Most Clicked CFA Institute Financial NewsBrief Stories

1. Obama calls for broad range of programs to help middle class

CFA Institute Financial NewsBrief | Jan 21, 2015

President Barack Obama used his State of the Union address to propose tax breaks and spending initiatives aimed at helping the middle class, as well as higher taxes for the wealthy to pay for them. Obama called for free community college, a child care tax credit and a tax benefit for two-income families. Obama said he will veto any efforts to repeal the federal health care program or block his executive action on immigration. Bloomberg (20 Jan.) New York Times (tiered subscription model), The (20 Jan.) Los Angeles Times (tiered subscription model) (20 Jan.)

2. Saudi Arabia expected to keep oil exports high under new king

CFA Institute Financial NewsBrief | Jan 23, 2015

Saudi Arabia will maintain its policy of high crude production and low prices to avoid losing its share of the energy market under new ruler King Salman, experts say. He assumed power with the death of King Abdullah. Salman has publicly given strong support for the country's oil policies. Quartz (22 Jan.) Bloomberg (23 Jan.) Vox (22 Jan.)

3. Victorious Greek leader pledges no conflict with creditors

CFA Institute Financial NewsBrief | Jan 26, 2015

Alexis Tsipras, leader of Greece's anti-austerity Syriza party, which won national elections, said the nation will end its harsh austerity program through negotiation and will not engage in conflict with creditors. "The new Greek government is ready to cooperate and negotiate with Greece's partners a just and viable solution," he said. "There will be no catastrophic clash" with creditors, he said. Market News International (25 Jan.) Kathimerini (Greece) (26 Jan.) Deutsche Welle (Germany) (26 Jan.)

4. ECB debuts aggressive bond-buying initiative

CFA Institute Financial NewsBrief | Jan 23, 2015

The European Central Bank has exceeded expectations by agreeing to buy €60 billion in government bonds per month, in addition to purchases of asset-backed securities and covered bonds. Investors have welcomed the ECB's vow to flood the market with more than €1 trillion. However, President Mario Draghi cautions that ECB action won't be enough to get the economy back on track. "What monetary policy can do is create the basis for growth," he said. "But for growth to pick up, you need investment; for investment, you need confidence; and for confidence, you need structural reform." Reuters (22 Jan.) Bloomberg Businessweek (22 Jan.) Wall Street Journal (tiered subscription model), The (22 Jan.) Financial Times (tiered subscription model) (22 Jan.)

5. WEF delegates chide Europe, laud U.S.

CFA Institute Financial NewsBrief | Jan 22, 2015

Attendees of the World Economic Forum in Davos, Switzerland, have praised the U.S. for turning its economy around but criticized Europe for not rekindling growth after the financial crisis. Bloomberg Businessweek (21 Jan.)

6. Canada makes surprise cut to benchmark interest rate

CFA Institute Financial NewsBrief | Jan 22, 2015

The Canadian central bank surprised economists and traders with an interest-rate cut that brings the overnight rate among commercial banks to 0.75%. The Bank of Canada said it acted to protect the economy from risk brought on by plunging oil prices. Pensions & Investments (free access for SmartBrief readers) (21 Jan.) (Canada) (21 Jan.)

7. ECB expected to buy €50B in sovereign bonds per month

CFA Institute Financial NewsBrief | Jan 22, 2015

European Central Bank President Mario Draghi's plan for quantitative easing calls for purchasing €50 billion in government bonds each month through December 2016, two eurozone central bank officials say. The plan must pass judgment of the Governing Council and could change before finalization. A decision is expected Thursday. Financial Times (tiered subscription model) (21 Jan.) Bloomberg Businessweek (21 Jan.)

8. Energy investment threatened by weak oil prices, IEA says

CFA Institute Financial NewsBrief | Jan 22, 2015

In the coming decade, energy supplies could fall short of what the world needs because of volatility and falling prices in the oil markets, said Maria Van Der Hoeven, the International Energy Agency's executive director. There is a growing reluctance to invest in energy projects, not just those using oil, she said. Bloomberg (21 Jan.)

9. Obama promises veto of GOP effort to weaken Dodd-Frank

CFA Institute Financial NewsBrief | Jan 21, 2015

President Barack Obama used his State of the Union speech to promise a veto against Republican-backed legislation that would undo provisions of the Dodd-Frank Act. He said he will block legislation "unraveling the new rules on Wall Street." Bloomberg (20 Jan.)

10. Japan running out of workers to fill jobs

CFA Institute Financial NewsBrief | Jan 22, 2015

As Japan's population ages, there are now more jobs than people available to do the work. About 1 million people are disappearing from the workforce every year, and the government's proposal to bring in more foreign workers was abandoned after it encountered strong political opposition. (21 Jan.)