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Federal Reserve Bank of St. Louis President James Bullard said on Friday that he sees the current level of bond purchases as "appropriate." Bullard stated that monetary policy is part of the...
Coronavirus Pandemic Could Pose ‘Major Resilience Test’ for Global Financial System, IMF SaysOct 16, 2020 - 08:23:26 PDT
Companies that borrowed heavily at low interest rates to cope with the coronavirus crisis may have trouble paying their debts, increasing the risk of bankruptcies, the IMF said in its Global Financial Stability Report.
I spent a little time at Jekyll Island, Georgia, last weekend. I looked hard, but I didn't find the mythical creature from Jekyll Island. From what I hear, it's taken up permanent residence in Washington D.C. But I did locate its birthplace.If you don't get the reference, I'm referring to the Federal Reserve.
A complicated state-level tax landscape could cause headaches for small businesses, some experts say.
The U.S. is one of the few countries that requires its citizens to file taxes while living abroad. For some, it is enough to push them to give up their citizenship.
John Allan, chairman of Britain’s largest supermarket, Tesco Plc, speaks on "Bloomberg Markets: European Open" about the risk of short-term shortages of some fresh food when the transition period for the U.K.'s exit from the European Union ends in January.
Smoothie Making Bot at Walmart Signals the Rise of the Robot Fast Food WorkerOct 16, 2020 - 08:07:14 PDT
You know that food preparation robots are going mainstream when they pop up in Walmart. Blendid's new smoothie-making robot kiosk in Fremont is only the latest.
Oct 16, 2020 - 08:02:21 PDT
Nearly a decade after the Fukushima nuclear disaster, Japan's government has decided to release over one million tonnes of contaminated water into the sea, media reports said on Friday, with a formal announcement expected to be made later this month.
Wall Street Bank Trading Boom Does Little to Assuage Concerns About LendingOct 16, 2020 - 08:00:28 PDT
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic.
Second Sovereign Downgrade Wave Coming, Major Nations at Risk: S&P GlobalOct 16, 2020 - 07:29:44 PDT
Some of the world's top economies could see their credit ratings cut or put on downgrade warnings in the coming months in a second global wave of coronavirus-related revisions, S&P Global's top sovereign analyst has warned.
Nearly a Quarter of Lower Income Americans Face Marginal Tax Rates of More Than 70%Oct 16, 2020 - 07:15:39 PDT
Nearly a quarter of lower-income Americans face marginal tax rates of more than 70% when adjusted for loss of government benefits; so every $1,000 gained gets reduced by $700 in form of taxes or reduced spending, as per
@AtlantaFed
It's been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these jobs are never coming back. He also talks a little about the upcoming presidential election and makes a prediction about the outcome.
(Bloomberg) -- European leaders from London to Berlin face an alarming reality: lockdowns are creeping back on the agenda as the pandemic threatens the continent again.It’s a scenario many ruled out after the summer, when coronavirus cases were receding across Europe and borders were re-opening. A resurgence
Hope Rises But Current Conditions Crumble As UMich Sentiment Hits 7 Month HighsOct 16, 2020 - 07:10:24 PDT
...longer-term inflation expectations plunged from 2.7% to 2.4%...
This leaves US Industrial Production unchanged since May 2006...
Investors Dump Cash, Throw Money at Everything, Gold, Mortgage Backed Securities: BofAOct 16, 2020 - 06:04:42 PDT
Investors have pulled $237 billion from money market funds, the U.S. investment bank said, highlighting a still-high $4.4 trillion held in cash. Throwing money at everything, BofA said investors also pumped $1.2 billion into gold funds. Mortgage backed securities saw inflows of $1.8 billion.
World Bank Chief Economist Carmen Reinhart Says Financial Crisis Could Emerge From PandemicOct 16, 2020 - 06:02:44 PDT
World Bank Chief Economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging.“This did not start as a financial crisis but it is morphing into a major economic crisis, with very serious financial
No reporter asks about it. The candidates don't talk about it. Are voters even concerned about it?
......driving demand for positive yielding HG credit
The Fed Is Starting to Build Up Its Balance Sheet Again, Boosting It by $76.8 BillionOct 16, 2020 - 05:55:06 PDT
The Fed is starting to build up its balance sheet again, boosting it by $76.8 billion in the past week, the biggest increase since May. Its assets now total $7.15 trillion.