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Wall Street veterans say rate-hike past is not prologue for markets

By Trevor Hunnicutt NEW YORK (Reuters) - It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. "People have a thirty-second memory," said Katz, 65, co-chairman at Evensky & Katz/Foldes Financial...
Dec 13, 2015 |
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For big business seeking CO2 emissions price, a ray of hope from Paris

By Nina Chestney and Barbara Lewis PARIS (Reuters) - For the most part, big business wanted one thing from the climate accord in Paris on Saturday: a price on carbon dioxide (CO2) emissions. Stronger language in the internationally agreed pact would have destroyed a fragile consensus, delegates said.
Dec 13, 2015 |
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Renault-Nissan's French peace deal leaves investors underwhelmed

The Renault-Nissan alliance drew a line under an eight-month power struggle with the French government on Friday, with a compromise deal balancing increased state influence at Renault with weakened control over its Japanese affiliate. The agreement, offering Nissan guarantees against future interference by parent Renault or its own biggest...
Dec 12, 2015 |
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China economy shows signs of steadying, more policy support needed

China's activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signaling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy. "Real interest rates are still high due to falling producer prices," Wang Jun, senior economist at the China...
Dec 12, 2015 |
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Volatility the surest bet in stocks after Fed meets

Stock market investors are ready for the first U.S. Federal Reserve interest rate hike in nearly a decade next week, but they may not be fully prepared for all of the nuanced remarks likely to accompany that announcement. If the Fed lays out an aggressive schedule of future rate increases, stock markets could become very volatile and even plummet,...
Dec 12, 2015 |
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U.S. consumers loosen purse strings as holidays start

U.S. consumers showed some muscle in November at the start of the holiday shopping season, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade. The outlook for consumer spending, which accounts for more than two-thirds of economic activity, got a lift from other...
Dec 12, 2015 |
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Goldman reigns supreme in record M&A year

As iconic brands are snapped up and corporations merged and swallowed in a record-breaking whirl of deals, there has been one constant: Goldman Sachs Group Inc . The Wall Street firm is once again top dog in the global M&A rankings, having advised on transactions worth close to $1.7 trillion this year, more than the annual economic output of...
Dec 12, 2015 |
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Dow, DuPont set $130 billion megamerger, could spark more deals

The "deal of three centuries," as Wells Fargo analyst Frank Mitsch dubbed it, will combine two of the biggest and oldest U.S. chemical producers in a prelude to a split into three publicly traded businesses, focusing on agriculture, materials and specialty products. Dow and DuPont shares fell on Friday after soaring earlier in the week...
Dec 11, 2015 |
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Wall St. on track for worst week in a month as oil falls

The International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no signs of slowing production. The steep drop in oil prices adds to investor uncertainty as the U.S. Federal Reserve prepares to raise interest rates for the first time since June 2006 at its meeting next week. Global shares were lower amid...
Dec 11, 2015 |
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Dish CEO Charlie Ergen steps down as president

(Reuters) - Dish Network Corp, the No. 2 U.S. satellite TV company by revenue, said CEO and co-founder Charlie Ergen will be relinquishing his post as president of the company.
Dec 11, 2015 |
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The Fed Awakens

Barring a shock, the Federal Reserve will raise U.S. interest rates on Wednesday for the first time since June 2006, a full year before the global financial crisis began. Data releases will meanwhile give clues to the robustness of other economies, some of which are seen as vulnerable to investment outflows as higher interest rates make U.S. assets...
Dec 11, 2015 |
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U.S. consumer spending gauge rises strongly; producer prices up

A gauge of U.S. consumer spending rose solidly in November, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade. Retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent after gaining 0.2 percent in October, the...
Dec 11, 2015 |
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Asia stocks head for weekly loss, China yuan hits four and half year low

Asian shares slumped on Friday, on track for a weekly loss as plunging crude prices heightened fears about receding global growth, while China's yuan hit its weakest level in more than four years. A supply glut in oil markets and cooling growth in China, the world's biggest commodities consumer, have pressured many asset markets ahead of...
Dec 11, 2015 |
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Fed to guide on rate hike path with fresh language, forecasts

Federal Reserve Chair Janet Yellen next week has to decide not only whether to raise interest rates for the first time in a decade, but also how to assure markets on the likely path of future rate hikes. The central bank has held short-term borrowing costs near zero for seven years and the last thing policymakers want is for their first rate hike...
Dec 11, 2015 |
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Activist pressure helps reshape U.S. corporates, from Yahoo to Dow

    Merger discussions between Dow Chemical and DuPont , two of the biggest and oldest names in the U.S. chemical industry, were prompted, at least in part, by activist investors.    The penchant for top-tier activists to target large U.S. companies is expected to gain traction, as the funds have growing pots of money to spend and need to put...
Dec 11, 2015 |
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VW says only small group to blame for emissions scandal

Volkswagen said on Thursday that only a small group of employees were responsible for cheating U.S. diesel emissions tests and there was no indication that board members were involved in the biggest business crisis in the firm's history. Chairman Hans Dieter Poetsch said investigations into the affair were going well, but the scandal was the...
Dec 10, 2015 |
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U.S. fines Fiat Chrysler $70 million over safety reporting lapses

The U.S. Department of Transportation said on Thursday it fined Fiat Chrysler Automobiles NV $70 million for failing to report vehicle crash deaths and injuries since 2003. Fiat Chrysler said it would pay the fine and pledged to change procedures to ensure proper reporting. Fiat Chrysler must turn over all crash reports it failed to disclose within...
Dec 10, 2015 |
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Fed says does not object to new Bank of America capital plan

The bank must continue to make steady progress toward sound risk-management and planning processes that are on a level with "the size and complexity of its operations and systemic importance," the Fed said on Thursday.
Dec 10, 2015 |
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Wall Street up as investors seek bargains

"The market is on a pause mode till we get some direction from the Fed," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh. As concerns regarding the global economy persist, all eyes will be on the Federal Reserve's meeting on Dec. 15-16, when it is expected to raise rates for the first time in...
Dec 10, 2015 |
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U.S. jobless claims at five-month high; import prices fall

The number of Americans filing for unemployment benefits rose to a five-month high last week, but this likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditions. The reports did not change views the Federal Reserve will raise interest rates next Wednesday for the first time in...
Dec 10, 2015 |
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Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More