UK Pound Slides as Brexit Uncertainty Sends Service Sector Reading to 2016 Low

UK Pound Slides as Brexit Uncertainty Sends Service Sector Reading to 2016 Low

The U.K. pound traded sharply lower against the U.S. dollar Tuesday after a key reading of activity in the country's services sector, the largest portion of the British economy, slowed to the lowest level in nearly three years last month amid the uncertainty surrounding Britain's exit from the European Union.

Bill Gross Retires From Janus Henderson to Focus on Charitable Trust

Bill Gross Retires From Janus Henderson to Focus on Charitable Trust

Bill Gross, one of the best known fixed income investors in the world, will retire from Janus Henderson to focus on managing his charitable foundation, the firm said Monday.

January Jobs Report an Early Test for Fed Chairman Powell's Rate Hike Patience

January Jobs Report an Early Test for Fed Chairman Powell's Rate Hike Patience

The Federal Reserve's recent rate hike retreat could face an early test Friday if job gains and wage growth, coupled with renewed progress in U.S.-China trade talks, ignites concerns of faster inflation in the world's biggest economy.

Does the Fed Know Something We Don't?

Does the Fed Know Something We Don't?

The Fed is bending over backward to be dovish.

Fed Leaves Interest Rates Unchanged, Pledges Patience on Future Hikes

Fed Leaves Interest Rates Unchanged, Pledges Patience on Future Hikes

The Federal Reserve made no changes to U.S. benchmark interest rates, now in a range between 2.25% and 2.5%, as monetary policy officials met this week for the first time in 2019.

Why GE Earnings Are Extremely Important for Income Investors

Why GE Earnings Are Extremely Important for Income Investors

This is one report where the real driver will be what the company says and the tone they take when saying it.

Stock-Picking Firms Invesco, Affiliated Prove Terrible Stock Picks

Stock-Picking Firms Invesco, Affiliated Prove Terrible Stock Picks

Even after an abysmal 2018, 16 big U.S. money managers could see earnings per share in 2019 fall another 5% on average, Jefferies estimates.

Once the Fed Starts Cutting, They Are Not Going to Stop

Once the Fed Starts Cutting, They Are Not Going to Stop

There is strong precedent for aggressive rate cuts once the Fed gets started.

Banks Slash U.S. Growth Forecasts as Shutdown Hits GDP

Banks Slash U.S. Growth Forecasts as Shutdown Hits GDP

Bank of America economists estimate that the 35-day-old partial U.S. government shutdown will shave 0.2 percentage points off first-quarter growth in gross domestic product.

Pennies on $100 Might Not Cut It Anymore for JPMorgan Depositors

Pennies on $100 Might Not Cut It Anymore for JPMorgan Depositors

Some Wall Street analysts are starting to warn that big banks like JPMorgan Chase might have to start paying higher rates on deposits to keep customers from defecting to smaller banks with better offers, or to online-only lenders that don't have to cover the costs of maintaining hundreds or thousands of branches.