Federal Reserve Vice Chairman Stanley Fischer left open the option of an interest-rate increase next month, walking a line between officials who want to delay due to market turmoil and those who say the economy is strong enough to handle a move.
Your Money in the News
Here’s the bright side for all the investors who’ve been so worried about banks using less money to facilitate trading in the $8 trillion corporate-bond market: at least Wall Street wasn’t a big seller in this latest rout.
Two regional Federal Reserve presidents who will vote on policy next year said that while they are mindful of market volatility, they consider the U.S. economy strong enough to justify raising interest rates.
Consumer confidence declined in August to a three-month low as recent stock-market turbulence weighed on Americans’ outlook for the U.S. economy in the coming year.
Consumer purchases climbed in July as incomes grew, showing the biggest part of the U.S. economy was off to a good start to the quarter.
St. Louis Federal Reserve President James Bullard said that while world financial markets are volatile, U.S. fundamentals are good and the interest rate-setting Federal Open Market Committee shouldn’t alter its forecast for the economy.
Investment managers facing tough questions from regulators over what caused trading disruptions for hundreds of exchange-traded funds this week said they got hit by a double whammy.
While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million.
A technology breakdown at Bank of New York Mellon Corp., leaving it unable to price more than 10 percent of U.S. exchange-traded funds and some mutual funds, may be causing investors to overpay for them.
The financial benefits of fitness can be big
The dollar rose by the most in five months against the euro as U.S. stocks surged after better-than-expected data on capital goods orders bolstered the outlook for economic growth.
Treasuries suffered their biggest two-day tumble in six weeks as an unexpected jump in durable-goods orders and a recovery in stocks suppressed demand.
Maverick Capital, the $9 billion investment firm led by Lee Ainslie, is speaking with investors about a quant-driven fund that will wager on stocks, according to a person briefed on the plan.
To Guam Governor Eddie Calvo, the only similarity between his Pacific island and Puerto Rico is that they’re both tropical U.S. territories.
Japanese stocks staged the biggest rally since October after China cut interest rates. Utilities and insurers led gains.
Videos: In The Money
On today's "Deep Dive," Bloomberg's Alix Steel and Joe Weisenthal take a look at consumer sentiment. They speak on "What'd You Miss?" (Source: Bloomberg)
Wells Capital's Jim Paulsen and Bloomberg's Mike Regan discuss the outlook for U.S. equities with Bloomberg's Alix Steel on "Bloomberg Markets." (Source: Bloomberg)
Harvard's Gita Gopinath discusses the outlook for global currencies with Bloomberg's Brendan Greeley at the Jackson Hole economic symposium in Jackson Hole, Wyoming. (Source: Bloomberg)
Bloomberg's Alix Steel updates the latest commodities markets news. She speaks on "Bloomberg Markets." (Source: Bloomberg)
James Rickards, portfolio manager at West Shore Group, discusses the Federal Reserve's inability to spark inflation and the cross-influence of markets and the Fed. He speaks on "Bloomberg Markets." (Source: Bloomberg)