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8/22/2017

European Central Bank President Mario Draghi has expressed concerns that the euro is growing too strongly and will make it difficult to achieve the bank's 2% inflation target, but columnist Mark Gilbert doubts Draghi's efforts to curb the euro's progress will be successful. Gilbert refers to a similar but unsuccessful move by predecessor Jean-Claude Trichet and contends that investors increasingly regard the euro as a safe haven amid political upheavals in the US and UK.

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Bloomberg
8/22/2017

Some expect Federal Reserve Chair Janet Yellen to use her speech at the Jackson Hole, Wyo., economic symposium to announce further interest-rate increases, contrary to market expectations, and an October start to shrink the central bank's balance sheet.

8/22/2017

Lloyd Blankfein, CEO of Goldman Sachs Group, appeared to take a swipe at President Donald Trump via Twitter amid the solar eclipse Monday. "Wish the moon wasn't the only thing casting a shadow across the country," Blankfein tweeted.

8/22/2017

Alaska Airlines helped passengers get a one-of-a-kind view by hosting a three-hour flight that chased the solar eclipse. Royal Caribbean offered the Total Eclipse Cruise, which featured Bonnie Tyler singing her hit song "Total Eclipse of the Heart."

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Skift
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Alaska Airlines, Bonnie Tyler
8/22/2017

Rough recent times for stock markets and the US dollar have provided a stark contrast to the rest of the economy, which has performed well, writes Boris Schlossberg. However, the departure of White House chief strategist Steve Bannon could mean that President Donald Trump will shift his attention to tax reform, helping stocks and the dollar in the process.

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CNBC
8/22/2017

The charts for TJX, parent company of retailer T.J. Maxx, lead technical analyst Bruce Powers, CMT, to contend that it may be ready for a strong breakout. Powers forecasts that it could go on to hit a minimum target of $77.54.

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Investopedia
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TJX, Bruce Powers, T.J. Maxx, CMT
8/22/2017

A panel of experts offers tips to help advisors prepare for client meetings with the goal of strengthening existing relationships and generating new business. Asking specific questions according to the client's status and situation, checking their social media sites beforehand and refreshing the format for showing investment performance are among their suggestions.

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social media
8/22/2017

Ten US sailors are missing and five were injured after a collision involving the USS John S. McCain and an oil tanker east of Singapore. The Navy is conducting a review of its 7th fleet, which is based in the Pacific Ocean and had a fatal collision near Japan in June.

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The Associated Press
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Navy, John S. McCain, oil tanker
8/22/2017

Walmart customers might be able to get installment loans for big-ticket items as soon as this fall through Affirm, a San Francisco financial startup run by PayPal co-founder Max Levchin. The companies reportedly are nearing an agreement on a pilot program.

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Walmart, Max Levchin, PayPal
8/22/2017

Banks are interpreting guidance from regulators as a chance to treat variation-margin payment as settlement for cleared swaps. The legal substance is unambiguous, says Michael Voisin of Linklaters, but the guidance "is effectively confirming what people always thought: that the treatment works in accordance with US regulatory capital rules."