(Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a “crackpot” idea.
NEW YORK (Reuters) – World equity markets advanced broadly on Wednesday after U.S. data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company’s 737 MAX aircraft.
A man walks towards the European Central Bank (ECB) headquarters in Frankfurt, Germany, July 25,…
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February.
BEIJING (Reuters) – China will take multiple measures to lower funding costs for small and micro firms by 1 percentage point this year, Premier Li Keqiang said on Friday, as the government rolls out more steps to shore up the slowing economy.
LONDON (Reuters) – A host of central banks meet next week, but with a global economic slowdown underway alongside political and trade strife, they are unlikely to tinker much, if at all, with policy.
BEIJING (Reuters) – The Chinese government has additional monetary policy measures that it can take to support economic growth this year, and will even cut “its own flesh” to help finance large-scale tax cuts, Premier Li Keqiang said on Friday.
BENGALURU (Reuters) – The U.S. Federal Reserve will remain patient for a little longer than thought just last month, waiting until the third quarter before raising rates once more, and then stay on the sidelines, a Reuters poll of economists showed.
WASHINGTON (Reuters) – U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
NEW YORK/SAN FRANCISCO (Reuters) – Only two things will really matter when Federal Reserve Chairman Jerome Powell strides to the podium for his press conference on Wednesday after the end of the U.S. central bank’s latest two-day policy meeting: Dots and bonds.
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the…