Posts filtered by tags: ` Fed[x]


 

Mike Cagney is testing the boundaries of the banking system for himself — and others

Founder Mike Cagney is always pushing the envelope, and investors love him for it. Not long sexual harassment allegations prompted him to leave SoFi, the personal finance company that he cofounded in 2011, he raised $50 million for new lending startup called Figure that has since raised at least $225 million from investors and was valued a year ago at $1.2 billion. Now, Cagney is trying to do something unprecedented with Figure, which says it uses a blockchain to more quickly facilitate home equ...
Tags: Startups, TC, Senate, Tech, Regulations, Joe Biden, Banking, Biden, Blockchain, SoFi, Donald, Fed, Brooks, AB, FDIC, OCC


Here's what 5 Wall Street strategists are saying about November's weak jobs report

Alexi Rosenfeld/Getty Images November's jobs report showed signs of a slowing labor market as the US added 245,000 nonfarm payrolls, which lagged the consensus estimate of 460,000. The unemployment rate fell to 6.7% from 6.9% and met forecasts. Several Wall Street economists have pointed out that the unemployment rate fell for the "wrong reasons," and reflects a drop in the labor force participation rate rather than an increase in household employment. Many also see these numbers as an ind...
Tags: Congress, US, Trends, Ubs, Morgan Stanley, Goldman, Jefferies, Cnbc, Blackrock, Fed, Rieder, McDonald, Rick Rieder, Hatzius, Joseph Song, Emily Graffeo


Standing Naked before the TTAB

Australian Therapeutic Supplies Pty. v. Naked TM (Fed. Cir. 2020) (en banc) NAKED TM holds the registration for the mark NAKED that it uses to sell its luxury condoms.  However, by the time NAKED TM started its business, Australian Therapy was already selling its NAKED condoms to US customers over the internet.  In the early 2000s, the companies reached some form of a tacit agreement — although without an express contract.  Since 2003, Australian has continued to sell NAKED condoms in the US, bu...
Tags: Supreme Court, Law, US, United States, Patent, Lexmark, Fed, The Board, Federal Circuit, Petitioner, Respondent, Ttab, Lexmark Int ' l Inc, Therapeutic Supplies Pty, Naked TM Fed, Australian Therapy


Standing before the TTAB

Australian Therapeutic Supplies Pty. v. Naked TM (Fed. Cir. 2020) (en banc) NAKED TM holds the registration for the mark NAKED that it uses to sell its luxury condoms.  However, by the time NAKED TM started its business, Australian Therapy was already selling its NAKED condoms to US customers over the internet.  In the early 2000s, the companies reached some form of a tacit agreement — although without an express contract.  Since 2003, Australian has continued to sell NAKED condoms in the US, bu...
Tags: Supreme Court, Law, US, United States, Patent, Lexmark, Fed, The Board, Federal Circuit, Petitioner, Respondent, Ttab, Lexmark Int ' l Inc, Therapeutic Supplies Pty, Naked TM Fed, Australian Therapy


Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager popping up in the Biden administration

BlackRock Chief Executive Larry Fink was reportedly under consideration by 2016 presidential candidate Hillary Clinton to run the Treasury Department. AP The world's biggest fund manager, BlackRock, has become an increasingly influential player in Washington, DC.  The firm's global head of sustainable investing is set to head Biden's National Economic Council, and a former advisor to BlackRock Chief Executive Larry Fink will serve as a top official at Treasury. Here's a rundown of fast fac...
Tags: Google, Japan, New York, Obama, California, Washington, China, US, Barack Obama, Trends, Linkedin, Bloomberg, Joe Biden, Aig, Hillary Clinton, Washington Dc


US hiring slows sharply to 245,000 jobs as COVID batters economy

By CHRISTOPHER RUGABER | AP Economics Writer WASHINGTON — America’s employers sharply scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown. At the same time, the unemployment rate fell to a still-high 6.7%, from 6.9% in October, the Labor Department said. November’s job gain was down from 610,000 in October. Friday’s report of another slowdown in hiring was the latest evidence...
Tags: Business, Politics, UK, News, Congress, Washington, US, America, Sport, Soccer, Philadelphia, Associated Press, Opentable, Midwest, Fed, Lancaster


Senate confirms Christopher Waller to serve on Fed’s board

The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of high-profile rejections.
Tags: Senate, Donald Trump, Fed, Federal Reserve s Board of Governors, Christopher Waller


Alarmists are pushing a false narrative on the US economy. Here are the clear and obvious reasons to be hopeful about an American bounce back.

Probal Rashid/LightRocket/Getty Images Pessimists keep pushing a "heads I win, tails you lose" narrative about the US economy. But in reality, the US economy has been beating expectations for months and despite the tough COVID winter to come, there are clear reasons to be hopeful going into 2021. Consumer confidence, growing business investment, and elevated savings rates are all good signs. Add in a Federal Reserve that is unlikely to cut off growth before it catches on and the possibili...
Tags: Congress, Cdc, US, Trends, Federal Reserve, Fed, Atlanta Fed, Neil Dutta, Renaissance Macro Research This, Probal Rashid LightRocket Getty, Neil Dutta Inventories


Zoho founder, Sridhar Vembu on Salesforce Slack Deal: Very soon we will see an exodus of talent out of Slack as cashed out engineers and product managers and marketers rush to the exits.

1/ The Salesforce – Slack acquisition demonstrates the “operating system” of the technology industry. The assumption is that professionals in Slack and professionals in Salesforce can nicely blend together to produce awesome results for customers and shareholders. Culture! 2/ Slack and Salesforce grew up totally differently. The org cultures cannot be more different. “Culture eats strategy for breakfast” as the saying goes. Yet somehow in the romantic excitement of the deal, all that is...
Tags: Business, San Francisco, Salesforce, Product Management, Fed, Zoho, Sridhar Vembu, Thethreadmill, Threadmill


US economic activity is slowing as virus surges, Fed reports

A Federal Reserve survey of business conditions around the United States reports that economic activity in several regions slowed in November, as coronavirus cases surged. Public health experts predict that COVID-19 cases will further rise as testing reflects increased gatherings over the recent Thanksgiving holiday. — Read the rest
Tags: Post, News, US, United States, Federal Reserve, Fed


4 reasons why the S&P 500 will soar 25% by the end of 2022, according to Goldman's US stock chief

Brendan McDermid/Reuters Goldman Sach's David Kostin told Bloomberg TV the S&P 500 could reach 4600 by the end of 2022, a roughly 25% gain from current levels. The chief US equity strategist laid out 4 reasons for his bullish prediction: an improving economy, rising earnings growth, historically low interest rates, and the so-called "TINA" trade that will continue to push investors into stocks.Kostin added that inflation will remain low which allows companies to have a broader level of ear...
Tags: US, Trends, Markets, Bloomberg, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Federal Reserve, Goldman, S&P 500, Wells Fargo, Fed, Tina, Bloomberg TV, David Kostin, Brendan Mcdermid


10 things you need to know before the opening bell

AP/Richard Drew Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Global stocks edge lower despite the UK's approval of Pfizer and BioNTech's COVID-19 vaccine. See what markets are doing today.2. Several vaccine candidates approach regulatory approval. Here's when corona...
Tags: UK, Finance, US, Trends, Markets, Hsbc, Goldman Sachs, Pfizer, John Williams, Fed, BofA, Morgan Stanley Investment Management, Fundstrat, Gresham House, COVID, 10 Things Before Opening Bell


S&P 500 and Nasdaq close at record highs as investors bet that a vaccine will drive an economic rebound

Getty Images / Scott Olson US stocks gained on Tuesday as vaccine progress further boosted equities hit hardest by the pandemic. The S&P 500 and Nasdaq composite rose to record highs.Investors cheered Pfizer and BioNTech's application for regulatory approval for their coronavirus vaccine in the European Union. If approved, the shot could be distributed before the new year.Federal Reserve Chair Jerome Powell warned of lingering risks to the US economy at a Senate banking committee hearing. ...
Tags: Amazon, Congress, Senate, US, Trends, Markets, Tesla, Opec, European Union, Bitcoin, Hsbc, Treasury, TSLA, Pfizer, Nasdaq, Dow Jones


Mnuchin defends shutdown of Fed emergency loan programs

Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging.
Tags: Treasury, Federal Reserve, Fed, Mnuchin, Steven Mnuchin


As Biden seeks to boost working class, Fed chair Powell may be key ally

President-elect Joe Biden’s best bet for lifting labor's share of the income generated by the economy could rest with a Republican: Federal Reserve Chairman Jerome Powell.
Tags: Joe Biden, Federal Reserve, Biden, Fed, Powell


Mnuchin defends shut down of Fed emergency loan programs

Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging.
Tags: Treasury, Federal Reserve, Fed, Mnuchin, Steven Mnuchin


Stocks rise as S&P 500 approaches another all-time high

By DAMIAN J. TROISE and ALEX VEIGA | AP Business Writers U.S. stocks rose broadly in morning trading Tuesday, sending the S&P 500 toward another record high, as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery. The S&P 500 was up 1.2%, with technology and financial stocks driving a big part of the rally. The strong opening to December follows a 10.8% surge for the broad index in November, marking its best month since April. T...
Tags: Asia, Business, News, France, Finance, Wall Street, Germany, US, Sport, Economy, Britain, Soccer, Treasury, Janet Yellen, Pfizer, Biden


Corporate growth could see a 10% drop in virus-slammed industries amid mounting debt levels, New York Fed says

People have lunch at Chelsea Square Restaurant as New York City restaurants open for limited capacity indoor dining on October 1, 2020 in New York. BRYAN R. SMITH/AFP via Getty Images Corporate growth could slow up to 10% among firms hit hardest by the coronavirus pandemic due to large debt overhangs and revenue contraction, researchers at the Federal Reserve Bank of New York said Monday.Firms in the travel, hospitality, and tourism industries held twice as much debt on average than busines...
Tags: UK, New York, New York City, US, Trends, Fed, New York Fed, Federal Reserve Bank of New York, Bryan R Smith, Joao Santos, Ben Winck, Chelsea Square Restaurant, Getty Images Corporate, Kristian Blickle


S&P 500 climbs to record high as vaccine hopes lift economy-linked stocks

Thomson Reuters US stocks rose on Tuesday as vaccine progress further boosted equities hit hardest by the pandemic. The S&P 500 rose to a record intraday high.Investors cheered Pfizer and BioNTech's application for regulatory approval in the EU. The filing could allow for the shot to be distributed before the new year.Federal Reserve Chair Jerome Powell is expected to warn of lingering risks to the US economy during morning testimony to the Senate Banking Committee.Bitcoin fell as much as ...
Tags: US, Trends, Markets, Tesla, Eu, Opec, European Union, Bitcoin, Hsbc, Treasury, Oil Price, Pfizer, Nasdaq, Dow Jones, Gold Price, S&P 500


10 things you need to know before the opening bell

Scott Olson/Getty Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Global equities kick off December with a rally. See what markets are doing today.2. Chinese automaker Kandi plunges after scathing short-seller report. Hindenburg Research accused the company of faking s...
Tags: Finance, China, US, Trends, General Motors, Markets, Federal Reserve, Fed, Rbc, Jpmorgan, BNY Mellon, Scott Olson Getty, The Labor Department, Nikola, Jerome Powell, Kandi


Fed chair calls the economic recovery 'extraordinarily uncertain'

Federal Reserve Chairman Jerome Powell said the outlook for the United States economy is "extraordinarily uncertain" as the rise in Covid-19 cases continues to take an economic toll on the country.
Tags: Cnn, United States, Federal Reserve, Fed, Jerome Powell


Federal Reserve Endorses Swift Transition Away from LIBOR

The Federal Reserve on Monday announced that it was endorsing a statement encouraging banks to transition away from the U.S. dollar-based London Interbank Offered Rate (LIBOR) index “as soon as practicable,” according to an announcement the federal bank issued on Monday morning. “Given consumer protection, litigation, and reputation risks, the agencies believe entering into new contracts that use USD LIBOR as a reference rate after December 31, 2021, would create safety and soundness risks an...
Tags: Featured, Finance, Regulation, Libor, Federal Reserve, Cnbc, Fed, CMT, McCully, HECM, Ginnie Mae, Home Equity Conversion Mortgage HECM, HMBS, NRMLA, London Interbank Offered Rate Libor, Michael McCully


Biden to nominate Janet Yellen, highlight diversity on economic team

By AAMER MADHANI and ZEKE MILLER | Associated Press WILMINGTON, Del. — President-elect Joe Biden on Monday announced his senior economic team, including his plans to nominate the first woman to head the Treasury Department as well as several liberal economists and policy specialists who established their credentials during the previous two Democratic administrations. In a statement, Biden said he would nominate Janet Yellen, the former Federal Reserve chair, to lead the Treasury Department, and ...
Tags: Politics, Texas, News, Obama, Senate, White House, Georgia, Sport, Joe Biden, Economy, NEC, Soccer, Gop, Hillary Clinton, Bill Clinton, Mitch McConnell


The Fed and the promise of a vaccine aren't enough to protect investors from a 'reckoning,' top economist warns

Mohamed El-Erian, president of Queens' College University and economic adviser to Allianz, isn't so sure the bull run will last and he...
Tags: Fed, Allianz, Mohamed El Erian, Queens College University


Here’s how the US economy could transform under Biden after his appointment of Janet Yellen as Treasury Secretary — starting with sizable stimulus

Former Federal Reserve Chair Janet Yellen. BRENDAN SMIALOWSKI/AFP via Getty Images President-elect Joe Biden's nomination of Janet Yellen to head the Treasury Department offers the clearest look yet at how his administration aims to drive an economic recovery. The former Federal Reserve chair is set to enter the Cabinet as the first woman to run the department and become the first person to lead the Treasury, Fed, and White House Council of Economic Advisers. Here's what Yellen's appointme...
Tags: Labor, Senate, US, Trends, Georgia, Tesla, Joe Biden, Treasury, Janet Yellen, Federal Reserve, Biden, Morgan Stanley, ESG, Lazard, Cabinet, Yellen


Here's what Janet Yellen's appointment as US Treasury Secretary would mean for markets

AP Images President-elect Joe Biden plans to nominate Janet Yellen to head the US Treasury Department.Her appointment is especially noteworthy at a time when monetary and fiscal policy will determine what the US economy looks like in the next few years.Investors seem to have confidence in Biden's choice for Treasury Secretary, as evidenced by the record-breaking rally on Wall Street this week.Here are the key implications for markets.Visit Business Insider's homepage for more stories.Janet...
Tags: Wall Street, Senate, US, Trends, Tesla, Joe Biden, Treasury, Deutsche Bank, Janet Yellen, US Treasury, Federal Reserve, Biden, ESG, Lazard, Yellen, Fed


Taiwanese politicians threw punches and pig guts in parliament in bitter dispute over US pork imports

Ann Wang/Reuters Members of Taiwan's main opposition party threw pig guts in parliament Friday in protest over the legalization of US pork imports. US pork that contains "acceptable" residues of the animal feed additive ractopamine will be allowed from January. Taiwan has banned the sale of pork from pigs fed on the drug since 2006. Opposition politicians have fought against the decision, citing concerns about ractopamine's effects on both animals and humans. The ruling party said the thr...
Tags: Washington, China, Russia, US, Trends, Eu, SU, Taiwan, New Zealand, Taipei, Fed, Kmt, Dpp, Tsai Ing wen, Democratic Progressive Party DPP, Ben Blanchard


United States: Everybody's Goin' Surfin': California Statute Voids Assignment Provision After Employment Ends - Finnegan, Henderson, Farabow, Garrett & Dunner, LLP

In Whitewater West Industries, Ltd. v. Richard Alleshouse, No. 2019-1852 (Fed. Cir. Nov. 19, 2020), the Federal Circuit reversed...
Tags: News, California, United States, Fed, Federal Circuit, Finnegan Henderson Farabow Garrett, Dunner LLP, Richard Alleshouse, Whitewater West Industries Ltd


Fed Mulls Tweak of Asset Purchases to Keep Recovery Intact, Minutes Show

Fed Mulls Tweak of Asset Purchases to Keep Recovery Intact, Minutes Show
Tags: Fed


Fed weighed adjusting bond purchases to provide more help to economy 'fairly soon,' minutes show

Officials at the meeting voted to keep benchmark short-term borrowing rates anchored near zero.
Tags: Fed