Finance

Jerome Powell heads for his first interest rate increase as Federal Reserve chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for? Powell’s public comments and Reuters conversations with his Fed colleagues since January, when he was confirmed as
0 Comments
Billionaire Carl Icahn reported a greater than 6 percent stake in Rubbermaid parent Newell Brands, calling them undervalued, according to a regulatory filing on Friday. The activist investor said in a filing with the Securities and Exchange Commission that he intends to talk with Newell management about ways to “enhance shareholder value.” The filing also
0 Comments
The CEO of one of the largest cryptocurrency-linked companies in the world, said this week that the “winners” in the booming practice of initial coin offerings will come from the legal community. Initial coin offerings, often referred to as ICOs, are used as a means by some companies to raise funds. Investors exchange digital currency,
0 Comments
In spite of the troubles faced by regional banks, several analysts said now is a good time to pick up the country’s banking stocks. Nomura, for one, said Japan’s three mega-banks — Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group — are “highly undervalued.” “We are bullish on Japan’s major banks,”
0 Comments