Investor Alert

London Markets Close in:

Economy and Politics

/conga/economy-politics/main.html 369764

More economy & politics headlines

Map: Where the economic recovery in the U.S. has taken hold... and where it hasn’t

Political chaos aside, the stock market is still booming and the U.S. economy has entered into its ninth year of expansion, with levels of employment and GDP roaring back to prerecession levels.

33 min ago
Trump accuses Graham of ‘disgusting lie’ about Charlottesville comments | Lobbyists see hard road for tax reform

President Donald Trump accuses Sen. Lindsey Graham of a “disgusting lie” over his Charlottesville comments; lobbyists see a hard road for tax reform; what Steve Bannon said about war with China; and more.

42 min ago
Leading indicators offer more evidence U.S. economy shows no sign of slowing

A broad measure of how well the U.S. economy is performing climbed again in July and signaled potentially faster growth in the final six months of 2017.

45 min ago
Industrial output gets boost in July from utilities, but car makers are a drag again

Industrial production rose in July for the second month in a row, spearheaded by a large increase in output at utilities to cool U.S. homes, the Federal Reserve reports Thursday.

54 min ago
Mortgage rates resume free fall as ‘uncertainty’ swirls

Rates for home loans remain subdued thanks to investor appetite for safe-haven assets like bonds

10:00 a.m. Today
Philadelphia Fed factory gauge eases but hints at future strength in August

A manufacturing index was little changed, but its details pointed at future growth in an August reading.

9:14 a.m. Today
U.S. jobless claims fall to six-month low of 232,000

The number of Americans who sought unemployment benefits in mid-August fell to the lowest level in six months, mirroring the strongest U.S. labor market in almost two decades. Initial jobless claims in the period running from Aug. 6 to Aug. 12 declined by 12,000 to 232,000.

9:10 a.m. Today
Trump’s pro-business agenda at risk after corporate America abandons president

Business leaders on Wednesday fled en masse from a pair of President Trump’s advisory boards, a big setback for a pro-business president who based his campaign on boosting the economy.

8:51 a.m. Today
SEC, DOJ charge seven with insider trading off stolen bank data

SEC trade surveillance caught activity even though traders allegedly attempted to evade detection by using shell companies, code words, and an encrypted, self-destructing messaging application.

8:47 a.m. Today
This is the lesson the stock market has learned from Charlottesville

There’s no net price to pay for investors, CEOs and even politicians to defy President Trump anymore, and no reason to bet on his success, writes Tim Mullaney.

8:05 a.m. Today
Steve Bannon: ‘We’re at economic war with China,’ there’s no North Korea solution

Steve Bannon, President Donald Trump’s chief strategist, said in a surprisingly candid report Wednesday that the U.S. is at economic war with China, there’s no military solution to North Korea and that infighting is an everyday occurrence in the White House.

7:04 a.m. Today
Trump agrees to seek Seoul’s OK before any action on North Korea, says President Moon

South Korea’s leader said President Donald Trump agreed to discuss options, including a U.S. military strike, with him before taking any action to rein in North Korea’s nuclear and missile programs.

6:02 a.m. Today
‘No difference’ between Robert E. Lee and George Washington, says email forwarded by Trump’s lawyer

As the furor continues over President Donald Trump’s Charlottesville comments, his personal lawyer appears to have added fuel to the fire.

4:28 a.m. Today
August payments to health insurers will be made, White House says

The Trump administration said Wednesday the federal government would make a set of payments to insurers for August, despite threats from the president that the funding would be halted following the failure of Senate Republicans to repeal most of the Affordable Care Act.

5:10 p.m. Aug. 16, 2017
SEC and DOJ file insider trading charges against seven who used stolen bank data

The Securities and Exchange Commission charged seven individuals on Wednesday with insider trading in what it said was a wide-ranging scheme that generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. The SEC says Daniel Rivas, a former IT employee of a large bank, allegedly misused his access to his former employer's computer system to tip four individuals who traded on confidential information about upcoming transactions and others who also traded and passed along the tips. According to the SEC, the traders profited on market-moving news related to 30 impending corporate deals from October 2014 to April 2017. Rivas also allegedly tipped his girlfriend's father, James Moodhe, who traded on the information and used coded conversations and in-person meetings to relay the tips to his friend, Michael Siva, a financial advisor at a brokerage firm. Siva allegedly used the confidential information to make profitable trades for his brokerage firm clients, earning commissions for himself in the process, and he passed numerous tips along to a client who traded on them. Siva also allegedly traded on behalf of himself and his wife based on two of the tips he got from Moodhe, a former financial services company treasurer. Two of Rivas's friends in Florida, Roberto Rodriguez and Rodolfo Sablon, allegedly discussed tips on an encrypted, self-destructing smartphone messaging application and used shell companies to carry out their insider trading. Rodriguez and Sablon allegedly converted less than $100,000 into more than $2 million in profits by making aggressive options trades based on the confidential information. Rodriguez also is alleged to have passed several tips to one of his friends who also traded. A third alleged trading ring involved Jhonatan Zoquier who profited by trading on inside information communicated through the encrypted messaging application. New Jersey-based Zoquier allegedly passed confidential information to Jeffrey Rogiers of Oakland, California more than once. Rogiers allegedly placed several illegal trades for himself and tipped others to trade. The traders allegedly attempted to evade detection by using shell companies, code words, and an encrypted, self-destructing messaging application. However, the SEC Market Abuse Unit's Analysis and Detection Center used data analysis tools to detect suspicious patterns such as the improbably successful trading across different securities over time. The SEC's investigation is continuing. The U.S. Attorney's Office for the Southern District of New York also filed criminal charges on Wednesday against the same seven individuals.

4:19 p.m. Aug. 16, 2017
Some Fed members say bank can be ‘patient’ on interest rates due to low inflation

Senior Federal Reserve officials engaged in deep debate in July about the path of U.S. inflation after a spate of surprisingly low readings, with some suggesting the central bank “could afford to be patient” in deciding when to raise interest rates again.

4:18 p.m. Aug. 16, 2017
Trump Today: President says he’s pulling plug on business councils as he faces CEO defections

Facing an exodus of chief executives after his Charlottesville comments, President Donald Trump on Wednesday said he was dissolving two White House business councils. He also blamed Amazon for “great damage” to U.S. retailers and said North Korean leader Kim Jong Un was “wise” to pull back on his plan to launch missiles at Guam.

4:18 p.m. Aug. 16, 2017
Trump business councils disband amid wave of CEO exits

President Donald Trump said Wednesday he was ending a pair of business advisory councils, appearing to attempt to get ahead of the imminent disbanding of one and acting after the departure of several executives from the other.

2:38 p.m. Aug. 16, 2017
Here’s the full text on the decision to dissolve Trump’s strategic and policy forum

Full text on the disbanding of the White House’s strategic and policy forum, as released by the members.

2:24 p.m. Aug. 16, 2017
Fed eyes September debt drawdown; some want 'patient' on rates

WASHINGTON (MarketWatch) - Most senior Federal Reserve officials wanted to wait until an "upcoming" meeting to unveil a long-awaited selloff of the central bank's $4.5 trillion in bond holdings, hinting at an announcement in September, according to minutes of the Fed's meeting in July. The Fed also engaged in a deep debate over surprisingly low inflation readings, with some saying the bank could 'afford to be patient" before raising interest rates again. The Fed's staff in July slightly reduced its 2017 forecast for inflation, as many senior officials saw a greater likelihood that "inflation might remain below 2% for longer than they currently expected." The Fed had been on track to raise rates one more time this year, but now a majority of Wall Street investors believe the bank will hold off until early 2018. A few Fed officials also suggested that any economic stimulus in Washington would be smaller and take longer to enact than previously expected.

2:00 p.m. Aug. 16, 2017
Trending Tickers
  • /quotes/zigman/17636479/composite VUZI+15.60%
  • /quotes/zigman/237947/composite JCP-5.83%
  • /quotes/zigman/59392505/composite NUGT-2.93%
  • /quotes/zigman/65801738/composite TLT+1.11%
  • /quotes/zigman/59386294/composite JNUG-5.94%
Powered by StockTwits
Link to MarketWatch's Slice.