Doug Wolford, Convergent Wealth President & COO, says more people are paying attention to Janet Yellen than are "keeping up with the Kardashians." Craig Columbus, First Allied Asset Management CEO, weighs in.» Read More
World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks fell on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors.
NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched." Wall Street equities were supported by bank stocks like JPMorgan Chase& Co, which outperformed following strong results.
WASHINGTON, July 15- A member of the U.S. Securities and Exchange Commission is vowing to defend the regulator's turf against what he said is growing encroachment by the Federal Reserve and a council of financial regulators on everything from asset manager regulation to high-speed trading.
*Brent crude down 2 pct to April low as Libya supply rises. "This fits in well with our theory that commodity markets peaked out in 2011, and they are all unraveling- crude is following what has happened in gold, copper and more recently the grains," said Anuraag Shah, portfolio manager at Tusker Capital, a hedge fund in Marina Del Rey, California.
Yellen said there were signs of a production and spending rebound in the second quarter, but 'this bears close watching.'
*Libya output rises to 580,000 bpd. World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.
The unusual comments from the Fed's monetary policy report- the first time in 14 years that the Fed has commented specifically on valuation of a particular equity sector- that accompanied Fed Chair Janet Yellen's semi-annual testimony to Congress, hit stocks in riskier sectors of the market.
NEW YORK/ LONDON, July 15- Gold fell below $1,300 an ounce to a four-week low on Tuesday, as the dollar rose and bullion investors focused on a U.S.
WASHINGTON, July 15- The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.
Stocks are slightly lower in midday trading as investors considered the latest batch of corporate earnings and Federal Reserve Chair Janet Yellen's semi-annual economic report to Congress. Yellen told Congress that the Fed intends to keep providing significant support to the U.S. economy to boost growth and improve labor market conditions.
NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the U.S.
Fed Chair Janet Yellen highlights that some sectors, like social media and biotech, are seeing stretched valuations.
Sen.Tom Coburn, (R-Okla.), asks Fed Chair Janet Yellen to explain how the Fed plans to approach asset bubbles in the marketplace. Yellen says we are seeing deterioration in lending standards.
Fed Chair Janet Yellen explains why she thinks it would be a terrible mistake for the Fed to apply specific mathematical rules to inflation and employment.
*China Q2 gross domestic product due on Wednesday. LONDON, July 15- Copper steadied on Tuesday as optimism about demand for industrial metals from top consumer China and dovish comments from the U.S.
CNBC's Steve Liesman breaks down Fed Chair Janet Yellen's comments on "too big to fail" and labor market slack in front of the Senate Banking Committee.
Fed Chair Janet Yellen discusses lower than normal interest rates and the dangers of tightening monetary policy too soon.
*JPMorgan, Goldman up after earnings. *Johnson& Johnson falls after results. Facebook shares lost 2 percent to $66.55.
Fed Chair Janet Yellen explains what metrics the FOMC looks at to taper the pace of purchases and what events could occur to alter the ceasing of purchases in October.