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Top related persons:
George Mateyo - 2 — - 1 Russell Price - 1 Dow Jones - 1
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Treasury - 2 Service - 1 Federal Reserve - 1 Ameriprise - 1 Business - 1 Reserve - 1 Commerce Department - 1 Dow - 1

Search resuls for: "Key Wealth"


4 mentions found


☆ Why Wall Street is so happy to see the job market slowing down
  + stars: | 2024-05-03 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
US stocks soared on Friday after a light April jobs report gave investors hope of a rate cut sooner than later. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The market is currently in a situation where negative economic news is positive for risk assets like stocks. Advertisement"The April jobs report was just what the market ordered," Russell Price, chief economist at Ameriprise, wrote in a client note. Today's jobs report was the "first material 'downside surprise' in over two years," added Key Wealth CIO George Mateyo in comments to Business Insider.
Persons: —, Russell Price, George Mateyo Organizations: Service, Federal Reserve, Treasury, Ameriprise, Business
☆ Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
  + stars: | 2024-04-26 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. Including food and energy, the all-items PCE price gauge increased 2.7%, compared to the 2.6% estimate. The Fed targets 2% inflation, a level that core PCE has been above for the past three years. Services prices increased 0.4% on the month while goods were up 0.1%, reflecting a swing back in consumer prices as goods inflation dominated since the early days of the Covid pandemic.
Persons: Dow Jones, George Mateyo Organizations: Reserve, Commerce Department, Dow, Treasury, Key Wealth, Fed, Labor Department
☆ Credit Suisse CEO tries to bail out a leaky ship
  + stars: | 2023-02-09 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
LONDON, Feb 9 (Reuters Breakingviews) - Chief Executive Ulrich Körner is doing what he promised at Credit Suisse (CSGN.S). The goal is to focus Credit Suisse on its steadier wealth-management and retail banking units. Revenue from trading equities was just $15 million, down 96% year-on-year, partly because Credit Suisse clamped down on risk. Clients pulled a net 111 billion Swiss francs of assets from the group during the three-month period. Credit Suisse shares were down 9.7% at 2.94 Swiss francs as of 1041 GMT on Feb. 9.
☆ Gulf states use new oil riches to gain regional influence
  + stars: | 2022-10-31 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +13 min
“Money talks,” Michael Maduell, president of the Sovereign Wealth Fund Institute in Las Vegas, told CNN. Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, last week announced that the nation’s wealth fund, the Public Investment Fund (PIF), is establishing five regional companies worth $24 billion across the Middle East. One of the key regional investment destinations for both Abu Dhabi and Riyadh has been Egypt. Once a regional rival, Turkey is now an economic ally of Saudi Arabia and the UAE. Despite a political thaw, Gulf investments in Iran and Syria are unlikely for the time being, say analysts.
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