News
Fed Labor Market Conditions Index Posts First Monthly Gain This Year
LMCI Advanced One Point in July New York, NY — By now, you have probably heard that July was a good month for the U.S. labor market. The Federal Reserve’s own job market indicator just confirmed that. On Monday, the.
U.S. Dollar Rises, Bonds Fall on Strong Job Growth
Bullish Job Report Fuels Rate Hike Expectations New York, NY — The U.S. dollar rose and government bonds fell as the July employment report pointed to a solid labor market, potentially giving the Federal Reserve a little more room to.
Study: Aging Workforce Slowing U.S. Productivity, Economic Growth
Rapidly Aging Workforce Slowing Growth New York, NY — Rapid retirements deprive companies of critical experience and knowledge, which undermines productivity across the entire economy and hurts economic growth, according to a new study by Nicole Maestas of Harvard University.
U.S. Trade Deficit Widens to 10-Month High
Higher Consumer Demand, Energy Cost Fuel Imports New York, NY — The U.S. trade deficit rose to a 10-month high in June as consumer demand and higher energy prices fueled imports, according to data released by the U.S. Department of.
Study: Parents Saving to Fund Kids’ Education, Not Retirement
Most Children Believe Parents Should Fund Their Education New York, NY — More American parents are saving money to fund their kids’ education than for their own retirement, according to T. Rowe Price’s “2016 Parents, Kids & Money” survey. About.
Rio Tinto Cuts Dividend Amid Weak Commodity Prices
Rio Tinto Earnings Plunge 47% New York, NY — Rio Tinto plc (ADR) (NYSE:RIO), the iron-ore giant, cut its interim dividend by 58% as it reported its worst first-half underlying earnings in 12 years amid weak commodity prices. Rio Tinto.
ICE Announces $1.0-Billion Share Buyback, Stock Split
Net Income Surges and Data Sales Double New York, NY — Intercontinental Exchange Inc (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that its board has approved a $1.0-dollar.
Main Street Capital Hikes Quarterly Dividend 3%
Main Street Announces Dividend Increase New York, NY — Main Street Capital Corporation (NYSE:MAIN) announced that its board of directors declared a three percent increase in its quarterly dividend to $0.555 per share for the fourth quarter of 2016. Main.
MBT Financial Raises Dividend by 33%
Loans, Interest Income Fuels Growth New York, NY — MBT Financial Corp. (NASDAQ:MBTF), the parent company of Monroe Bank & Trust, said it will pay a dividend of $0.04 per share, representing a 33.3% jump when compared to the dividend.
CIBC Issues First Bond with Negative Interest Rate
Canadian Bank Paid to Borrow Money New York, NY — Canadian Imperial Bank of Commerce (NYSE:CIBC) has become the first Canadian bank to tap the surging market for negative yield bonds where investors are willing to lose a small amount.
