Fed on course to raise interest rates at an upcoming meeting: Yellen
WASHINGTON (Reuters) – The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged considerable uncertainty over economic policy under the Trump administration.
NBC buys stake in Euronews, names new president
(Reuters) – NBCUniversal, the U.S. media conglomerate owned by Comcast Corp , has made an investment in European broadcaster Euronews and named Noah Oppenheim as the president of NBC News, according to an internal memo seen by Reuters on Tuesday.
Apple breaks intraday record high for first time since 2015
SAN FRANCISCO (Reuters) – Apple Inc’s share price hit an intraday record high on Tuesday for the first time in almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales.
Fed’s Yellen defends ‘stress test’ of Wall Street
WASHINGTON (Reuters) – A yearly checkup on leading Wall Street banks helps regulators protect the U.S. financial system and the reviews should be preserved, the Federal Reserve chair said on Tuesday.
Exclusive: Retail CEOs to meet Trump in bid to kill U.S. border tax
WASHINGTON (Reuters) – U.S. President Donald Trump will meet on Wednesday with the chief executives of eight large retailers, including Target Corp , Best Buy Co Inc and J.C. Penney Company Inc , to discuss tax reform and infrastructure improvements, …
Health insurer Anthem says Cigna cannot terminate merger agreement
WASHINGTON (Reuters) – Health insurer Anthem Inc said on Tuesday that Cigna Corp could not unilaterally terminate an agreement between the two companies to merge.
U.S. judge grants preliminary approval to Volkswagen, Bosch settlements
WASHINGTON (Reuters) – A federal judge on Tuesday granted preliminary approval to a plan for Volkswagen AG to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting 3.0-liter diesel vehicles in the United States over the German automake…
U.S. investors brace for mounting political risks as they decode Trump
NEW YORK (Reuters) – Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. In the last few weeks, however, he has realized that he must look at a new force in the market: U.S. President Donald Trump.
Deutsche Bank fails to dismiss U.S. currency rigging lawsuit
NEW YORK (Reuters) – A U.S. judge has rejected Deutsche Bank AG’s bid to dismiss a lawsuit claiming it delayed foreign exchange trades to get a “last look” at how prices were moving, enabling the German bank to extract more profit at customers’ expense…
Exclusive: Yellen brushes off warning, says Fed has authority on global talks
NEW YORK (Reuters) – Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump’s presidency, said in a letter the Fed has the authority and responsibility to…
