Tag Archives: news
Trade Gap Widens by 10.1% In May of this year, the United States saw its trade deficit grow by the largest margin since August of 2015. The gap between imports and exports widened by 10.1%. (Source: “Trade Deficit in U.S..
The financial crisis hammered bank stocks, but one company is still finding ways to reward shareholders. On Thursday, July 7, PNC Financial Services Group Inc (NYSE:PNC) declared a quarterly cash dividend of $0.55 per share. This represents an eight percent.
Mark Carney Loosens Lending Restrictions Earlier this week, the Bank of England (BOE) eased lending conditions to soften the fallout from the Brexit. Britain’s vote to leave the European Union has put the BOE’s governor, Mark Carney, under pressure to.
Santander and Deutsche Bank Get Rejected The Federal Reserve recently reviewed the capital distribution plans from 33 of the biggest banks in the U.S. The Fed only rejected two. (Source: “Federal Reserve releases results of Comprehensive Capital Analysis and Review.
Spending on the Rise Personal spending continued its second-quarter rebound with a 0.4% rise in May, showing that at least one engine in the U.S. economy is firing. Consumer dollars are one of the driving forces behind economic growth. (Source:.
Fitch and S&P Cut U.K. Rating Two of the world’s biggest rating agencies have downgraded the United Kingdom in the aftermath of the Brexit. The cuts were widely expected after the majority of Britain voted to leave the European Union..
New Data Shows Stronger U.S. Economic Growth According to new data, U.S. economic growth for the first quarter of 2016 was better than previously thought. The country’s gross domestic product (GDP) grew at 1.1%, rather than the 0.8% initially reported..
Case-Shiller Index Shows Optimism U.S. home prices jumped significantly in April, adding yet another data point to the optimistic portrait of the U.S. economy. National U.S. home prices spiked five percent during those 30 days, according to the S&P/Case-Shiller Home.
Markets Predict Yellen Will Hold Steady For the last several months, markets have been pricing in another interest rate hike from the Federal Reserve. At one point, the probability of a 2016 rate hike reached 80%, but then the Brexit.
Brexit Could Send Yields Plunging If the U.K. votes to leave the European Union, income investors across the pond could be collateral damage. At least that’s according to Francesco Garzarelli, co-head of global macro markets research at Goldman Sachs Group.