In honor of Italian explorer Christopher Columbus, here is review of Italian banks (as well as a benchmark, Deutsche Bank).
The hurricane-impacted jobs report is out for September. The good news? Full-time employment rose by 935,000! The largest increase since 1999.
Recently, US Treasury bonds are like peanuts … investors can’t just eat one. Investors can’t get enough of the longest maturity U.S. bonds even with the Federal Reserve set to embark on its next step toward normalizing interest rates
While the paper supply firm Dunder Mifflin from the TV show “The Office” is fictional, the outcome for Office Depot is similar. Both experienced declining sales in this on-line world.
Puerto Rico is an example of Darkness on the Edge of Town (or the USA).
(Bloomberg) — After the worst losses for Treasuries in 10 months, investors are ramping up bets that the world’s largest bond market will decline further.
As of this morning, the VIX (Chicago Board Options Exchange SPX Volatility Index) was at 9.34, the second lowest level since 1990.
The Institute for Supply Management (ISM) released their monthly survey for manufacturing this morning.
The Federal Reserve was created by an act of Congress in 1913 and a stroke of the pen by President Woodrow Wilson.
Now that’s a whole lotta instruments! Global financial instruments: $500 trillion, or 5x global GDP.