Tag: economy

Capital and risk, Macroeconomic

US weekly jobless claims fall more than expected

January 10, 2019


The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to a strengthening labor market that could further ease concerns about the economy’s health. Initial claims for state unemployment benefits fell 17,000 to a […]

Capital and risk, Macroeconomic

US third-quarter GDP growth unrevised at 3.5%

November 28, 2018


The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year. Gross domestic product increased at a 3.5 […]

Activity, Investment banking

As the stock market and economy are set to skid, Goldman says cash will be king

November 21, 2018

Via: Market Watch

Cash is king. That is according to Goldman Sachs strategists who predict that 2019 will deliver lackluster, single-digit stock-market returns, making greenbacks the best game in town. “We forecast S&P 500 will generate a modest single-digit absolute return in 2019. […]

Capital and risk, Macroeconomic

Wages and salaries jump by 3.1%, highest level in a decade

October 31, 2018


Employment costs rose more than expected in the third quarter in a sign that more inflation could be brewing in the U.S. economy. The Labor Department’s employment cost index rose 0.8 percent for the period, ahead of the estimate of […]

Capital and risk, Macroeconomic

Wage increases are the highest on record, business economists say

October 29, 2018

Via: Market Watch

More firms report raising wages and salaries than at any time in 36 years, according to a survey of business economists out Monday. A net 56% of respondents to the third-quarter National Association for Business Economics survey said their firms […]

Capital and risk, Macroeconomic

Third-quarter GDP cools a bit to a still-solid 3.5% rate

October 26, 2018

Via: Market Watch

The numbers: Gross domestic product decelerated a bit to a 3.5% annual pace in the third quarter, down from torrid 4.2% pace in the prior three months, the government said Friday. GDP is the official measuring stick for the U.S. […]

Activity, Investment banking

Investment funds tech startup FundGuard secures $4 million in seed funding

October 19, 2018

Via: Finextra headlines

FundGuard, a cloud-based investment funds operating system powered by AI and designed to revolutionize the investment funds technology space, today announced its launch and $4 million in funding led by venture firms Blumberg Capital and LionBird. FundGuard will use the […]

Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

Capital and risk, Channels, Operational

Refinitiv expands cloud delivery of financial data via AWS

October 17, 2018

Via: Finextra headlines

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, announced today that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe. To ensure continued excellence and […]

Activity, Trading

Trump’s North American Trade Triumph

October 16, 2018


For those on the left and right who were certain that President Donald Trump’s presidency meant the end of global free trade … think again. Though Trump’s critics have dismissed the significance of the new Mexico and Canada trade deal, […]