Wall St. lower as investors assess Fed’s hawkish stance
(Reuters) – U.S. stocks pulled back from their all-time highs on Thursday as investors assessed the Federal Reserve’s policy statement, which hinted at raising interest rates for the third time this year and laid out plans to roll back its monetary sti…
Wells Fargo CEO to testify before Senate banking panel on October 3
WASHINGTON (Reuters) – Wells Fargo Chief Executive Tim Sloan is due to testify before the Senate Banking Committee on Oct. 3, sources familiar with the scheduled meeting said.
U.S. jobless claims fall; hurricanes still affecting data
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, but the near-term outlook for the labor market was muddied by the continuing impact of Hurricanes Harvey and Irma.
Wells Fargo CEO due to testify before Senate banking panel October 3
WASHINGTON (Reuters) – Tim Sloan, the chief executive officer of Wells Fargo , is due to testify before the Senate Banking Committee on October 3, said sources familiar with the scheduled meeting.
U.S. jobless claims fall; hurricanes still impacting data
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, but the data continued to be influenced by Hurricanes Harvey and Irma, muddying the labor market picture in the near term.
EU eyes solo move to increase tax on online giants, risking U.S. anger
BRUSSELS (Reuters) – The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other rich nations, in a move that could spark a new transatlantic d…
SEC says hackers may have traded using stolen insider information
WASHINGTON (Reuters) – The top U.S. markets regulator said on Wednesday that hackers accessed its corporate disclosure database and may have illegally profited by trading on the insider information stolen.
Futures flat after Fed signals third rate hike this year
(Reuters) – U.S. stock index futures were little changed on Thursday, a day after the Federal Reserve signaled that it could raise interest rates for the third time this year despite low inflation and disclosed plans to shrink its balance sheet.
ECB may ask fintech banks to hold bigger buffers
FRANKFURT (Reuters) – High-tech banks looking to enter the fintech zone may be asked to hold bigger liquidity and capital buffers due to the unique nature of their risks, the European Central Bank said in draft licensing guidelines on Thursday.
Road to electric car paradise paved with handouts
JUDABERG, Norway (Reuters) – The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland.
