Fed’s Lockhart sees 2015 rate hike, but reading inflation ‘tricky’
BERKELEY, Calif. (Reuters) – A top U.S. central banker appears to have cooled to the idea of an interest rate hike next month, saying on Monday only that the Federal Reserve will likely begin raising rates “sometime this year.”
China share plunge smacks world markets; S&P, Nasdaq in correction
NEW YORK (Reuters) – A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite indexes sliding into correction territory.
Oil tumbles up to 6 percent to new lows as China fears intensify rout
NEW YORK (Reuters) – Oil’s weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin.
Third Point settles with U.S. over 2011 Yahoo disclosures
(Reuters) – Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.
Target settles with U.S. on charge of race, gender bias in hiring
(Reuters) – Target Corp has agreed to pay $2.8 million to settle a U.S. Equal Employment Opportunity Commission (EEOC) charge that it used hiring tests that disproportionately screened out candidates for various professional positions based on race and…
Apple’s Cook reassures investors on China, stock boomerangs
(Reuters) – Apple Inc’s Chief Executive Tim Cook took an unusual step of reassuring shareholders on Monday in comments to CNBC about the iPhone maker’s business in China ahead of a dramatic 13 percent drop and rebound in its stock that put it in positi…
U.S. inflation probably lower than reported, Fed study says
SAN FRANCISCO (Reuters) – U.S. inflation in the first half of the year was probably “markedly lower” than reported, but policymakers are unlikely to set interest rates incorrectly as a result, according to an analysis published Monday by the San Franci…
Apple to replace some iPhone 6 Plus cameras over blurry photos
(Reuters) – Apple Inc said it would replace a limited number iPhone 6 Plus phone cameras due to faulty back cameras that take blurry photos.
Junior miners jump into medical marijuana, food service amid slump
TORONTO/VANCOUVER/SYDNEY (Reuters) – Many of the world’s junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting…
China fears wipe quarter of a trillion euros off Europe’s blue-chips
LONDON (Reuters) – European stocks slumped on Monday after a rout in Chinese markets, wiping hundreds of billions of euros off leading shares and sending one benchmark index to a seven-month low.
