE to sell hundreds of jetliners to Iranian airlines, U.S. officials said.<p>The two aerospace giants have lined up deals over the past 15 months that have been left in limbo as the White …

U.S. Politics

Stocks rise to new records as tax reform looks poised for passage

Stocks surged to fresh record highs, double their opening gains following reports that Senators Rubio and Corker would vote in favor of the …

Business

The Daily Prophet: Stock Traders Have No Patience for Rubio

Despite the synchronized global economic recovery and the forecasts for higher corporate earnings, it's becoming more and more evident that the fate …

Economy

US Treasury Report: DLT Data Storage Raises Oversight Concerns

An oversight body within the U.S. Treasury Department believes the use of decentralized ledgers to store information "may raise challenges" for …

Bitcoin

The Year's Most Attractive TIPS Auction Could Be Coming Dec. 21

Short-term TIPS have attractive real yields, at least compared with longer maturities.<p>Watch out for volatility in the Treasury market next week in …

Business

Bill Gates utilizing public-private partnerships to help save planet

This week in Paris, we are witnessing an expanded effort by the private sector to shape new approaches to energy investment that could have important …

Bill Gates

World stocks lower; U.S. Treasury yield gap shrinks | Reuters

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Dec 15, 2017 03:15 am | Updated Date: Dec 15, 2017 …

Stocks

Inconceivable! Congressional Repeal of Tax-Exempt Advance Refunding Bonds Might Not Generate the Revenue that Congress Thinks it Will

White smoke rises in the east! Later today (Friday), it is expected that the House-Senate Conference Committee will release a final draft of the Tax …

Law

Paul Ryan And Top Republican Lawmakers Could Reap Personal Windfall From New Real Estate Tax Breaks

As Congress races to finalize a landmark $1.4 trillion tax bill, key Republicans legislators directly overseeing the initiative could reap a personal …

Real Estate

GLOBAL MARKETS-World stocks lower; U.S. Treasury yield gap shrinks

* Wall St ends down; investors worry about tax bill passage<p>* Upbeat retail sales data flatten U.S. yield curve<p>* Dollar gives up gains on doubts about …

Economy

Bullish bets on most emerging Asian currencies drop - Reuters poll

(Reuters) - Investors cut their long positions on most emerging Asian currencies in the last two weeks, a Reuters poll showed, with bullish bets on …

Economy

Euro zone bond yields may be in for New Year shock as ECB cuts buying

LONDON (Reuters) - Euro zone government bond yields are close to multi-month lows just as the European Central Bank is on the verge of cutting its bond-buying scheme by half, leaving some investors worried that a sharp correction may be due in 2018.<p>The European Central Bank (ECB) headquarters are …

Economy

How the Fed's rate hike will affect your finances

At a time of transition at the Federal Reserve as well as fiscal policy in Washington, the move to raise the funds rate Wednesday will inevitably …

Mortgages

Asian shares slip as Fed, China hikes dampen sentiment

HONG KONG (AP) — Asian stocks were mostly lower Thursday after the Fed raised rates again as expected, followed by similar moves in China and Hong Kong that dampened investor sentiment.<p>KEEPING SCORE: Japan's benchmark Nikkei 225 index dipped 0.3 percent to 22,694.45 while South Korea's Kospi …

Economy

Bond Market Begins to Ignore Trump as His Ratings Slump: Goldman

In the bond markets, President Donald Trump appears to be losing his influence.<p>For the first eight months of this year, the U.S. Treasury market …

Banking

Nikkei slips, telecom shares slump on Rakuten market entry plan

TOKYO, Dec 14 (Reuters) - Japan's Nikkei share average slipped on Thursday, as banks and insurer shares weakened in line with lower interest rates …

Markets

How the Fed Rate Increase Affects Your Mortgage, Car Loan and Credit Card Bill

The Federal Reserve’s decision to raise its benchmark interest rate on Wednesday, the fifth increase since the financial crisis, will probably reach beyond Wall Street and into most American homes.<p>Anyone with a credit card will see a small but instant shock to their interest rate, followed by …

Business

The Shady Bank Where This Russian NBA Owner Stashed Money

Russian oligarchs loved the bank known as FBME, which operated out of Cyprus and Tanzania. Then the U.S. Treasury forced it to shut down. A …

Russia

Tax Bill Is Christmas Present Americans Have Been Waiting For

Pending tax cut legislation will eliminate the federal income tax burden on the average American family earning $59,000 a year. It will halve the tax …

Social Justice

Is IBM a Buy?

Value-oriented investors looking for large dividends may want to give Big Blue a closer look.<p>Has <b>International Business Machines</b> (NYSE:IBM) officially …

Stocks

Banks Begin Taking Cannabis Businesses Into Account

A few companies in the cannabis industry do indeed have access to safe and legal banking, and that number is beginning to grow.<p>Legal marijuana is a …

Cannabis

Department of Energy broke law in blocking research funds, report says

A congressional watchdog agency says the Department of Energy (DOE) broke the law in trying to prevent one of its research units from spending part …

Government