‘Black Swan’ index flashes yellow: Wall Street is not scared

‘Black Swan’ index flashes yellow: Wall Street is not scared
NEW YORK (Reuters) – The options-based Black Swan index may be signaling surging demand from investors for protection against a stock market crash, but Wall Street analysts see little reason to panic. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 9, 2019. REUTERS/Brendan McDermid The Cboe Skew Index .SKEWX... Read More

Wall Street, Fed prep to avoid year end disruption in repo markets

Wall Street, Fed prep to avoid year end disruption in repo markets
(Reuters) – With memories of September’s historic spike in short-term funding costs still raw, Wall Street and the Federal Reserve are gearing up for another potential cash crunch at year end. FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton Liquidity levels... Read More

Australia tells Facebook and Google to commit to competition rules, or else

Australia tells Facebook and Google to commit to competition rules, or else
SYDNEY (Reuters) – Australia said on Thursday technology giants such as Facebook Inc (FB.O) and Google (GOOGL.O) will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them. FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in... Read More

Asian shares rise as Fed cheer offsets trade, UK angst

Asian shares rise as Fed cheer offsets trade, UK angst
TOKYO (Reuters) – Asian stocks edged higher on Thursday after the Federal Reserve signaled rate settings were likely to remain accommodative but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China... Read More

High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sources

High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sources
WASHINGTON (Reuters) – U.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts. FILE PHOTO: U.S. President Donald Trump speaks during a Hanukkah reception in the East Room of... Read More

FAA probes Boeing 737 MAX production, says it won’t approve jets’ return this year

FAA probes Boeing 737 MAX production, says it won’t approve jets’ return this year
WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co’s 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end. At a hearing before U.S. lawmakers, FAA chief Steve Dickson cited a series of steps that still must be completed before 737 MAX... Read More

Continental Resources founder Hamm to step down as CEO

Continental Resources founder Hamm to step down as CEO
(Reuters) – Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step down as chief executive of Continental Resources (CLR.N) and become its executive chairman, the company said on Wednesday. FILE PHOTO: Harold Hamm of Continental Resources introduces himself at a dinner for business leaders hosted by U.S. President Donald... Read More

Fed keeps rates on hold, points to ‘favorable’ economic outlook next year

Fed keeps rates on hold, points to ‘favorable’ economic outlook next year
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, U.S., December 11, 2019.... Read More