Blogs
HSBC Announces 35,000 Job Cuts. U.S. Financial Sector Job Cuts In All Of 2019 Was Only 25,000
Article By:
Global Economic Intersection
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Thursday, February 20, 2020 8:15 AM EST
HSBC Group, the London-based investment bank, and financial services firm, announced it would cut 35,000 workers globally over the next three years in an effort to increase revenue and reduce risk-weighted assets by $100 billion.
Lloyds Jumps 2.5% Despite 26% Fall In Profits
Article By:
Fiona Cincotta
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Thursday, February 20, 2020 7:49 AM EST
Lloyds, the last of the big 4 banks to report full year earnings. To say the bar was set low would be an understatement.
In this article: LYG
Apple Warns On Coronavirus To Send Shockwaves Through Markets
Article By:
Adam Vettese
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Tuesday, February 18, 2020 6:50 PM EST
US markets were closed on Monday due to a public holiday, but investors still needed to keep a watchful eye after Apple delivered an update that is likely to be met with a major reaction when trading starts again on Tuesday.
Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant
Article By:
Tyler Durden
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Tuesday, February 18, 2020 9:10 AM EST
Franklin Resources Inc. announced Tuesday that it has entered into a definitive agreement to acquire Legg Mason, Inc. for $50 per share, or about $4.5 billion, in an all-cash deal.
Apple Warning Sends Risk Tumbling
Article By:
Boris Schlossberg
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Tuesday, February 18, 2020 7:42 AM EST
Equities and risk FX were lower in Asian and European trade today, with Aussie once again hitting decade long lows as Apple warned that they no longer can stand behind their Q1 guidance given the problems with the workforce due to the coronavirus.
HSBC To Cut 35,000 Jobs, Shed $100 Billion In Assets As Profits Plunge
Article By:
Tyler Durden
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Tuesday, February 18, 2020 7:26 AM EST
Banks around the world are supposed to benefit the most from central banks inflating assets, and hyperinflating stock markets, but over the past few years, central banks have instead caused some of the biggest bank job cuts in half a decade.
In this article: HSBC
Fed Continues On High Side Of Sideways In Stimulus Since End Of 2019
Article By:
Harry Dent
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Monday, February 17, 2020 4:51 AM EST
The printing of money to buy repos and T-bills reached a peak of $424 billion in late December and has moved sideways since and was at $418 billion last Thursday.
In this article: NDX
E US Government Escalates Trade Hostility
Article By:
Gary Anderson
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Sunday, February 16, 2020 8:48 PM EST
The United States government initiated two troubling escalations against Chinese communications company Huaweii. Is the US turning against free trade and capitalism?
Gold Continues Its Bull Market Advance
Article By:
Mark Lundeen
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Sunday, February 16, 2020 3:55 AM EST
Are you wondering how long the Dow Jones can continue advancing? Maybe the question you should be asking is how long can the FOMC continue its"Not QE#4" (quantitative easing 4) without causing a panic in the financial markets.
You Shouldn’t Miss The Cupom
Article By:
Jeffrey P. Snider
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Friday, February 14, 2020 5:03 AM EST
There were rumors that Banco (central) do Brasil was intervening or was going to intervene in its local currency markets, which may be an important signal.
3 Top Dividend Stocks That Will Pay You At Least 6%
Article By:
Garrett Baldwin
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Friday, February 14, 2020 4:30 AM EST
The novel coronavirus continues to paralyze markets, fueling safe-haven assets. And the 10-year U.S. Treasury bond pays a paltry 1.61%. If markets do retreat again, we could see that interest rate fall below 1.5%.