Tag Archives: economics
What not to expect in 2017
by The Economist How the markets may take investors by surprise IF 2016 was a year of shocks, what will the next 12 months bring? It is time for the annual tradition (dating all the way back to 2015) when
Finance news you need to know today
HERE are five things making news in business and finance today. 1. SYDNEY — The Australian dollar has dropped against its US counterpart. The local currency was trading at 72.03 US cents at 0630 AEDT on Friday, down from 72.45
Oil Rises to 15-Month High on U.S. Supply Drop, OPEC Optimism
by Jessica Summers / Bloomberg Oil jumped to a 15-month high in New York after the government reported that U.S. crude inventories unexpectedly fell last week and Saudi Arabia’s energy minister said many nations are willing to join OPEC output cuts. Futures
A Victory Every Day with Rick Paulsen. Webinar
About Rick Paulsen Rick Paulsen joined NYL in 1982. Rick has qualified for Council 32 consecutive years in a row, qualifying for Chairman’s Council 30 times, and Chairman’s Council 9 times. Rick was the 2008 Council Vice President and 2012
Deutsche Bank in crisis: three things to think about
By FN Staff/ 10.01.16 Investors tire of Deutsche’s rollercoaster ride… Top investors have begun to insist Deutsche Bank needs a rescue, even though it insists it doesn’t want one, following a week of turmoil in which its shares see-sawed and
World Trade Set for Slowest Yearly Growth Since Global Financial Crisis
WTO cuts world trade growth forecast to 1.7% in 2016 By PAUL HANNON and WILLIAM MAULDIN Wall Street Journal Updated Sept. 27, 2016 5:16 p.m. ET World trade will this year grow at the slowest pace since the global
NEW LAW AIMS TO SIMPLIFY PAPERWORK FOR BUSINESSES CLAIMING STATE TAX REFUND
Businesses making installment payments on outstanding liabilities owed to the state Board of Equalization can now file a single claim for refunds that covers all prior and future overpayments of taxes, under a law signed Monday by Gov. Jerry Brown.
BENIOFF: I WOULD’VE PAID MORE THAN $26B FOR LINKEDIN
Salesforce CEO Marc Benioff would have bid as much as $26 billion for business networking site LinkedIn, VentureBeat reports, after parsing through a new LinkedIn securities filing. Dubbed “Party A” in the SEC filing, it’s clear that Benioff was willing
ADDRESSING THE UNCERTAINTY OF THE BREXIT VOTE
By now, most of us probably heard about UK voting to leave EU. There are many commentaries on this topic. One of the questions people are asking is this: Is there a chance that the UK could stay in the
BREXIT ‘EXTRAORDINARILY DANGEROUS’ FOR U.S. BANKS
Although fears of a possible vote by the United Kingdom to leave the European Union had been growing, most U.S. analysts and bankers believed the chances of the “Brexit” push succeeding were unlikely. But after Britain shocked the world by
ELIZABETH WARREN WANTS TO RESCUE YOUR STRANDED 401(K) PLAN
The typical American worker stays at a job for only four years. As many find out, switching employers can wreak havoc on your retirement plan. The U.S. Government Accountability Office estimates two in five employees cash out small 401(k) balances
AEROJET ROCKETDYNE REFINANCES DEBT.
Aerojet Rocketdyne Holdings Inc., the aerospace company that is one of the Sacramento area’s largest employers, said Monday that it will refinance its long-term debt, gaining financial flexibility and saving about $20 million a year in future interest payments. Aerojet’s
AMERICA’S UPPER MIDDLE CLASS IS THRIVING
The middle class may be feeling squeezed, but the upper middle class is enjoying good times. The upper middle class grew to 29.4% of the population in 2014, up from 12.9% in 1979, according to a new Urban Institute report.