UK Moves To Support Large Banks

UK Moves To Support Large Banks

U.S. Dollar Trading (USD) remained relatively unchanged against the majors with the market searching for direction. USD/JPY moves are creating a distortion in the market with risk aversion as a theme failing to impact as it once did. Weak/Strong US stocks are thus impacting the direction of EUR/USD and GBP/USD much less than usual with EUR/JPY and GBP/JPY failing to respond. Economic data overnight was weak with January Core Durable Goods Orders falling -5.2% vs. -2.5% forecast. Weekly Jobless also increased to 639K vs. 620k previously. Crude Oil closed up $2.72 ending the New York session at $45.22 per barrel. In US share markets, the Nasdaq was down -33 points or -2.38% whilst the Dow Jones fell -88 points or -1.22%. Looking ahead, Q4 GDP is forecast to be revised to -5.4% vs. -3.8%.

UK Moves To Support Large Banks

UK Moves To Support Large Banks

U.S. Dollar Trading (USD) remained relatively unchanged against the majors with the market searching for direction. USD/JPY moves are creating a distortion in the market with risk aversion as a theme failing to impact as it once did. Weak/Strong US stocks are thus impacting the direction of EUR/USD and GBP/USD much less than usual with EUR/JPY and GBP/JPY failing to respond. Economic data overnight was weak with January Core Durable Goods Orders falling -5.2% vs. -2.5% forecast. Weekly Jobless also increased to 639K vs. 620k previously. Crude Oil closed up $2.72 ending the New York session at $45.22 per barrel. In US share markets, the Nasdaq was down -33 points or -2.38% whilst the Dow Jones fell -88 points or -1.22%. Looking ahead, Q4 GDP is forecast to be revised to -5.4% vs. -3.8%.

UK Moves To Support Large Banks

UK Moves To Support Large Banks

U.S. Dollar Trading (USD) remained relatively unchanged against the majors with the market searching for direction. USD/JPY moves are creating a distortion in the market with risk aversion as a theme failing to impact as it once did. Weak/Strong US stocks are thus impacting the direction of EUR/USD and GBP/USD much less than usual with EUR/JPY and GBP/JPY failing to respond. Economic data overnight was weak with January Core Durable Goods Orders falling -5.2% vs. -2.5% forecast. Weekly Jobless also increased to 639K vs. 620k previously. Crude Oil closed up $2.72 ending the New York session at $45.22 per barrel. In US share markets, the Nasdaq was down -33 points or -2.38% whilst the Dow Jones fell -88 points or -1.22%. Looking ahead, Q4 GDP is forecast to be revised to -5.4% vs. -3.8%.

UK Moves To Support Large Banks

UK Moves To Support Large Banks

U.S. Dollar Trading (USD) remained relatively unchanged against the majors with the market searching for direction. USD/JPY moves are creating a distortion in the market with risk aversion as a theme failing to impact as it once did. Weak/Strong US stocks are thus impacting the direction of EUR/USD and GBP/USD much less than usual with EUR/JPY and GBP/JPY failing to respond. Economic data overnight was weak with January Core Durable Goods Orders falling -5.2% vs. -2.5% forecast. Weekly Jobless also increased to 639K vs. 620k previously. Crude Oil closed up $2.72 ending the New York session at $45.22 per barrel. In US share markets, the Nasdaq was down -33 points or -2.38% whilst the Dow Jones fell -88 points or -1.22%. Looking ahead, Q4 GDP is forecast to be revised to -5.4% vs. -3.8%.

UK Moves To Support Large Banks

UK Moves To Support Large Banks

U.S. Dollar Trading (USD) remained relatively unchanged against the majors with the market searching for direction. USD/JPY moves are creating a distortion in the market with risk aversion as a theme failing to impact as it once did. Weak/Strong US stocks are thus impacting the direction of EUR/USD and GBP/USD much less than usual with EUR/JPY and GBP/JPY failing to respond. Economic data overnight was weak with January Core Durable Goods Orders falling -5.2% vs. -2.5% forecast. Weekly Jobless also increased to 639K vs. 620k previously. Crude Oil closed up $2.72 ending the New York session at $45.22 per barrel. In US share markets, the Nasdaq was down -33 points or -2.38% whilst the Dow Jones fell -88 points or -1.22%. Looking ahead, Q4 GDP is forecast to be revised to -5.4% vs. -3.8%.

UK Moves To Support Large Banks

UK Moves To Support Large Banks

U.S. Dollar Trading (USD) remained relatively unchanged against the majors with the market searching for direction. USD/JPY moves are creating a distortion in the market with risk aversion as a theme failing to impact as it once did. Weak/Strong US stocks are thus impacting the direction of EUR/USD and GBP/USD much less than usual with EUR/JPY and GBP/JPY failing to respond. Economic data overnight was weak with January Core Durable Goods Orders falling -5.2% vs. -2.5% forecast. Weekly Jobless also increased to 639K vs. 620k previously. Crude Oil closed up $2.72 ending the New York session at $45.22 per barrel. In US share markets, the Nasdaq was down -33 points or -2.38% whilst the Dow Jones fell -88 points or -1.22%. Looking ahead, Q4 GDP is forecast to be revised to -5.4% vs. -3.8%.

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. CPI (Jan) Actual 0.3%, Expected 0.2%, Previous -0.8%

U.S. Core CPI (Jan) Actual 0.2%, Expected 0.1%, Previous 0.0%

Release Explanation: The CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore gives an overall read of inflationary pressures. It is the most widely used Inflation indicator of central banks, institutions, and governments. It is used to calculate cost of living numbers for government programs. Each regional central bank will have their own CPI target rate, and each will differ in line with the way they individually want to control the aspects of their own economies.

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. CPI (Jan) Actual 0.3%, Expected 0.2%, Previous -0.8%

U.S. Core CPI (Jan) Actual 0.2%, Expected 0.1%, Previous 0.0%

Release Explanation: The CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore gives an overall read of inflationary pressures. It is the most widely used Inflation indicator of central banks, institutions, and governments. It is used to calculate cost of living numbers for government programs. Each regional central bank will have their own CPI target rate, and each will differ in line with the way they individually want to control the aspects of their own economies.

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. CPI (Jan) Actual 0.3%, Expected 0.2%, Previous -0.8%

U.S. Core CPI (Jan) Actual 0.2%, Expected 0.1%, Previous 0.0%

Release Explanation: The CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore gives an overall read of inflationary pressures. It is the most widely used Inflation indicator of central banks, institutions, and governments. It is used to calculate cost of living numbers for government programs. Each regional central bank will have their own CPI target rate, and each will differ in line with the way they individually want to control the aspects of their own economies.

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. CPI (Jan) Actual 0.3%, Expected 0.2%, Previous -0.8%

U.S. Core CPI (Jan) Actual 0.2%, Expected 0.1%, Previous 0.0%

Release Explanation: The CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore gives an overall read of inflationary pressures. It is the most widely used Inflation indicator of central banks, institutions, and governments. It is used to calculate cost of living numbers for government programs. Each regional central bank will have their own CPI target rate, and each will differ in line with the way they individually want to control the aspects of their own economies.

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. CPI (Jan) Actual 0.3%, Expected 0.2%, Previous -0.8%

U.S. Core CPI (Jan) Actual 0.2%, Expected 0.1%, Previous 0.0%

Release Explanation: The CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore gives an overall read of inflationary pressures. It is the most widely used Inflation indicator of central banks, institutions, and governments. It is used to calculate cost of living numbers for government programs. Each regional central bank will have their own CPI target rate, and each will differ in line with the way they individually want to control the aspects of their own economies.

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. Inflation Rose In January But Was Unchanged For The Year

U.S. CPI (Jan) Actual 0.3%, Expected 0.2%, Previous -0.8%

U.S. Core CPI (Jan) Actual 0.2%, Expected 0.1%, Previous 0.0%

Release Explanation: The CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore gives an overall read of inflationary pressures. It is the most widely used Inflation indicator of central banks, institutions, and governments. It is used to calculate cost of living numbers for government programs. Each regional central bank will have their own CPI target rate, and each will differ in line with the way they individually want to control the aspects of their own economies.

Report: Cuomo eyeing Merrill bonuses

New York attorney general Andrew M. Cuomo has his eye on recovering the $4 billion in bonuses distributed by Merrill Lynch just before its acquisition by Bank of America., according to Bloomberg.

Merrill’s bonuses were distributed in December — a month earlier than usual. Then, on Jan. 16, the firm reported a record $15.3 billion loss for the fourth quarter.

Mr. Cuomo wants to know how much Bank of America chief executive Kenneth Lewis knew about the bonuses and the losses, a source told Bloomberg.

Report: Cuomo eyeing Merrill bonuses

New York attorney general Andrew M. Cuomo has his eye on recovering the $4 billion in bonuses distributed by Merrill Lynch just before its acquisition by Bank of America., according to Bloomberg.

Merrill’s bonuses were distributed in December — a month earlier than usual. Then, on Jan. 16, the firm reported a record $15.3 billion loss for the fourth quarter.

Mr. Cuomo wants to know how much Bank of America chief executive Kenneth Lewis knew about the bonuses and the losses, a source told Bloomberg.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.

Ric Edelman to become president of SMH

Financial adviser Ric Edelman, the popular syndicated radio talk show host and author, has been appointed president of Houston-based Sanders Morris Harris Group Inc. as part of a deal to increase its holdings in his firm.

Investment firm Sanders Morris will pay $25 million in cash and will issue a promissory note for an additional $10 million, payable within a year, to Fairfax, Va.-based Edelman Financial Advisors LLC, thus increasing its stake in the firm to 76%, from 66%, according to a Jan. 30 filing with the Securities and Exchange Commission.