Author: super@dmin

Chinese officials greeted the lower-than-expected GDP print from last week with comments that underlined their pro-business approach to China’s private sector and stock market. But while equity markets got excited about the prospect of more accommodative fiscal policy, China’s yuan didn’t. Here is why. China’s gross domestic product grew at 6.5% between July and September,…

Silvia Ascarelli/MarketWatch A sign of tight labor markets in New Jersey. The Fed’s snapshot: Wages and prices moved higher in the Federal Reserve’s 12 districts through mid-October but not faster than a “modest to moderate” pace, according to the latest Beige Book report released by the central bank on Wednesday. Districts across the country reported…

The U.S. dollar climbed to a more than two-month high on Wednesday, as European currencies weakened on the back of poor economic data and political worries. U.S. traders were also digesting comments made by President Donald Trump, who once against criticized Federal Reserve Chairman Jerome Powell and the central bank’s gradual tightening of monetary policy…

If you think you’re getting a good deal from your current credit-card provider, think again. Chances are you’re paying too much in interest or fees, and getting fewer rewards than you realize, a new report suggests. Even if you’re getting back more in rewards than you pay in interest and fees — you’re almost certainly…

MarketWatch photo illustration/Getty Images, iStockphoto Given all of the criticism President Donald Trump has heaped on Jerome Powell in recent weeks, how might the Federal Reserve chairman respond? Trump took aim at Powell again on Tuesday, saying in an interview with The Wall Street Journal that Powell “almost looks like he’s happy raising rates.” Read:…

On the face of it, Tuesday’s earnings report from Dow Jones Industrial Average member 3M  wasn’t so bad: Third-quarter profit per share rose 11%, while revenue in dollars slipped a bit, led by currency fluctuations and a slowdown in sales to China. Then 3M shares MMM, -3.15% dropped 8%. Mr. Market was not amused. 3M’s…

Deutsche Bank AG shares were hovering near an all-time low on Wednesday, as the German financial giant got hit hard by earnings news, action which bucked overall upbeat markets elsewhere, as Europe stocks shot higher. How did markets perform? The Stoxx Europe 600 SXXP, -0.10%  rose 0.9% to 357.38, partly retracing Tuesday’s loss of 1.6%.…

Some crazy lucky person is $1.6 billion richer this morning, but chances are slim it’s you, unfortunately. Here’s some Mega Millions perspective from Deutsche Bank’s Jim Reid: “To put this mind-boggling sum in some context…the Bloomberg global equity index lost $637 billion in market cap yesterday (Tuesday). So we’ll need a few lottery winners to…