- Your Debt, Our Nation's Headache @ Bloomberg - 12 minutes ago
It was Oct. 1, 1958, and the company known best for its Travelers Cheques introduced a new product: The charge card. Although American Express technically wasn't the first company to introduce a charge card, it was the first to make its cards ubiquitous, and in the process changed the concept of where and how credit could …
- Stocks sink as European worries move to US Associated Press - 20 minutes ago
- US companies added 213,000 jobs in September Associated Press - 21 minutes ago
- Manufacturing in U.S. Cools From Strongest Pace in Three Years @ Bloomberg - 23 minutes ago
The median forecast in a Bloomberg survey of 84 economists called for a decline to 58.5. Rising sales at automakers such as Ford Motor Co. (F) and growing corporate orders for equipment are keeping the nation’s assembly lines busy. “The manufacturing outlook looks pretty good,” Thomas Simons, a money market economist …
- Bridgewater's Dalio says monetary policy only potential U.S. problem - CNBC Reuters - 26 minutes ago
Ray Dalio, president and founder of giant hedge fund firm Bridgewater Associates LP, said Wednesday that overly tight monetary policy was the only potential problem for the U.S. "I see no real reason for a problem in the United States now other than too tight a monetary policy," Dalio told television network CNBC. He …
- Fed caution about rate hike right move: Ray Dalio @ CNBC - 28 minutes ago
Ray Dalio, founder of the world's biggest hedge fund Bridgewater Associates, says the Fed should wait for inflation signs before hiking interest rates.
- Dennis Lockhart talks about monetary policy Market Realist - 29 minutes ago
Both equity and fixed-income investors keep a close watch on GDP, inflation, and unemployment to get a sense of where the U.S. economy is heading.
- ADP reports sixth month of job gains above 200,000 @ MarketWatch - 44 minutes ago
Private-sector hiring picked up slightly in September, marking the sixth consecutive month of job gains above-200,000, a sign of strong and steady.
- Wealth in Europe at record high of 56 trillion euros - report Reuters - 46 minutes ago
Private wealth across Europe reached an all-time high of 56 trillion euros (43.59 trillion pounds) last year and is set to rise by a further 40 percent to almost 80 trillion by 2019, research conducted by a Swiss private bank showed. Julius Baer's (BAER.VX) inaugural "Wealth Report: Europe" showed that despite recent concerns …
- France Produces ‘No Austerity’ Budget, Defying E.U. Rules @ The New York Times - 50 minutes ago
The plan defers bringing the budget deficit within a European threshold by two years, as Paris said that a more rapid shift would harm the economy.
- UK's Cameron promises tax cuts, EU battle Associated Press - 53 minutes ago
- France to cut welfare in $63B savings plan @ CNBC - 54 minutes ago
The French government presented its 2015 budget, unveiling a $63 billion savings program cutting deep into the country's beloved welfare system.
- Private sector added 213,000 jobs in September, ADP says @ Los Angeles Times - 1 hour 3 minutes ago
The private sector added 213,000 net new jobs last month, indicating that the labor market rebounded after a disappointing August, payroll firm Automatic Data Processing said Wednesday.
- Why this October could be a turning point for markets CNBC - 1 hour 4 minutes ago
- TrimTabs Shows Payrolls Remain Mostly Healthy in September 24/7 Wall St. - 1 hour 7 minutes ago
Investors and economists are looking for any signs at all of whether the weak jobs report in August was a one-off or the norm ahead.
- ADP Says Private Sector Added 213K Jobs In September @ Forbes - 1 hour 15 minutes ago
Released Thursday, ADP’s September National Employment Report showed private payrolls adding 213,000 jobs in the first month of fall. ADP — Automatic Data Processing – CEO Carlos Rodriguez pointed out that Septembers marks six months in a row of ADP measured job gains over 200,000. He calls this a "positive sign for the …
- U.S. private sector creates 213,000 jobs in September: ADP Reuters - 1 hour 18 minutes ago
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 210,000 jobs. "Job gains remain strong and steady," said Mark Zandi, chief economist of Moody’s Analytics, which co-develops the report. "Nearly all industries and companies of all sizes are adding consistently to payr …
- Do Carbon Taxes Just Feed the Beast? @ Bloomberg - 1 hour 20 minutes ago
Countries introducing a carbon tax to cut greenhouse-gas emissions have mostly found that the policy works, and that jobs and incomes don't suffer. This leaves two further concerns: first, that carbon taxes feed the beast of bigger government, and second, that they hit the most vulnerable people hardest. When governments …
- Merkel says Europe's credibility at stake on budget policy Reuters - 1 hour 24 minutes ago
German Chancellor Angela Merkel said on Wednesday that it was up to each European country to deliver on its promise of sound budget policies, warning that the credibility of the entire bloc was at stake. "Long-term, sustainable growth can only be attained on the basis of solid budget policies. This is about the credibility …
- U.S. businesses added 213,000 jobs in September @ Fortune - 1 hour 44 minutes ago
Sixth consecutive month where the private sector added more than 200,000 jobs.
- Private payrolls show growth; August revised lower @ CNBC - 1 hour 48 minutes ago
Private payrolls rose about in line with expectations in September, thanks to sharp growth in small business and service sector hiring, according to ADP and Moody's Analytics.
- Private Payrolls in U.S. Increased by 213,000 in September @ Bloomberg - 1 hour 57 minutes ago
Companies hired 213,000 workers in September as the labor market continued to strengthen, a private report based on payrolls showed. The gains in employment last month followed a revised 202,000 increase in August, according to the ADP Research Institute in Roseland, New Jersey. The median forecast of 41 economists surveyed …
- IMF Cuts Russian Economic Growth Forecast to 0.5% for Next Year @ Bloomberg - 1 hour 59 minutes ago
Russia’s economy will expand at 0.5 percent next year, the International Monetary Fund said, cutting its previous growth forecast in half amid fallout from the conflict in Ukraine and a weaker ruble. The Washington-based lender reduced its forecast for 2015 from 1 percent, and maintained this year’s estimate at 0.2 percent, …
- France defies EU partners with 'no austerity' budget Reuters - 2 hours 8 minutes ago
France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy. The announcement from Paris came hours after news that Italy too planned to ease the pace of painful …
- Euro Presses Lower Ahead Of ECB Meeting Benzinga - 2 hours 16 minutes ago
The euro sunk even lower on Wednesday as poor eurozone data made it even more clear that the Fed and the ECB are moving in opposite directions. The common currency traded at $1.2620 at 4:00 GMT as investors ...
- Brent Moves Towards $95 After Losses On Tuesday Benzinga - 2 hours 17 minutes ago
Brent crude oil made its way toward $95 on Wednesday, helped by strong Chinese data. The commodity traded at $94.94 at 4:20 GMT, still under pressure from the global supply glut. On Tuesday, crude prices ...
- UPDATE 2-France defies EU partners with "no austerity" budget Reuters - 2 hours 23 minutes ago
* Watchdog says government may still be too optimistic * Follows news Italy also to ease deficit-reduction effort PARIS, Oct 1 (Reuters) - France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a …
- Slovenia govt bond yields hit new lows after privatisation pledge Reuters - 2 hours 24 minutes ago
Slovenia's government bond yields hit new euro-era lows on Wednesday after the country's prime minister pledged to proceed with privatisations and cut its budget deficit to meet an EU-agreed target next ...
- German Debt Yield Goes Below 1% — An Astonishing New Record Business Insider - 2 hours 29 minutes ago
Germany just sold a 10-year bond for a yield of below 1% for the first time in history.
- Lacklustre factory data hits world stocks, dollar strong Reuters - 2 hours 31 minutes ago
- France's Socialists detail hefty spending cuts Associated Press - 2 hours 32 minutes ago
- Lackluster factory data hits world stocks, dollar strong Reuters - 2 hours 35 minutes ago
Stocks worldwide began the fourth quarter on a negative note on Wednesday, as lackluster economic data and civil unrest in Hong Kong kept investors cautious before a European Central Bank meeting later this week. The dollar, riding high in recent weeks, topped 110 yen for the first time in six years.
- France revolts against German austerity with new budget @ Fortune - 2 hours 46 minutes ago
New figures put deficit sinner Paris on crash course with Berlin, Brussels.
- Thailand approves $11 billion measures to lift economic growth Reuters - 3 hours ago
Thailand's military government approved plans for stimulus measures worth a combined 364 billion baht (6.92 billion pounds) on Wednesday in a bid to revive an economy laid low by months of political unrest. Southeast Asia's second-largest economy suffered a virtual paralysis in policy-making and uncertainty among investors …
- Waning demand hits factory activity across Asia and Europe Reuters - 3 hours ago
BANGALORE/SYDNEY (Reuters) - Dwindling demand cut factory activity across much of Asia and Europe in September, sending it to multi-month lows and raising the chances that global growth will slow in the months ahead. Despite gentler price rises, China's figures were mired barely above contraction, Britain slumped, and …
- BOJ to weigh taking bleaker view on Japan output - sources Reuters - 3 hours ago
The Bank of Japan is likely to offer a bleaker view on factory output at its rate review next week, people familiar with its thinking said, on growing signs that the pain from a sales tax hike in April is denting a fragile economic recovery. The BOJ's nine-member board may also debate revising down its overall assessment …
- Why do interest rates change? @ Investopedia - 4 hours ago
Interest is simply the cost of borrowing money. As with any good or service in a free market economy, price ultimately boils down to supply and demand. When demand is weak, lenders charge less to part ...
- Draghi Takes ECB to Land of Gomorrah as Naples Prays Bloomberg - 4 hours ago
As Europe's central bankers gather in Naples to discuss the state of the region's economy, the city stands as a stark warning of just how bad things can get. "If there's a periphery of the euro zone's periphery, that's Naples," said economist Riccardo Realfonzo, a former councilman of the Southern Italian city. "The gap …
- Factory Prices Tumble in Europe as German Manufacturing Shrinks Before ECB Bloomberg - 4 hours ago
Euro-area factories cut prices in September by the most in more than a year and German manufacturing shrank, underlining the mounting challenge facing Mario Draghi. The European Central Bank president is on a mission to avert deflation as the euro region's economic landscape deteriorates. Purchasing Managers' Indexes …
- Germany a fresh source of weakness as eurozone PMI falls to 50.3 @ MarketWatch - 5 hours ago
Activity in the eurozone’s manufacturing sector slowed more sharply than first estimated in September, with Germany joining France in contraction, while Italy staged a surprise revival.
- 4 ways U.S. companies can move this country forward @ MarketWatch - 5 hours ago
U.S. corporations could have a major impact on the economy, and earn decent returns, in at least four ways, writes Jeremy Wiesen.
- French Policy Stupor Sends Bearish Equity Bets Soaring Bloomberg - 5 hours ago
French stocks have beaten euro-area stocks for six years. Options traders are betting 2014 will be different. With a budget deficit poised to rise and economic growth running at half the region's rate, investor sentiment on the CAC 40 Index (CAC) is deteriorating. Options protecting against swings in the equity gauge …
- Europe shares dip after mixed manufacturing data Reuters - 5 hours ago
* Spanish stocks outperform after strong manufacturing data PARIS, Oct 1 (Reuters) - European shares dipped on Wednesday following mixed manufacturing data and as sales warnings from J Sainsbury and Nexans fuelled worries over the outlook for European corporate results. Data showed German manufacturing activity shrank …
- Germany PMI Shows Contraction 24/7 Wall St. - 5 hours ago
German PMI contracted during September, the first such contraction in 15 months.
- Euro zone manufacturing growth slows again in September as inflation fades - PMI Reuters - 6 hours ago
Markit's final September manufacturing PMI came in at 50.3, the lowest since July last year and below both August's 50.7 and an earlier flash estimate of 50.5. It held above 50 that separates growth from contraction for the 15th month in a row.
- Second-Poorest Nation Confers Top Bond Rally: East Europe Credit @ Bloomberg - 6 hours ago
As Romania prepares to end reliance on the International Monetary Fund , investors are signaling confidence in the economic outlook by sending the country’s bonds to the biggest gains in eastern Europe. Dollar debt from the European Union’s second-poorest nation earned 0.8 percent in the third quarter, the most among 13 …
- Factories Slashing Prices Toughens Draghi’s Deflation Battle @ Bloomberg - 6 hours ago
Euro-area factories cut prices in September by the most in more than a year and German manufacturing shrank, underlining the mounting challenge facing Mario Draghi . The European Central Bank president is on a mission to avert deflation as the euro region’s economic landscape deteriorates. Purchasing Managers’ Indexes …
- Russian budget: Is Putin facing reality? @ CNBC - 6 hours ago
Russia's first post-sanctions budget suggested the Kremlin is more hopeful than most about the country's economy.
- Norwegian Manufacturing Gauge Sinks to Lowest Level in 14 Months @ Bloomberg - 6 hours ago
Norway’s manufacturing industry contracted last month, with a gauge measuring production falling to the lowest level since July last year as oil companies cut jobs. An index based on responses from purchasing managers fell to a seasonally adjusted 49.4 in September from 51.8 the previous month, Danske Bank A/S (DANSKE) …
- Asia drained by HK unrest, China PMI offer minor relief Reuters - 7 hours ago
Asian shares slumped on Wednesday as continued civil unrest in Hong Kong and a downbeat day on Wall Street sapped confidence, while the dollar index was close to a four-year high after marking its best quarterly gain in six years. European stocks were expected to follow suit, ahead of manufacturing data for Germany, France, …