The Other Side of Life 24/7: Daily Investor Briefing: Gasoline dampens U.S. inflation;...

Friday, January 16, 2015

Daily Investor Briefing: Gasoline dampens U.S. inflation;...

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01/16/2015

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Gasoline dampens U.S. inflation; mid-year rate hike in doubt

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest drop in six years in December and a gauge of underlying inflation was flat, which could make the Federal Reserve more cautious about raising interest rates.

Wall Street up after five down days, helped by data, energy

NEW YORK (Reuters) - U.S. stocks bounced back after five sessions of losses on Friday, along with a sharp rebound in energy shares, following data that signaled the U.S. economy was on track for solid growth.

Oil closes up for first week in eight after supportive reports

NEW YORK (Reuters) - U.S. crude oil prices staunched seven weeks of losses rising 33 cents on the week as it rallied just before settlement because of short covering ahead of the contract expiration Tuesday.

Swiss franc shock shuts some FX brokers; regulators move in

LONDON (Reuters) - The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector.

Low inflation no bar to rate rise, U.S. Fed officials say

SAN FRANCISCO (Reuters) - The Federal Reserve is still on track for a potential mid-year interest-rate increase, a top Fed official said on Friday, citing strong U.S. economic momentum and a falling unemployment rate.

For U.S. stocks, investors mull a correction

NEW YORK (Reuters) - Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains.

Goldman Sachs profit hit by weak fixed-income trading

(Reuters) - Goldman Sachs Group Inc reported a 7 percent drop in fourth-quarter profit as sharp market moves in December hit its bond-trading business.

Citi lost more than $150 million on currency swings: Bloomberg

(Reuters) - Citigroup Inc , the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported.

U.S. bank results signal bonus dip for London and New York bankers

LONDON (Reuters) - London and Wall Street bankers look set to get slightly lower bonuses for 2014 than the year before, based on pay details released this week by big U.S. banks and expectations in the industry.

Exclusive: GE finances first A350 powered by rival Rolls-Royce

PARIS (Reuters) - When the Airbus A350 jet made its commercial debut with Qatar Airways this week, the event marked a milestone for engine supplier Rolls-Royce -- but slipping unnoticed under the radar with financing was its arch-rival General Electric .