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News & Updates
November 16, 2015 Global Stocks Mainly Steady After Paris Attacks -- Update
Inside Fidelity - After a brief wobble in early trade, European equities climbed. The Stoxx Europe 600 was 0.1% higher midmorning. France's CAC 40, which fell more than 1% in early trade, was down 0.1%. Airlines and travel...
November 14, 2015 Poor pension-fund returns mean a $400 million-plus bill
Crain's New York Business - The pension funds overseen by City Comptroller Scott Stringer achieved less than half the targeted 7% return in fiscal 2015, and the bill for that performance was made public Thursday. The city is...
November 13, 2015 Fed officials lay case for December liftoffSource: Reuters
Federal Reserve officials lined up behind a likely December interest rate hike with one key central banker saying the risk of waiting too long was now roughly in balance with the risk of moving too soon to normalize rates after...
November 13, 2015 Wall St. suffers biggest drop since SeptemberSource: Reuters
Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.
November 12, 2015 Draghi broadside knocks euro back below $1.07Source: Reuters
The euro dipped briefly below $1.07 on Thursday after European Central Bank chief Mario Draghi singled out the currency's more robust performance since May as one driver for a "weakening" outlook on inflation
November 12, 2015 Macy's cuts full-year forecast, sends shivers through retailSource: Reuters
Warm weather, low spending by tourists and a pileup of unsold inventory prompted Macy's Inc (M.N) to cut its full-year forecast on Wednesday, raising wide concerns about the retail sector's financial health.
November 12, 2015 Global Stocks Steady as Investors Study Central Bank Clues
Wall Street Journal - Changes in futures aren't necessarily reflected in market moves after the opening bell. The Stox Europe 600 was down 0.3% midmorning after some downbeat corporate earnings reports. The index picked up from...
November 12, 2015 Top 100 CEOs' Retirement Savings Equals 41 Percent of US Families
News Max - "These benefits weren't originally intended to be huge wealth generators but they've become that as CEO compensation has grown to 200 to 300 times what average workers make," said Gary Hewitt, director of governance...
November 12, 2015 Consumer confidence retreats in October
CNBC - U.S. consumers were feeling less optimistic about the economy in October, according to a report released Tuesday. The Conference Board's Consumer Confidence Index fell to 97.6 in October, missing estimates. Economists...
November 12, 2015 China warns WTO its cheap exports will soon be harder to resistSource: Reuters
China has served notice to World Trade Organization members including the European Union and United States that complaints about its cheap exports will need to meet a higher standard from December 2016, a Beijing envoy said at a...
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