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News & Updates

June 8, 2016 World Bank cuts global growth forecast on weak demand, commodity prices

Source: Reuters

The World Bank slashed its 2016 global growth forecast on Wednesday to 2.4 percent from the 2.9 percent estimated in January due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and...

June 8, 2016 Disenchantment with E.U. Grows, Poll Finds

Source: NY Times

LONDON — As Britain prepares to vote on June 23 on whether to remain in the European Union, skepticism about the bloc is on the rise across Europe, with about two-thirds of Britons wanting some powers returned to their national...

June 8, 2016 Bitcoin should be banned in France; says political party Front National

econotimes.com - She said in her statement, â??The powerful business lobby Wall Street banks (JP Morgan, Goldman Sachs) relayed by the î??World Economic Forumî?? in Davos in 2016, sold two ideas to states and...

June 7, 2016 U.S. Stocks Rally, S&P 500 Regains Seven-Month High After Yellen

Source: Bloomberg

U.S. stocks advanced, with the S&P 500 Index regaining a seven-month high, as Federal Reserve Chair Janet Yellen signaled the economy is still strengthening enough to withstand gradual increases in borrowing costs despite recent...

June 7, 2016 Union Leaders Call On 6 Million Members To Vote Remain

Source: BreitBart

The leaders of Britain’s biggest unions have called upon their six million members to vote to remain within the European Union (EU), on the grounds that they don’t trust Britain’s current Conservative government.

June 7, 2016 John Hancock Investments launches two ESG funds

Source: PR Newswire

BOSTON -- John Hancock Investments today announced the addition of two new funds focused on integrating environmental, social, and governance (ESG) issues with fundamental stock research. John Hancock ESG All Cap Core Fund and...

June 7, 2016 Republican leader proposes weakening Dodd-Frank, spotlights U.S. political divide

Source: Reuters

The chair of the House Financial Services Committee is proposing to wipe out much of the U.S. regulation put in place after the financial crisis with a plan expected to ignite debate in the presidential election but flame out in...

June 7, 2016 Major health insurers seek sharply higher rates in Connecticut

Source: Bulletin 225

Some of Connecticut’s major health insurers are seeking rate increases far beyond medical inflation, including an average increase of 26.8 percent for the individual plans offered by the state’s biggest insurer, Anthem Health...

June 7, 2016 The Alchemist Who Turned Toxic Assets Into Gold at Citigroup

Source: Bloomberg

The memo landed on a Sunday in November. It was 2007, and securities backed by subprime mortgages were roiling markets and imperiling banks. Merrill Lynch Chief Executive Officer Stan O’Neal had just resigned under pressure, and...

June 7, 2016 Janet Yellen Speech Indicates Fed Will Rethink Interest-Rate Plans

Source: NY Times

PHILADELPHIA — The Federal Reserve has abandoned hope of raising interest rates at its next meeting in June, but Fed officials say they are still thinking seriously about raising rates in July or September.

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