These stocks are your morning movers: Bloomberg News Shares of Lululemon Athletica (LULU) have dropped 3{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to $62.90 after the yoga-wear retailer had its rating slashed to Sell from Neutral at Goldman Sachs. Bank of America (BAC) has gained 2.9{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to $16.45 after its positive stress-test results defied … Read entire story.
Source: Stocks to Watch
The BoC, BoE, and Fed will all be updating markets on their recent perspectives and implications on monetary policy today.
Administrative note: There will be no articles this upcoming Friday or Monday, due to the holidays. The regular posting schedule will resume the following Friday (1/2). I hope you all enjoy your holidays! A reader writes in, asking: “How much can I give per year without having to …
by Joseph Joyce To fix or not to fix: Jeffry Frieden’s “Currency Politics” The decision by the Swiss National Bank to abandon its peg to the euro serves as an example of the relatively limited life spans of fixed exchange rate regimes. While the fragility of exchange rate commitments has …