Display:

Keyword Search: Rate
1 Article
Source: DW

World Bank report: Poverty rates remain high in Africa

Thursday 15:26 GMT

DW spoke with Senior Advisor in the World Bank's Development Research Group, Francisco Ferreira, about why poverty rates remain high in Africa and what efforts are being made. Francisco Ferreira:We find across the world that conflict, institutional fragility and violence are associated with rising poverty.

Sub-Saharan Africa is the only region in the world where the overall number of extremely poor people is increasing rather than decreasing, according to the World Bank's latest Poverty and Shared Prosperity report.

1 Article
Source: Common Domain

PayPal earnings: Venmo progress could breathe life into stalled stock

Thursday 16:22 GMT

Progress has been slow with the company’s efforts to get consumers to pay with Venmo for e-commerce purchases, yet PayPal PYPL, -0.40%  seems to have seen better-than-expected traction for an option that lets Venmo users pay 25 cents to transfer their funds immediately to their bank accounts.

PayPal Holdings Inc. has been talking about making money off Venmo for more than two years but could be finding surprising ways to make that happen.

1 Article
Source: Common Domain

Quarles Backs Fed’s Gradual Policy Course

Friday 23:42 GMT

Federal Reserve Vice Chairman for Supervision Randal Quarles reaffirmed the central bank’s gradual monetary-policy course Thursday, saying policy makers should avoid focusing too much on metrics that come with a higher degree of uncertainty, such as some measures of labor slack, productivity and inflation.

It means Fed officials should “chart a course that is stable, gradual and predictable,” and follow that “unless some strong and steady signal requires a firm but moderate correction.”

1 Article
Source: Common Domain

Fed’s Bullard Says It Is Still a Mistake for Central Bank to Project Rate Rises

Saturday 04:14 GMT

St. Louis Fed President James Bullard said Thursday that unexpectedly strong economic performance had so far provided some justification for central bank rate rises that he had long argued against.

While Mr. Bullard has long opposed raising rates, “I’ve been willing to go along” with the rate rises, he said, because so far events in the economy have given officials a reason to boost the cost of short-term borrowing. “We are in great shape right now” in the economy, Mr. Bullard told reporters after a speech in Memphis, Tenn.

1 Article
Source: Common Domain

Investors have been ‘mindlessly’ following this hot-stock strategy all year

Thursday 10:52 GMT

“This means that mindlessly following analyst 3-month target price changes was the smartest strategy over the past year from this list,” wrote Muir.

The next biggest factor is U.S. Momentum, which Muir is a strategy by which investors buy the biggest risers over the last 12 months and selling their losers. “This means that mindlessly following analyst 3-month target price changes was the smartest strategy over the past year from this list,” wrote Muir.

1 Article
Source: CBS News

Donald Trump really could lower interest rates—here's how

Friday 17:17 GMT

President Donald Trump really, really wants interest rates to stay low, and judging by his recent tweets and media musings, berating the Federal Reserve Board and Fed Chairman Jerome Powell is the best way to achieve that.

Gary Richardson, a Fed historian and professor of economics at the University of California at Irvine, was more blunt: "When Trump appointed Powell, he appointed someone who's going to raise interest rates," Richardson said. "He could have chosen a dove, who wants interest rates to be low.

1 Article
Source: CBS News

Dow dives as Mnuchin bails from Saudi Arabia conference

Friday 17:17 GMT

An announcement by Treasury Secretary Stephen Mnuchin that he is bowing out of the Future Investment Initiative summit in Saudi Arabia also seemed to weigh on stocks.

The stocks that have held up best include utilities and household product companies, with Americans continuing to consume staple goods like electricity and toilet paper.

1 Article
Source: The Guradian

Spike in premature births among Latinas linked to Trump's win

Thursday 20:57 GMT

Latina immigrants in New York City have seen a spike in premature births – an increase that researchers with the city Health Department say may be tied to the shock win by Donald Trump in the 2016 presidential election.

The study released Wednesday by the Health Department and Harvard’s TH Chan School of Public Health compared births in the city in the months before Donald Trump won the Republican presidential nomination, from September 2015 through July 2016, with births in the months after he was inaugurated, from January to August 2017.

1 Article
Source: Common Domain

President’s Sustained Criticism of the Federal Reserve Complicates a Tricky Balancing Act

Thursday 09:56 GMT

President Trump’s attacks on the Federal Reserve complicate a series of already challenging decisions facing the central bank.

The Fed says it won’t be swayed by political pressure; Trump’s top advisers haven’t joined him in amplifying his attacks

1 Article
Source: Common Domain

5 reasons real interest rates are still so low

Thursday 09:56 GMT

Unless productivity growth picks up or the U.S. admits a lot of skilled immigrants to offset the retiring baby boomers, which seems unlikely, low interest rates, at least relative to past experience, may turn out to be the new normal.

Going forward, will the U.S.’s $20.4 trillion economy, the largest in the world, require such low rates to produce the equivalent of the past decade’s unspectacular economic growth?

1 Article
Source: Common Domain

Dow futures fall more than 100 points after biggest 1-day gain since March, with Fed minutes ahead

Thursday 09:56 GMT

Futures for the Dow Jones Industrial Average YMZ8, -0.33%  are down 112 points, or 0.4%, at 25,670, those for the S&P 500 index ESZ8, -0.29%  were trading 10.55 points lower at 2,807.75, a decline of 0.4%, while Nasdaq-100 futures slipped 34 points, or 0.5%, at 7,320.

U.S. stocks early Wednesday looked poised to pull back firmly from an upsurge in the previous session that sent major indexes to their biggest gain since March, as investors continue to digest global political developments and react to a spate of corporate earnings.

1 Article
Source: Common Domain

Small-cap stocks are down, but not necessarily out, analysts say

Thursday 09:56 GMT

The recent struggles for both large and small-cap indexes, according to Pearkes, is about readjusting expectations of forward earnings, and small-cap stocks simply had more readjusting to do.

Indeed, the thesis that propelled small-cap stocks for most of 2018 relied on the idea that the Trump administration’s push for higher tariffs would hurt large, multinational companies more than smaller firms with fewer international customers.

2 Articles
Source: Common Domain

Quarles says it’s better for Fed to keep on path of rate hikes than assume economy has higher potential

Friday 16:22 GMT

While the productive capacity of the U.S. economy may be increasing, it’s better for the Federal Reserve to continue on its path of steady interest-rate hikes until there’s strong evidence of it, a key official said Thursday.

U.S. stocks DJIA, -1.18%  were getting blasted on Thursday, as reverberations from the hawkish signal sent on Wednesday from the Fed minutes continued.

1 Article
Source: Common Domain

Today’s Logistics Report: Uber’s Loaded Trailers; JD.com Seeking Packages; ‘Self-Declared’ Postal Rates

Friday 16:22 GMT

The e-commerce giant is rolling out a delivery service by opening its logistics network to consumers and businesses, the WSJ Logistics Report’s Jennifer Smith writes, extending its competition in with Alibaba Group Holding Ltd. more deeply into logistics operations.

JD.com and Alibaba have both invested heavily in logistics, and JD.com has touted its closed-loop system as a competitive advantage.

2 Articles
Source: Common Domain

U.S. Stocks Finish Slightly Lower

Friday 00:35 GMT

U.S. stocks edged lower in another volatile session Wednesday as investors parsed the latest economic and earnings signals amid continuing jitters about higher interest rates.

Although the U.S. economy is growing at a faster pace than it has in years, some investors are anxious that steadily rising U.S. Treasury yields will make stocks less attractive and stoke further volatility. “Even if this doesn’t lead to any economic accident, people start to get worried and say, ‘Oh, this could lead to a stock-market accident,’” said John Toohey, head of equities at USAA Asset Management.


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