As Fed raises rates, aim is not to roil markets, Williams says The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as […]
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U.S. inflation path since 2012 is worrisome, policymaker says The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome." In slides prepared for […]
Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017 Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting […]
Wells Fargo suffers slump in muni bond underwriting Wells Fargo & Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. […]
Facebook adds Snapchat-like camera filters to Instagram Facebook Inc's (FB.O) Instagram has souped up its camera with quirky face-tracking filters, adding another feature similar to one offered by social media rival Snap Inc's (SNAP.N) Snapchat. Instagram users will now be able to choose from eight filters including koala ears that […]
Nasdaq launches machine intelligence-enhanced data service Nasdaq Inc (NDAQ.O) on Tuesday launched a service to help fund managers and quantitative traders better use data from social media, central bank announcements, retail sentiment and other sources to improve trading profits. The Nasdaq Analytics Hub will use machine intelligence, a subset of […]
NLRB files complaint against VW over practices at Tennessee plant The U.S. National Labor Relations Board has filed an unfair labor practices complaint against Volkswagen AG (VOWG_p.DE) for hiking health insurance premiums and changing working hours of a group of skilled workers who voted for union representation in 2015. The […]
Aetna fully exits Obamacare exchanges with pull-out in two states Aetna fully exits Obamacare exchanges with pull-out in two states:- Health insurer Aetna Inc (AET.N) said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it offered the […]
Hudson Bay taps debt adviser amid Neiman Marcus bid challenges Hudson Bay taps debt adviser amid Neiman Marcus bid challenges:- Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, according to people […]
Comcast launches new WiFi service as connected devices grow Comcast launches new WiFi service as connected devices grow:- Comcast Corp launched a new cloud-based service on Monday that allows users to control and monitor their Wi-Fi usage as the largest cable provider in the U.S. looks for ways to boost […]
