Wall Street drops as caution sets in ahead of inflation data
(Reuters) – Wall Street’s main indexes fell for the first time in three sessions on Tuesday as caution crept in ahead of crucial data on inflation, a root cause of the recent sell-off.
Whistleblower alleges manipulation of Cboe volatility index
NEW YORK (Reuters) – Wall Street’s most widely followed gauge of future stock market volatility is being manipulated, a law firm representing an “anonymous whistleblower” alleged in a letter to U.S. regulators seen by Reuters on Tuesday.
Goldman was caught ‘wrongfooted’ in trading but outlook better: CEO
NEW YORK (Reuters) – Goldman Sachs Group Inc’s trading division was caught “wrongfooted” last year, bracing for a return of volatility that did not materialize in financial markets, Chief Executive Officer Lloyd Blankfein said on Tuesday.
Wells Fargo CEO Sloan says bank stable after Fed-imposed restrictions
(Reuters) – Wells Fargo & Co Chief Executive Officer Tim Sloan on Tuesday reiterated that the bank was stable after the U.S. Federal Reserve imposed several regulatory restrictions, and said there was no change to his cost-cutting measures.
Airlines turn to technology to solve overbooking puzzle
LONDON/BERLIN (Reuters) – Being offered cash at the gate to take a later flight because of overbooking may become a rarity if technology being examined by major airlines such as British Airways , JetBlue and Qantas catches on.
“Whistleblower” alleges manipulation in key market volatility index
(Reuters) – A scheme to manipulate Wall Street’s fear gauge, VIX, poses risk to the entire equity market and costs investors hundreds of millions of dollars a month, a law firm on behalf of an “anonymous whistleblower” told U.S. financial regulators an…
Bayer says suing Russian antitrust watchdog in Monsanto case
FRANKFURT (Reuters) – Bayer said on Tuesday it has filed a lawsuit against the Russian antitrust regulator over how it has handled its investigation in the German group’s planned takeover of U.S. seed company Monsanto , even though the watchdog has ye…
Wall Street dips as caution sets in ahead of inflation data
(Reuters) – Wall Street’s main indexes were down about a third of a percent on Tuesday, falling for the first time in three sessions as caution crept in ahead of crucial data on inflation, which has been the root cause of the recent sell-off.
Walgreens bid for AmerisourceBergen would be a head-scratcher: analysts
(Reuters) – Walgreens’ potential move to buy a drug distributor in which it already has a 26 percent stake has some analysts questioning the logic and wondering if it would be enough to compete in an evolving U.S. healthcare sector.
Google to debut emails that automatically update
SAN FRANCISCO (Reuters) – Gmail is about to get dynamic. Alphabet Inc’s Google on Tuesday plans to demonstrate a software programming system that would enable emails to feature continuously updating information and greater interactivity.
