WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is defending the central bank's extraordinary efforts to fight the Great Recession and says they might be needed again. Yellen said in a speech.. SeattlePI.com Also reported by •Seattle Times
Retailers may be doling out in-store discounts, but when it comes to credit cards, they’re increasingly charging more. Interest rates on store cards, which have been inching up for years, now average.. SFGate
Payday loans can cost you thousands due to their high interest rates. Several people who took out a payday loan ended up owing more money that they did in the beginning. Source: RTV6 The Indy Channel -
On Friday a U.S. appeals court in New York ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance.. Source: Wochit Headline News -
Billionaire private equity guru David Rubenstein, co-CEO and co-founder of The Carlyle Group doesn't expect rising interest rates to negatively impact his private equity deals. Carlyle's deals don't.. Source: The Street -
WILMINGTON, Del. (Reuters) - A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker.. Reuters
One year ago, the CBO forecasted that Fiscal 2017 deficit (for the year ended September 30), would be in the mid-$500 billion range. It was not meant to be, however, and on Friday the Treasury reported.. Zero Hedge
Authored by James Howard Kunstler via Kunstler.com,
It amuses me that the nation is so caught up in the sexual mischief of a single Hollywood producer *when the nation as a whole is getting fucked.. Zero Hedge
According to the latest EPFR fund flow data compiled by BofA's Michael Hartnett, the great "institutional to equity" stockholding rotation is accelerating, *with another $8.8bn allocated to equities*,.. Zero Hedge
Energy on London's blue-chip index dribbled out to end the week today as the FTSE 100 failed to regain the all-time record heights recorded last Thursday.
Shares on the FTSE 100 stayed flat overall.. City A.M.
Dan Loeb entered 2017 bullish, certainly much more so than most of his hedge fund peers, and so far it has paid off. As he writes in his latest quarterly letter to investors, in which he wastes no time.. Zero Hedge
In order to encourage savings, the government has allowed banks, including the top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate.. Deccan Herald Also reported by •DNA
NEW YORK (AP) — The latest on developments in financial markets (All times local): 9:35 a.m. Stocks are opening higher on Wall Street, led by gains in technology companies and banks. Synchrony.. SeattlePI.com
*Despite bookies' odds surging* and Politico 'sources' suggesting Jerome Powell will be the next Fed head, it appears The Wall Street Journal Editorial Board is not buying it, and endorses Warsh or.. Zero Hedge
A leading ratings agency has said London's overvalued office market is set for a correction next year due to Brexit uncertainty.
Fitch Ratings said the core London office market had cooled since.. City A.M.
Authored by Peter Schiff via Euro Pacific Capital,
In light of the 30-year anniversary of the Black Monday Crash in 1987 (when the Dow lost more than 20% in "one day", *we should be reminded that.. Zero Hedge
*Gold Up 74% Since Last Market Peak 10 Years Ago*
* **- 10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th*
*- Gold up 74% since the last market peak a.. Zero Hedge
· *We sat down with Richard Turnill, global chief investment strategist for BlackRock, the world's largest money manager.*
· *He's bullish on stock markets around the world.*
· *While BlackRock is.. Business Insider
Global stocks hit new all time highs overnight, with US stock-index futures, Asian and European stocks all rising overnight after the Senate adopted a fiscal 2018 budget resolution, paving the way for.. Zero Hedge
There are two key domestic issues this week for UK financial markets. One is the latest inflation news and the implications for interest rates. The second is the ongoing Brexit discussions and.. City A.M.