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Federal Reserve outlook for 2016
Uncategorized
SUMMARY PIMCO concurs with markets on the ultimate speed and distance of the Fed’s path on rates, which is widely expected to be slow and shallow. Our base case is for the Fed to announce three rate increases in 2016. This is consistent with where the central bank’s core leaders have indicated they are leaning, but greater than the two
Daily Scan Asia: Asian shares close higher; SHCOMP loses $1 trillion in one week
Capital Markets
Updated: 5:30 p.m. HKT January 8, 2016 Asian equity gauges held on to most of its gains Friday. Hong Kong’s Hang Seng Index capped the day up 0.59%, while China’s Shanghai Composite ended the session up 1.97%. Bucking the trend however was Japan’s Nikkei 225, which finished the session down 0.39%. On a weekly basis however things look immensely different.
Bill Gross: Take two Xanax then buy emerging markets, inflation in the morning
Asset Management
The 99% is living in a Xanax world. Bill Gross has some critical words for the world in his January outlook. Sexting, fast food, and cellphone apps are just a few of the things Gross says are pacifying the plebeians in this "Xanax world," distracting them from the U.S. debt and future liabilities of the boomer generation that will slow
Video: Bill Gross sees China stocks opening down 5%-6%; says central banks have replaced homeowners as debt-owners
In an interview with Bloomberg TV, Janus Fund's Bill Gross says central banks have replaced homeowners as the debt-heavy players in the market. "They are writing endless checks and supporting stock markets. They don't run out of cash," says Gross. "It produces distortions in the global economy." For the next few weeks, Gross says he will be focusing his investments
7 reasons George Soros is wrong about this market portending another 2008 meltdown
Asset Management
George Soros spread a lot of worry in the markets Thursday morning, saying we are on the verge of a 2008-style meltdown. Fortunately, David A. Rosenberg, chief economist and strategist at Gluskin Sheff, disagrees. In fact, he calls the idea pure "folly." The start to 2016 has been vicious, he says in Thursday's edition of Breakfast With Dave, available to
Wal-Mart family to give $1B to education
Lifestyle
The Walton Family Foundation, funded by the heirs of the Wal-Mart fortune, plans to designate $1 billion for charter schools over the next five years. The foundation has already given a total of $1 billion to different education causes in the last 20 years, most specifically charter schools and reform nonprofits like Teach For America, reports BuzzFeed. The increase in
A reality check on China
Lifestyle
Everyone has an opinion on China, even reality stars. Tiny TV personality Tila Tequila, better known for her lack of clothing, tweeted her own thoughts about the Chinese economic situation. Because why not? The Chinese bought up a bunch of land in America because when their currency crashes they are coming here. — Tila Tequila (@AngelTilaLove) January 7, 2016  
High-end furniture startup One Kings Lane to sell in 'fire sale'
Venture Capital
One Kings Lane, the high-end furniture and home decor startup that launched in 2009 and quickly rose to popularity due it its "flash sales" of heavily discounted inventory, is expected to be sold for less than $150 million, according to Re/code. The company was once valued at over $900 million and had raised $230 million in venture capital, but had
Daily Scan America: Global market rout continues, all eyes on China
Capital Markets
Updated at 4:30 p.m. ET January 7, 2016 U.S. stocks slipped, slid, and downright tumbled Thursday. The Dow Jones Industrials lost 2.3% by the end of the day, dropping nearly 400 points to 16,514.10.  The S&P 500 dropped almost 2.4%, and the Nasdaq fell a whole 3% as Apple, Google and Netflix stumbled. In the past four trading sessions, the Nasdaq
Winning U.K. fund manager turns bearish
Asset Management
The turmoil in global equity markets prompted by China's New Year share debacle has brought the usual investment sages to the airwaves. Both George Soros, "the man who broke the Bank of England" and "Dr. Doom" Marc Faber were on Bloomberg TV on Thursday warning that we're on the precipice of a 2008 -style financial crisis. They might be right. However, it's good