Goldman Sachs Managing Director Nicholas Valtz Found Dead

Posted by Forexsq 5 days ago (
img Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. (GS) in New York, was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing.

Valtz, 39, was found in Napeague Harbor near the eastern end of Long Island, according to the East Hampton, New York, police. He was a “novice kiteboarder” and was found fl

Consumer prices rise in June as gasoline prices jump

Posted by Forexsq 5 days ago (
img Consumer prices gained again in June but the rise was not as broad-based as in the prior month and was driven mainly by the rising cost for gasoline.

The Labor Department said the consumer price index increased 0.3% in June after a 0.4% gain in May.

The gasoline index rose 3.3% in June, and accounted for two-thirds of the increase in overall June prices, the department said.

Food and so-

NY Fed found serious problems at Deutsche Bank's U.S. arms: source

Posted by Forexsq 4 days ago (
img The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told forexsq.

In a letter to the German lender's executives last December, a senior official with the New York Fed described financial reports produced by some of the bank's

U.S. jobless claims hit more than eight-year low, but home sales tumble

Posted by Forexsq 3 days ago (
img The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.

Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday.

That was the lowest level since February 2006

Global economy still limping along

Posted by Forexsq 3 days ago (
img The world economy is stuck in low gear even as the risks to growth mount, the International Monetary Fund said Thursday.

Global growth this year should average 3.4%, the IMF said. That's a little better than the 3.2% the world economy managed in 2013.

U.S. durable goods orders rebound, core capital goods rise

Posted by Forexsq 2 days ago (
img Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.

The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.

The increase in orders for these goods, which range from toasters to a

Sanctions: Top 10 Russian targets

Posted by Forexsq 5 days ago (
img The shooting down of Malaysia Airlines Flight 17 may finally force Europe to impose tougher sanctions on Russia.

Since Moscow annexed Crimea four months ago, European leaders have worried about possible blowback if they punished Russia. The reason: the extensive trade ties between Europe and its powerful neighbor.

Fed’s Junk Loan Bubble Busting Seen Failing as Sales Jump

Posted by Forexsq 6 days ago (
img One of the Federal Reserve’s first post-crisis tests of its ability to quash excessive risk-taking using regulatory tools is so far looking like a failure.

The Fed’s Board of Governors told Congress last week that it’s engaged in “strong supervisory follow-up” to guidance given to banks in 2013 to improve their underwriting standards for high-yield loans. Despite those efforts, Chair Janet Yel

World figures comment on downing of Malaysian airliner

Posted by Forexsq 9 days ago (
img The following are selected comments from world figures on the shooting down of Malaysia Airlines flight MH17 near the Ukraine-Russia border:

U.S. Vice President Joe Biden:

"(The plane) apparently has been shot down - shot down, not an accident, blown out of the sky."

Russian President Vladimir Putin:

"This tragedy would not have happened, if there had been peace on that land, or in an

Housing Starts in U.S. Decline Amid Plunge in the South

Posted by Forexsq 10 days ago (
img Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S.

Housing starts fell 9.3 percent to an 893,000 annualized rate from a 985,000 pace in May that was weaker than initially estimated, figures from the Commerce Department showed today in Washington. The median estimate of 79 economists surveyed by Blo

EU Said to Expand Russia Sanctions After Putin Holds Firm

Posted by Forexsq 11 days ago (
img European Union governments are set to impose their broadest sanctions yet against Russia, punishing President Vladimir Putin for flouting an ultimatum to end the rebellion in Ukraine, a draft document showed.

EU leaders meeting in Brussels later today may agree to penalize Russian companies, halt lending for investment projects in Russia, stop bilateral cooperation programs and further clamp d

Yellen defends loose Fed policy, says job market still too weak

Posted by Forexsq 12 days ago (
img Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."

Despite strong recent jobs reports and other signs of continuing recovery, Yellen emphasized in testimony to the Senate Banking Committee that she won't conclude the econom

Yellen Says Continued Easing Needed Amid Job-Market Slack

Posted by Forexsq 12 days ago (
img Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal.

“A high degree of monetary policy accommodation remains appropriate,” Yellen said today in semi-annual testimony prepared for delivery to the Senate Banking Committee. “Although the economy continues

Yellen: Fed may move sooner if labor market keeps surprising

Posted by Forexsq 12 days ago (
img The Federal Reserve may have to raise interest rates sooner and higher than expected if the labor market keeps surprising the central bank, Chairwoman Janet Yellen said Tuesday.

In testimony to the Senate Banking Committee, Yellen stressed, as she has since the spring, that “considerable uncertainty” surrounds the economic outlook and the Fed’s decisions about interest rates will depend on the

Citi pay $7 billion in mortgage settlement

Posted by Forexsq 13 days ago (
img Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

It includes $4 billion in penalties, $2.5 billion in mortgage modifications and other relief to homeowners, and $500 million going to a number of states and the Federal Deposit Insurance Corp.

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