Investors’ attention will turn to Jackson Hole, Wyoming, as policy-makers from around the world gather to talk about how to prevent another global financial crisis. Results from Gap and Sears are also expected.
The Kansas City Federal Reserve’s yearly conference at a mountain retreat in Jackson Hole, Wyoming, draws central bankers and top economists together as the current crisis appears to be easing. Fed Chairman Ben Bernanke speaks on Friday.
Gap’s results will show whether its focus on boosting margins, even as a widespread slump in consumer spending has cut into sales, has been successful.
Eddie Lampert’s efforts to break Sears into five segments and taking his scattered approach to finding a format for growth will be on display when the retailer reports quarterly financials.
August business activity and weekly employment data should reinforce investor expectations that the economy is on the mend.
David Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead in his suburban Virginia home after apparently committing suicide.
Kellermann, 41, was named Freddie Mac’s acting CFO last September after the Treasury Department seized the company, and its sibling mortgage agency Fannie Mae, as the agencies faced deep losses on a crashing U.S. housing market that was rapidly engulfing other financial institutions.
The global economic crisis is the biggest story in modern times and a record audience is turning to Reuters for information you can trust. I share with you some changes we’ve brought to Reuters.com and Reuters.co.uk to help you understand the financial turmoil and benefit from the expertise of our 2,550 journalists around the globe. You’ll notice more headlines from our financial correspondents and more video interviews with business newsmakers. We’ve added a new Economy section, increased our coverage of regulation and will soon relaunch our small business and environment pages.
Our Great Debate section has added more financial commentary from our growing team of Reuters columnists, with technology expert Eric Auchard among the writers joining James Saft, John Kemp and Bernd Debusmann. We also offer more graphics for better insight into the financial markets. And we continue to add specialist blogs, with Hedge Hub providing a place for readers to discuss the hedge fund industry with journalists such as Laurence Fletcher.