Global markets reel as Brexit fears press dollar rise
After a brief rally, European and Asian equity losses resumed and U S stock indexes opened lower. The pound fell to a 31 year low while the dollar strengthens as investors seek safety. Trade data show May exports down and the trade deficit rising. Central banks may cut rates to bolster confidence amid volatility.
MENTIONED IN THIS ARTICLE
Washington
Britain
European Union
Europe
Asia
U.S
Dow
Christopher Vecchio
Fxcm Inc
Greenspan warns of potential stagflation risk in tight money_
In a follow up, former Fed chair Greenspan warned the U.S. could head toward stagflation if money supply growth stays high, noting no time frame. Analysts cite import barriers and demand as inflation drivers while Trump and Clinton push tough trade stances. A Pew survey shows rising disillusionment with the EU beyond Britain.
MENTIONED IN THIS ARTICLE
Ina
Greenspan
U.S
Fed
Allen Sinai
Decision Economics Inc
New York
Donald Trump
China
America
Hillary Clinton
Europe
Fed minutes show uncertainty on U S economy amid May jobs slump
Minutes from the June 14-15 Fed meeting reveal uncertainty about the outlook due to a weak May employment gain, global risks from Britain's EU referendum, and a decision to hold rates steady. Officials awaited the British vote outcome before future hikes, with expectations of possibly only one rate increase in 2016 or none.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Britain
European Union
Fed
Michael Colega
TD Economics
Janet Yellen
Congress
Hoverboard recall tops 500000 units over fire risk
The Consumer Product Safety Commission warns more than 500000 hoverboards recalled after reports of overheated batteries and fires. 99 reports of explosions, 18 injuries and property damage prompted recalls from 10 makers led by Swagway with 267000 units. Owners may seek refunds, repairs, or replacements.
MENTIONED IN THIS ARTICLE
New York
Consumer Product Safety Commission
U.S
CPSC
Swagway LLC
South Bend
Ind
Keenford Ltd
Hong Kong
Swagway
Cpsc.gov
Etsy faces July fourth payment glitch with Worldpay delays
Etsy A G payments system slowdown caused by a Worldpay gateway issue delayed settlements for a small number of customers over the July 4 weekend. Merchants reported hours of processing delays and backlogs while Etsy and Worldpay worked to fix the outage and communicate with buyers.
MENTIONED IN THIS ARTICLE
Etsy Inc
Worldpay Group
Massie
Worldpay
Etsy
PayPal
Post
Reddit
Brooklyn
N.Y
St. Valentine's Day
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Don Lee
Los Angeles Times
Ing
Commerce Department
U.S. Treasury
Marc Chandler
Chandler
Beijing
UBS Securities
MCU Ce
CMU
Manhattan
Empire State Building
Joseph Pisani
Associated Press
Bill Massie
Etsy Payments
Deb Turcio
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