Money


Oil falls on renewed concern about glut
- March 18, 2016

Iran produced 3 million barrels a day last month, Bloomberg reported . Analysts said that talks about freezing output would do little to rein in a global glut that sees over 1 million barrels of crude produced every day in excess of demand. (more...)
Alexa voice software to offer Fitbit progress updates Alexa voice software to offer Fitbit progress updates
- March 18, 2016

For example, if you inquire about your step count at 9 a.m., you might be reminded that "you've got to start somewhere", or encouraged to "try to take a walk today, but don't forget to stop and smell the roses". Fitbit already works with Cortana, but not Siri or Google Now. Alexa will never be able to prepare nourishing meals for you or force you to go to the gym, but positive affirmation goes a long way to staying healthy. (more...)
Valeant falls short in 4Q, slashes guidance for 2016
- March 18, 2016

Uncertainty about the potential for a default creates "enormous investor fear", said Bill Ackman of Pershing Square Capital Management, one of Valeant's largest shareholders who also sits on its board of directors. Trading volume for the day exceeded 137 million shares, more than 14 times normal volume. The Canadian drugmaker is facing a Securities and Exchange Commission investigation and, separately, scrutiny from Congress over its drug pricing. (more...)
Stocks Edge Lower Ahead Of Fed Rate Decision
- March 17, 2016

Yellen said the central bank expects inflation to return to the 2 percent threshold - along with further economic growth and labor strides - within the next two to three years. coal producer, fell 45.4 percent to $2.19. after the company said in a regulatory filing it may have to seek bankruptcy protection. Kansas City Fed president Esther George dissented from the decision, preferring a quarter-point rate increase. (more...)
Fed Opts Out of Rate Hike Until 'Further Improvement' in Economy
- March 17, 2016

The changes in the statement on risks signalled that Fed officials are inclined to wait for more time to assess the USA economic outlook before raising interest rate again. For example, Moody's Analytics released its latest outlook for USA regional economies, and it showed four energy-producing states - Alaska, North Dakota, West Virginia and Wyoming - are in recession today. (more...)
US Federal Reserve keeps interest rate unchanged
- March 17, 2016

Global financial markets are in a wait-and-see mode ahead of a statement Wednesday from the U.S. Federal Reserve policy and comments from Chair Janet Yellen. Wednesday's reports showed rising core inflation, strong new home construction, and moderately strong factory production. Esther George, president of the Federal Reserve Bank of Kansas City, dissented. (more...)