Keyword Search: Growth
1 Article
Source: Common Domain

How to understand the Fed’s dovish turn

Today 15:25 GMT

Before then, Fed Chair Jerome Powell’s own dovish tendencies had been kept in check by a slightly less dovish staff and the third member of the Fed’s leadership troika, New York Fed President John Williams, who expected inflation to rise gradually above target as the labor market tightened.

And, given the Fed’s new de facto policy of targeting average inflation over the course of the business cycle, a modest, temporary increase in core inflation above 2% would not necessarily be met with policy action.

1 Article
Source: Reuters

Riding with 'Uncle Diego': Uber’s wild drive for growth in Chile

Today 14:30 GMT

Uber’s unregulated status in fast-growing markets such as Chile poses a potential risk for the firm as it prepares for a much-anticipated IPO.

Uber’s app and website make no mention of its unsettled legal status in Chile, where it now boasts 2.2 million monthly users and 85,000 drivers since its launch here in 2014. The company advertises prominently on billboards around Santiago and through promotional emails as if nothing were amiss.

1 Article
Source: Reuters

Brexit spurs biggest cut in UK business investment in 10 years: BCC

Today 03:20 GMT

British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday.

The BCC said that the diversion of resources to prepare for the risk of a no-deal Brexit and the high up-front costs of doing business in Britain, as well as questions over Britain’s future ties to the EU, would limit any quick investment rebound.

1 Article
Source: Common Domain

S&P 500, Nasdaq close at 5-month high on China trade, global growth optimism

Saturday 19:58 GMT

U.S. stocks closed higher Friday, with the S&P 500 and the Nasdaq finishing at five-month highs, as market sentiment was buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus.

The S&P 500 index SPX, +0.50% climbed 14 points, or 0.5%, to 2,822.48 and the Nasdaq Composite Index COMP, +0.76% advanced 57.62 points, 0.8%, to 7,688.53.

3 Articles
Source: Common Domain

Stocks gain on China trade, global growth optimism; Boeing shares lift Dow

Saturday 18:10 GMT

U.S. stocks rose Friday as major benchmarks aimed for their most robust weekly gains in a month with sentiment buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus.

Investors digested comments from Chinese Premier Li Keqiang, Beijing’s No. 2 leader after President Xi Jinping, who expressed optimism that a trade deal between China and the U.S. can be achieved that suits both parties.

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