Economics News

Fed's Dudley hopeful of interest rate hike this year despite weak data - Los Angeles Times

Mon, 20 Apr 2015 11:18:07 -0300

Fed's Dudley hopeful of interest rate hike this year despite weak data
Los Angeles Times
A top Federal Reserve policymaker said Monday that he was hopeful the central bank will raise its benchmark short-term interest rate this year despite recent weak economic data. lRelated Big differences divide Democrats, GOP on overhauling U.S. tax code.
EconomyFed's Dudley plays down EM risk from US tighteningFinancial Times
Treasury Yields Near April Lows With Dudley Cautious on EconomyBloomberg
Hopeful on US rate hike this year: Federal Reserve's William DudleyEconomic Times
Nasdaq
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Mon, 20 Apr 2015 11:13:39 -0300

Wall St. bounces back with eyes on earnings, China
Reuters
NEW YORK (Reuters) - U.S. stocks rose on Monday, cutting into the previous session's sharp decline, as China's steps to stimulate its slowing economy and as earnings, including those from Morgan Stanley, lured money back into equities. In the second ...
US Stocks AdvanceWall Street Journal
Wall Street Rebounds Amid China Stimulus, EarningsFox Business
Stock futures jump after China stimulusSeeking Alpha
Zacks.com
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Mon, 20 Apr 2015 11:08:30 -0300

US, European shares up after China stimulus but Greece weighs
Reuters
NEW YORK (Reuters) - European and U.S. stocks rose on Monday after China announced economic stimulus measures while the euro fell against the dollar on worries Greece may default. Wall Street reversed course after falling steeply on Friday, as ...
European Stocks Partially Recover From Fierce SelloffWall Street Journal
PBOCs Stimulus Measures And Greek Crisis Provides Markets BackdropZacks.com
European shares up after China stimulus fails to lift AsiaBuenos Aires Herald
Seeking Alpha -Daily Mail
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Mon, 20 Apr 2015 11:03:43 -0300

Mon, 20 Apr 2015 11:03:23 -0300

OPEC Says US Oil Boom Will End This Year
TIME
OPEC says the demand for oil – its oil – will rise during 2015 because the cartel is winning its price war against U.S. shale producers by driving them out of business. More. 100 Billion Barrels of Oil Below Gatwick? Maybe NotTop 5 Richest Tycoons in ...
OPEC, Russia, U.S. Shales - A Global Battle For Oil Market ShareSeeking Alpha
Oil Drops as Bull Bets Seen Behind Biggest Weekly Gain Since '09Bloomberg
Oil futures turn lower as dollar picks upMarketWatch
Resource Investor -Maine News Online -Reuters
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Mon, 20 Apr 2015 10:55:36 -0300

Morgan Stanley Profits Surge 60% On Trading And Wealth Management ...
Forbes
Morgan Stanley Morgan Stanley CEO James Gorman is hard at work building a wealth management business to provide stability and consistent earnings for the standalone investment bank, but a strong quarter for the firm's trading desks never hurts.
Wall St. Opens Higher as Earnings ImpressNew York Times
Morgan Stanley posts highest profit since financial crisisThe Globe and Mail
Morgan Stanley's Results Improve on Stronger Trading, Deals EnvironmentWall Street Journal
Fox Business -Reuters
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Mon, 20 Apr 2015 10:52:35 -0300

Gasoline prices are increasing again
cleveland.com
CLEVELAND, Ohio -- The average price of a gallon of gasoline here this morning is $2.40 a gallon -- up 8 cents from a week ago. The bad news comes from the AAA and from Gas Buddy, the Internet-based price watchdog that relies in part on motorists to ...
Pittsburgh region sees steady rise in gas pricesPittsburgh Post-Gazette
Gas prices rise 6.3 cents in Maine in past weekseattlepi.com
Gas prices go up nearly 11 cents in New HampshireSan Francisco Chronicle
Charleston Post Courier
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Mon, 20 Apr 2015 10:50:38 -0300

Tesla (TSLA) Stock Falling Today Following Lower Price Target
TheStreet.com
NEW YORK (TheStreet) -- Shares of Tesla Motors (TSLA - Get Report) are falling, down 0.43% to $205.90 in early market trading Monday, after analysts at JPMorgan Chase lowered their price target on shares of the electric car maker to $165 from $175 this ...
Elon Musk nearly sold Tesla to Google in 2013Engadget
Bloomberg: Google had $6B deal to buy Tesla in 2013Seeking Alpha
Google nearly bought Tesla for $6B in 2013CNET
Mashable -WKRB News -The Car Connection
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Mon, 20 Apr 2015 10:32:58 -0300

KKR Consortium to Buy Controlling Stake In South Korea's Ticket Monster
Wall Street Journal
A consortium including KKR Co. will buy a controlling stake in Ticket Monster, South Korea's No. 2 mobile commerce company, from Groupon Inc. in a deal valuing the company at $782 million. The deal, which confirms an earlier Wall Street Journal article, will ...
Groupon Sells Controlling Stake in Korean Site Ticket Monster for $360 MillionRe/code
Groupon to sell 46% stake in Ticket Monster for $360-millionThe Globe and Mail
Anchor Equity Partners, KKR and Management to Acquire a Controlling Stake in ...MarketWatch

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Mon, 20 Apr 2015 10:15:18 -0300

Volcker Urges Merging Regulators to Bolster Financial Oversight
Bloomberg
Five years after giving his name to a rule designed to restrict trading by Wall Street banks, Paul Volcker is pushing for another change that would put at least one top regulator out of business. The Federal Reserve would be at the helm of a reorganized ...
Former Fed Chairman Volcker calls for overhaul of financial oversight systemFox Business
MarketsEx-Fed chief Volcker calls for merger of SEC, CFTCFinancial Times

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