Could this be the biggest monetary policy meeting in years? July 30, 2019 The Federal Open Market Committee (FOMC) begin a two-day policy meeting today, the results of which are the most hotly anticipated in a long time. The market consensus is they’ll cut rates, but how likely is that? Stocks are currently at record higher, based on a certainty that short-term interest rates will be cut for [...]
Reckitt Benckiser cuts full-year guidance after ‘slow start to the year’ July 30, 2019 Consumer goods company Reckitt Benckiser cut its full-year revenue guidance today, blaming poor performance in its health division. The Nurofen-maker said it was cutting its 2019 net revenue target to plus two-to-three per cent like-for-like growth from a previous target of plus three-to-four per cent. For the first half the firm posted a like-for-like performance [...]
Unflappable Brooks Koepka shows why he’s world No1 and tees up intriguing FedEx Cup battle with Rory McIlroy July 29, 2019 Major wins may have been behind Brooks Koepka’s rise to world No1 but he was always going to start becoming more prolific across the board – he is just too good not to. The American underlined that fact in magnificent style on Sunday, winning only his third PGA Tour event outside of the Majors at [...]
Stop all that corporate drivel and get to the point July 29, 2019 Lots of recent heavy-duty research suggests that millennials and generation Z are different from other consumers. According to such studies, these younger generations care more about ethical issues and the environment, they want to know what their pensions and investments are being used for, and they want to buy from companies that have a higher [...]
Fed set to cut interest rates for first time in 10 years July 28, 2019 The US Federal Reserve is poised to cut interest rates for the first time in a decade when it meets this week in a preemptive effort to stave off the effects of trade tensions. Read more: US economic growth falls short of Trump’s target Market players think it is certain that the Fed will cut [...]
A mechanical wristwatch may be based on 19th-century principles – but that doesn’t mean it’s immune to innovation July 23, 2019 The idea of “new technology” in Swiss watchmaking seems rather oxymoronic – especially when you consider how much stock this rose-tinted industry places in heritage and hand craftsmanship. But as mechanical watches have reasserted themselves in recent decades, after near-decimation at the hands of quartz technology back in the 70s, the more forward-minded brands are [...]
Traders foresee small Fed interest rate cut July 21, 2019 The US Federal Reserve is set to lower interest rates for the first time in nearly a decade when it meets at the end of this month, although there is confusion about the size of the cut. Read more: ‘Faulty thought process’: Trump lashes out at the Fed Market participants now think it is certain [...]
Boris Johnson would do a ‘great job’ as Prime Minister, says Trump July 20, 2019 US President Donald Trump has given his support to Boris Johnson to become Prime Minister once again by insisting he would do “a great job” if elected next week. Trump also said the pair would have “a very good relationship” speaking to reporters in Washington. Read more: ‘Faulty thought process’: Trump lashes out at Fed [...]
‘Faulty thought process’: Trump lashes out at Fed – again July 19, 2019 US President Donald Trump renewed his attack on the Federal Reserve today, saying it is due to a “faulty thought process” that it has higher interest rates than other major central banks. Read more: Donald Trump takes credit for China slowdown Trump has long been a vocal opponent of Fed policy which he thinks is [...]
Gold hits six-year high as jittery investors run for safety July 19, 2019 Gold hit a six-year high today as impending central bank rate cuts and fears about the world economy sends investors running towards “safe-haven” assets. Read more: Stocks rally as hopes grow of Fed interest rate cut Bullion rose above $1,450 (£1,160) per ounce today, its highest price since mid-2013. Gold has climbed over six per [...]