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Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank could ease monetary policy further if needed to spur growth, shrugging off views that it has used up ammunition to fight the next economic downturn. A senior International Monetary Fund official also said deepening negative interest rates remained an option if the BOJ were to ease, though adding that any such move should be accompanied by fiscal and structural steps to be effective....
Yahoo Finance's Heidi Chung joins Alexis Christoforous on The Ticker to discuss Bernstein lowering Beyond Meat's price target from $172 to $130....
Union Pacific Corporation (NYSE: UNP ) may report soft volumes for the fourth quarter of 2019 and the volume weakness could persist in the first half of 2020, according to UBS. The Analyst UBS analyst ......
Tropical Storm Nestor Heads toward landfall...
A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession. Silver said in a research note that the estimated hit to nonfarm payrolls would be the result of both direct and indirect effects of the strike by about 48,000 workers at the automaker. The estimate draws comparisons with the 1998 strike at GM, which JPMorgan estimated depressed payrolls in July of that year by about 150,000 jobs....
Chipotle Mexican Grill, Inc. (NYSE: CMG ) could beat near-term consensus expectations, backed by strong sales momentum, normalizing avocado prices and initiatives to improve margins, according to Bank ......
(Bloomberg) -- The U.S. Supreme Court agreed to consider giving the president broad power to replace the director of the Consumer Financial Protection Bureau, accepting a case that could curb the independence of the watchdog agency tasked with regulating mortgages and credit cards.The justices said they will hear an appeal from Seila Law, a California law firm being investigated by the CFPB over its sales pitches to indebted consumers. The firm is trying to derail the probe by arguing that the bureau was set up in violation of the constitutional separation of powers.President Donald Trump’s administration and the CFPB itself are partially backing the appeal, arguing that the Constitution requires that the president be allowed to fire the agency’s director for any reason. Seila Law’s appeal goes further, asking the court to abolish the agency altogether.The 2010 law that set up the CFPB says the director can be removed only for...
