record Archive

  • Bank Of England Keeps Record Low Rate, Signals Hike In Coming Months The Bank of England retained its record low interest rate on Thursday, but hinted at raising rates over the coming months to bring inflation back to the target. The Monetary Policy Committee voted 7-2 to hold the interest rate at a record low 0.25 percent. But all nine members voted to maintain the quantitative easing at GBP 435 billion. Ian McCafferty and Michael Saunders maintained their call for a quarter point rate hike at the meeting. The new member Dave Ramsden preferred to keep the rate unchanged. Economists had also expected BoE chief economist Andrew Haldane to join the hawks after inflation shot up to 2.9 percent in August, which was the joint highest in over five years. According to the BoE minutes, some members said a withdrawal of part of the stimulus injected in August last year would help to moderate the inflation overshoot, while leaving monetary policy very supportive. The BoE continu..

    Bank Of England Keeps Record Low Rate, Signals Hike In Coming Months

    Bank Of England Keeps Record Low Rate, Signals Hike In Coming Months The Bank of England retained its record low interest rate on Thursday, but hinted at raising rates over the coming months to bring inflation back to the target. The Monetary Policy Committee voted 7-2 to hold the interest rate at a record low 0.25 percent. But all nine members voted to maintain the quantitative easing at GBP 435 billion. Ian McCafferty and Michael Saunders maintained their call for a quarter point rate hike at the meeting. The new member Dave Ramsden preferred to keep the rate unchanged. Economists had also expected BoE chief economist Andrew Haldane to join the hawks after inflation shot up to 2.9 percent in August, which was the joint highest in over five years. According to the BoE minutes, some members said a withdrawal of part of the stimulus injected in August last year would help to moderate the inflation overshoot, while leaving monetary policy very supportive. The BoE continu..
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  • Bank Of England Keeps Record Low Rate, Signals Hike In Coming Months The Bank of England retained its record low interest rate on Thursday, but hinted at raising rates over the coming months to bring inflation back to the target. The Monetary Policy Committee voted 7-2 to hold the interest rate at a record low 0.25 percent. But all nine members voted to maintain the quantitative easing at GBP 435 billion. Ian McCafferty and Michael Saunders maintained their call for a quarter point rate hike at the meeting. The new member Dave Ramsden preferred to keep the rate unchanged. Economists had also expected BoE chief economist Andrew Haldane to join the hawks after inflation shot up to 2.9 percent in August, which was the joint highest in over five years. According to the BoE minutes, some members said a withdrawal of part of the stimulus injected in August last year would help to moderate the inflation overshoot, while leaving monetary policy very supportive. The BoE continu..

    Bank Of England Keeps Record Low Rate, Signals Hike In Coming Months

    Bank Of England Keeps Record Low Rate, Signals Hike In Coming Months The Bank of England retained its record low interest rate on Thursday, but hinted at raising rates over the coming months to bring inflation back to the target. The Monetary Policy Committee voted 7-2 to hold the interest rate at a record low 0.25 percent. But all nine members voted to maintain the quantitative easing at GBP 435 billion. Ian McCafferty and Michael Saunders maintained their call for a quarter point rate hike at the meeting. The new member Dave Ramsden preferred to keep the rate unchanged. Economists had also expected BoE chief economist Andrew Haldane to join the hawks after inflation shot up to 2.9 percent in August, which was the joint highest in over five years. According to the BoE minutes, some members said a withdrawal of part of the stimulus injected in August last year would help to moderate the inflation overshoot, while leaving monetary policy very supportive. The BoE continu..
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  • Wall Street Notches Record Peak as Energy Gains, Tech Drops U.S. stocks ended slightly higher on Wednesday, hitting record peaks, as gains in the energy sector counterbalanced declines in the technology sector. The Dow Jones industrial average advanced 0.18 percent to 22,158.18, a record peak, as Chevron contributed the most gains. Meanwhile, Apple was the biggest loser in the index. The S&P 500 climbed 0.1 percent to 2,498.37, also a record, as energy added over one percent to lead gainers. The Nasdaq composite rose 0.1 percent at 6,460.19 despite shares of Apple falling 0.8 percent. Technology stocks were among the worst performers, slipping 0.2 percent after ending at a record peak on Tuesday. Apple shares fell 0.8 percent on concerns that the company's newly launched iPhone X is too expensive and because its availability was later than expected. The stock held up 37 percent so far in 2017, some analysts said it was time to cash in gains. The S&P energy index climbed aft..

    Prime News: Wall Street Notches Record Peak as Energy Gains, Tech Drops

    Wall Street Notches Record Peak as Energy Gains, Tech Drops U.S. stocks ended slightly higher on Wednesday, hitting record peaks, as gains in the energy sector counterbalanced declines in the technology sector. The Dow Jones industrial average advanced 0.18 percent to 22,158.18, a record peak, as Chevron contributed the most gains. Meanwhile, Apple was the biggest loser in the index. The S&P 500 climbed 0.1 percent to 2,498.37, also a record, as energy added over one percent to lead gainers. The Nasdaq composite rose 0.1 percent at 6,460.19 despite shares of Apple falling 0.8 percent. Technology stocks were among the worst performers, slipping 0.2 percent after ending at a record peak on Tuesday. Apple shares fell 0.8 percent on concerns that the company's newly launched iPhone X is too expensive and because its availability was later than expected. The stock held up 37 percent so far in 2017, some analysts said it was time to cash in gains. The S&P energy index climbed aft..
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  • BRAZIL: Ibovespa Hits Record For Third Session Despite Political Turmoil Ibovespa, the main stock index in the Brazilian market, rose 0.33% to 74,787.56 points Wednesday, hitting a record close for the third consecutive session despite the turbulent political scene following the arrest of JBS president Wesley Batista and a new inquiry against President Michel Temer. The news led Ibovespa to fall in the morning, but in the afternoon the index recovered, boosted by higher oil prices and by the news that the Finance Minister Henrique Meirelles could run for the presidency in 2018. "The political bias was strong today. Traders celebrated the possibility of Meirelles coming out as a presidential candidate. It is a name that appeals to the market," said Terra Investimentos analyst R?gis Chinchila. The minister, however, denied that he is a pre-candidate on his Twitter account. Alfredo Sequeira, DNAInvest's CEO, said that "the global situation has helped Ibovespa to remain bull..

    BRAZIL: Ibovespa Hits Record For Third Session Despite Political Turmoil

    BRAZIL: Ibovespa Hits Record For Third Session Despite Political Turmoil Ibovespa, the main stock index in the Brazilian market, rose 0.33% to 74,787.56 points Wednesday, hitting a record close for the third consecutive session despite the turbulent political scene following the arrest of JBS president Wesley Batista and a new inquiry against President Michel Temer. The news led Ibovespa to fall in the morning, but in the afternoon the index recovered, boosted by higher oil prices and by the news that the Finance Minister Henrique Meirelles could run for the presidency in 2018. "The political bias was strong today. Traders celebrated the possibility of Meirelles coming out as a presidential candidate. It is a name that appeals to the market," said Terra Investimentos analyst R?gis Chinchila. The minister, however, denied that he is a pre-candidate on his Twitter account. Alfredo Sequeira, DNAInvest's CEO, said that "the global situation has helped Ibovespa to remain bull..
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  • Dow joins the record party today The 3 major stock indices are closing at record levels today. The S&P and Nasdaq closed at records yesterday. The Dow closed at a record high today. Party hats all around.

    Record closes for the bunch. S&P, Nasdaq and Dow close at record levels.

    Dow joins the record party today The 3 major stock indices are closing at record levels today. The S&P and Nasdaq closed at records yesterday. The Dow closed at a record high today. Party hats all around.
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  • Household incomes in the United States jumped for a second year running in 2016 while poverty dropped. American households are enjoying the strongest sustained income growth this century following a long stretch of stagnation due to the financial crisis, recession along with soft recovery. Median income increased by an inflation-adjusted 3.2 percent from 2015 to 2016 to $59,039, exceeding the previous high in 1999, according to Census Bureau numbers. Non-Hispanic white, black and Hispanic-origin households all experienced income gains. The count of people in poverty declined by 2.5 million in the same period. However, the recovery could not be as complete as the headline income figure indicates, this is because of a change in the survey several years ago which aims at better capturing some sources of income. According to an analysis by the Economic Policy Institute, income last year remained 1.6% below its 2007 level after backing out those methodology changes. Methodological c..

    Prime News: U.S. Incomes Climb to Record Levels as Poverty Drops

    Household incomes in the United States jumped for a second year running in 2016 while poverty dropped. American households are enjoying the strongest sustained income growth this century following a long stretch of stagnation due to the financial crisis, recession along with soft recovery. Median income increased by an inflation-adjusted 3.2 percent from 2015 to 2016 to $59,039, exceeding the previous high in 1999, according to Census Bureau numbers. Non-Hispanic white, black and Hispanic-origin households all experienced income gains. The count of people in poverty declined by 2.5 million in the same period. However, the recovery could not be as complete as the headline income figure indicates, this is because of a change in the survey several years ago which aims at better capturing some sources of income. According to an analysis by the Economic Policy Institute, income last year remained 1.6% below its 2007 level after backing out those methodology changes. Methodological c..
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  • BRAZIL: Ibovespa Renews Record, But Slows After New Inquiry On Temer The positive outlook on the domestic economy and the easing of the external scenario led the Ibovespa to rise 0.29% on Tuesday, closing at 74,538.54 points to a record close for the second straight day. Investors were more optimistic about a recovery of the Brazilian economy after the central bank's Monetary Policy Committee reiterated that it should continue to cut the country's benchmark interest rate, albeit at a slower pace. The benchmark stock index in Brazil broke the 75,000-point barrier during the trading session but significantly reduced its gains late in the afternoon, after the Brazilian Federal Supreme Court (STF) authorized a new inquiry against the President Michel Temer. "The political side was one of the vectors that had led to the improvement of the stock market, but it suffered a new setback with the inquiry against Temer," said Vitor Suzaki, an analyst at Lerosa Investimentos. T..

    BRAZIL: Ibovespa Renews Record, But Slows After New Inquiry On Temer

    BRAZIL: Ibovespa Renews Record, But Slows After New Inquiry On Temer The positive outlook on the domestic economy and the easing of the external scenario led the Ibovespa to rise 0.29% on Tuesday, closing at 74,538.54 points to a record close for the second straight day. Investors were more optimistic about a recovery of the Brazilian economy after the central bank's Monetary Policy Committee reiterated that it should continue to cut the country's benchmark interest rate, albeit at a slower pace. The benchmark stock index in Brazil broke the 75,000-point barrier during the trading session but significantly reduced its gains late in the afternoon, after the Brazilian Federal Supreme Court (STF) authorized a new inquiry against the President Michel Temer. "The political side was one of the vectors that had led to the improvement of the stock market, but it suffered a new setback with the inquiry against Temer," said Vitor Suzaki, an analyst at Lerosa Investimentos. T..
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  • Sorry but it happens a lot The S&P and Nasdaq are closing at record levels despite a fall in Apple (down about -$0.60) after they introduced the iPhone 8, the iPhone X (that is 10 not X), an Apple Watch that has cellular connectivity (I think that will be a hit), and some fluff from Apple

    S&P and Nasdaq close at record levels. Ho hum. Indices rise even though Apple is lower.

    Sorry but it happens a lot The S&P and Nasdaq are closing at record levels despite a fall in Apple (down about -$0.60) after they introduced the iPhone 8, the iPhone X (that is 10 not X), an Apple Watch that has cellular connectivity (I think that will be a hit), and some fluff from Apple
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  • Wall Street Advanced as S&P 500 Rallies to Record Finish U.S. equities increased sharply on Monday as Irma was downgraded to a tropical storm, easing fears about its impact on economic expansion, and as North Korea decided against firing any missile tests over the weekend. The Dow Jones industrial average bounced 1.19 percent to 22,057.37, as Goldman Sachs, Apple, 3M and insurer Travelers Cos. contributed the most gains. The index also marked its best session since March 1, when it increased 303 points. The S&P 500 rallied 1.1 percent to end at 2,488.11, a record peak. The index also touched its largest one-day gain since April 24. The Nasdaq composite climbed 1.1 percent to 6,432.26, as large-cap technology stocks, including Apple, gained. All the 11 major S&P sectors traded higher, led by gains in technology and financial stocks, with insurers advancing as Irma's fury dwindled down. The technology sector climbed 1.31 percent. Shares of Apple gained 1.96 percent a day prior t..

    Prime News: Wall Street Advanced as S&P 500 Rallies to Record Finish

    Wall Street Advanced as S&P 500 Rallies to Record Finish U.S. equities increased sharply on Monday as Irma was downgraded to a tropical storm, easing fears about its impact on economic expansion, and as North Korea decided against firing any missile tests over the weekend. The Dow Jones industrial average bounced 1.19 percent to 22,057.37, as Goldman Sachs, Apple, 3M and insurer Travelers Cos. contributed the most gains. The index also marked its best session since March 1, when it increased 303 points. The S&P 500 rallied 1.1 percent to end at 2,488.11, a record peak. The index also touched its largest one-day gain since April 24. The Nasdaq composite climbed 1.1 percent to 6,432.26, as large-cap technology stocks, including Apple, gained. All the 11 major S&P sectors traded higher, led by gains in technology and financial stocks, with insurers advancing as Irma's fury dwindled down. The technology sector climbed 1.31 percent. Shares of Apple gained 1.96 percent a day prior t..
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  • The Bugatti Chiron—a $3 million, 1,500-horsepower luxury spaceship on wheels that makes us go weak in the knees—just set the world record for going from 0-400 kph (or 249 mph) and then back to zero again. Former F1, IndyCar, and NASCAR ace Juan Pablo Montoya actually pulled it off, getting the full run in just 32.6 seconds and 1.43 miles.A very proud Wolfgang Dürheimer, President of Bugatti Automobiles, made the announcement: “Bugatti is the first car brand that not only calculates how fast a car can go from zero to 400 to zero on a computer. We actually drove it. Where others are satisfied with theory, we validate our data with real-life values. Just like we did with the Chiron.”The Chiron is packing an 8-liter, quad-turbo W-16 engine—really, two 15-degree V-8s nestled together—and produces a massive amount of horsepower (1,500, to be exact) across a very broad spectrum of the powerband. In a car that weighs at least 4,000 pounds, that spectrum is crucial to takeoff. Braking is anot..

    The Bugatti Chiron and Juan Pablo Montoya Just Set a Ridiculous Speed Record

    The Bugatti Chiron—a $3 million, 1,500-horsepower luxury spaceship on wheels that makes us go weak in the knees—just set the world record for going from 0-400 kph (or 249 mph) and then back to zero again. Former F1, IndyCar, and NASCAR ace Juan Pablo Montoya actually pulled it off, getting the full run in just 32.6 seconds and 1.43 miles.A very proud Wolfgang Dürheimer, President of Bugatti Automobiles, made the announcement: “Bugatti is the first car brand that not only calculates how fast a car can go from zero to 400 to zero on a computer. We actually drove it. Where others are satisfied with theory, we validate our data with real-life values. Just like we did with the Chiron.”The Chiron is packing an 8-liter, quad-turbo W-16 engine—really, two 15-degree V-8s nestled together—and produces a massive amount of horsepower (1,500, to be exact) across a very broad spectrum of the powerband. In a car that weighs at least 4,000 pounds, that spectrum is crucial to takeoff. Braking is anot..
    Read More