These big companies had a terrible 2016
by Jethro Mullen CNN Money @CNNMoneyInvest It’s been a tumultuous year on many fronts. In the business world, some big names have gone through particularly grueling times in 2016. Here are the ones that we think had a year they’d
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
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
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
IT’S 1995 AGAIN for Dollar Traders Bracing for Trade War Trouble.
Back in 1995, an international trade dispute between the U.S. and Japan helped drive a 25 percent plunge in the dollar versus the yen. Now, with Hillary Clinton and Donald Trump heading into the November presidential election pledging to reshape
FBI WARNS BANKS TO CHECK FOR CYBER BREACHES
A private “Flash” message has been sent to US banks by the Federal Bureau of Investigation asking them to check their systems for signs of cyber attacks. The leaked report follows the enormous electronic robbery at the Bangladesh central bank
U.S. DOLLAR AWAKENS AHEAD OF YELLEN SPEECH
The strong dollar could be coming back very soon. After rallying last year, the dollar stumbled at the start of 2016. One key measure for the dollar, the ICE dollar futures index, fell on May 2 to its lowest point
CENTRAL BANKS AND THE MARKETS: ENABLING THE ADDICTION
TIME for equity investors to send Janet Yellen some champagne, or at least a bunch of flowers. Once again, markets are rising because of something that a central banker said. In a speech yesterday, Ms Yellen highlighted the complex relationship
STOCKS AT 2016 HIGHS AS OIL SURGES
Thursday the European Central Bank, better known as the ECB, said it was pushing its key deposit rate further into negative territory. It might seem far-fetched, but it actually makes sense – in theory. The Public Accounts Committee (PAC) said
THE WELL RUNS DRY
OIL PRICES have perked up a bit, but producers are still reeling from the slump in crude prices last year. The boss of Pemex, Mexico’s state-owned oil firm, said this week that the company faced a “liquidity crunch”. Malaysia’s state
JP MORGAN SETS ASIDE $500M FOR LOSSES ON ENERGY LOANS
Additional $500m (£357m) to cover potential losses from its exposure to the oil and gas sector. The increase is more than 60% of the funds the bank had already set aside. The announcement contrasts with its assertion in January that
FREE EXCHANGE: SLIGHT OF HAND.
IS THE job of central bankers more like that of technicians, carefully turning knobs as they fine-tune the economy, or magicians, manipulating the audience into the suspension of disbelief? Most of the time it is the former. Monetary maestros nudge
BUTTONWOOD: LIQUID LEAK.
ECONOMISTS have been a bit puzzled by the market turmoil of early 2016. It seems to be driven, in part at least, by fears of either an American recession, or a sharp Chinese slowdown, neither of which looks likely from
HOT TOPIC: FED DELIVERS VOTE OF CONFIDENCE IN THE U.S. ECONOMY
On December 16, the Federal Open Market Committee (FOMC) raised the benchmark federal funds rate to a range of 0.25% to 0.50%, the first increase from the near-zero range (0% to 0.25%) where it had lingered since December 2008. SHARESHARE|