Markets await decision from Fed’s meeting – New York Report September 13, 2015 WITH stocks already in a corrective phase on Wall Street, this week’s long-awaited Federal Reserve meeting may not spur a wild market reaction, even if the central bank hikes rates for the first time in almost a decade. Economists are about equally split on whether the long-awaited move will come, though futures market trades are [...]
US rate hike? Wall Street analysts divided over Federal Reserve’s upcoming interest rate decision September 13, 2015 As the Federal Reserve’s pivotal decision on US interest rates looms closers, Wall Street analysts remain divided on the likely outcome. To hike or not to hike? The Fed’s big decision is coming up quick, with the interest rate-setting meeting just days away, and a Bloomberg survey of analysts showed that half are expecting a [...]
The UK’s calorie consumption keeps falling – but we’re getting fatter: Obesity crusaders are only focusing on calories-in rather than calories-out September 11, 2015 Last month, Royal Holloway University released a new study which received zero media attention. Looking at trends in Britain in the last 30 years, it found ‘a sharp reduction in the strenuousness of daily life’ while noting that ‘calorie intake has fallen by around 20 per cent.’ This occurred at a time when obesity rates [...]
Londoners spend an entire working week commuting – every year September 11, 2015 Think your commute to work is miserably long? It’s when you add it all up that it really gets depressing, as new figures show that Londoners spend an entire working week commuting – every year. The capital’s workers spend 107 hours every year travelling, making it by far the worst commute in the country, according [...]
All eyes on Fed after BoE leaves rates unchanged September 11, 2015 INVESTORS are turning their attention to the Federal Reserve, after the Bank of England left interest rates unchanged yesterday, saying that the threat to the world economy from China’s stock-market slump did not signal a slowdown for Britain. The Monetary Policy Committee (MPC) voted 8-1 to keep rates unchanged at a record-low 0.5 per cent, broadly [...]
Why the Fed should stick to its guns: The case for raising interest rates this month September 10, 2015 The Bank of England Monetary Policy Committee (MPC) held rates at 0.5 per cent yesterday for the 78th meeting in a row – no surprise about that. Ian McCafferty remains the lone hawk voting for an immediate rise. The rest of the Committee members are sticking to the line that we’ll need to [...]
Occupy London protesters take on the Feds over iPhone surveillance claims during St Paul’s siege September 9, 2015 Meanwhile in the City, Occupy London’s protesters are taking on the Feds, with lawyers for the group demanding to know whether police used anti-terrorism powers to interfere with the hippies’ Macbooks and iPhones during their siege of St Paul's. Matthew Varnham, director of Legal Observers, claims that the revolutionaries “faced various technical issues with [...]
Notion that Rickie Fowler is the most overrated golfer on the PGA Tour is nonsense September 9, 2015 America's Rickie Fowler topped a poll of the most overrated golfers on the PGA Tour in May – what a load of nonsense. In the same week as that insulting poll he went on to beat Sergio Garcia and Kevin Kisner in a play-off to claim the Players Championship at Sawgrass in the most [...]
Sell in May and go away: Advice to bank on? September 8, 2015 AFTER global equities tumbled this summer over fears of a Chinese slow-down and in anticipation of a Fed rate hike, investors might have done well to heed the advice of one old City adage: “Sell in May and go away, don’t come back till St Leger Day.” The saying urges investors to sell off UK [...]
Why China is still weighing on the US Fed – eToro Tips & Picks September 7, 2015 China moved to stem the heavy selling that has dominated the last few weeks yesterday. However, the move failed to calm markets, with Chinese indices falling yet again. The further selling came as the Chinese government also downgraded the country’s 2014 growth rate estimate to 7.3 per cent. Many, however, believe the actual growth [...]