Latest Market News
A new section has been published in the FAQs on supplementary pensions. Employers can find answers here to questions that arise in practice. The new section focuses on the management of the supplementary pension plan by a pension institution (Dutch – French). Source: FSMA
The Financial Services and Markets Authority (FSMA) warns the public against the activities of SSS Services, a company that offers investment services without complying with Belgian financial legislation. SSS Services is not allowed to provide banking and/or investment services in or from Belgium. Furthermore, the FSMA reminds the public that since 18 August 2016, no […]
JPMorgan Chase & Co. JPM, +0.47% CFO Jeremy Barnum said Friday the bank remains confident it’ll achieve its target of 17% return on average tangible common shareholders’ equity (ROTCE). “We feel really good about the 17%,” Barnum said in comments at the 23rd Annual Credit Suisse Financial Services Forum. While some M&A deals have been […]
Kraft Heinz Co. KHC, +1.77% announced a partnership with Google GOOG, -1.39% google on Friday that’s intended to further the food company’s digital transformation. Kraft will use machine learning tools to help with new flavors and products, improve shopper engagement using Google Cloud products, and use platforms like Google Ads and YouTube for marketing. Kraft […]
Stocks were mostly higher but little changed overall after the opening bell Friday as investors monitored prospects of a Russian invasion of Ukraine and assessed the speed and scope of Federal Reserve rate hikes. The Dow Jones Industrial Average DJIA, -0.68% fell 40 points, or 0.1%, to 34,272, while the S&P 500 SPX, -0.72% edged […]
During a discussion at Columbia University, the head of the St. Louis FRB, James Bullard, warned that without urgent action to raise interest rates, inflation could worsen further, writes CNBC.“Now we are at greater risk than ever; inflation could get out of hand,” he said, calling for a full percentage point rate hike by July.According […]