Finance

These 2 states are in a tug-of-war for workers

A tug-of-war between two states seeking to attract businesses has cost hundreds of millions of taxpayer dollars, with practically no net job gains on either side to show for it. And there’s no signs of letting up, even as one of the states faces a wrenching budget crisis and businesses in both states say they don’t really need the money. ... Read More »

June jobs report: Will it put an end to recession fears?

Will the jobs report shock?Thursday, 7 Jul 2016 | 5:00 PM ET|04:34 The best of times may be over for now for job seekers, even though June’s critical employment report should show a substantial spring back in hiring, and the labor market remains fairly strong. Friday’s employment report is expected to show a rebound to 175,000 nonfarm payrolls, from May’s ... Read More »

More to oil’s wild moves than meets the eye

Oil markets have closed out a wild day. The EIA put out its (delayed) weekly inventory levels, and to make a long story short, there was a draw-down in oil inventories, but it was much less than most expected. Gasoline inventories barely budged. The oil market reaction? West Texas Intermediate (WTI) oil went from roughly $48 to $45, a drop ... Read More »

Attorney General Lynch: Dallas shootings ‘an unfathomable tragedy’

Attorney General Loretta Lynch on Friday called the attack in Dallas an “unfathomable tragedy.” “This has been a week of profound grief and heartbreaking loss,” Lynch said. Her comments come after at least one attacker shot 12 police officers, five fatally, during a Thursday night protest over deadly police shootings of black men elsewhere. The attorney general said she was ... Read More »

There’s a little-known EU rule that may stop the Brexit banking exodus

The U.K.’s decision to leave the EU last month has ignited fears of an exodus of banking talent from the City of London, but a little-known set of rules is being drafted that could well bypass post-Brexit barriers and allow access to the privileges the country had before. Implementation of the so-called Markets in Financial Instruments Directive II (MIFID II) ... Read More »

Wall Street is looking for a big rebound from what’s been a bad year

After six turbulent months, there’s good news for Wall Street banks, and there’s bad news. The good news first: it’s likely getting better. Of course, that comes as big banks try to rebound from the bad news: It’s been the worst start to a year, on a number of metrics, since the global financial crisis. Bankers say that despite the ... Read More »

New warning lights for rising home prices

Housing affordabilityWednesday, 22 Jun 2016 | 1:51 PM ET|01:46 Home prices are crossing the line again. After an epic housing crash, where values plummeted nationally by almost 35 percent, the nation is seeing new highs again. The median price of an existing home sold in May hit a record $239,700, according to the National Association of Realtors, which began tracking ... Read More »

Gold’s run is achieved — appearance out for a $three hundred drop: Wells Fargo strategist

Gold is probable to move lower back to its lows, even after starting the year off with a bang, consistent withWells Fargo’s head of actual asset strategy, John LaForge. His argument hinges on commodities tendencies that date again all of the way to 1800 and display what he calls “commodity undergo amazing cycles,” every of which lasts about twenty years. ... Read More »

The standoff over the transgender ‘lavatory invoice’ is costing tens of millions

The financial energy of the LGBT rights motion is set to be put to the check within the standoff over a so-called “toilet invoice” in North Carolina. LGBT advocates are renewing their requires boycotts after North Carolina legislators adjourned past dueFriday with out making great adjustments to the regulation, which calls for transgender human beings to apply public toilets and ... Read More »

Pershing Square Capital lays off eight personnel: Dow Jones

Pershing Square Capital Control is shedding 8 decrease–level employees, largely from lower back–officeroles in technology and investor offerings, resources told Dow Jones. Invoice Ackman, who runs the hedge fund, informed his staff this week that the cuts had not anything to do with the fund’s slumping overall performance, in line with the document. Alternatively, he attributed thechanges to improvements in ... Read More »