federal-reserve
The identity crisis that led to Yahoo’s demise
July 26, 2016 by publisher · Leave a Comment
By Jonathan Weber and Jeffrey Dastin SAN FRANCISCO (Reuters) – When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. Then they were asked to …
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The identity crisis that led to Yahoo’s demise
federal-reserve
Fed seen holding rates steady as inflation watch continues
July 26, 2016 by elegant · Leave a Comment
By Ann Saphir SAN FRANCISCO (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation. Central to the debate at the Fed's July 26-27 policy meeting will be how to reconcile upbeat U.S. economic data, highlighted by strong job gains in June, with a global growth slowdown and other …
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Fed seen holding rates steady as inflation watch continues
federal-reserve
Financial stability should not become Fed’s third mandate: Mester
July 12, 2016 by creative · Leave a Comment
Maintaining stability in financial markets should not be an explicit goal for the Federal Reserve, which should use interest rates to head off a crisis only if more precise and better-suited tools fail, a top Fed official said on Tuesday. “If our macroprudential tools proved…
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Financial stability should not become Fed’s third mandate: Mester
federal-reserve
NY Fed, Bangladesh Bank meeting on heist postponed: sources
July 12, 2016 by admin · Leave a Comment
A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank's account at the Fed has been postponed, officials in Dhaka said. A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee Hassan, who also heads …
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NY Fed, Bangladesh Bank meeting on heist postponed: sources
federal-reserve
U.S. economy posts largest job gains in eight months in June
July 9, 2016 by publisher · Leave a Comment
U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve will probably not raise interest rates soon. The sign of strength in the economy, however, precedes Britain's stunning vote last month to leave the European Union. “For the Fed, this report is likely to offer some encouragement…
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U.S. economy posts largest job gains in eight months in June
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Fed’s Fischer watching how quickly Brexit unfolds: CNBC
July 3, 2016 by creative · Leave a Comment
The U.S. economy has shown signs of improvement in recent weeks but the Federal Reserve expects it will take some time before it can assess the impact of Britain's vote to leave the European Union, Fed Vice Chair Stanley Fischer said on Friday. A June 3 report showing a sharp slowdown in hiring during May and the risks around…
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Fed’s Fischer watching how quickly Brexit unfolds: CNBC
federal-reserve
Berkshire seeks to boost its Wells Fargo stake above 10 percent
July 3, 2016 by elegant · Leave a Comment
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny. According to papers obtained by Reuters on Friday, Berkshire said it learned in mid-March that its Wells
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Berkshire seeks to boost its Wells Fargo stake above 10 percent
federal-reserve
Top U.S. regulators say financial system functioning in ‘orderly manner’
June 25, 2016 by elegant · Leave a Comment
U.S. financial regulators on Friday said the country's financial system is functioning in an “orderly manner” after Britain voted to leave the European Union and sent markets around the globe reeling. The Financial Stability Oversight Council – which includes the heads of the U.S. Treasury, Securities and Exchange Commission and Federal Reserve – “noted that the U.S. financial system continues to function in an orderly manner, and that the Council will continue to monitor ongoing developments
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Top U.S. regulators say financial system functioning in ‘orderly manner’
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U.S. jobless claims near 43-year low; new home sales decline
June 23, 2016 by elegant · Leave a Comment
The number of Americans filing for unemployment benefits fell last week to near a 43-year low, suggesting labor market resilience even though hiring slowed sharply in May. The drop in jobless claims could give Federal Reserve officials more confidence that job growth will pick up. “Overall labor market conditions are not as bad as one might assume based on May's non-farm payroll print alone,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.
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U.S. jobless claims near 43-year low; new home sales decline
federal-reserve
Brexit helped keep Fed on hold, could slow future U.S. rate rises
June 16, 2016 by elegant · Leave a Comment
Federal Reserve Chair Janet Yellen left U.S. interest rates unchanged on Wednesday, citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European
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Brexit helped keep Fed on hold, could slow future U.S. rate rises