If Janet Yellen has her way, the Federal Reserve that she chairs is about to go from the center of the market’s universe to a mere afterthought. Investors might even welcome a boring Fed after a decade of hanging on every word out of the central bank. But for Yellen’s hope to become reality, a […]
Read morePresident Donald Trump wants to blow out the number of apprentices working for U.S. companies — but it doesn’t look like he’ll spend the money to do it. Apprenticeships blend on-the-job work with paid classroom instruction, and they usually last two to six years. The federal government has regulated and certified apprenticeships since 1937, but […]
Read moreThe Trump administration recently pointed to rising coal mining employment as a sign that the president’s “America First Energy Plan” is already bearing fruit. But many of those jobs might not actually exist. Administration officials are citing preliminary estimates of job gains, not hard numbers, as their proof that coal employment is already growing. But […]
Read moreThe competition for housing is heating up along with the summer temperatures and continuing to set new records. The average house sold in May went under contract in just 37 days, that’s the fastest reading since Redfin, a real estate brokerage, began tracking the market seven years ago. The previous record, set in April, was […]
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AS the global financial system was engulfed in crisis in 2008-10, only one set of banks in Europe and North America stayed serene and safe: Canada’s big five lenders. They were largely untouched by the madness south of the border and across the pond and kept churning out profits. After the crisis experts went on […]
Read moreAttendees inspect the new iPad Pro during the 2017 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 5, 2017 in San Jose, California. Cramer tells analyst his Sunday night Apple downgrade was ‘showboat’ call 9 Hours Ago | 09:07 Apple shares fell more than 2 percent Monday, falling for a […]
Read moreWhat if President Donald Trump threw a $1 trillion infrastructure party and no one showed up? So far, the Democrats don’t look like they’re coming to this affair. But they need an appearance. And soon! The RSVP is due in the next few weeks. President Trump kicked things off last week by offering the first […]
Read moreBritain was plunged deep into political uncertainty after last week’s inconclusive General Election and while Westminster comes to terms with a hung parliament, CNBC spoke with various analysts to understand the impact on investors over the coming months. “Clearly the pound is a little bit weaker, I think it’s going to bounce around for a […]
Read moreFor the principal part of President Donald Trump’s agenda to get passed, it may take something as dramatic as a sharp stock market pullback, according to one Wall Street analyst. As the political drama heightens in Washington the legislative agenda suffers, leading to fears that tax reform is nowhere near getting done. Trump wants to […]
Read moreThe 165 year-old Bank of the Philippines Islands counts Philippines conglomerate Ayala and Singapore sovereign wealth fund GIC among its major shareholders. BPI says that a major system glitch led to customers getting hit by unauthorised money withdrawals and deposits. The problem is that the transactions reached up to thousands of pesos. Some users claimed on social media that […]
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