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The contrarian American taking on the big banks read more >>> Source : BBC

EURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 level. On the down, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1.0700 level where a […]

2016 is here: there’s no time for hangovers and markets are in full swing. Here are the top 3 trades of the year from SocGen: Here is their view, courtesy of eFXnews: “My top 3 G10FX trades in 2016: The first is short GBP/JPY, on valuation and Brexit risks though Monday will be more about […]

SAN FRANCISCO (Reuters) – The Federal Reserve’s interest rate hike last month was a prudent first step to a more normal policy era and it signaled the central bank’s confidence that the U.S. economy will continue to improve, a top Fed official said on Sunday. “I fully supported the … December action,” said Cleveland Fed […]

Jan 3 (Reuters) – Residents of flooded areas in far southern Illinois anxiously waited for the swollen Mississippi River to peak on Sunday, with hundreds electing to remain in their homes, as states downstream prepared for the rising waters. read more >>> Source : Reuters

* China-based banker says “easy-money” arbitrage days now gone read more >>> Source : Reuters

It’s 2016. And the year is off to a busy start. In the US, the economic calendar is stacked with the releases of monthly manufacturing and labor market data. One of the big economic stories continues to be the weakness of the US manufacturing sector, as slowing global growth and the strong US dollar has […]

Jan 3 (Reuters) – Residents of towns in far southern Illinois anxiously awaited flood waters from the swollen Mississippi River to peak on Sunday, with hundreds electing to remain in their homes, as states downstream prepared for the rising waters. read more >>> Source : Reuters

What’s at stake this election year? Let me put as directly as I can. America has succumbed to a vicious cycle in which great wealth translates into political power, which generates even more wealth, and even more power. This spiral is most apparent in declining tax rates on corporations and on top personal incomes (much […]

GBP/USD ended the year with a huge plunge of 190 points, closing last week at 1.4733. There are nine events on the schedule. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. Key US indicators could have been sharper last week, as unemployment claims and housing […]

There are few cars in the world more iconic than the Porsche 911. Over the years, the rear-engined sports has gotten bigger, faster, and more technologically advanced. But its spirited driving dynamics and on-track capabilities have continued to make it a favorite among enthusiasts worldwide. However, you often hear the complaint that all current 911s […]

MONTEVIDEO, Jan 3 (Reuters) – Uruguay will give state oil company Ancap $620 million to cancel its debt for purchases of crude from Venezuela, according to a bill passed in a special session of… read more >>> Source : Reuters

AUD/USD was almost unchanged in thin market trading during Christmas week. The pair closed at 0.7288. There are nine events this week. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Key US indicators could have been sharper last week, as unemployment claims and housing data missed expectations. There […]

The washing machine Laurie Beane just bought from Sears is suddenly on sale. Why does the company want to return it in order to honor the new price? Question: I’ve been without a washing machine for a few years and have been waiting for the best deal that I could afford. I recently ordered a […]

Jan 3 (Reuters) – Tesla Motors Inc delivered 17,400 vehicles during the fourth quarter of 2015 and a total of 50,580 for the year, the company said on Sunday. read more >>> Source : Reuters

Tesla just released in fourth-quarter and full-year 2015 delivery numbers. The automaker sold 17,400 vehicles in Q4: 17,192 were Model S sedans and 208 were Model X SUVs, the company said in a statement. In 2015, total deliveries were 50,580, the most ever for Elon Musk’s electric-car startup, but on the low side of the […]

There may be a cancer eating away at your life insurance policy – causing it to die before you do! If you have a “universal life” policy – one with flexible premiums and/or investment choices within the policy, the insurance industry is taking a bigger bite out of the cash build-up that was forecast to […]

USD/JPY had an uneventful week to sign off 2015, as the pair closed the week almost unchanged, at 120.22. The upcoming week has six events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. US indicators were by no means impressive last week, as unemployment claims […]

The U.S. Congress repealed a labeling law that required retailers to include the animal’s country of origin on packages of red meat. read more >>> Source : CTVNews.Ca

When changing an established corporate logo, there’s a fine line between success and disaster. This year, several major companies changed their logos, and some simply fell flat. To identify the worst revamps, Business Insider looked through graphic-design publisher UnderConsideration‘s Brand New blog archives and picked out our least favorites. We only considered large, non-athletic-team or […]

It’s almost 2016, so Business Insider has asked a bunch of the smartest minds on Wall Street to tell us what they think will happen next. Here’s a prediction for the activists, the hedge funds that buy up shares of companies in the hope of effecting changes that will boost the company’s stock price and […]

Asda and Tesco are both cutting the price of diesel to below £1 a litre taking it to its lowest price since 2009. read more >>> Source : BBC

The Canadian dollar was uneventful in the final week of 2015, as USD/CAD was unchanged. The pair closed at 1.3830. There are seven events this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. US numbers were not impressive last week, as unemployment claims and housing reports were […]

Financial technology, or fintech, is a boom industry right now, with investment flooding into companies reinventing the way we do payments, lending, investing, and more. Valuations in the sector are also sky-rocketing as more money floods in. Many companies are now reaching the fabled “unicorn” status — the term in the tech industry for companies […]

Everything communicates. Everything. Even the things you don’t do and don’t say send powerful signals to everybody in the organization observing you. Because we live in the midst of a communication revolution, the guidelines for communicating are changing dramatically. As much as you would like to treat communication as a logical, sequential, ongoing communication campaign, […]

NEW DELHI, Jan 3 (Reuters) – The operation continues to secure an Indian air base after a militant attack on Saturday, the Indian Air Force said on Sunday, while the government said it could not yet confirm that two remaining gunmen had been eliminated. read more >>> Source : Reuters

If you thought 2015 was the bottom for emerging market economies, think again. Things will only get worse for Brazil, Russia, India and China – otherwise known as the BRIC countries – in 2016. That is the year-end thought of Brian Kelly, founder of Brian Kelly Capital, a Connecticut-based investment firm. He sent Business Insider […]

The first week of 2016 starts with a bang: a full buildup to the Non-Farm Payrolls will provide us a view if the US economy can withstand higher interest rates. Inflation data in the euro-zone is the key for more easing and Chinese data will be watched as well. Liquidity and volume will be rising […]

NEW DELHI, Jan 3 (Reuters) – Another gunman was confirmed killed on Sunday in an operation to clear an Indian air base after a militant attack, a home ministry source told Reuters, bringing the total number of assailants eliminated to six. read more >>> Source : Reuters

Southerners struggle with heart disease at a much higher rate than the rest of the US, and according to new research it may have a lot to do with their wealth. Since the 1950s, the American South has experienced a disproportionate influx of wealth, and a new study from Richard H. Steckel and Garrett Senney […]

DUBAI, Jan 3 (Reuters) – Dubai’s Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday the New Year blaze would have “no material impact” on the company because the building and risk of fire are covered by its insurance. read more >>> Source : Reuters

The New Zealand dollar made its way higher in the holiday week. Can it continue rising? The milk auction is the only event on the kiwi calendar, but it’s certainly an important one. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. With no releases in New Zealand, the kiwi extended […]

High-tech delivery, vegetables, values and maybe even bugs are in, while anything artificial, tipping and the centre of grocery stores seem on the way out, in this look at the foods trends of 2016. read more >>> Source : CBC.Ca

This photo is of Wu Lin’an (on the left) giving stock investment advice to members of the public in a “street stock salon” in central Shanghai, China, earlier this year. Reuters described Wu’s investment strategy this way: “Wu, seeing himself as a senior player in stock investment, believes and advises others that the Chinese Communist […]

PATHANKOT, India, Jan 3 (Reuters) – Gunfire and blasts were heard on Sunday at an Indian Air Force base that was attacked by militants a day earlier, and TV channels reported two gunmen were still at large in the sprawling facility near the border with Pakistan. read more >>> Source : Reuters

Flood defences “overwhelmed” by recent record rainfall will be fixed and bolstered as part of a £40m package for Yorkshire, Prime Minister David Cameron says. read more >>> Source : BBC

Saudi Arabia has one of the best-funded defence forces in the Middle East. The kingdom spends 25% of its budget, or about $80 billion, on its military. That is about double what it spends on health and social development. It has been throwing its weight around recently, engaging in a war in Yemen and joining […]

NEW year job hunters could be held back by cliche slip-ups that recruiters complain about time and time again. read more >>> Source : The Daily Express

PATHANKOT, India, Jan 3 (Reuters) – A gold medal-winning Indian shooter was among 10 people killed in an audacious pre-dawn assault on an air force base, officials said on Sunday as troops worked to clear the compound near India’s border with Pakistan after a 15-hour gunbattle. read more >>> Source : Reuters

EUREKA, Mo., Jan 2 (Reuters) – Missouri Governor Jay Nixon on Saturday toured communities ravaged by flooding that killed at least 31 people in several states and forced large-scale evacuations, as the danger of rising waters shifted to Arkansas and beyond. read more >>> Source : Reuters

Taking an Uber on New Year’s Eve became a costly regret for passengers across Canada after surged rates on the busy night translated to exorbitant bills, with some riders charged hundreds of dollars to get home. read more >>> Source : CTVNews.Ca