Financial Markets Report - Transforming Money Into Wealth
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Financial Markets Report  - Transforming Money Into Wealth
The Most Trusted Newswire on Finance and the Markets
Curated by Enzo Calamo
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February 25, 2016 10:52 AM
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Strong U.S. durable goods orders offer hope for manufacturing | Reuters

Strong U.S. durable goods orders offer hope for manufacturing | Reuters | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
New orders for long-lasting U.S. manufactured goods in January rose by the most in 10 months as demand picked up across the board, offering a ray of hope for the downtrodden manufacturing sector.
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February 25, 2016 10:47 AM
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Fed's Lockhart Says Rising Rates to Create Risks for U.S. Banks

Fed's Lockhart Says Rising Rates to Create Risks for U.S. Banks | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Federal Reserve Bank of Atlanta President Dennis Lockhart said rising U.S. interest rates could undermine bank profits while their exposure to commercial real-estate also remains a risk.
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February 25, 2016 10:41 AM
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Here’s How Electric Cars Will Cause the Next Oil Crisis

Here’s How Electric Cars Will Cause the Next Oil Crisis | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
A shift is under way that will lead to widespread adoption of EVs in the next decade.
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February 24, 2016 9:45 AM
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Oil falls nearly 4% on Saudi remarks, stockpiles

Oil falls nearly 4% on Saudi remarks, stockpiles | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Crude prices fell after Saudi Arabia's oil minister ruled out production cuts and an industry report said U.S. crude stockpiles hit a record.
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February 24, 2016 9:24 AM
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China GDP: No one believes China's growth, but...

China GDP: No one believes China's growth, but... | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
No one believes China's economy is growing at 6.9%. But it doesn't seem as bad as people thought over the summer. But beware the coming 'debt bomb.'
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February 24, 2016 9:17 AM
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Oil still has a chokehold on the stock market

Oil still has a chokehold on the stock market | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Oil is falling again and so are stocks. So far in 2016, oil and the S&P 500 have moved together 87% of the time.
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February 24, 2016 9:12 AM
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Airbnb faces headaches in booming Japanese market

Airbnb faces headaches in booming Japanese market | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
The number of Airbnb guests in Japan surged 500% last year, but the startup's explosive growth isn't popular with everyone.
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February 24, 2016 9:07 AM
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Iran calls Saudi oil production freeze a 'joke'

Iran calls Saudi oil production freeze a 'joke' | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
The Saudi-led idea to freeze oil production is a 'joke,' Iran's top oil official said on Tuesday, according to Iranian state TV.
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February 23, 2016 11:34 AM
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Saudi's Naimi: Oil production cuts won't happen

Saudi's Naimi: Oil production cuts won't happen | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Saudi oil minister Ali Ibrahim Naimi says producers will hopefully reach an output freeze deal, but production cuts will not happen.
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February 22, 2016 3:56 PM
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Almost everyone this top Citi strategist talked to in Asia thinks the global economy is a black hole

Almost everyone this top Citi strategist talked to in Asia thinks the global economy is a black hole | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Investors are bearish, really bearish.
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February 22, 2016 11:08 AM
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Canadian oil production growth could come to ‘complete standstill,’ IEA warns

Canadian oil production growth could come to ‘complete standstill,’ IEA warns | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Canadian oilsands growth is likely to freeze after the projects under construction come on stream, threatening
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February 22, 2016 10:46 AM
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C$ strengthens as oil prices rally, risk appetite firms | Business | Reuters

TORONTO (Reuters) - The Canadian dollar rose against its U.S.
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February 22, 2016 10:45 AM
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Futures higher as oil prices surge | Business | Reuters

(Reuters) - Canada's main stock index looked set to open higher on Monday as oil prices rose after the International Energy Agency said it expected U.S. shale production to fall this year and next.
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February 22, 2016 10:33 AM
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The U.S. States Where Recession Is Already a Reality

The U.S. States Where Recession Is Already a Reality | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.
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February 20, 2016 6:41 PM
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JPMorgan's Michele: Fear replacing greed

JPMorgan's Michele: Fear replacing greed | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
If things in the marker seem scary, maybe that’s because they are scary. That’s the message from one widely followed fixed income investor.
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February 19, 2016 3:33 PM
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Canada's Share Of U.S. Imports Lowest Since Free Trade Began

Canada's Share Of U.S. Imports Lowest Since Free Trade Began | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
America doesn’t need Canada anymore — at least not nearly like it used to.
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February 19, 2016 3:16 PM
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The Stressed-Out Oil Industry Faces an Existential Crisis

The Stressed-Out Oil Industry Faces an Existential Crisis | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
The Saudis may go public, OPEC’s in disarray, the U.S. is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them.
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February 19, 2016 3:14 PM
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Lagarde wins second term as IMF head

Lagarde wins second term as IMF head | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Christine Lagarde will serve a second term as head of the International Monetary Fund, the executive board announced Friday.
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February 19, 2016 3:12 PM
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Trader who called for $26 oil now predicts this

Trader who called for $26 oil now predicts this | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
When oil was trading above $40, Todd Gordon predicted it would fall to $26 — which it did, exactly. Here's what he sees ahead for the battered commodity.
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February 19, 2016 3:10 PM
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The American city with a $5.7B pension crisis

The American city with a $5.7B pension crisis | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
It has been branded one of the worst-funded pension funds in the U.S. The Financial Times reports.
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February 18, 2016 9:21 AM
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US industrial output surged 0.9 percent in January

US industrial output surged 0.9 percent in January | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Industrial production rose in January after three straight months of declines, buoyed by a strong utilities index and growing manufacturing sector.
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February 17, 2016 9:48 AM
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There's One Place Where OPEC Can't Broker an Oil Deal: Texas

There's One Place Where OPEC Can't Broker an Oil Deal: Texas | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful -- and that’s a big if -- the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce.
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February 17, 2016 9:37 AM
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35% of drillers at high risk of bankruptcy: Report

35% of drillers at high risk of bankruptcy: Report | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
More than a third of exploration and production companies — about 175 firms — are at high risk of falling into bankruptcy, Deloitte reports.
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February 17, 2016 9:35 AM
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Puerto Rico says its solvency is 'doubtful'

Puerto Rico says its solvency is 'doubtful' | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Puerto Rico's government cited "substantial doubt" about its ability to continue as a going concern and said there is a threat to government services.
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February 17, 2016 9:33 AM
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Larry Summers: Time to scrap $100 bill

Larry Summers: Time to scrap $100 bill | Financial Markets Report  - Transforming Money Into Wealth | Scoop.it
Former chief economist of the World Bank Larry Summers is backing calls for removing the 500 euro and $100 bills from circulation.
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Curated by Enzo Calamo
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.