Dow ends above 25,000; Wall St extends new year’s rally
NEW YORK (Reuters) – The Dow industrials broke above the 25,000 level for the first time on Thursday and other major indexes hit closing record highs again, propelled by strong global economic data that extended the new year’s rally for the stock marke…
Sears Holdings to close 103 Kmart and Sears stores
CHICAGO (Reuters) – Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses.
Federal Reserve seeks to clarify big bank risk management expectations
WASHINGTON (Reuters) – The Federal Reserve proposed new guidance Thursday that would clarify the regulator’s expectations for how senior managers at large banks handle risk at their respective institutions.
Oil at highest since 2015 on inventory drawdown, Iran unrest
NEW YORK (Reuters) – Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S. inventories as refining activity hit a 12-year high.
U.S. derivatives regulator to review bitcoin futures risks
WASHINGTON (Reuters) – The U.S. derivatives regulator will hold two meetings to discuss the procedure and operational controls for listing and trading digital currency futures, it said on Thursday, amid rising concerns over the risks bitcoin poses to t…
Citibank fined $70 million for anti-money laundering compliance shortcomings
WASHINGTON (Reuters) – A U.S. bank regulator has fined Citibank $70 million for failing to address shortcomings in its anti-money laundering policies.
Western Union settles New York money laundering probe for $60 million
(Reuters) – Western Union Co will pay $60 million to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving suspected criminal fraud and money laundering, New York’s financial regulator said on Thursday.
Dow tops 25,000 on strong private hiring, global growth hopes
(Reuters) – The Dow Jones Industrial Average broke above the 25,000 level for the first time on Thursday and other major indexes scaled new records, propelled by strong U.S. private jobs numbers that added to a stream of robust economic data from acros…
Intel falls as investors worry about costs of fixing chip bug
(Reuters) – Intel Corp shares fell nearly 3 percent on Thursday as investors worried that newly disclosed bugs in the company’s widely used computer microprocessors could be costly to mitigate.
U.S. derivatives regulator announces meetings to review futures based on cryptocurrencies
WASHINGTON (Reuters) – The leading U.S. derivatives regulator announced Thursday it would be holding a pair of meetings to review the process for allowing futures based on cryptocurrencies to come to market.
