Yahoo Finance News RSS Index

  • Why the Fed could still surprise markets

    The Fed could surprise markets regardless of what it does, simply because of the wide divergence in Wall Street views about its move next move.

    6 mins ago
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  • Activist investor Peltz asks DuPont to split into two

    Activist investor Nelson Peltz's Trian Fund Management LP, which holds a $1.6 billion stake in DuPont , called on the chemical conglomerate to separate its high-growth agriculture and other businesses from units that generate strong cash flows. DuPont should split itself into two companies, one holding the company's agriculture, nutrition and health and industrial biosciences divisions, Trian Fund said in a Sept. 16 letter to DuPont's board released on Wednesday. DuPont has also announced a $5 billion share repurchase program. "While we applaud the announced spin-off of Performance Chemicals, the Fresh Start initiative and the $5 billion share buy back authorization, we believe strongly that, by themselves, these moves are not enough to optimize shareholder value," Trian Fund said.

    6 mins ago
  • China adds stimulus with reported $81 billion bank injection

    China's central bank joined its European counterpart in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world's biggest economies as the U.S. The People's Bank of China is injecting 500 billion yuan ($81 billion) into the nation's largest banks, according to a government official familiar with the matter, signaling the deepest concern yet with an economic slowdown. China's credit expansion builds on targeted measures to shore up growth while stopping short of broad-based stimulus seen in the U.S. By attaching a three-month term to its injection, China is taking a step down that path while maintaining control of a process designed to fuel demand for credit in an already debt-laden economy.

    6 mins ago
  • USDA chief says urged Buffett to ready BNSF for record crops

    Agriculture Secretary Thomas Vilsack met with Warren Buffett last week to urge the billionaire investor to make sure his BNSF railroad is ready for an expected record corn and soy harvest this year. Vilsack said on Tuesday that Buffett, who heads the sprawling conglomerate Berkshire Hathaway, recognized the challenge and indicated his company was taking steps. Speaking at a conference sponsored by Growth Energy, a biofuel trade group, Vilsack said BNSF was making "significant" investments. BNSF is a unit of Berkshire Hathaway.

    6 mins ago
  • World's billionaire population at record high

    The world economy is going through a rough patch, yet the world's billionaire population is at an all-time high.

    6 mins ago
  • Alibaba post-IPO structure gives insiders control

    Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale. ...

    6 mins ago
  • Fed, China stimulus hopes boost shares; Scotland eyed

    Federal Reserve will maintain a pledge on low rates later in the day and by a report China's central bank will provide the country's biggest banks with fresh loans. This anticipated stimulus from the world's two largest economies eclipsed the growing nervousness and uncertainty surrounding Thursday's Scottish independence referendum, which most polls suggest is still too close to confidently predict. Asian and European equities tracked the overnight gains on Wall Street, which saw the Dow hit a fresh record high after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them. The phrase has become a touchstone in markets for when the Fed might start raising interest rates and dropping it would be taken as a hawkish step.

    6 mins ago
  • The Steps To Success

    Who is the one person who has had the biggest impact on your life?

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  • Fed could hint on rate-hike plans as it prepares for policy turn

    Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus. Although a tightening of monetary policy is not expected until mid-2015, the central bank could use a policy statement on Wednesday to lay important groundwork. In particular, speculation is rife the policy-setting Federal Open Market Committee may change its guidance on how long it is likely to keep rates near zero. The panel may also alter its depiction of the labor market to suggest further progress toward its goal of full employment.

    6 mins ago
  • China central bank injects $81 billion into major banks to support economy: reports

    China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy. The Wall Street Journal, citing an unnamed Chinese bank executive, said the People's Bank of China (PBOC) is pumping in 100 billion yuan each into China's top five banks via standard lending facility in the form of 3-month loans. When contacted by Reuters, a PBOC spokesman said: “We will make an announcement if we have any news.” The central bank may be worried that an expected tightening in liquidity ahead of the quarter-end as well as a series of upcoming initial public offerings could trigger a sharp rise in short-term rates, as was seen in June last year, when they surged to around 30 percent and roiled global markets, traders said.

    6 mins ago
  • Recent incidents could spell trouble for NFL

    Are you ready for some ... controversy? A string of high-profile mishaps has sparked criticism from a handful of major sponsors.

    6 mins ago