Fed confidence in the U.S. economy starts to wane
In Thursday's Breakfast with Benjamin, oil prices and consumer spending add a hint of concern about the economy to the Federal Reserve's outlook. Plus: Fido app adds new twist to stock picking, retired Franklin Resources billionaire tangles history, and BlackRock added as many ETFs as it shut down last year.
- The Fed’s general and persistent optimism about the U.S. economy lets in a hint of concern over oil prices and consumer spending. Rate hikes? They’ll keep us guessing. Optimism that the economy could shift to a somewhat higher gear
- Hats off to Fidelity Investments for making the stock selection process a little bit like picking a restaurant. Not sure I’ll download the app, but I like the way they’re thinking over at Fido. ‘Obviously we want (investors) to do more research than that’
- A long and winding trail that pits a Franklin Resources billionaire against an early investor’s heir. The 4,000 shares of stock became 2.5 million shares
- When it comes to the swelling ranks of the nearly 1,700 exchange traded funds, is ETF powerhouse BlackRock adding to or subtracting from the general confusion? It turns out the answer is, both. In 2014, BlackRock launched as many ETFs as it shut down
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