Post-Fed surge in inflation expectations spells pain for global bond bulls, says analyst

Last week’s moves by the Federal Reserve and the European Central Bank to set the path for easier monetary policy going forward helped bolster expectations for increased inflation despite global economic growth headwinds. With bond-market bulls looking to benefit from the economic pessimism implied by calls for looser central-bank policy along with a protracted trade war, some say investors who […]

Read more

Ethiopia’s prime minister says military chief killed, regional coup failed

Ethiopia’s military chief was shot to death by his bodyguard amid a failed coup attempt against a regional government north of the capital, Addis Ababa, the prime minister said Sunday. The abortive coup Saturday in the Amhara region was led by a high-ranking military officer and others in the armed forces, said Prime Minister Abiy Ahmed, who addressed the nation […]

Read more

PayPal COO exit is ‘manageable’ though not ideal, analyst says

Is PayPal Holdings Inc. ready to lose a key executive? The payments company announced late Thursday the “planned” departure of Chief Operating Officer Bill Ready, who will step down from the role in mid-July to “pursue entrepreneurial interests” but remain at PayPal PYPL, -1.65% through the end of the year to ease the transition. Analysts found Ready’s decision to leave PayPal […]

Read more

S&P 500 hits first intraday record since May as Fed abandons ‘patience’

U.S. stock indexes Thursday extended gains to a fourth straight day, testing fresh records after the Federal Reserve signaled that policy easing may be forthcoming to sustain the economy. The Dow Jones Industrial Average DJIA, +0.79%rose 232 points, or 0.9%, at 27,735, marking its highest trading level since Oct.3. The S&P 500 index SPX, +0.77% gained 27 points, or 0.9%, […]

Read more

Asian markets rise as Fed leaves itself wiggle room, hopes for trade talks rekindled

Asian markets gained in early trading Thursday, after the U.S. Federal Reserve kept interest rates unchanged but indicated it is ready to make ease monetary policy if needed. The Fed said it will “closely monitor” the economy given increasing uncertainty about government policy, though it signaled it may not need to lower rates before 2020. But Chairman Jerome Powell indicated […]

Read more

Two ‘insurance’ rate cuts from Fed in ’90s produced no big shocks to corporate bonds, Goldman Sachs says

Investors are counting on the Federal Reserve to cut benchmark rates to keep the U.S. economy humming. But if the past holds true, corporate bonds are likely to see only a modest reaction if rates are lowered pre-emptively, Goldman Sachs said in a new report. There have been only two “mid-cycle” rate cuts in the U.S. in past three decades […]

Read more

Think you’ve got the smarts to be a financial analyst? Take this quiz to find out.

Thousands of people around the world are hoping they have what it takes to be a chartered financial analyst. Could you be one of them? A record 250,000 candidates will sit for the three exams required to become a chartered financial analyst this weekend, across 95 markets around the globe, according to Bloomberg. That’s 11% more people than previous year. […]

Read more

Here’s who keeps investors abreast of the opaque leveraged loan market and possible systemic risk

Investor protections in loan documents are deteriorating and global regulators are taking notice. Amid this stepped-up scrutiny, research service Covenant Review has been sounding the alarm on covenants in loans issued to debt-laden companies since the 2008 recession. Financial watchdogs say the deterioration in covenants required by lenders could result in steep losses for investors during an economic downturn and […]

Read more
1 2 3 52