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Reuters BusinessSep 20, 2019
Fed's Rosengren says interest rate cuts are 'not costless'
Boston Federal Reserve Bank President Eric Rosengren, who dissented from the central bank's decision to cut interest rates earlier this week, repeated on Friday that monetary stimulus was not needed for the U.S. economy and posed its own problems.

Two Fed Officials Explain Why They Dissented at FOMC Meeting (Wall Street Journal US Business)
NewsWatch: Fed's Bullard: Dissent was due in part to worries about slowing economy (MarketWatch)

MarketWatch MarketPulseSep 20, 2019
Stocks open higher as Dow and S&P 500 approach record highs
U.S. stocks opened higher on Friday, pushing key equity benchmarks closer to all-time highs, as investors keyed into encouraging signs on U.S.-China trade talks. The S&P 500 was up 0.2% to trade at 3,012. The Dow Jones Industrial Average advanced 59 points, or 0.2% , to 27,152. The Nasdaq Composite rose 0.1% to 8,192. The Dow and the S&P 500 are both within a percentage point of their all-time closing highs. News reports said President Donald Trump was exempting hundreds of Chinese products from tariffs. The exemption list will be published later on Friday by the U.S. Trade Representative office, according to CNBC. The Federal Reserve also occupied the attention of investors as two members of the central bank's policymaking committee, Eric Rosengren and James Bullard, explained their reasons for dissenting against the quarter point cut this week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

US STOCKS SNAPSHOT-Wall St opens slightly stronger amid stimulus hopes, easing trade tensions (Reuters Company News)

Reuters BusinessSep 20, 2019
U.S. federal funds rate fell below top-end of Fed's target
The average interest rate on what the banks charge each other to borrow reserves overnight on Thursday fell below the upper-end of the Federal Reserve's target range for the first time this week in the aftermath of turmoil in money markets.

MarketWatchSep 20, 2019
Market Snapshot: Dow and S&P 500 set to test record highs as Trump administration said to exempt China products from tariffs
U.S. stocks on Friday are on track to open near records as investors look beyond a litany of central-bank decisions of the past week and focused on signs of improving China-U.S. trade developments.

MarketWatch MarketPulseSep 20, 2019
McDermott's stock rockets after exploring sale of Lummus business, valued at over $2.5 bln
Shares of McDermott International Inc. rocketed 82% in very active premarket trading Friday, after the provider of engineering and construction services to the energy industry said it was exploring the sale of its Lummus Technology business, which has been valued at more than $2.5 billion. Trading volume topped 8.9 million shares, making the stock the most actively traded ahead of the open. The company said it recently received unsolicited approaches to acquire all or part of Lummus, which is a licensor of proprietary petrochemicals, refining, gasification and gas processing technologies. "The process of exploring strategic alternatives is part of our ongoing efforts intended to improve McDermott's capital structure, and we plan to use the proceeds from any transaction involving Lummus Technology to strengthen our balance sheet," said Chief Executive David Dickson. McDermott said it has retained Evercore as lead advisor on strategic alternatives for McDermott. The stock, which has plummeted 73% this week through Thursday amid concerns the company may be mulling a bankruptcy, has shed 92% over the past 12 months through Thursday, while the SPDR Energy Select Sector ETF has lost 18.5% and the S&P 500 has gained 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatchSep 20, 2019
The Fed: Fed's Bullard: Dissent was due in part to worries about slowing economy
St. Louis Fed President James Bullard said Friday a slowing economy was one reason he wanted the central bank to cut short-term interest rates by a more aggressive 50 basis points this week.

Reuters Company NewsSep 20, 2019
Nigeria's central bank holds benchmark interest rate at 13.5%
Nigeria's central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Friday.

MarketWatchSep 20, 2019
London Markets: British stocks climb cautiously on Brexit and trade war hopes, central bank easing
British stocks climbed higher on Friday on hopes for a Brexit deal and after U.S.-China trade talks resumed but the FTSE 100 was held back by a stronger pound.

Reuters BusinessSep 20, 2019
Wall Street opens slightly stronger amid stimulus hopes, easing trade tensions
U.S. stocks opened marginally higher on Friday as an interest rate cut by China's central bank and signs of co-operation on trade between the world's two largest economies allayed concerns about a slowdown in global growth.

Reuters MoneySep 20, 2019
China drafts bar for net capital of banks' wealth management units
China released draft rules on net capital management of commercial banks' wealth management units on Friday, a follow-up move to regulate the risk of country's newly structured wealth management... - Financial MarketsSep 20, 2019
Global stocks tick higher amid dovish central bank signals
CEOs are usually more comfortable making key hires on the business side of the house than the technology side. Here is what executives need to understand about technical hires, according to Julia Austin.

MarketWatchSep 19, 2019
Key Words: World economic growth is ‘fragile,' Lagarde says, and central banks aren't always the answer
World economic growth is "fragile" and "under threat," former International Monetary Fund director Christine Lagarde says, and is over-reliant on the actions of central banks.

MarketWatchSep 19, 2019
NewsWatch: 3 things NOT to do with your savings now that the Fed has cut interest rates
Already, the Fed's rate cut has affected banks' decision-making.
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