Bill Gross of Janus blames Fed for ‘fake markets’ Influential bond investor Bill Gross of Janus Henderson Investors said on Monday that financial markets are artificially compressed and capitalism distorted because of the U.S. Federal Reserve’s loose monetary policy. “I think we have fake markets,” Gross said at a Janus […]
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Commerzbank, other banks join UBS and IBM trade finance blockchain Commerzbank, other banks join UBS and IBM trade finance blockchain:- Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to […]
The racially-charged fight for a union It’s a warm Sunday in Canton, Mississippi, and in a field about two miles (3km) from the Nissan plant, the crowd of workers is angry. One wears a T-shirt reading “vote yes,” while another leads the group in a rousing song about “knowing your […]
U.S. spending, factory data point to moderate economic growth U.S. spending, factory data point to moderate economic growth:- A gauge of U.S. factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior month, setting the stage […]
Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco:- Anti-smoking groups in Indonesia have slammed Big Tobacco for promoting sales by giving retailers cash rewards, shopping vouchers and even money to renovate, urging authorities to enforce advertising curbs to safeguard public health. The […]
U.S. pending home sales rise; Midwest factory activity slows U.S. pending home sales rise; Midwest factory activity slows: Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines, but the housing market remained constrained by a shortage of properties available for sale. Other data on […]
Europe, tech keeps stocks in check; U.S. dollar softens Europe, tech keeps stocks in check; U.S. dollar softens: Retreating U.S. technology shares and soft European markets capped world equity gains on Monday, while the U.S. dollar fell to its lowest level in over a year against a basket of major […]
New York Times business news The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – Volvo Cars said on Wednesday that all the models it introduces from 2019 will be either hybrids or […]
Time Inc to cut 300 positions, or 4 percent of workforce Time Inc (TIME.N) said on Tuesday it is eliminating 300 positions, or 4 percent of its workforce, through layoffs and buyouts, according to an internal memo reviewed by Reuters. The cuts were being made as the New York-based media […]
U.S. federal government can pay bills through early September The U.S. federal government will have enough cash flow to pay its bills through at least early September despite the limit on more government borrowing, Treasury Secretary Steven Mnuchin said on Monday, while urging lawmakers to raise the debt limit soon. […]
