April 17, New York: Financial Capability Steps into the Marketplace
In partnership with the Center for Financial Services Innovation (CFSI), our live-webcast session featured four of the twelve finalists of the FinCanDev competition, a nationwide, $100,000 challenge to develop new mobile apps to help working Americans make smart financial choices and get better access to financial services. Through this competition, fully functioning, high-impact apps will be brought to market and available for consumers to use. The forum also featured a panel focused on the innovative work our Listed Companies are doing to promote improved financial access and capability for underserved consumers.
CFSI President and CEO Jennifer Tescher discussed the...
U.S. equity indexes experienced a moderate pullback today, and the dollar fell against the euro after U.S. economic reports on housing, labor and regional business conditions pointed to soft spots in the second quarter. Technology was the only major sector in positive territory, while Consumer Discretionary and Healthcare led declines. Crude Oil is higher, and Gold is lower.
Today’s U.S. economic data showed Housing Starts fell 16.5% to a five-month low of 853K, Jobless Claims jumped 32K to a six-week high of 360K, and the cost of living fell 0.4% in April, dropping for a second month, in the first back-to-back declines in inflation since late 2008.
West Texas Intermediate Crude rose on speculation that central banks will bolster stimulus, and Gold futures fell, as the commodity continues to struggle. U.S. filings showed that George Soros and Blackrock Inc. cut stakes in exchange-traded...
The Brazilian-American Chamber of Commerce, in conjunction with the Financial Times and BNY Mellon, will visit the New York Stock Exchange (NYSE) on Thursday, May 16, 2013 to celebrate its 43rd annual Person of the Year Awards.
To mark the occasion, Professor Luciano Coutinho, President of the Brazilian Development Bank (BNDES), and 2013 Person of the Year honoree, along with executives of the Brazilian-American Chamber of Commerce, the Financial Times and BNY Mellon, will ring The Closing Bell® .
The Person of the Year Awards honors two outstanding leaders (one Brazilian and one American) who have been instrumental in forging closer ties between the two nations. Each year, more than 800 leaders from the international business, financial and diplomatic communities convene in New York...
From The Trading Floor: Stocks are trading in mixed territory this morning in a somewhat lackluster session as weaker than expected jobless claims and housing starts have given investors a reason to pause.
Jobless Claims jumped by 32,000 to 360,000 in the week ending May 11th, the highest level in 6 weeks, raising some concern that a slowdown in economic growth could bring about increased layoffs.
The Consumer Price Index decrease 0.4% in April, the biggest decrease since December 2008 as fuel prices decreased
Housing Starts in the U.S. fell by -16.5% to 853,000 in April, a 5 month low, indicating a pause in the industry’s progress
Building Permits surged to 1017K, almost a 5 year high, a signal that residential construction will continue its recovery.
The monthly Bloomberg consumer economic expectations gauge rose to -1 from -4 in April showing that Americans are looking beyond the current...
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