DoubleLine’s Gundlach: risk assets globally face ‘another wave down’
NEW YORK (Reuters) – DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned after a weak non-farm payrolls report on Friday that the U.S. equity market as well as other risk markets including high-yield “junk” …
U.S.-Japan deal on autos trade would be backed by penalties: source
ATLANTA (Reuters) – A U.S.-Japan agreement on autos trade as part of a sweeping Pacific Rim trade deal would have its own dispute settlement mechanism including penalties if Japan does not open its market enough to U.S. vehicles, a source close to the …
Prick asset bubbles with rates? Fed officials split
BOSTON (Reuters) – The question of whether the Federal Reserve should adjust interest rates to deflate risky financial market bubbles split some of its top policymakers on Friday, suggesting the controversial idea is re-emerging as the U.S. central ban…
U.S. job growth stumbles, raising doubts on economy
WASHINGTON (Reuters) – U.S. employers slammed the brakes on hiring over the last two months, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.
Tesla’s Musk says sedan sales strong tied to SUV launch event
NEW YORK (Reuters) – Tesla Motors Inc saw strong orders of its Model S sedan tied to the launch of its sports utility vehicle, relieving some concerns that the larger car might siphon away sales, Chief Executive Officer Elon Musk said on Friday.
Greece likely to meet deadline for bank money release: euro zone officials
BRUSSELS (Reuters) – Greece is likely to qualify for recapitalization funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
Judges reject bonus plans for executives at bankrupt companies
WILMINGTON, Del (Reuters) – A U.S. judge on Friday rejected a plan to pay millions of dollars in bonuses to top executives of bankrupt miner Molycorp Inc , two days after GT Advanced Technologies Inc failed to get approval of a similar plan.
VW rivals risk bigger blow as emissions scandal hits diesel
PARIS/BRUSSELS (Reuters) – Volkswagen’s cheating on emissions tests has soured the European car industry’s heavy bet on diesel, with Renault, Peugeot and Fiat Chrysler potentially facing bigger long-term setbacks than the company that sparked the crisi…
Oil fall 1 percent as U.S. data soft, storm threat recedes
NEW YORK (Reuters) – Oil prices fell around 1 percent on Friday, heading for a weekly decline, as weaker-than-expected U.S. economic data weighed on the energy demand outlook and Hurricane Joaquin veered away from oil installations in the U.S. East Coa…
Weak jobs report leaves Federal Reserve tied to global growth
WASHINGTON (Reuters) – The weak U.S. September jobs report published Friday is another sign that Federal Reserve policy may be uncomfortably tethered to the strength of the global economy, as a year long swoon in exports helped wipe out manufacturing j…
