Details of the pressure the New York-based bank faced from its activist investor hadn’t been reported until now. The lessons from this episode will likely inform how Corbat’s successor interacts with the bank’s large investors.
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BlackRock, the world’s largest asset manager, may never be 100% back in the office, CEO Fink says
Larry Fink doesn’t think 100% of employees will ever return to the office.
Amazon, Steph Curry-backed fitness start-up Tonal raises more cash as investors bet on ‘workout from home’
Tonal raises $110 million from Amazon Alexa Fund, Steph Curry and others, after seeing surging demand for its at-home strength training machines during the pandemic.
Climate change is fueling wildfires in the West, ravaging local economies
Wildfires, driven by climate change, are raging across the Western United States crushing local economies. It’s a wakeup call for the Trump administration.
Stocks making the biggest moves in the premarket: Snowflake, Carnival, Tesla, Moderna & more
These are the stocks posting the largest moves before the bell, including Snowflake, Carnival, Tesla, Moderna, and more.
Snowflake buyers beware: IPOs that doubled have poor track record after that debut
Many companies this year have had first-day pops bigger than Snowflake.
Forexlive European FX News 17 Sep – Bank of England Bangs Pound lower
Look out below, GBP sinks on BoE decision
Other markets
– FTSE -0.42%
– Dax -0.72%
– Gold -0.59%
– US oil +0.05%
The session started with USD strength dominating the price action post FOMC. Whereas not overly bullish, the Fed was not as bearish as the market was hoping for and there were no updates on any QE tweaks which
Other markets
– FTSE -0.42%
– Dax -0.72%
– Gold -0.59%
– US oil +0.05%
The session started with USD strength dominating the price action post FOMC. Whereas not overly bullish, the Fed was not as bearish as the market was hoping for and there were no updates on any QE tweaks which
Top tip – Use the market wrap to find currency pairs to trade
Insight
When you are reading an end of FX session wrap you need to hone in on the most significant market events. Was there some key market moving data released in the previous session? Look to pair weak currencies against strong currencies to increase your chances of currency trading.
When you are reading an end of FX session wrap you need to hone in on the most significant market events. Was there some key market moving data released in the previous session? Look to pair weak currencies against strong currencies to increase your chances of currency trading.
BoE rate unchanged at +0.10% vs +0.10% expected
Monetary Policy Decision – 17 Sep 2020
GBPUSD falls to $1.2909 down -0.4% vs USD after Bank of England statement and dovish shift from BoE as talking more openly about negative rates. Out of the toolbox and now weighing up how to use it. GBP sells on the development.
GBPUSD falls to $1.2909 down -0.4% vs USD after Bank of England statement and dovish shift from BoE as talking more openly about negative rates. Out of the toolbox and now weighing up how to use it. GBP sells on the development.
Trading 101 – Always know when high impact news is due
In trading, always look ahead
You see a great news story and price is in a great technical place. You buy your instrument and then, 20 minutes later you see that you were stopped out on a large spike.
You see a great news story and price is in a great technical place. You buy your instrument and then, 20 minutes later you see that you were stopped out on a large spike.