Trump wants negative rates – but there is a dark side

[ad_1] President Trump again attacked the Federal Reserve on Thursday after the European Central Bank lowered rates deeper into negative territory. The president said the Fed should cut rates to zero or less in order to keep borrowing costs down in the long run. "They are trying and succeeding in depreciating the euro against the … Read more

Exclusive: China, before trade negotiations, makes the largest purchases of soy in the United States since June

[ad_1] By Karl Plume CHICAGO (Reuters) – Chinese private companies have bought at least 10 shipments of US soybeans, the country's biggest purchases since at least June, traders said in the run-up to next month's high-level talks aimed at ending the bilateral trade war lasted more than a year. Soybean purchases, which represent more than … Read more

Broadcom headline tumbles, but outlook remains unchanged

[ad_1] Broadcom Inc. AVGO, + 0.86% Shares slid during the broad session on Thursday after the chip maker surpassed Wall Street's earnings guidance, while leaving its outlook unchanged. Broadcom shares fell 2.2% after normal hours, following a 0.8% rise in regular session to close at $ 300.58. The company announced a third quarter fiscal net … Read more

Philip Morris Rewards Investors Again – In Search of Alpha

[ad_1] Philip Morris rewards investors again looking for alpha Trump's vape ban plan could complicate Megios Axios merger Trump may have lit a fire under the Altria-Philip Morris merger, according to analyst Barron Altria made a big bet on vaping. Will it still happen? CNN Philip Morris (PM) increases dividend to increase shareholder value of … Read more

Cargill sells CarVal subsidiary, leaving the asset management business

[ad_1] Cargill Inc. sells CarVal Investors LLC, an investment fund manager, to the company's executives in a transaction that marks its exit from the asset management industry. The processor and marketer in agriculture began to reduce its position in financial services in early 2016 by selling its business to Black River Asset Management into three … Read more

Hurd takes medical leave from Oracle

[ad_1] While society misses Wall Street's expectations Oracle chief executive Mark Hurd is reported to be on medical leave as the enterprise software maker reported first-quarter revenue lower than Wall Street expectations. Hurd is one of Oracle's two CEOs, the other being Safra Catz. The company is more interested in cloud software. Larry Ellison, founder … Read more

New ECB stimulus measures help Trump bid against Federal Reserve

[ad_1] President Trump has called on the Federal Reserve's "Boneheads" to cut interest rates. Now, Trump has more ammunition against the Fed thanks to the new plans of "Super Mario" – the president of the European Central Bank, Mario Draghi. Draghi is known as Super Mario for adopting an extremely stimulating monetary policy in order … Read more

Inventories end slightly higher after tariff delay and ECB recovery

[ad_1] The shares ended in a slight rise on Thursday, after a further de-escalation of short-term trade tensions between the United States and China and a new stimulus package from the European Central Bank. The Dow Jones Industrial Average DJIA, + 0.17% about 45 points, up 0.2%, nearly 27,182, according to preliminary figures, while the … Read more