With its high dividend yield, Manulife investors are paid well to be patient.
The Federal Reserve's monetary-policy committee, after a two-day meeting that culminates on Wednesday, is likely to scrap a pledge for 'patience' on setting interest rates, paving a way for a rate reduction in July, according to economists at Deutsche Bank.
Builders started 1.269 million new home-construction projects during May, the Census Bureau says, down from the prior month's 1.29 million. But the figure for housing starts still exceeded Wall Street expectations for 1.245 million new projects in May.
Jim Cramer weighs in on President Trump's tweets over the weekend, whether or not Boeing can be trusted after CEO Dennis Muilenburg admitted that the company made a mistake and a survey from Wall Street Journal and NBC found consumers hesitant to board the 737 Max. Cramer wraps it up with a look into Facebook's cryptocurrency push.
The firm now has a neutral rating on shares of the prepaid card processing service provider.
The bank, Germany's largest, is said to be planning to 'shrink or shut its U.S. equity and trading businesses,' according to a report in the Financial Times.
Goldman Sachs Group is consolidating several separate units involved in so-called 'hard-to-access' deals, reports the Wall Street Journal.
Watch the video interview with Bruce Van Saun, who believes Washington D.C. can focus more on strengthening the current positive economic environment.
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