Economy and Government Policy

  • Volatility — What you need to know in markets on W … Yahoo Finance - Wed, Mar 22, 2017 6:21 AM SGT
    Volatility — What you need to know in markets on Wednesday

    The benchmark S&P 500 broke its 109-day streak of not losing 1% or more in a single session, while bank stocks got absolutely demolished. When all was said and done, the Dow lost 237 points, or 1.1%, the S&P 500 lost 29 points, or 1.2%, and the Nasdaq lost 107 points, or 1.8%. In most years, the S&P 500 drops 5% or more …

  • Wall St. bellwether Jefferies confirms business is … Yahoo Finance - Tue, Mar 21, 2017 7:06 PM SGT
    Wall St. bellwether Jefferies confirms business is booming at the banks

    Investment bank Jefferies, a bellwether for Wall Street, reported its first quarter results on Tuesday, marking the firm’s fourth consecutive quarter of improving results. For the quarter ended February 28, Jefferies saw net earnings come in at $114 million compared to a net loss of $167 million in the prior year’s first …

  • What you need to know in markets on Tuesday Yahoo Finance - Tue, Mar 21, 2017 6:20 AM SGT
    What you need to know in markets on Tuesday

    After a busy couple weeks leading up to the Federal Reserve’s latest interest rate increase, this week markets should take a bit of a breather. None of the major equity indexes moved more than 0.2% on Monday, with the Dow and Nasdaq each moving less than 0.1% amid a lack of corporate and economic data. It has now taken …

  • What now? — What you need to know in markets this  … Yahoo Finance - Mon, Mar 20, 2017 12:14 AM SGT
    What now? — What you need to know in markets this week

    The anticipated Federal Reserve rate hike has come and gone. On Wednesday, the Fed raised interest rates for the third time since the financial crisis, taking its target range for the Fed Funds rate to 0.75%-1% from 0.50%-0.75%. The three big storylines to emerge from were the Fed making its 2% inflation target “symmetric,” …

  • Consumer confidence is at a 13-year high in Americ … Yahoo Finance - Fri, Mar 17, 2017 10:34 PM SGT
    Consumer confidence is at a 13-year high in America

    Confidence continues to rise among America’s consumers. On Friday, the latest consumer sentiment numbers from the University of Michigan released Friday showed that in March confidence rose again, as the index of consumer sentiment rose to 97.6 from a final reading of 96.3 in February. “The overall level of consumer sentiment …

  • Consumer confidence — What you need to know in markets … Yahoo Finance - Fri, Mar 17, 2017 5:54 AM SGT
    Consumer confidence — What you need to know in markets on Friday

    Quitting your job is not something to take lightly, and the economic read-through is that an increase in quits is a sign of increasing confidence among workers. Earlier this week we saw both small business and big business executives indicate their bullishness on the economy, and on Friday, we’ll hear from consumers.  …

  • Americans are quitting jobs at the fastest pace in … Yahoo Finance - Thu, Mar 16, 2017 10:49 PM SGT
    Americans are quitting jobs at the fastest pace in 16 years

    Employed Americans are quitting their jobs like crazy in another sign that under President Donald Trump, confidence across the U.S. economy is rising. In January, the number of Americans quitting their jobs rose to a seasonally-adjusted total of 3.22 million, the highest number since February 2001. A new high in job quitters …

  • Goldman Sachs downgrades stocks Yahoo Finance - Wed, Mar 15, 2017 10:37 PM SGT
    Goldman Sachs downgrades stocks

    Goldman Sachs’ portfolio strategy team has cut its outlook on the stock market for the next quarter. In a note to clients published late Tuesday, Goldman’s team led by by Christian Mueller-Glissmann took its view on stocks to “Neutral” from “Overweight” for the next three months. The team remains “Overweight” stocks over …

  • FED MEETING — What you need to know in markets on  … Yahoo Finance - Wed, Mar 15, 2017 7:13 AM SGT
    FED MEETING — What you need to know in markets on Wednesday

    Wednesday will be all about the Federal Reserve. At 2:00 p.m. ET on Wednesday, the Federal Open Market Committee will release its latest monetary policy decision, which markets expect will see the central bank take its benchmark interest rate to 0.75%-1% from 0.50%-0.75%. This would be the third interest rate hike from …

  • Why a blizzard in a small part of the country is national … Yahoo Finance - Wed, Mar 15, 2017 12:50 AM SGT
    Why a blizzard in a small part of the country is national news

    Every so often the news cycle escalates New York City’s weather into a national news story. Information about impending extreme precipitation dominates headlines and push notifications, and ends up irritating people time zones away, reigniting charges of coastal elitism and the New York-centric perspective of the media. …

  • America's small businesses are still extremely … Yahoo Finance - Tue, Mar 14, 2017 10:19 PM SGT
    America's small businesses are still extremely optimistic about Trump

    America’s small business owners are still hugely bullish on their economic prospects under President Donald Trump. On Tuesday, the National Federation of Independent Business released its latest small business optimism index, which came in at 105.3, slightly below last month’s reading but still near its best levels in …

  • Blizzard warning — What you need to know in markets … Yahoo Finance - Tue, Mar 14, 2017 6:57 AM SGT
    Blizzard warning — What you need to know in markets on Tuesday

    New York City has issued a blizzard warning for most of the region stretching from just north of Philadelphia through southeastern Maine. As a result of the storm, markets should be a bit quieter on Tuesday.

  • There's tremendous churn beneath the surface of … Yahoo Finance - Tue, Mar 14, 2017 1:05 AM SGT
    There's tremendous churn beneath the surface of the seemingly calm stock market

    The S&P 500 is down a little over 1% from its record highs.

  • Fed takes centerstage — What you need to know in markets … Yahoo Finance - Mon, Mar 13, 2017 4:29 AM SGT
    Fed takes centerstage — What you need to know in markets this week

    This week in markets will be all about the Federal Reserve. On Tuesday and Wednesday, the Federal Open Market Committee (FOMC), which is the committee that sets monetary policy, will meet and the meeting will culminate with the Fed’s latest policy announcement at 2:00 p.m. ET on Wednesday. According to market data from …

  • Americans are entering the labor force in droves Yahoo Finance - Sat, Mar 11, 2017 12:21 AM SGT
    Americans are entering the labor force in droves

    The unemployment rate dropped to 4.7% and wages rose 2.8% over last year. Rather, the big story is that people are coming back to the work force. This report, in other words, is all about participation.

  • 'Not a bad way to start’: White House declares … Yahoo Finance - Fri, Mar 10, 2017 11:18 PM SGT
    'Not a bad way to start’: White House declares victory after positive jobs report

    In President Donald J. Trump’s first full month of office, the U.S. economy added 235,000 new jobs, surpassing economists’ estimates of 200,000.

  • US adds 235,000 jobs, unemployment rate falls to 4 … Yahoo Finance - Fri, Mar 10, 2017 9:30 PM SGT
    US adds 235,000 jobs, unemployment rate falls to 4.7%

    In February, the U.S. economy added 235,000 jobs and the unemployment rate fell to 4.7%. Economists were looking for payrolls to rise by 200,000 with the unemployment rate dropping to 4.7%. This report, as markets had expected, likely clears the way for a rate hike from the Federal Reserve next week.

  • Jobs on deck — What you need to know in markets on … Yahoo Finance - Fri, Mar 10, 2017 7:07 AM SGT
    Jobs on deck — What you need to know in markets on Friday

    At 8:30 a.m. ET, the BLS will release the jobs report for the month of February. Markets expect this report to cement a rate hike from the Federal Reserve next week, which rates markets have all but priced in over the last two weeks.

  • Initial jobless claims — What you need to know in markets … Yahoo Finance - Thu, Mar 9, 2017 7:01 AM SGT
    Initial jobless claims — What you need to know in markets on Thursday

    Thursday will bring markets just the weekly report on initial jobless claims, as the earnings flow has slowed to a trickle. Traditionally, this report hasn’t had a super-tight predictive relationship with the government’s own release due Friday, but certainly a strong reading from the ADP number indicates continued strength …

  • The US labor market continues to crush expectation … Yahoo Finance - Thu, Mar 9, 2017 12:35 AM SGT
    The US labor market continues to crush expectations

    The historic labor market boom that President Donald Trump inherited former President Obama continues. Daniel Silver, an economist at JP Morgan, said Wednesday this was, “one of the strongest gains in the history of the series that dates back to 2001. As of January, the unemployment rate in the U.S. was 4.8% as 227,000 …

  • Private payrolls — What you need to know in markets … Yahoo Finance - Wed, Mar 8, 2017 6:49 AM SGT
    Private payrolls — What you need to know in markets on Wednesday

    Wednesday will mark the first of three straight days of labor market data that investors will digest to cap the week. Elsewhere in economic data on Wednesday, we’ll get an update on labor productivity in the fourth quarter and a reading on import prices in February. Earnings in focus are expected to include Bob Evans …

  • What you need to know in markets on Tuesday Yahoo Finance - Tue, Mar 7, 2017 6:53 AM SGT
    What you need to know in markets on Tuesday

    Since then, $21 trillion in market capitalization has been added to global stocks, according to data from the NYSE. This week, investors are dealing with a quieter calendar as most of the market’s attention will be focused on Friday’s February jobs report, which is expected to confirm a rate hike from the Federal Reserve …

  • Two of the biggest Trump trades are losing steam Yahoo Finance - Tue, Mar 7, 2017 1:51 AM SGT
    Two of the biggest Trump trades are losing steam

    Stocks are just below record highs. In a note to clients on Friday, analysts at Goldman Sachs noted that the firm’s baskets of high tax rate stocks and infrastructure beneficiaries have seen their outperformance relative to the S&P 500 fade in recent days. Last week, recall that Trump last week reiterated his pledge to …

Next »
Next »