Etihad builds global network with luxury flights and stakes
Etihad Airways pursues rapid international growth by investing in other airlines and offering ultra luxury $20,000 suites on select flights. CEO James Hogan cites partnerships with Alitalia Air Serbia Virgin Australia Jet Airways Aer Lingus and plans expansions including London and New York routes. Rival concerns over subsidies persist amid UAE preclearance moves and expanded A380 services.
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SEC pushes uniform fiduciary duty for brokers and advisers
SEC Chair Mary Jo White urges a uniform standard requiring brokers and investment advisers to act in investors best interests at a Tuesday conference. The White House backs higher retirement account standards and aligns adviser rules with broker duties. Apple reportedly plans a TV streaming service priced at 30 to 40 dollars a month, weighing on cable and satellite shares including Cablevision and Comcast while Apple rose 1.7 percent to 127 dollars.
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Unemployment Rates Fall in Two States in January
The Labor Department reported unemployment rates fell in two states in January, rose in eight, and were unchanged in 18. North Dakota posted the lowest rate at 2.8 percent while Mississippi and Nevada tied for the highest at 7.1 percent. The USA Snapshots note discusses cheaper auto loans and financing options with percentage differences to the average rate.
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Patient language could move markets after Fed meeting
Markets react to one word in the Fed statement. If the Fed omits patient, rate hikes may come as soon as June. Analysts weigh three scenarios: keep patient, drop patient with patience, or drop language and be dovish. Outcomes vary for stocks bonds and the dollar with different market moves.
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Wall Street
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Bill Hornbarger
Moneta Group
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Farr Miller & Washington
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Prudential Financial
Fed waits to end patient stance with possible rate rise
The Federal Reserve signals it will begin raising rates this year, possibly as soon as June 17, ending the "patient" approach after six years of near-zero policy. Markets remain unprepared for shifts as the central bank aims to normalize after the financial crisis.
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