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Showing posts from November, 2016

FTC Competition Matters - November 30, 2016: FTC @ OECD

By Krisztian Katona, Office of International Affairs November 30, 2016

NYT | Energy and Environment on November 30, 2016: OPEC Reaches Deal to Limit Production, Sending Prices Soaring   Stanley Reed and Clifford Krauss The deal shows that “the weight and resilience of OPEC is still there and will continue to be,” Qatar’s energy minister, Mohammed bin Saleh al-Sada, said at a news conference on Wednesday.

WSJ | Major Indexes Closing on November 30, 2016.

The Wall Street Journal Major Indexes Closing Major Indexes

Wall Street Closing Report on November 30, 2016: Dow, S&P Post Best Month Since March; Energy Stocks Skyrocket 5% Amid OPEC Deal Fred Imbert   Stocks closed mixed on Wednesday, the last day of the month, as energy stocks surging on an OPEC deal to cut production, while investors digested solid economic data.

FTC Press Release on November 30, 2016: FTC Issues Annual Report On Ethanol Market Concentration

The Federal Trade Commission has issued its 2016 Report on Ethanol Market Concentration , an annual report required by the Energy Policy Act of 2005 “to determine whether there is sufficient competition among industry participants to avoid price-setting and other anticompetitive behavior.” As in prior years, the 2016 report concludes that “the low level of concentration and large number of market participants in the U.S. ethanol production industry continue to suggest that the exercise of market power to set prices, or coordination on price and output levels, is unlikely.”

FRB Beige Book - November 30, 2016

Beige Book More Information View Archive Frequently Asked Questions Summary of Commentary on Current Economic Conditions by Federal Reserve District

SEC. Litigation Release - November 30, 2016: Harrison Katzen

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 23696 / November 30, 2016 Securities and Exchange Commission v. Harrison Katzen, No. 16-cv-06606 (E.D.N.Y.) SEC Charges Former Employee of Florida-Based Transfer Agent for Role in Offering Fraud

The Guardian | Opinion | Donald Trump Opinions - November 30, 2016: Frightened by Donald Trump? You Don't Know The Half Of It, by Gerge Monbiot   George Monbiot   Y es, Donald Trump’s politics are incoherent. But those who surround him know just what they want, and his lack of clarity enhances their power. To understand what is coming, we need to understand who they are. I know all too well, because I have spent the past 15 years fighting them.

FRB Speech - November 30, 2016: Speech by Governor Powell on a View From The Fed

Speech Other Formats 126 KB PDF Governor Jerome H. Powell At the "Understanding Fedspeak" event cosponsored by the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution and the Center for Financial Economics at Johns Hopkins University, Washington, D.C. November 30, 2016

FRB Press Release - November 30, 2016: Federal Reserve Board Publishes Report Containing Summary Information on Debit Card Transactions in 2015

Press Release Release Date: November 30, 2016  The Federal Reserve Board on Wednesday published a report on debit card transactions in 2015, including summary information on the volume and value, interchange fee revenue, certain issuer costs, and fraud losses. The report is the fourth in a series to be published every two years pursuant to section 920 of the Electronic Fund Transfer Act (EFTA).

European Markets Closing Report on November 30, 2016: Europe Closes Higher as OPEC Agrees Production Cut   Silvia Amaro, Sam Meredith   European markets closed higher on Wednesday afternoon as investors cheered an agreement among OPEC members to cut production and closely followed political developments in Italy.

United States International Trade Commission News Releases - November 30, 2016: USITC Institutes Section 337 Investigation of Certain UV Curable Coatings for Optical Fibers, Coated Optical Fibers, and Products Containing Same

November 30, 2016 News Release 16-149 Inv. No. 337-TA-1031 Contact: Peg O'Laughlin, 202-205-1819   USITC Institutes Section 337 Investigation of Certain UV Curable Coatings for Optical Fibers, Coated Optical Fibers, and Products Containing Same

Bloomberg Markets - November 30, 2016: Five Things You Need to Know to Start Your Day  by Lorcan Roche Kelly Get caught up on what's moving markets. November 30, 2016 It's OPEC day, Trump is said to pick Mnuchin for Treasury Secretary, and Carney fires back at Draghi. Here are some of the things people in markets are talking about today.

Bloomberg View | Economics - November 30, 2016: Give Trump's Infrastructure Plans a Chance   Noah Smith   Donald Trump’s plans for infrastructure spending are finally materializing, and they already have no shortage of critics. But I think the critics should ease up, and give the president-elect a chance.

U.S. Stock Market Future Indications - November 30, 2016: Wall Street Points to Higher Open on Soaring Oil Prices; OPEC Meeting in Focus   Sam Meredith   U.S. stock index futures pointed to a higher open on Wednesday as traders eyed a sharp jump in oil prices ahead of a potential production cut deal from OPEC.

Asian Markets Closing Report on November 30, 2016: Asian Shares Largely Lifted by Positive Day for Wall Street   Ese Erheriene    Stock markets in Asia were mixed Wednesday, as a positive lead from Wall Street was offset by investor concerns that key oil-producing nations won’t be able to seal a deal to cut global production. Japan’s Nikkei Stock Average NIK, +0.01%  closed flat, after earlier opening at its highest level in two days, while Hong Kong’s Hang Seng Index

Search Engine Land - November 29, 2016: Google's Machine Learning Now Writes Feature Snippets Descriptions   Barry Schwartz on November 29, 2016  A Wired article explains how Google is now using machine learning to understand and produce featured snippets in the Google search results. Google “just went live” on their desktop search results with what they call “sentence-compression algorithms.” This sentence compression is able to learn how “to take a long sentence or paragraph from a relevant page on the web and extract the upshot — the information you’re looking for,” Wired added.

The Guardian | UK | Law | Child Labor - November 30, 2016 (00:01 GMT): Firms Such as Kellogg's, Unilever and Nestlé "Use Child-Labor Palm Oil"   Rob Davies   Global firms behind popular brands such as Kit Kat, Colgate toothpaste and Dove cosmetics use palm oil produced by child workers in dangerous conditions, Amnesty International has claimed.

The Guardian | Opinion | Columnist | The Guardian Education - November 30, 2016: International Maths and Science Rankings: Keep Calm but Change Direction   Peter Goss   T he latest international test results for maths and science have been released, and yet again, they paint a picture of stagnating outcomes in Australian schools. Relative to other countries, we are actually slipping backwards – and fast.

NYT | Economy - November 29, 2016: China Tightens Controls on Overseas Use of Its Currency Keith Bradsher The headquarters of the People’s Bank of China, the central bank, in Beijing. The decision to restrict overseas use of the renminbi is a setback in China’s long-term drive to turn the currency into a rival to the dollar and the euro for international finance. Jason Lee/Reuters SHANGHAI — As an exodus of money adds to the pressure on a slowing economy, regulators are trying to put the brakes on overseas use of China ’s currency by increasing the scrutiny of certain overseas deals. The decision to restrict overseas use of the renminbi represents a setback in China’s long-term drive to turn the currency into a rival to the dollar and euro in the global marketplace. Beijing had pursued a greater role for the renminbi as a way to increase its economic influence. Part of the renminbi’s appeal in international finance was that most C

WSJ | Major Indexes Closing on November 29, 2016

The Wall Street Journal Major Indexes Closing Major Indexes

Wall Street Closing Report on November 29, 2016: Stocks Close Higher as Health Care, Real Estate Lead; Oil Tumbles 3.9% Amid OPEC Uncertainty   Fred Imbert   U.S. equities closed higher on Tuesday, led by health care and real estate, as investors digested falling oil prices ahead of a key OPEC meeting, as well as economic data.

CM MetalsI Spot Prices Closing on November 29, 2016

Spot Prices as of traditional New York closing times Tuesday, November 29, 2016

TF Metals Report - November 29, 2016: The USDJPY & the Price of Gold   By Turd Ferguson | Tuesday, November 29, 2016 at 11:07 am   Well, we've finally reached "contract expiration" day as the Dec16 Comex gold and silver contracts go off the board and into "delivery" at the close today. With total Comex open interest now back to the levels of last December, could price finally be near a bottom? As usual, we must look at the USDJPY for clues.

FDIC Press Release - November 29, 2016: Net Income Rises to $45.6 Billion at FDIC-Insured Institutions In Third Quarter 2016 - Community Bank Net Income Rises to $5.6 Billion

Press Release FOR IMMEDIATE RELEASE November 29, 2016

SEC Press Release - November 29, 2016: SEC Votes to Renew Equity Market Structure Advisory Committee

The Securities and Exchange Commission today announced that the Commission voted to renew the Equity Market Structure Advisory Committee’s charter until August 2017 with the current membership.  The committee’s charter was originally scheduled to expire in February 2017.

ESA - Gross Domestic Product - November 29, 2016: RGDP Increased at an Annual Rate of 3.2% in The First Quarter of 2016 According To Today's Second Estimate.

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2016, according to today’s second estimate. Profits from current production increased $133.8 billion in the third quarter, after decreasing $12.5 billion in the second quarter. PDF: EconStats

Bloomberg Markets - November 29, 2016: Five Things You Need to Know to Start Your Day by Lorcan Roche Kelly Novembe . r 29, 2016 — 5:59 AM EST An OPEC deal remains elusive, U.K.'s Brexit strategy is (possibly) revealed, and UBS says traders have Trump all wrong. Here are some of the things people in markets are talking about today.

Bloomberg View | Culture - November 29, 2016: Donald Trump, First President of Our Post-Literate Age   Joe Weisenthal   In the wake of the 2016 presidential election, the media has worked itself into a panic about the rise of fake news on social media. Reporters have examined the subject from dozens of angles -- profiling misinformation peddlers from California to the Caucasus , analyzing how hoaxes spread , raising red flags about media literacy , and much more .

U.S. Stock Market Market Future Indications - November 29, 2016: U.S. Stocks on Pace for Muted Open as Analysts Argue Traders "Got Carried Away" Victor Reklaitis U.S. stock futures on Tuesday pointed to little change at the open, as analysts argued the post-election rally has run its course.

Asian Markets Closing Report on November 29, 2016: South Korean Shares Retrace Losses as Park Looks to Exit   Saheli Roy Choudhury   South Korean shares retraced losses late Tuesday afternoon, as investors reacted to a televised speech by President Park Geun-hye offering to step down through a legal process, according to reports. Park, who is embroiled in an influence-peddling scandal, apologized and said she would step down from her position in accordance with the law, asking legislators to aid her in handing over power with minimal political unrest, said Reuters.

U.S. Department of Commerce Communications: Trade and Investment (11/28/16)

Trade & Investment  ( 11/28/16 ) Weekly updates on what we're doing to expand the U.S. economy through increased exports and inward foreign investment. U.S. and Chinese Delegations Conclude the 27th Session of the U.S.-China Joint Commission on Commerce and Trade 11/23/2016 U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman led a U.S. delegation in discussions with Vice Premier Wang Yang and other Chinese government officials as part of the 27th session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) in Washington. U.S. Secretary of Agriculture Tom Vilsack and U.S. Ambassador to China Max Baucus also participated in this year’s JCCT, the last of the Obama Administration. At the conclusion of the discussions, the United States announced key outcomes in the areas of intellectual property protection, pharmaceutical and medical devices, and information security policies. Secretary Pritzker Deli