Wall Street Journal Obama Administration Gives Up on Pacific Trade DealWall Street JournalA sweeping Pacific trade pact meant to bind the U.S.and Asia effectively died Friday, as Republican and Democratic leaders in Congress told the White House they won't advance it in the election's aftermath, and Obama administration officials …Obama administration suspends efforts to win […]
Trump Drives Dow to Record High: ETFs in FocusYahoo FinanceThe Dow Jones Industrial Average closed at a new all-time high on Thursday on hopes of expansive government spending, lesser financial regulation, and increased prospects of tax cuts that would boost economic growth under a Trump presidency. Notably … and more » Subscribe to the RSS feed
Bloomberg Trump May Play Unexpected Savior in Fed's Escape From Zero BoundBloombergEarly signs from financial markets suggest Donald Trump's victory in the U.S. presidential election may soon erase the Fed's biggest problem and one that central bankers have been slow to address: low inflation expectations. Break-even inflation rates …Interest Rates Are Going Much HigherTheStreet.comTrump Victory […]
New York Times Viacom profit down 71% as movies, networks missMarketWatchViacom Inc., in the midst of exploring a possible merger with CBS Corp., on Wednesday reported its profit plunged 71% in the latest quarter, hurt by continued soft performance at its networks and a weaker showing at the box office. On an earnings call …Viacom's […]
Bloomberg Investors Lose $337 Billion as Bonds Whipsawed on Trump VictoryBloombergGlobal bond investors lost $337 billion in a single day Wednesday as Donald Trump's election as U.S. president sparked concern his plan to boost economic growth will lead to a surge in inflation. The total market value of bonds around the world slid by …US […]
Business Today Asia Extends Global Stock Recovery as Trump Fears EaseNew York TimesHONG KONG — Asian shares rallied Thursday, extending a surprising global recovery as Donald Trump's conciliatory acceptance speech comments helped soothe world financial markets spooked by his unexpected U.S. election victory. The rebound in Asia …Asian Shares Rebound as Investors See Hope in Trump […]
Financial Express Samsung's biotech unit debuts in Seoul. Here's what to know.U.S. News & World ReportSEOUL, South Korea (AP) — Samsung Biologics Co., the contract drug making unit of Samsung Group, made its market debut in Seoul on Thursday in South Korea's largest initial public offering in six years. Samsung is looking to biotech to […]
Business Insider Goldman names 84 new members to partner class, six more than prior groupBusiness Insider(Reuters) – Goldman Sachs Group Inc elevated 84 employees on Wednesday to its prestigious partner class. The new group has six more people than the prior class, which was announced in 2014. The latest induction will bring the total number […]
Los Angeles Times Trump administration could upend post-crisis financial reforms, weaken CFPBLos Angeles TimesAfter years of fines, stress tests, settlements and tightening regulations, the biggest story in banking this year was more of the same: the unauthorized accounts scandal at Wells Fargo & Co. and the crackdown on banking industry sales practices …Victorious Trump is […]
Live Trading News President-elect Donald Trump Powers US StocksLive Trading NewsPresident-elect Donald Trump looks to be very good for the US stock market, crushing the theories of the naysayers. Asian stock markets tumbled shortly after Trump overtook Hillary Clinton in the presidential electoral vote count early Wednesday. and more » Subscribe to the RSS feed