Mark Carney

The world's biggest banks are planning on pulling an all-nighter June 23–24 as they are expected to draft in senior traders to work after Britain's EU membership referendum, the long-awaited "Brexit" vote. According to a Reuters report, Wednesday into Thursday is "set to be among the most...

Inflation in the United Kingdom fell to zero in January and February, the lowest level on record, according to the Office for National Statistics. But excluding energy and food prices, February's inflation rate was 1.2 percent. "As in most recent months, this indicates that most of...

Next week will be relatively slow with few economic releases due out and only a handful of stocks to post their quarterly earnings. The Bank of England’s policy meeting will be in focus as BOE Governor Mark Carney hinted that the bank may start raising interest rates sooner than expected...

U.S. stocks declined as the recent round of violence in Iraq may have escalated following reports that Syrian warplanes conducted raids in western Iraq, killing at least 50 people. The CBOE Volatility Index, also referred to as the "fear index", rose more than ten percent, trading...

Markets rallied after news that productive talks between Republican leaders and President Obama on Thursday may have resulted in a proposal which will put an end to the debt standoff; at least temporarily. A GOP proposal to extend the US government’s borrowing authority for six weeks in...

US markets were lifted by positive jobs data which added to the case for a Federal Reserve taper in the coming month. Initial jobless claims fell by 5,000, which beat expectations and marginally boosted US shares. However, global shares will likely be depressed in the coming weeks as rocky US...

Markets saw some relief as imminent military strikes in Syria became less and less likely. The US is facing opposition after the Obama administration declared that they would punish Syrian President Bashar al-Assad for his involvement in a chemical weapons strike. It is not likely that Obama will...

Markets have been taking a beating as investors keep tabs on tension between the US and Syria over the Syrian government’s alleged use of chemical weapons against its civilians. The US government has taken a firm stance, saying Syrian President Bashar al-Assad’s involvement in a...

There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful or just down right comical. 1. James Mackintosh James Mackintosh (@jmackin2) of the Financial Times tweeted out a great...

Early Wednesday, the Bank of England, led by Governor Mark Carney, formally adopted forward rate guidance. The BoE became just the second major central bank to adopt such policies, following Ben Bernanke of the Federal Reserve in tying rate hikes and other policy initiatives explicitly to economic...

Futures Lower After Asia Sell-Off U.S. equity futures were lower in early pre-market trade following a sharp sell-off overnight in Asia, which saw Japanese stocks drop 4 percent. Also, markets will have their eyes on Elon Musk as his two companies are set to report earnings today. Top News In...

Futures Flat Ahead of Fed Speak U.S. equity futures traded flat in early pre-market trade ahead of some key earnings reports, notably from drug store chain CVS (NYSE: CVS). Also, a speech from Fed President Charles Evans could move markets this morning. Top News In other news around the markets...

While most Americans were eating hot dogs and celebrating the birth date of the United States, the Bank of England and the European Central Bank took unprecedented steps in launching forward guidance in their interest rate decisions. The move sent shares higher and the pound and the euro...