Fed policymakers clash on outlook for inflation
SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) – A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fad…
Apple shares flirt with correction territory
SAN FRANCISCO (Reuters) – Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.
Top U.S. NAFTA negotiator sees no problem with pace of talks
OTTAWA (Reuters) – The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.”
SEC chairman notified of 2016 agency hack in August: testimony
WASHINGTON (Reuters) – The chairman of the U.S. Securities and Exchange Commission (SEC) only learned in August that hackers had last year breached the regulator’s database of corporate announcements, according to prepared congressional testimony seen …
Ex-HSBC currency chief’s motives debated as U.S. fraud trial starts
NEW YORK (Reuters) – A former top HSBC Holdings Plc executive threw his Scottish client “under the bus” by using his knowledge of its large planned currency transaction to do his own trading first, a U.S. prosecutor said on Monday at the start of a cl…
Wall St. falls on North Korea warnings, tech selloff
NEW YORK (Reuters) – Wall Street fell on Monday, as a selloff in technology shares dragged the Nasdaq down more than 1 percent, while North Korea’s latest warnings to Washington added to a cautious tone.
Fed needs to see prices rise before next rate hike, Evans says
GRAND RAPIDS, Mich. (Reuters) – The Federal Reserve should wait until there are clear signs that American paychecks and prices are rising before raising interest rates again, a U.S. central banker said Monday, warning that moving too fast would be a po…
Nets welcomes $5.3 billion takeover bid by Hellman & Friedman
COPENHAGEN (Reuters) – Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years.
Wall St. falls on North Korea comments, tech selloff
(Reuters) – U.S. stocks fell sharply in late morning trading on Monday after North Korea accused the United States of declaring war and a selloff in technology stocks accelerated.
FINRA orders Morgan Stanley to pay $13 million in fines, restitution
NEW YORK (Reuters) – The Financial Industry Regulatory Authority said on Monday it ordered Wall Street investment bank and securities brokerage Morgan Stanley to pay $13 million in fines and restitution to clients for inadequately supervising certain …
