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Economy

Chicago Federal Reserve Bank President Charles Evans on Tuesday became the latest to express worries on that front, saying he is increasingly concerned that a recent softness in inflation is a sign the USA central bank will struggle to get price pressures back to its 2 percent objective.
  • USA dollar closes higher on Taipei forex

    USA dollar closes higher on Taipei forex

    Economy

    The two-year and ten-year yield spreads have fallen below the 80-basis-point mark as bond markets are pricing in lower inflation premiums for longer maturity bonds. "It was easily justified giving how far they had outrun, but I can't believe it was as short-lived". That's because long-dated debt is heavily influenced by pension funds, hedge funds and other participants that lend across the economy, often known as the "shadow banking" industry, and not the US central bank.
  • Highland Reel wins Prince of Wales's Stakes

    Highland Reel wins Prince of Wales's Stakes

    Economy

    Tomorrow and Day 3 of Royal Ascot will see another six race card, with the big race of the afternoon being the Gold Cup, due off at 4.20pm GMT. Barney Roy sprung a surprise on day one at Royal Ascot by winning the St James's Palace Stakes, with favourite Churchill only finishing in fourth.
  • FIFA satisfied with attendance at Confed Cup games in Russia

    Economy

    European champion Portugal goes into Wednesday's game against Russia on the back of a frustrating 2-2 draw with Mexico - Santos suggested Tuesday he may shake up the squad - while the Russians are riding high in Group A after beating New Zealand 2-0 in their opener.
  • WannaCry ransomware causes Honda plant shutdown in Japan

    WannaCry ransomware causes Honda plant shutdown in Japan

    Economy

    Mike Ahmadi, global director of critical systems security at Synopsys, said: "A plant shutdown can cost millions of dollars per day in lost production and, in any event, is likely to far exceed the cost of the ransom". A spokesperson for Honda reported the company attempted to secure its systems in May when the WannaCry ransomware attack began hitting computer systems but was unable to successfully protect all of its network from the attack.
  • London mayor unveils plan to reduce dependency on cars

    Economy

    With ideal timing, the unveiling of the Mayor of London's wide-ranging new transport strategy yesterday coincided with the triggering of an emerging air quality alert, prompted by high temperatures and southerly winds that sent air pollution levels soaring.
  • Cuba blasts Trump's decision to revamp Obama-era deal

    Economy

    This is likely to affect pending hotel projects with Cuban companies that have ties to the military. Cuba later denounced the move as a setback in U.S. It was a policy shift by the United States government towards Cuba. Obama had announced in December 2014 that he and Castro were restoring ties and less than a year later, the US Embassy in Havana was re-opened with the then US president making a historic visit to the Communist country in 2016.
  • Will Cedar Realty Trust Inc (CDR) Short Squeeze Soon?

    Economy

    On Monday, October 3 the stock rating was downgraded by Boenning & Scattergood to "Neutral". Since the beginning of the calendar year, company shares have performed -16.22%. Therefore 54% are positive. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, January 18. (CDR) Ex-Dividend Date Scheduled for February 08, 2017" published on February 07, 2017 as well as Seekingalpha.com's news article titled: "Cedar Realty Trust's (CDR) CEO Bruce Schanzer on Q4 2016 ...
  • Bank of America Corporation (BAC) Position Held by Sanders Morris Harris Inc

    Economy

    It has outperformed by 7.46% the S&P500. Jackson Square Partners Llc decreased Mastercard Inc Cl A (MA) stake by 11.96% reported in 2016Q4 SEC filing. Baird given on Tuesday, August 25. The company was downgraded on Friday, August 5 by Mizuho. KeyBanc Capital Markets upgraded the shares of APD in report on Monday, January 11 to "Overweight" rating.
  • Schlumberger Limited (NYSE:SLB) Touching Most Active List Today

    Schlumberger Limited (NYSE:SLB) Touching Most Active List Today

    Economy

    Schlumberger Ltd now has $90.50 billion valuation. Grp Inc One Trading LP accumulated 0.01% or 7,217 shares. Veritas Investment Management UK Ltd now owns 166,326 shares of the oil and gas company's stock worth $13,963,000 after buying an additional 4,083 shares during the period.
  • Asian stocks fall after Federal Reserve hikes rates

    Asian stocks fall after Federal Reserve hikes rates

    Economy

    The Fed expects that inflation will not hit the current target , of two percent, and it has revealed plans for unwinding the post-asset purchasing balance sheet , which now totals nearly $4.5 trillion. And the most important pillar of the economy - the job market - remains solid if slowing, with unemployment at a 16-year-low of 4.3 percent - even below the level the Fed associates with full employment.
  • TD Securities Cuts Encana Corp (ECA) Price Target to C$15.50

    Economy

    The percentage of stocks meeting price targets is 55%. On the other hand Encana Corp (NYSE: ECA ) has Relative Strength Index (RSI 14) of 32.06 along with Average True Range (ATR 14) of 0.46. Encana Corporation's payout ratio is now -31.58%. Encana Corporation (ECA ) has been given an average price target of $14.05 from analysts, according to data collected by Finviz.