Asian shares lurch lower as Fed seen plotting faster rate hikes
SYDNEY (Reuters) – Asian shares faltered on Wednesday and bonds were sold off as risk appetite soured after comments from new Federal Reserve Chair revived fears about faster rate rises in the United States.
Morgan Stanley revises earnings, boosts compensation after U.S. tax change
NEW YORK (Reuters) – The new U.S. tax law has taken a bigger bite out of Morgan Stanley’s 2017 earnings than it initially expected and led its board to boost top executives’ deferred compensation from prior years, the Wall Street bank said on Tuesday.
Fed chair’s debut wins Wall Street praise despite stock drop
NEW YORK (Reuters) – The stock market’s first-day response to the debut of the new Federal Reserve chief should not be taken as Wall Street’s last word on his performance.
U.S. state officials offer Delta new home amid NRA blowback
(Reuters) – Several state officials on Tuesday offered Delta Air Lines a new place to call home after a Georgia legislator said he would kill lucrative tax benefits to the Atlanta-based carrier as retribution for its decision to sever ties with the Na…
A question of interest at the heart of debate over GM Korea rescue
SEOUL (Reuters) – For years, General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly $3 billion in loans to its loss-making South Korean unit, according to three sources and documents seen by Reuters.
Wall Street sinks as Powell’s comments fuel rate worries
NEW YORK (Reuters) – U.S. stocks suffered on Tuesday their biggest daily drops since the selloff three weeks ago after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year.
Fed’s Powell nods to stronger economy, backs gradual rate hike path
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the U.S. central bank, vowed on Tuesday to prevent the economy from overheating while sticking with a plan to gradually raise interest rates.
Nike defeats appeal over iconic Michael Jordan photo, Jumpman logo
(Reuters) – Nike Inc on Tuesday defeated an appeal by a renowned photographer who accused the sportswear company of ripping off his iconic photo of basketball superstar Michael Jordan, and using it to create its silhouetted “Jumpman” logo.
Wall Street falls as Powell’s comments fuel rate worries
NEW YORK (Reuters) – U.S. stocks declined on Tuesday after Federal Reserve Chairman Jerome Powell gave an upbeat view on the U.S. economy and said data has strengthened his confidence on inflation.
Macy’s shares jump at first sign of sales turnaround
NEW YORK (Reuters) – Macy’s Inc on Tuesday said sales at established stores could mark their first annual gain in four years, pinning its hopes on a new loyalty program, more off-price selling and private-label brands.
