Monthly Archives: September 2015

Caterpillar to Cut 10,000 Jobs Over the Next Four Years

On Thursday, September 24th, Caterpillar announced that it will lay off 10,000 employees or about 9% of its workforce over the next four years – with about 5,000 in this year alone. This comes as a result of declining commodity … Continue reading

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China’s President Xi Visits the United States

On Friday, September 25th, the U.S. and China have announced an agreement not to instigate or support cyber espionage for commercial gain, as well as to work together to combat these attacks. However, it is unclear how this agreement will … Continue reading

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Treasury Yield at Zero Highlight Concerns Over Risk

On Tuesday, September 22nd, there was a record number of bids on one-month Treasurys with an interest rate of zero. The ratio of bids submitted was 9.47, more than double the 4.07 at the previous auction held a week earlier. … Continue reading

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Brazil’s Real Hits A New Low

On Thursday, September 24th, the Brazilian real hit its weakest point since the currency was introduced in 1994. Trading as low as 4.24 to the dollar, the real has lost over 35% of its value against the dollar so far … Continue reading

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Markets Lift After Fed Chair Yellen Indicates 2015 Rate Rise

On Thursday, September 24th, Janet Yellen, Federal Reserve Chairwoman, spoke in Massachusetts on the high likelihood of a federal-funds interest rate increase in time for the end of 2015. Yellen argued volatility in Asian markets and lackluster inflation rate data … Continue reading

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Goldman CEO Lloyd Blankfein Has Cancer

On Tuesday, September 22nd, Lloyd Blankfein, Chairman and CEO of Goldman Sachs, announced that he has been diagnosed with lymphoma, a type of blood cancer, but is reasonably optimistic of a full recovery. Inevitably, the financial sector is wondering the … Continue reading

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Bank of America Shareholders Allow CEO To Remain Chairman

On Tuesday, September 22nd, Bank of America Corp. shareholders voted to allow CEO and Chairman Brian Moynihan to retain both positions at the company as it continues to endure a slow rebound over the past six years. A group of … Continue reading

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