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ECB Cuts Growth Forecasts as It Ends Bond-Buying Program
The European Central Bank cut its economic growth forecasts Thursday, highlighting the risks confronting Europe’s economy even as it ended its massive four-year stimulus program......»»
Biden"s infrastructure plan will pass in late 2021 and boost growth next year, Morgan Stanley says
The bank upgraded its 2022 GDP projection but warned that rebounding rent costs are flashing "signs of more persistent inflationary pressures." President Joe Biden. Mike Segar/Reuters Morg.....»»
European Central Bank holds interest rates and bond-buying steady as it weighs up the eurozone"s recovery
The ECB's main interest rate will stay at -0.5%, while the coronavirus bond-buying package will stay at 1.85 trillion euros ($2.23 trillion). Christine Lagarde is the president of the European Central Bank. Olivier Matthys/Pool via Reuters The .....»»
US tech stock futures slide as 10-year yield surges past 1.7% after Fed raises growth and inflation forecasts
US bond yields rose sharply in European trading after the Fed decision, dealing a fresh blow to tech stocks. Fed chair Jerome Powell said the central bank was not thinking of cutting back on economic support Mark Wilson/Getty Images The key U.....»»
Wells Fargo jumps as the bank reportedly gets Federal Reserve approval for overhaul plan
Wells Fargo stock climbed after a Bloomberg report the lender is moving closer to the Fed taking away an asset cap that has hurt the lender's growth. A Wells Fargo ATM machine sits in Los Angeles. Reuters Wells Fargo stock hit a high.....»»
After 1,000% Rise In One Year, Is This Energy Drink Stock Still Worth Buying?
Celsius Holdings Inc's (NASDAQ: CELH) stock has been on an impressive 1000%-plus run, but more upside could be ahead with a strong growth plan in place. read more.....»»
Prudential shares tumble on plan to raise up to $3 bln and demerge Jackson National
Shares of insurer Prudential plc fell 9% as it said it's weighing an equity offering of between $2.5 billion to $3 billion to take advantage of Asian growth opportunities, as it also said it would separate off its Jackson National a.....»»
Stimulus will boost value stocks: advisor
Value stocks have long underperformed growth stocks, but Mercadien Asset Management's Ken Kamen tells Reuters' Fred Katayama it's time to consider buying hard hit financial and energy stocks......»»
United Airlines to raise $2.25 billion in bonds, rolls back plan to cut work hours
United Airlines Holdings Inc said on Wednesday it plans to raise $2.25 billion through a bond offering amid a coronavirus-linked slump in air travel demand, and backtracked on a controversial plan to cut working hours for thousands of employees......»»
German court puts euro zone stimulus plan in peril
The ECB's bond-buying programme could be in doubt after Germany's top court gave the central bank three months to prove the spending is justified. Julian Satterthwaite reports......»»
Bank of America forecasts a deep recession in Europe with the economy shrinking almost 8% this year
Reuters Bank of America sharply cut its 2020 growth forecast for Europe from 1% expansion to a 7.6% contraction. More fiscal support is "urgently needed" to avoid bigger damage, the bank said in a note on Thursday. The Eur.....»»
Market Snapshot: Dow skids nearly 600 points near the open as Fed’s unlimited bond-buying plan fails to stanch selloff
U.S. stocks fell early Monday as investors look past the Federal Reserve’s announcement that there was no limit to its bond purchases as part of its so-called quantitative easing program......»»
The Fed goes all-in with new, unlimited bond-buying plan
“Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate,†the central bank said in a Monday morning statement......»»
World Bank Expects "Weaker" Global Growth In 2020
The World Bank downgraded its global growth forecasts for 2019, 2020, and 2021, due to slow recovery in trade and investment, according to Reuters. 0 read more.....»»
Tiffany tells LVMH to up its takeover offer - sources
Reuters sources say Tiffany has told LVMH to raise its takeover offer if it's serious about buying the U.S. jeweler. Julian Satterthwaite reports......»»
The US economy slowed less than expected in the 3rd quarter amid strong consumer spending
Reuters/Rebecca Cook Economic activity cooled further in the third quarter amid ongoing trade disputes. Still, the 1.9% growth exceeded consensus analyst forecasts for 1.6%. The results cast further doubt on the prospect that Trump would fu.....»»
Snapback to higher bond yields? At least five years, strategists say
A return to significantly higher yields will take longer than previously thought, according to a Reuters poll of fixed-income strategists who slashed their year-ahead major government bond yield forecasts to the lowest since polling began 17 years ago......»»
Exclusive: Italy cuts 2019, 2020 GDP growth forecasts - sources
Italy's new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget......»»
ECB"s Draghi faced pushback from heavyweights on new bond buys: sources
European Central Bank President Mario Draghi faced pushback from the representatives of Germany and France as well as at least one of his own board members on Thursday when he pushed for resuming the ECB's bond-buying program, three sources told Reuters......»»
Bond prices dip on German spending plan as stocks await ECB
Bond prices edged lower on Tuesday after German bund yields hit a one-month high following a report by Reuters that Germany is considering a "shadow budget" to allow the government to circumvent its strict national debt rules......»»