Wall Street dips in slow start to fourth quarter
(Reuters) – The fourth quarter got off to a weak start for U.S. stock investors on Monday, with financials, consumer staples and utilities pulling the S&P 500 lower.
JPMorgan aims global bond index at yield-hungry investors
(Reuters) – JPMorgan Chase & Co on Monday said it was launching a global government bond index that will offer fund managers higher potential yields by including a larger percentage of emerging market bonds than traditional global bond indexes.
Clinton promises to hold Wells Fargo accountable
TOLEDO, Ohio (Reuters) – Democratic U.S. presidential candidate Hillary Clinton on Monday vowed to hold Wells Fargo accountable for “egregious corporate behavior” in a scandal over employees’ opening millions of accounts without customers’ knowledge.
September U.S. auto sales down 0.5 percent even as discounts rise
DETROIT (Reuters) – Major automakers posted September U.S. sales on Monday that were slightly lower than a year ago, despite big consumer discounts, as pickup truck volumes fell for both General Motors Co and Ford Motor Co .
U.S. factories rebound, resisting global downward pull
WASHINGTON (Reuters) – U.S. factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the sluggish global economy.
Don’t delay U.S. rate hike, says Fed’s Mester: Bloomberg
(Reuters) – The U.S. Federal Reserve should not delay in raising interest rates in order to keep up with the economy, said Cleveland Fed President Loretta Mester, suggesting she would again back a modest policy tightening next month.
Morgan Stanley charged with running unethical sales contests: regulator
BOSTON (Reuters) – Morgan Stanley was charged with “dishonest and unethical conduct” by Massachusetts’ top securities regular on Monday for having pushed its brokers to sell loans to their clients.
GM, Ford Canada auto sales rise in September
TORONTO (Reuters) – General Motors Co and Ford Motor Co reported higher September vehicle sales in Canada on Monday, boosted by strong demand for pickup trucks.
Deutsche Bank shares slip again in race to reach U.S. settlement
FRANKFURT (Reuters) – Deutsche Bank shares resumed falling on Monday after recovering from a record low at the end of last week, as hopes faded of a swift deal with U.S. authorities over a multi-billion dollar penalty.
Fed would have less policy leeway in face of recession: Dudley
NEW YORK (Reuters) – The Federal Reserve would probably not be able to cut interest rates as aggressively as the last time around if it were faced with a U.S. recession in the next few years, New York Fed President William Dudley said on Monday.
