Fed’s Quarles: Community banks can compete with larger banks

Fed’s Quarles: Community banks can compete with larger banks
By Senior economics reporter Community banks have been able to compete quite successfully with larger banks in both urban and rural markets in the aftermath of the recent recession, said Federal Reserve Vice Chairman for Supervision Randal Quarles, on Thursday. “Urban and rural community banks face different challenges, but, on average, both seem to be faring well in the post-crisis... Read More

U.S. oil benchmark climbs back to a nearly 4-year high

U.S. oil benchmark climbs back to a nearly 4-year high
By Markets/commodities reporter Oil futures rallied on Wednesday as reported declines in Iranian exports due to pending U.S. oil sanctions, and uncertainty surrounding the ability of other major oil producers to make up for the loss, lifted U.S. and global prices back to nearly four-year highs. The strong gains came despite data from the U.S. government which revealed the largest... Read More

Stanford Ranked First To Learn About Blockchain Technology

Stanford Ranked First To Learn About Blockchain Technology
In response to rising interest from students, CoinDesk has compiled a list of top ten universities in the United States that have invested heavily in developing curricula and resources around blockchain technology. According to an analysis by the news site specializing in bitcoin and digital currencies, Stanford University in California is the best place to learn about blockchain technology. Interdisciplinary... Read More

UK Service Sector Growth Moderates In September

UK Service Sector Growth Moderates In September
British service sector growth remained strong in September, but the pace of expansion eased moderately since August, survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers’ Index dropped to 53.9 in September from 54.3 in August. The score was also below the forecast of 54.0. However, any reading above 50 indicates... Read More

Stocks Close Mixed But Dow Reaches New Record Closing High – U.S. Commentary

Stocks Close Mixed But Dow Reaches New Record Closing High – U.S. Commentary
Stocks fluctuated over the course of the trading session on Tuesday before eventually ending the session mixed. Despite the choppy trading on the day, the Dow reached a new record closing high. The major averages ended the day on opposite sides of the unchanged line. While the Dow climbed 122.73 points or 0.5 percent to 26,773.94, the Nasdaq fell 37.76... Read More

Powell: Fed Ready To Act To Material Changes To Inflation Expectations

Powell: Fed Ready To Act To Material Changes To Inflation Expectations
Federal Reserve Chairman Jerome Powell delivered remarks on monetary policy in the current environment of low inflation and low unemployment in remarks at the annual meeting of the National Association for Business Economics on Monday. Powell noted forecasts for the unemployment rate to remain below 4 percent and inflation to remain near 2 percent through the end of 2020 reflect... Read More

Trump’s father gave his son at least $413 million: New York Times

Trump’s father gave his son at least $413 million: New York Times
By Senior economics reporter President Donald Trump’s father gave enormous sums of money to his son over his entire life, playing a much bigger role than previously known in making the president a rich man, according to a New York Times investigation published Tuesday. According to the report, Trump was earning $200,000 a year from his father’s empire by the... Read More

Major Averages Turning In Mixed Performance In Morning Trading – U.S. Commentary

Major Averages Turning In Mixed Performance In Morning Trading – U.S. Commentary
After ending the previous session mostly higher, stocks have shown a lack of direction over the course of morning trading on Tuesday. The major averages have spent the morning bouncing back and forth across the unchanged line. Currently, the major averages are turning in a mixed performance on the day. While the Dow is up 25.84 points or 0.1 percent... Read More

Stocks May Show Initial Move To The Downside – U.S. Commentary

Stocks May Show Initial Move To The Downside – U.S. Commentary
Stocks may move to the downside in early trading on Tuesday after ending the previous session mostly higher. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 60 points. Lingering trade concerns may weigh on the markets even after President Donald Trump announced a new trade deal between the... Read More