Federal Reserve Chairman Jerome Powell hearkened back to the central bank’s 1990’s policy successes by suggesting he can sustain the record long U.S. economic expansion with just a modest reduction in interest rates.
— Read on www.bloomberg.com/news/articles/2019-08-01/powell-suggests-fed-embarking-on-1990s-style-mini-easing-cycle
Amazon owns nearly half the public-cloud market – MarketWatch
Amazon.com Inc. continues to dominate the market for basic computing resources that companies access online, largely by outspending its rivals on data…
— Read on www.marketwatch.com/story/amazon-owns-nearly-half-the-public-cloud-market-2019-07-30
Bank of Canada unlikely to follow any Fed interest rate cut: experts
The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is very much on its own path and, at least in the short term, has no reason to follow any move by the Fed to lower rates.
— Read on www.msn.com/en-ca/money/topstories/bank-of-canada-unlikely-to-follow-any-fed-interest-rate-cut-experts/ar-AAF72iO
Fed to cut rates for first time since 2008 to save economic expansion
The Fed is about to take the unusual step of cutting interest rates to save an economic expansion, not an economy that is in a downward spiral.
— Read on www.cnbc.com/2019/07/30/fed-to-cut-rates-for-first-time-since-2008-to-save-economic-expansion.html
Companies without credit ratings flag warnings for global economy: S&P
Small companies without credit ratings are likely to be the first victims in an economic downturn, says S&P Global Market Intelligence.
— Read on www.cnbc.com/2019/07/31/companies-without-credit-ratings-flag-warnings-for-global-economy-sp.html
Warren Buffett: The mistake parents make when teaching kids about money
If there’s one person who understands the importance of teaching kids about financial responsibility, it’s Warren Buffett.
— Read on www.cnbc.com/2019/07/30/warren-buffett-this-is-the-no-1-mistake-parents-make-when-teaching-kids-about-money.html
Jamie Dimon’s worst fears for banks realized with Capital One hack
Bank CEOs including Jamie Dimon have been highlighting the risks of a cyberattack for years.
— Read on www.cnbc.com/2019/07/30/jamie-dimons-worst-fears-for-banks-realized-with-capital-one-hack.html
Canada, NZ Most Vulnerable to House Price Corrections: Graphic – Bloomberg
Canada, NZ Most Vulnerable to House Price Corrections: Graphic – Bloomberg
— Read on www.bloomberg.com/news/articles/2019-07-30/canada-nz-most-vulnerable-to-house-price-corrections-graphic
Where is the next home price bubble brewing? Canada, New Zealand most vulnerable – BNN Bloomberg
Where is the next home price bubble brewing? Canada, New Zealand most vulnerable – BNN Bloomberg
— Read on www.bnnbloomberg.ca/where-is-the-next-home-price-bubble-brewing-canada-new-zealand-most-vulnerable-1.1294261
Asset Bubbles to Zombie Companies: The Dark Side of Rate Cuts
(Bloomberg) — Warren Buffett’s warning that you only learn who’s swimming naked when the tide goes out is hardly heard these days as waves of easy monetary policy wash over the world’s financial markets.The U.S. Federal Reserve and fellow central banks are only trying to support economic growth and
— Read on ca.finance.yahoo.com/news/asset-bubbles-zombie-companies-dark-230001210.html