Search Results for: wall Street
Why All Exchange Rates Are Bad
March 2nd, 2017
The economics of exchange rates can be tough sledding. Every now and then, I post on the bulletin board beside my office a quotation from Kenneth Kasa back in 1995: “If you asked a random sample of economists to ...
Asia stocks at 19-month high, dollar up
February 15th, 2017
Asian stocks scaled 19-month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs. Spreadbetters saw the boon ...
Dollar hits two-week high vs yen on U.S.-Japan summit relief
February 13th, 2017
The dollar rose to a two-week high versus the yen on Monday, with the market breathing a sigh of relief as the closely watched two-day U.S.-Japan summit held over the weekend was seen to have ended smoothly. U.S. President ...
As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy
February 7th, 2017
If the Securities and Exchange Commission approves a bitcoin exchange-traded fund next month, it might set off a speculative rush into bitcoin. An easily accessed ETF that tracks the value of bitcoin could cause money to flood into the ...
Ford posts Q4 net loss on accounting shift
January 31st, 2017
After posting a fourth-quarter net loss mainly because of accounting changes, Ford Motor Co. finished 2016 with a $10.4 billion pre-tax profit, down slightly from record results in 2015. Fourth-quarter pre-tax profit was $2.1 billion, down $500 million due ...
Demand Soars for Colored Diamonds
January 28th, 2017
Last spring, Mahyar Makhzani, a Geneva-based fund manager, placed a 4.08-carat pear-shaped gem against special ultrawhite paper and peered at it through his eyeglass. He liked what he saw. Several days later, after 10 minutes of negotiation on the ...
Lawyers are being replaced by machines that read
January 27th, 2017
Lawyers are the professionals everyone loves to loathe. Jokes about attorneys abound, and Shakespeare’s line from Henry VI remains a cultural favorite: ”The first thing we do, let’s kill all the lawyers.” Soon, that dream may come true, and ...
CFTC General Counsel Jonathan L. Marcus to Depart Agency
January 27th, 2017
U.S. Commodity Futures Trading Commission (CFTC or Commission) Acting Chairman J. Christopher Giancarlo today announced that General Counsel Jonathan L. Marcus will depart the agency. Mr. Marcus joined the agency in 2011 as Deputy General Counsel for Litigation, and ...
Euro could collapse in 18 months, predicts Trump’s pick for EU ambassador
January 26th, 2017
Brexiteer professor Ted Malloch, who is likely to become the United States ambassador to the European Union, has predicted the looming failure of the single European currency. In an interview with the BBC, Malloch predicts the euro “could collapse” ...
CFPB Orders Citi Subsidiaries to Pay $28.8 Million
January 24th, 2017
CFPB Orders Citi Subsidiaries to Pay $28.8 Million for Giving the Runaround to Borrowers Trying to Save Their Homes Mortgage Servicers Kept Borrowers in the Dark About Options, Demanded Excessive Paperwork The Consumer Financial Protection Bureau (CFPB) today took ...
