Search Results for: Federal Reserve
U.S. Stocks Come Charging Back
August 27th, 2015
Six-day losing streak ends as Fed official calls case for September rate increase ‘less compelling’ Stocks snapped a six-day losing streak Wednesday, soaring by the highest percentage in nearly four years amid signs of strength in the U.S. economy ...
Global Markets to Fed: No Rate Hike, the Strong Dollar Is Killing Us
August 25th, 2015
Global markets are puking at the prospect of higher yields in the U.S. There are many reasons for global markets to melt down, but one that doesn’t get enough attention is the strong dollar. In effect, global markets are ...
Goldman Sachs Pays $272M to Settle Suit Over Mortgage-Backed Securities
August 14th, 2015
Goldman Sachs Group Inc. will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008. The settlement ...
Switzerland Is First to Lift Iran Sanctions
August 13th, 2015
Switzerland Lifts Sanctions On Iranian Oil, Precious Metals Sales Switzerland is lifting some sanctions against Iran in what it calls a sign of support for the agreement between Tehran and world powers over its nuclear program. The neutral country’s ...
Asian shares, dollar up on Fed’s optimism; earnings in focus
July 30th, 2015
Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively bright picture of the economy, but a deepening sell-off in commodities kept gains in check. Prospects of stronger U.S. ...
Fed leaves interest rates unchanged
July 30th, 2015
With Wall Street looking for any clues that tighter policy is coming, the Federal Reserve on Wednesday declined to raise interest rates or provide any clues about when a hike is on the way. In a move widely expected ...
Asian shares skid as Fed monetary meeting looms
July 27th, 2015
Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Financial spreadbetters ...
Dollar flags vs euro and yen, commodities and Fed in focus
July 27th, 2015
Fed meeting eyed to shore up sagging dollar * Impact from lower commodities also remains in focus * Aussie struggles near 6-year lows while kiwi fares better (Adds details, quotes) The dollar flagged against the euro and yen ...
FATCA Faces Lawsuit, Taxpayer Advocate’s Criticisms
July 23rd, 2015
As I expected, the Foreign Account Tax Compliance Act (FATCA) and its related controversies have not gone gently into that good political night. For starters, Republican U.S. Senator Rand Paul from Kentucky is part of a legal battle, filed ...
SEC Charges Oil Company and CEO in Scheme Targeting Chinese-Americans and EB-5 Investors
July 7th, 2015
The Securities and Exchange Commission today charged a Bay Area oil and gas company and its CEO with running a $68 million Ponzi-like scheme and affinity fraud that targeted the Chinese-American community in California and investors in Asia, including ...
