General Motors Co. and ride-hailing company Lyft Inc. are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. Lyft said Monday that GM invested $500 million in the company as part of a round of a $1 billion round of fund-raising. GM gets a seat on Lyft’s board and […]
Mechele Dickerson, University of Texas at Austin; Jay L Zagorsky, Ohio State University, and Thomas Kochan, MIT Sloan School of Management Editor’s note: We asked a few of our regular writers to weigh in on what will (or should) be the key economic themes and issues of 2016 or offer their predictions. Topping the list […]
JANUARY sees a huge jump in the number of couples looking to divorce after Christmas and New Year is the final straw, but experts have warned many women could inadvertently be left worse off than men. read more >>> Source : The Daily Express
* Canadian dollar at C$1.3906 or 71.91 U.S. cents * Bond prices higher across the maturity curve TORONTO, Jan 4 (Reuters) – The Canadian dollar weakened against its U.S. counterpart, together with… read more >>> Source : Reuters
Jan 4 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday inching near all-time lows, dragged down by weak Chinese demand. read more >>> Source : Reuters
Stock futures Monday dived to hard losses before the first trading session of 2016, as a confused day in China appeared to rattle global markets. Dow futures dropped more than 279 points below fair market value before the starting bell. Nasdaq 100 futures dived 86.8 points. S&P 500 futures swooned 33.7 points, and Russell 2000 […]
The Chinese market is tanking. The CSI 300 stock market index crashed 7% before markets were halted for the day. That came after the Caixin-Markit manufacturing PMI unexpectedly fell to 48.2 in December from 48.6 in November. The official NBS manufacturing PMI stood at 49.7 in December. Any reading below 50 signals contraction. In a […]
General Motors Co. and ride-hailing company Lyft Inc. are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. read more >>> Source : CTVNews.Ca
EUR/USD enjoyed the safe haven flows to move back up to higher ground, covering the losses it made on New Year’s Eve. But as more traders get back to their desks, it’s back to reality. German inflation numbers missed on all fronts: Year over year, prices rose by only 0.2% against 0.4% expected and 0.3% […]
Chinese stocks plummeted nearly 7 percent Monday – on the first day of trading for the new year in China – prompting a halt to trading for the day on the Shanghai and Shenzhen exchanges. European markets followed Asia’s lead, opening lower, with Germany’s DAX down more than four percent and the FTSE in London […]
The compensation of Canada’s highest-paid CEOs dipped two per cent from 2013 to 2014, but each still raked in an average of $8.96 million, according to a new study. read more >>> Source : CBC.Ca
The domestic currency resumed substantially lower at 66.25 compared to weekend’s close of 66.14 at the Interbank Foreign Exchange (forex) market on fresh bouts of dollar demand. read more >>> Source : EconomicTimes.IndiaTimes.Com
Good morning and Happy New Year. Stocks did very little on Friday ending the day and the year just a touch lower….I have to say that I was a bit disappointed that they couldn’t nudge it just to the unchanged mark vs. what they did by allowing the S&P to close off fractionally for the […]
THE CRUCIAL retail Christmas reporting period kicks off with updates from major high street giants this week. read more >>> Source : The Daily Express
* General Motors to invest $500 mln in ride-sharing service Lyft read more >>> Source : Reuters
Last year saw the lowest financial costs from natural disasters worldwide since 2009 as the El Nino weather phenomenon reduced hurricane activity in the North Atlantic, a leading insurer said Monday. read more >>> Source : CTVNews.Ca
Via Dave Lutz at JonesTrading, here’s a quick guide to what traders are saying before markets in the US open to start 2016. Good Morning! China whacking us this AM, with US Futures off almost 2%. Shanghai closed early after 7% drop. Blamed on: Lighter PMI data, China’s renminbi hitting a 4Y low, New IPO […]
* Tensions heightened by Saudi execution of Shi’ite cleric (Adds details, president visits port, Sunni Muslim cleric shot dead) read more >>> Source : Reuters
George R.R. Martin has revealed he’s missed his deadline for his next novel “The Winds of Winter.” read more >>> Source : CNBC.Com
Oil could break below $20 as tensions between Iran and Saudi Arabia rise, oil analyst John Kilduff says. read more >>> Source : CNBC.Com
The amount of money being borrowed by consumers in the run-up to Christmas rose by £1.5bn, the largest rise for nearly eight years. read more >>> Source : BBC
The economic situation in Sweden right now is extraordinary, and a new note to investors from HSBC says that Swedish housing may be in a bubble that “is not sustainable.” Here’s the macro picture: 3.9% GDP growth, year on year. House prices up 18%. Interest rates are set at -0.35%. And the government isn’t doing […]
CANTERBURY, England, Jan 4 (Reuters) – Britain has granted asylum to a Sudanese man who made global headlines in August when he walked 50 km (31 miles) through the Channel Tunnel from France to England, highlighting the desperation of many migrants seeking a better life in Europe. read more >>> Source : Reuters
One of the Fed’s hawkish officials said she is not opposed to her colleagues’ view that the U.S. central bank needs to raise rates only four times. read more >>> Source : CNBC.Com
2016 is already here and we bring you a special outlook all dedicated to 2016: the path of interest rates, currencies, bonds, stocks and of course the slippery price of oil. Here is your guide to the new year. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Fed hike path […]
LONDON, Jan 4 (Reuters) – Emerging markets suffered their biggest fall in four months on Monday as Chinese stocks slumped by 7 percent and deteriorating relations between Saudi Arabia and Iran drove… read more >>> Source : Reuters
Against the euro, sterling hit a 2-1/2-month low of 74.235 pence before recovering to 73.79 pence, flat on the day. read more >>> Source : EconomicTimes.IndiaTimes.Com
Trading has been suspended in China after share prices plunged today by more than 7 per cent. The slide triggered an automatic shutdown of the country’s stock exchanges and underscores the ongoing weakness of China’s manufacturing sector. read more >>> Source : CBC.Ca
The UK’s manufacturing sector grew at its slowest pace for three months in December, a survey indicates. read more >>> Source : BBC
BRITAIN’s top stock market lost billions of pounds this morning, prompting fears over invested pension savings. read more >>> Source : The Daily Express
David Cameron’s government is going to take “radical” steps to intervene in Britain’s housing market, and to try to reduce the chronic undersupply of affordable housing that is plaguing potential housebuyers in the UK right now. On Monday, Cameron will announce plans to commission tens of thousands of new so-called “starter homes” on brown field […]
SUPERMARKETS have today slashed diesel prices to below £1 a litre for the first time in six years, marking a good start to 2016 for millions of drivers. read more >>> Source : The Daily Express
The government is “pulling out all the stops” by directly commissioning the building of up to 13,000 homes on public land, ministers say. read more >>> Source : BBC
SEOUL, Jan 4 (Reuters) – South Korea will review safety at its six budget airlines after two recent incidents, including one involving a plane that had to return to its departure airport after a door was not properly sealed, a transport ministry official said. read more >>> Source : Reuters
Oil traders can’t make their minds up. The price of Brent and crude spiked overnight amid escalating tensions between Saudi Arabia and Iran. Saudi Arabia has cut off diplomatic relations with Iran, getting people worried about the supply of oil from the Middle East. But oil prices fell back dramatically in early morning trade in […]
Hollywood and video game makers look set to storm the immersive, virtual reality marketplace now that the VR makers have finally worked the bugs out. Their wares are expected in force at the annual CES extravaganza in Las Vegas later this week. read more >>> Source : CBC.Ca
The tensions between Iran and Saudi Arabia are escalating after diplomatic ties were cut this weekend. CNBC discusses how other countries could get involved. read more >>> Source : CNBC.Com
A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country’s big banks. read more >>> Source : CTVNews.Ca
Eurozone CPI Flash Estimate is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. Indicator Background […]
* Gunfire still being heard on third day of clearing operation read more >>> Source : Reuters
* China selloff hits Aussie, other commodity-linked currencies read more >>> Source : Reuters
Creator of hit historical melodrama “Downton Abbey,” Julian Fellowes’s next project will be a serialized novel released digitally. read more >>> Source : CNBC.Com
European factories are in great shape. It’s manufacturing PMI day in Europe, meaning we get a snapshot of how factories across Europe are doing. The figures, each somewhere between 0 and 100, give an idea of whether a country’s manufacturing sector is growing or contracting. Anything above 50 signals growth, anything below means contraction. The […]
UK shares start the new year sharply lower as European markets fall in the wake of steep losses in China. read more >>> Source : BBC
As liquidity returns to markets at the start of the New Year, we’re seeing a fairly uncomfortable start, with trading halted in Chinese equities after a 7% fall in the Chinese composite index. The more risk averse tone has been reflected in other equity markets in Asia and is also being carried over into European […]