China's Tricky Problem With eZubao, Shadow Banking And Financial Repression
Global stocks fall after US jobs report muddles Fed outlook
NEW YORK Global stock markets slumped and the U.S. dollar rallied on Friday after a key U.S. jobs report painted a mixed picture of the labor market and left investors with a muddled view on interest rate hike prospects.Oil prices dipped, ending the week lower after two weeks of gains. Wall Street ended lower, led by plunging technology shares after poor results from data company Tableau Software (DATA.N) and networking platform LinkedIn (LNKD.N). The S&P 500 information technology sector fell..>> view originalHEB Ice Cream Recalled for Possible Foreign Material
H-E-B is voluntarily recalling its Caramel Pecan Turtle Ice Cream because it may contain wood pieces. This can cause injuries and can be a choking hazard. There have been no reports of any injuries or illnesses in connection with the consumption of this product. The recalled product is H-E-B Creamy Creations Caramel Pecan Turtle Ice Cream. The UPC number of the recalled product is 0 4122051877 7. The sell by dates of the recalled products are: SELL BY: 20 APR(APR)16, SELL BY: 10 MAY(MAY)16, SELL..>> view originalChinese-led investors plan to buy Chicago Stock Exchange - Chicago Sun
The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group. The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The exchange needs the cash from the buyout to launch its new trading products and platforms, Kerin said. Terms of the deal were not disclosed. Kerin will continue as CEO after the de..>> view originalTreasury Two-Year Notes Decline as Wage Growth Boosts Fed Bets
Treasury two-year notes fell as a report showing stronger U.S. wage growth in January prompted traders to boost wagers that the Federal Reserve will raise interest rates in 2016.Yields rose after the Labor Department said the U.S. created 151,000 jobs last month, less than the 190,000 median forecast in a Bloomberg survey of economists. Average hourly earnings rose 0.5 percent from a month earlier, more than the 0.3 percent forecast. The year-over-year increase of 2.5 percent followed a 2.7 per..>> view originalWorkers' wages up, but slower job growth worries financial markets
American workers have begun to see a notable pickup in their paychecks after years of stagnation, with wages increasing at their fastest rate since the end of the Great Recession. Government data released Friday showed that average earnings spiked 12 cents an hour in January, the second-biggest jump in at least a decade. As a result, wages have risen at an annualized rate of 2.9 percent over the past six months. Still, the question remains whether those gains will be sustained or will prove to ..>> view original1st Global Advisors Inc. Has $334000 Stake in Wal-Mart Stores, Inc. (WMT)
1st Global Advisors Inc. reduced its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,447 shares of the retailer’s stock after selling 418 shares during the period. 1st Global Advisors Inc.’s holdings in Wal-Mart Stores were worth $334,000 at the end of the most recent quarter. A number of other hedge funds also recently modifie..>> view originalArgentina in $6.5bn offer to debt holdouts
If accepted by all the holdouts, which are led by US billionaire Paul Singer's Elliott Management, the deal will clear the way for Argentina's return to the international capital markets, providing a boost for the stagnant and inflation-wracked economy long starved of foreign investment. "The proposal by Argentina is a historic breakthrough," said mediator Daniel Pollack. He said any deal would be subject to approval by Argentina's congress and the lifting of an injunction issued by New Y..>> view originalNasdaq hits 15-month low in Friday freefall
A positive jobs report has left investors wondering if the Federal Reserve will raise interest rates in March. USA TODAY's Matt Krantz takes a look. Traders work on the floor of the New York Stock Exchange on Feb. 2, 2016. (Photo by Spencer Platt/Getty Images)(Photo: Spencer Platt, Getty Images)Wall Street's short winning streak came to a brutal end Friday as a disappointing jobs report sent stocks skidding and the Nasdaq composite to its lowest level in more than 15 months.The Dow Jo..>> view originalHow Sumner Redstone Went From Army Cryptographer to Media Mogul
Photo Sumner Redstone, then executive chairman of CBS and Viacom, was honored with the 2,467th star on the Hollywood Walk of Fame in 2012. Credit Robyn Beck/Agence France-Presse — Getty Images As Sumner M. Redstone cedes the chairman posts at CBS and Viacom, one of the business world’s most combative moguls is quietly stepping off the corporate stage. For decades, Mr. Redstone proved one of the most voluble media titans, even in an industry full of outsize personalit..>> view original
Saturday, February 6, 2016
China's Tricky Problem With eZubao, Shadow Banking And Financial Repression and other top stories.
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