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| May 26, 2019

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Stocks sink after Fed appears to dash hopes of an interest rate cut

May 1, 2019 |

Stocks on Wall Street gave up some early gains and ended broadly lower Wednesday after the head of the Federal Reserve appeared to play down the possibility of an interest rate cut this year, disappointing some investors.

The Fed’s decision to leave its benchmark interest rate alone was widely…


L.A. Times – Business

U.S. economy grew at strong 3.2% rate in first quarter, beating estimates

April 28, 2019 |

The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown.

The advance in the gross domestic product, the broadest…


L.A. Times – Business

TMZ

Donald Trump Calls Jussie Smollett ‘3rd Rate Actor,’ Says Case a ‘Disgrace’

April 28, 2019 |

Donald Trump unloaded on Jussie Smollett and Chicago prosecutors who dropped criminal charges against him … essentially calling Jussie a loser. Trump riled up his base Saturday night at a Wisconsin rally and talked about his perceived mission to…

TMZ.com

World’s Deepest Rate Cuts Beckon in Egypt

March 27, 2019 |

World’s Deepest Rate Cuts Beckon in EgyptThe U.S. central bank’s surprise forecast for no rate increases in 2019, combined with a rally in Egypt’s currency, means policy makers may deliver a reduction in borrowing costs for the second straight month on Thursday. “Domestic demand is fragile, non-food inflation is low and globally central banks are shifting to an easing bias,” he said.



Yahoo News – Latest News & Headlines

Is Pinterest’s 60% growth rate enough for obsessed investors?

March 24, 2019 |

I could only ask this question in the late stages of a decade-long stock market expansion: Is it good enough to grow at 60% a year?

Pinterest Inc., the online scrapbook, on Friday released a pitch to potential investors in its initial public offering. The document revealed a company with about…


L.A. Times – Business

Fed downgrades U.S. growth forecast and signals no more rate hikes until 2020

March 21, 2019 |

Federal Reserve officials on Wednesday poured some chilly water on President Trump’s assertion that the U.S. economy is red hot.

They downgraded their estimate for U.S. economic growth this year to just 2.1% amid a slowdown here and abroad — while signalling there will be no more interest rate…


L.A. Times – Business

Fed Signals Hold on Rate Increases

January 31, 2019 |

The Federal Reserve indicated Wednesday that it was done raising interest rates for now, fueling a market rally.
WSJ.com: What’s News Asia

Stocks jump after Fed indicates patience on interest rate increases

January 31, 2019 |

U.S. stocks jumped Wednesday after the Federal Reserve signaled it could hold off on interest rate increases in the coming months, citing muted inflation.

The central bank’s announcement allays one of the biggest concerns for investors: that the economy, and corporate profits, could be hurt if…


L.A. Times – Business

Fed Keeps Key Rate Unchanged

January 30, 2019 |

The Federal Reserve is keeping its key interest rate unchanged and signaling it could leave rates alone in coming months given economic pressures and mild inflation, the AP reports. The Fed also says it’s prepared to slow the reduction of its bond holdings if needed to support the economy. The…
Newser

CNN

New report reveals the Mediterranean’s rising death rate

January 30, 2019 |

New figures from the UN’s refugee agency show a rising death rate for people trying to reach Europe’s southern shores.
CNN.com – RSS Channel – World