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Latest 24 Hour Economy News
Source: CBS News

Financial game-changers: Budgeting for the unexpected

Today 02:29 GMT

"Overall, it is best to run several scenarios and see if it is possible to 'give a little' from several corners of your financial life – a little from the monthly budget, a slightly cheaper vacation this year, a little less in education savings, a slightly reduced contribution to retirement account, etc,"  financial adviser David Metzger told CBS MoneyWatch. "It definitely doesn't have to be an all-or-nothing proposition. Then when the reality of the new life event has settled in, we can begin making adjustment back in the direction from which we came."

Source: BBC

Greece makes first return to debt market in three years

Today 02:30 GMT

It is perhaps even more striking because this development comes under the government of a party - Syriza - that fought an election under a radical left and anti-austerity programme.

The reason the return is relatively attractive is that there is still some risk associated with buying Greek government debt. For other bailed-out countries it's about 3% for Portugal, 1.5% for Spain and below 1% for Ireland.

Source: Common Domain

Here’s a sign investors are viewing earnings through rose-tinted glasses

Today 02:30 GMT

While second-quarter earnings season is off to a great start, investors might be overlooking signs of potential trouble ahead, according to Bank of America Merrill Lynch analysts.

The stock market is really vulnerable to macro risks, he said, such as the looming battle over the federal debt ceiling or policy errors by central banks.

Source: CBS News

A sliding dollar could spark volatility on Wall Street

Today 02:29 GMT

The rise in currency volatility (chart above) was enough to catch the eye of Jason Goepfert at SentimenTrader, who cited the Wall Street adage about market chaos first showing up in currencies.

Equity investors could hardly plan a better situation: It has been more than a year since the last serious sell-off, stock prices seem to hit a new record high each day and volatility is nearly nonexistent.

Source: Common Domain

‘Flash Boys’ Katsuyama sees ‘flash crashes’ as the biggest risk in the stock market

Today 02:30 GMT

In a recent interview with MarketWatch, Katsuyama, whose firm and company were made famous by Michael Lewis’s 2014 book“Flash Boys: A Wall Street Revolt,” says computers running complex software conducting trades at lightening speeds as a “dangerous” threat to the stability of the market, juicing volumes and sparking so-called flash crashes, where assets swing rapidly in value in a matter of seconds.

Source: Common Domain

30-year Treasury yield snaps six-day streak of declines

Today 02:30 GMT

The yield on the 30-year bond TMUBMUSD30Y, +1.03%  added 3.1 basis points to 2.833%, ending a six-day streak of declines.

German bond yields slipped last week after European Central Bank President Mario Draghi’s dovish remarks caused the euro EURUSD, -0.0172%   to surge above $1.16, moving investors out of equities and into eurozone sovereign debt.

Source: Common Domain

McDonald’s earnings: Sales expected to be boosted by menu, franchisee changes

Today 02:30 GMT

RBC Capital Markets analysts believe the fast-food giant is benefiting from changes in restaurant franchisees as well as changes to the menu.

See: Restaurants find mobile apps are key as more people use delivery service. In addition to franchisee upgrades, the McDonald’s MCD, -1.34% menu is getting a revamp including fresh beef in the burgers, which RBC analysts believe has the potential to lift sales by two percentage points.

Source: Common Domain

It’s the ninth inning in this part of the New York real-estate market

Today 02:29 GMT

Ours is exciting for a different reason: Instead of the last moments of a well-played game, the ninth inning in real estate is defined by a last-minute flurry of activity before an overhyped, overpriced market finally flames out and falls back down to Earth.

In my view, New York City is at the high end of the pricing structure right now for commercial real estate, and the cracks in the market are starting to show.

Source: New York Times

Wall Street Opens Flat as Tech Earnings Awaited

Today 02:29 GMT

(Reuters) - U.S. stock indexes opened little changed on Monday, ahead of Google parent Alphabet's earnings report and a two-day Federal Reserve meeting, which kicks off on Tuesday.

Analysts have raised their expectations for S&P 500 earnings to 9.6 percent, compared with an 8 percent rise projected at the start of the month, according to Thomson Reuters I/B/E/S. "With indices trading at record highs and central banks favoring a less accommodative stance, earnings will become increasingly important in maintaining or expanding on these levels," said Craig Erlam, senior market analyst at online forex broker Oanda.

Source: New York Times

Greece Looks to Turn a Corner After Years of Economic Pain

Today 02:29 GMT

Greece, long Europe’s economic problem child, is trying to prove that it has made progress in its recovery efforts by announcing plans to sell debt for the first time in years.

The proposed bond sale, the details of which were released on Monday, offered hope that Greece might at last be preparing to wean itself off the international bailouts, totaling 460 billion euros, or about $530 billion, that it has relied on since 2010 to stay afloat.

Source: BBC

Wisconsin company Three Square Market to microchip employees

Today 02:30 GMT

Far from being some sort of dystopian nightmare, Three Square Market's Patrick McMullan believes everyone will soon be wanting their own microchip.

Three Square Market are even working with a Swedish company, BioHax, to deliver the new technology, which they see as one day being simply another payment and identification method - only instead of a credit card or phone, there would be a microchip between your thumb and finger.

Source: The Guradian

Jared Kushner sealed Manhattan real estate deal with oligarch's firm cited in money-laundering case

Today 02:31 GMT

Jared Kushner, the son-in-law of Donald Trump, who acts as his senior White House adviser, secured a multimillion-dollar Manhattan real estate deal with a Soviet-born oligarch whose company was cited in a major New York money laundering case now being probed by members of Congress.

They include a 2015 sale of part of the old New York Times building in Manhattan involving Kushner and a billionaire real estate tycoon and diamond mogul, Lev Leviev.

Source: Global News

Infrastructure bank possible option for funding U.S.-Canada high-speed rail

Today 02:31 GMT

Washington state is exploring whether Canada’s new infrastructure bank could help finance a multibillion-dollar proposal for high-speed rail between Vancouver and the U.S. northwest.

The Trudeau government’s soon-to-be-launched, $35-billion infrastructure bank will seek to use public funds as leverage to attract billions more in private investment for major infrastructure projects, such as bridges, transit systems and rail lines.

Source: Fox News

Anthony Scaramucci: A look at the new White House communications director

Today 02:30 GMT

Anthony Scaramucci rose through the financial ranks of New York, ardently defending Wall Street and founding a global hedge fund.

In his first weekend as the communications director for the White House, Scaramucci gave interview after interview and promised it’s time for the Trump administration to hit the “reset button” with the press. Scaramucci told Fox News Sunday that he wanted to bring “an era of a new good feeling” and hopes to “create a more positive mojo” in his new role.

Source: The Guradian

Wall Street duo make $150m each on back of Trump election victory

Today 02:31 GMT

The JPMorgan boss, Jamie Dimon, and the Goldman Sachs chief executive, Lloyd Blankfein, enjoyed rises of more than $150m (£115m) each in the value of their stock and options in the banks they run, according to an annual review of bank CEO pay by Equilar for the Financial Times (paywall).

The bankers running JPMorgan Chase and Goldman Sachs saw their shareholdings rocket in value by $314m last year due to the stock market surge following Donald Trump’s election as US president.

Source: Fox News

Ruth Bader Ginsburg hopes for less political gridlock 'in my lifetime'

Monday 02:29 GMT
Source: Common Domain

A wedding gift they'll actually use: 'The 8 x 8 Cookbook' and a classic Pyrex dish

Monday 02:29 GMT
Source: CBS News

Trump administration refutes Iranian claims that U.S. father and son are merely under house arrest

Thursday 18:15 GMT
Source: Fox News

Protests erupt at Minneapolis mayor's press conference announcing police chief resignation

Sunday 08:59 GMT
Source: Common Domain

O.J. Simpson is granted parole after serving 9 years for Vegas robbery

Saturday 09:58 GMT
Source: NBC News

What happens if John McCain leaves the Senate?

Saturday 09:02 GMT
Source: BBC

Trump must release Mar-a-Lago visitor records, judge rules

Wednesday 00:42 GMT
Source: Reuters

U.S. venture capital's digital coin quandary: cash-rich startups

Today 02:31 GMT
Source: Fox News

Judge clears way for Trump commission to collect voter data

Today 02:30 GMT
Source: Global News

Donald Trump’s son-in-law, Jared Kushner, calls Russia meeting ‘waste of time’

Today 02:31 GMT
Source: Fox News

Amazon jacked up Prime Day prices, misleading consumers, says seller

Today 02:30 GMT
Source: The Guradian

Trump commission can resume collecting voter data, federal judge rules

Today 02:30 GMT
Source: Common Domain

When Colleagues Can Praise Each Other at the Push of a Button

Today 02:29 GMT
Source: Common Domain

'Captain Marvel' will receive a $20-million tax credit to shoot in California

Today 02:30 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte