Fed's market dependence is troubling: David Darst
The Fed should increase interest rates now as a defensive move against a possible world economic drag next year, market watcher David Darst says.
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You may have more in common with Janet Yellen than you think
Fed chair Janet Yellen is one of the most powerful women in the world. But, you might find that you have a lot more in common with her than you think.
Citigroup CFO sees 5% drop in third-quarter trading revenue
Citigroup Inc. Chief Financial Officer John Gerspach said third-quarter trading revenue will decline from a year earlier amid increased volatility. “We expect our underlying revenues for fixed-income and equity markets to be down in the range of about 5 percent,” Gerspach said Wednesday at an investor conference in New York. Citigroup recorded $3.74 billion in revenue from trading stocks and bonds last year in the third quarter, with fixed-income contributing
US will likely get a rate hike tomorrow: UBS Chairman
One former policymaker-turned-bank chairman, Axel Weber, told CNBC that the U.S’s recent positive economic data showed a rate hike was due.
Olive Garden brings back 'Pasta Pass'
Olive Garden is bringing back its “Pasta Pass” that lets people gorge on as much pasta as they want for seven weeks. And friends and family are welcome to pig out too this year. The restaurant …
U.S. consumer prices post first decline in seven months
U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve’s decision whether to hike interest rates. The Labor Department said on Wednesday its Consumer Price Index slipped 0.1 percent last month, the first decline since January, after edging up 0.1 percent in July.
FedEx 1st-quarter results mixed, lowers fiscal 2016 outlook
FedEx reported disappointing results for its latest quarter, and the delivery giant cut its full-year profit forecast on weaker demand for freight services and higher costs in its ground division. The …
Colorado braces for day of tax-free weed
An accounting error in Colorado is paying off for marijuana consumers Wednesday, when a quirk in a state tax law prompts the state to suspend most taxes on recreational pot. The one-day pot tax holiday …
Rate anxiety lands at worst time in six years for U.S. earnings
Since World War II, the median rate of growth in profits has decreased markedly when the Fed raised rates, falling by roughly half in the year after an increase, data from Ned Davis Research Group show.
The View Responds to #NursesUnite Backlash: ''We Love Nurses'' as Joy Behar Says ''It Was Stupid and Inattentive on My Part''
Rest assured: the ladies of The View love nurses. After Twitter erupted into a fury of backlash on Tuesday following the co-hosts comments about Miss Colorado Kelley…