Fed official: Expect rate hikes this year
By Sam Kerry on August 25, 2015
The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. His speech, which largely focused on public pensions, made only oblique reference to the market turmoil that has prompted some economists to push back their expectations for a rate […]
Dow Jones industrials plunge 1000 points in early trading
By Sam Kerry on August 25, 2015
Stocks have bounced off the lowest levels of the day. China said last week that its manufacturing activity, which is one of the biggest and most important metrics on growth, ended up dropping to a six-year low for the month of July. “It’s probably going to be a bad week”.
Airbnb expands in business travel sector
By Sam Kerry on August 25, 2015
Greater than 1,000 corporations have joined Airbnb’s new program permitting enterprise vacationers to make use of the peer-to-peer-lodging service, the agency stated.
Nearly 2000 Ford Mustang Orders Taken in the UK
By Sam Kerry on August 25, 2015
The first batch of RHD Mustangs will reach their British owners in November this year.
Agnico-Eagle Mines (AEM) is Reiterated by Barclays to Equal Weight, Raises
By Sam Kerry on August 25, 2015
Barclays dropped their target price on shares of Agnico Eagle Mines from C$33.00 to C$32.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. However, if the road gets shaky, the stock may fall short to $31 per share.
China stocks tumble as global shares slump
By Sam Kerry on August 25, 2015
The S&P 500 lost 77.68 points, or 3.94 percent, to 1,893.21, putting it formally in correction mode.