U.S. court puts hold on 'too big to fail' case involving MetLife A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country's largest life insurer, MetLife Inc, has challenged the federal government's labeling of it as "too big to fail," as the Trump […]
United States
High-profile Snap stakeholders revealed in filings Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb's Third Point and Daniel Och's Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday […]
In blow to Trump, GE backs NAFTA and voices support for Mexico In blow to Trump, GE backs NAFTA and voices support for Mexico:- General Electric (GE.N) on Friday praised Mexico as a big part of its future and said the company is "very supportive" of the North American Free […]
U.S., China agree to first trade steps under 100-day plan U.S., China agree to first trade steps under 100-day plan:- The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as […]
Technicals stand out amid a quiet market As the strongest earnings season since 2011 draws to a close, and with the S&P 500 .SPX and Nasdaq Composite .IXIC hovering near record highs, the biggest concern for some market analysts is, well, the lack of concern. The largest daily move on […]
Wells Fargo bogus accounts balloon to 3.5 million Wells Fargo & Co (WFC.N) may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice. The new estimate was provided in a filing […]
FBI raids GOP consultant over 2013 Virginia governor's race FBI raids GOP consultant over 2013 Virginia governor's race:- FBI agents raided the office of a Republican consulting firm in Maryland in connection with an investigation into the 2013 Virginia governor’s race. The FBI confirmed it served a search warrant Thursday […]
U.S., China reach deals on access for beef, financial services The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary Wilbur Ross said on Thursday. […]
Germany says will tell U.S. at G7 that the world needs its leadership Germany says will tell U.S. at G7 that the world needs its leadership:- German Finance Minister Wolfgang Schaeuble said on Friday he would tell the U.S. Treasury Secretary that the world needs the United States' leadership. The […]
U.S. decision to arm Syrian Kurdish YPG counter to relationship with Turkey, Erdogan says Turkish President Tayyip Erdogan said on Friday the United States' decision to arm the Syrian Kurdish YPG is contrary to its relationship with Turkey, adding he believed issues with Washington would be largely solved in an […]
