Finance

This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said. Economic growth around the world has picked up steam this year. Germany — Europe’s largest economy — grew an unexpectedly strong 0.8 percent in the third quarter. In Japan, the economy has grown for
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Swiss financial markets authority FINMA has found that the Swiss subsidiary of U.S. investment bank JPMorgan broke anti-money laundering rules, a Swiss court document showed. FINMA ruled on June 30 that JPMorgan Switzerland had “seriously infringed” regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on
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Wells Fargo‘s head of consumer lending was fired this week over a communication he had with another former executive about that person’s firing. The San Francisco-based bank said Friday that Franklin Codel, a senior executive vice president who had been promoted to the position as head of Consumer Lending only last year, was dismissed, effective
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U.S. corporate taxes within the 20 percent range would be a plus for the economy, Morgan Stanley Chairman and CEO James Gorman told CNBC on Thursday. Rates in the world’s largest economy are currently 35 percent, versus 15-25 percent in major jurisdictions elsewhere in the world, he explained. “For the U.S. to be so much
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He is hardly the first to take a negative stance on the digital token. Eventually, Gledhill predicted, bitcoin pricing will become “very cheap because that’s how it will scale,” adding that there’s no current pricing advantage for DBS. DBS is Southeast Asia’s largest lender and a big believer in emerging technologies. Earlier this year, the
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S&PThe “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Home Depot. Tim Seymour was a buyer of Qualcomm. Karen Finerman was a buyer of Citigroup. Dan Nathan was a seller of the SPDR S&P Retail ETF. Trader disclosure: On November 13, 2017, the following stocks and
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Charles Mostoller | Bloomberg | Getty Images Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over the low-inflation “conundrum,” since the U.S. central bank needs to prepare for any future
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Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights. RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $345 million investment in a fund rolled out Monday by Kobalt Capital, the subsidiary of
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President Donald Trump has done a “fantastic job” of garnering trust on Wall Street through his business-friendly policies, billionaire Vincent Viola told CNBC on Friday. “Markets are driven by their perception of stability,” said Viola, founder of Virtu Financial, a high-speed trading giant, and Trump’s onetime nominee for secretary of the Army. “The perception of
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Tempur Sealy. Tim Seymour was a buyer of iShares MSCI Brazil Capped ETF. Steve Grasso was a buyer of Overstock.com. Guy Adami was a buyer of Cypress Semiconductor. Trader disclosure: On November 9, 2017, the following stocks
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