The U.S. Federal Reserve should commit to letting economic booms run on enough to fully offset collapses like the 2007 to 2009 Great Recession, former Fed chair Janet Yellen said on Friday, urging the central bank to make “lower-for-longer” its official motto for interest rates following serious downturns.
There are good reasons why marijuana stocks could fall, but a border ban for cannabis investors isn’t one of them. …read more […]
Elon Musk’s space transportation company, Space X, is sending the world’s first private passenger to fly around the moon. The company will announce who the lucky passenger is on Monday, September 17. Yahoo Finance’s Seana Smith, Dion Rabouin, Jennifer Rogers and Ethan Wolff-Mann discuss. …read more […]
U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the decision said.
Oil prices pulled back on Friday amid concerns additional U.S. tariffs would be placed on China, trading mixed after a rally triggered by worries of more sanctions on Iran.
The Communication Workers of America labor union, which opposes T-Mobile’s proposed purchase of rival Sprint, has written to all 50 state attorneys general to highlight potential job losses from the proposed deal as well as antitrust concerns.
After reporting consistent earnings and same-store sales beats throughout 2018 that have sent its stock up more than 30 percent on the year to new all-time highs, Costco Wholesale Corporation (NYSE: COST) may finally be becoming a victim of its own success. Wells Fargo analyst Edward Kelly downgraded COST stock from “outperform” to “market perform” and says it will be difficult for Costco to impress the market at this point. Kelly says Costco’s performance has been stellar in recent quarters, but it’s unlikely the company will continue to deliver its impressive sales growth in 2019. …read more […]
U.S. stocks fell back on Friday after President Trump instructed aides to proceed with tariffs on about $200 billion in Chinese products, despite Treasury Secretary Steven Mnuchin’s attempts to restart talks with Beijing.
Britain’s Financial Conduct Authority has banned former Deutsche Bank trader Christian Bittar from performing any function related to any regulated financial activity, the financial watchdog said on Friday.
Jason Kempin / Staff / Getty Images …read more […]
U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more of Chinese products, a source familiar with the process said on Friday, adding that the timing is not yet clear.
By Shreyashi Sanyal (Reuters) – U.S. stocks fell back on Friday after President Trump instructed aides to proceed with tariffs on about $200 billion in Chinese products, despite Treasury Secretary Steven … …read more […]
U.S. retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data kept intact expectations of strong economic growth in the third quarter.
Citigroup Inc on Friday was ordered to pay more than $12 million by U.S. regulators after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates.
U.S. House of Representatives Democratic Leader Nancy Pelosi on Friday warned the Trump administration that the NAFTA trade agreement should be maintained as a trilateral pact between the United States, Mexico and Canada and not just a U.S.-Mexico arrangement.
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