The Traderszone Network

Stephenson said a key reason for increasing pessimism about capital spending and hiring was concerns among the CEOs that Congress may not extend a series of temporary tax breaks, including credits related to research and development.

Unlike a hurricane, tornado or snowstorm, the ends and beginning of droughts are very hard to predict.

Maybe this is what happens when a central bank becomes too transparent.

The owner of British Airways and Iberia has given shareholders a rough ride.

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Bank of America gave up billions in annual revenue by phasing out certain fees and risky banking products.

From Goldman’s Yu Song:

Domestic media (Sina) reported that the PBOC conducted RMB 500bn of Standing Lending Facility operations with the big 5 commercial banks (ICBC, BOC, BoCOM, CCB, ABC). The reports note that the duration is 3 months and the RMB 500 bn is evenly split among the banks. This amount is roughly the same as a 50 bps cut to RRR for the whole banking system on a static basis (though the impacts of RRR cuts tend to be larger because they have ongoing effects).

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The travel industry has taken a dive into the debate of whether new jobs created since the recession are worse than the old jobs.