Search Results for: Fed
The Recession And Bear Market Of 2016, In Two Charts
December 23rd, 2015
Good friend Michael Pollaro just sent a couple of charts that show the US economy heading for a brick wall. The first illustrates what happens when business sales (the green line) turn negative. In the previous two boom/bust cycles, ...
Ukraine set to lose preferential trade with Russia after failed last-minute talks in Brussels
December 22nd, 2015
Following a failed round of negotiations in Brussels, Russia will inevitably suspend the free trade agreement with Ukraine within the Commonwealth of Independent States, once a trade deal between Kiev and European Union goes into effect in the new ...
U.S. Third-Quarter GDP Revised Down to 2.0% Growth
December 22nd, 2015
The economy expands at a slightly slower pace than initially estimated in the third quarter The U.S. economy expanded at a slightly slower pace than initially estimated in the third quarter, as companies spent less stockpiling their inventories. Gross ...
Japanese economy forecast to grow 1.7% in fiscal 2016
December 22nd, 2015
The Japanese economy is expected to grow about 1.7 percent in real terms in fiscal 2016 starting next April, led by recovering consumer spending and solid capital investment, the government said Tuesday. In nominal terms, gross domestic product will ...
Apple raises concerns over UK’s draft surveillance bill
December 22nd, 2015
Apple has raised concerns about the UK’s draft Investigatory Powers Bill. The proposed law aims to overhaul rules governing the way the authorities can access people’s communications. The US-based firm has passed on its thoughts to a parliamentary committee ...
Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud
December 22nd, 2015
A former top trader at the Royal Bank of Scotland pleaded guilty in federal court in Connecticut on Monday to one count of conspiracy to commit securities fraud as part of the government’s investigation into Wall Street bond sales ...
FINRA Sanctions Cantor Fitzgerald & Co. $7.3 Million for Selling Billions of Unregistered Microcap Shares, and for Related Supervisory and AML Violations
December 22nd, 2015
Trader and Supervisor Suspended and Fined The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Cantor Fitzgerald & Co. $6 million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of ...
2015 was a year from hell for the European Union. The 2016 Could be worse with a Brexit
December 21st, 2015
By any measure, it has been a year from hell for the European Union. And if Britons vote to leave the bloc, next year could be worse. Not since 1989, the year the Berlin Wall fell and communism crumbled ...
J.P. Morgan to Pay $267 Million for Disclosure Failures
December 21st, 2015
The Securities and Exchange Commission announced that two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges that they failed to disclose conflicts of interest to clients. An SEC investigation found that ...
Asian Shares Mixed, Falling in Japan But Rising in China
December 21st, 2015
Japan faced worries over the future of quantitative easing, while Property and Brokerage shares surged in China Shares in Japan fell Monday amid worries that the central bank will be reluctant to expand its easing program in the coming ...
