U.S. benchmarks hesitate at major resistance

Posted by Forexsq 22 hours ago (http://www.marketwatch.com)
img Despite a pronounced volatility spike, the U.S. markets’ price action remains distinctly technical.

ECB Clash Resumes as Draghi Spars With Weidmann on Stimulus

Posted by Forexsq 7 days ago (http://www.bloomberg.com)
img Mario Draghi and Jens Weidmann are clashing anew over how much more stimulus the ailing euro-area economy needs from the European Central Bank.

As Europe’s woes again proved the chief concern at weekend meetings of the International Monetary Fund in Washington, President Draghi repeated he’s ready to expand the ECB’s balance sheet by as much as 1 trillion euros ($1.3 trillion) to beat back the

H-P split paves way for M&A deals

Posted by Forexsq 14 days ago (http://www.marketwatch.com)
img A Hewlett-Packard Co. split is good for the company and its investors and opens a door to acquisitions, analysts said Monday as the computer giant confirmed plans to separate its hardware and services businesses.

If successful, H-P’s HPQ, +4.75% computer/printer business and enterprise/services operations would roll out as two standalone publicly-traded companies, each with more than $50 bill

Billionaire Buffett Says Tesco Investment Was ‘A Huge Mistake’

Posted by Forexsq 17 days ago (http://www.bloomberg.com)
img Billionaire investor Warren Buffett said his investment in Tesco Plc was a “huge mistake,” as the U.K. supermarket leader’s share price remains close to an 11-year low amid declining sales and an accounting probe.

“I made a mistake on that one,” Buffett, 84, said in an interview with CNBC today. “That was a huge mistake by me.”

The Secret Goldman Sachs Tapes

Posted by Forexsq 24 days ago (http://www.bloombergview.com)
img The public doesn't seem to understand just how dysfunctional our financial regulatory system is, Michael Lewis writes. That may change today with a radio report from "This American Life."

August Jobs Report

Posted by Forexsq 45 days ago (http://live.reuters.com)
img The economy added 142,000 jobs in August — a far cry from the 225,000 expected — and the unemployment rate ticked down to 6.1%.

Yellen Wage Gauges Blurred by Boomer-Millennial Shift

Posted by Forexsq 91 days ago (http://www.bloomberg.com)
img Federal Reserve Chair Janet Yellen’s focus on wages to help gauge the strength of the job market could need fine tuning as baby boomers approach the twilight of their careers and millennials jump in to fill the void.

As today’s middle-aged Americans grow older, they are leaving their prime working years behind, trading big salaries for part-time gigs or retirement, just as an even larger group

40% of unemployed workers are millennials

Posted by Forexsq 109 days ago (http://www.marketwatch.com)
img The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds.

Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the Workforce released to MarketWatch, greater than Gen

Rand Paul Slams ‘Fat Cats’ With Hedge Fund in Top Donors

Posted by Forexsq 111 days ago (http://www.bloomberg.com)
img The U.S. Supreme Court rejected an appeal by Google Inc. (GOOG), leaving the company to face lawsuits accusing it of violating a federal wiretapping law by secretly collecting personal data while developing its Street View maps.

The justices today left intact a federal appeals court ruling that the U.S. Wiretap Act protects the privacy of information on unencrypted in-home Wi-Fi networks.

Ex-Deutsche Bank Trader Facing Record $17 Million Fine

Posted by Forexsq 136 days ago (http://www.bloomberg.com)
img Britain’s markets regulator is seeking to fine former Deutsche Bank AG (DBK) trader Christian Bittar about 10 million pounds ($17 million) for trying to rig benchmark interest rates, its largest ever penalty against an individual, said a person with knowledge of the situation.

The Financial Conduct Authority notified Bittar in recent weeks that it intends to penalize him for attempting to mani

Worst money mistakes you can make at any age

Posted by Forexsq 141 days ago (http://www.marketwatch.com)
img Everyone makes mistakes with money. We don’t save enough, or we spend too much on something frivolous. We sell shares in a stock too soon or not soon enough.

Bank of America Said Hired by Sterlings to Sell NBA’s Clippers

Posted by Forexsq 146 days ago (http://www.bloomberg.com)
img Bank of America Corp. has been retained to sell the Los Angeles Clippers, two people with direct knowledge of the situation said.

The people requested anonymity because the sale process isn’t public.

Jim Nash, a managing director at Bank of America, declined to comment. Pierce O’Donnell, the attorney for Shelly Sterling, wife of team owner Donald Sterling, didn’t immediately respond to a me

Russia Close to $400 Billion Gas Pipeline Deal in Pivot to China

Posted by Forexsq 152 days ago (http://www.bloomberg.com)
img Russia is close to signing a decades-long contract to supply natural gas to China at a price that would value the deal at about $400 billion, according to Prime Minister Dmitry Medvedev.

Medvedev’s boss Vladimir Putin arrives in Shanghai today to try and complete an agreement after more than 10 years of talks. The stumbling block has been price, but with Putin facing trade and financial sancti

Consumer Prices in U.S. Rose in April by Most in 10 Months

Posted by Forexsq 158 days ago (http://www.bloomberg.com)
img The cost of living in the U.S. rose in April by the most in almost a year, a sign inflation may pick up as demand in the world’s largest economy recovers from a weak first quarter.

The consumer price index increased 0.3 percent, the biggest advance since June, after rising 0.2 percent the prior month, a Labor Department report showed today in Washington. The gain matched the median forecast of

Old, Fired at IBM: Trendsetter Offers Workers Arbitration

Posted by Forexsq 161 days ago (http://www.bloomberg.com)
img For at least a decade, International Business Machines Corp. gave fired employees information detailing a severance package that asked them to waive age-discrimination claims and also included a page listing the job titles and ages of workers being let go.

This disclosure helps fired employees determine if they have an age-discrimination case, and it’s required by U.S. federal law for workers
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