Fed, split by inflation, should forge on with rate hikes Fed, split by inflation, should forge on with rate hikes: A Federal Reserve policymaker on Wednesday staked out the hawkish argument for carrying on with U.S. interest rate hikes even while weak recent inflation readings have split opinions among her […]
USA Business and Regional News
Americans’ debt level notches a new record high Americans’ debt level notches a new record high: Americans’ debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, […]
Oil prices dip on weak Chinese refining activity Oil prices dip on weak Chinese refining activity: Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, […]
Audits show lax oversight by Wisconsin agency counting Foxconn jobs Audits show lax oversight by Wisconsin agency counting Foxconn jobs: The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to […]
North Korea talk drags stocks lower; gold, yen rise North Korea talk drags stocks lower; gold, yen rise: Stocks around the world fell sharply on Thursday and investors moved into the yen, gold and other safe-haven assets amid more aggressive talk between the United States and North Korea. The S&P […]
Hedge fund Pine River loses $2 billion in 12 months to July Hedge fund Pine River loses $2 billion in 12 months to July: Hedge fund firm Pine River Capital Management’s flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data […]
Wall Street ends higher as Dow edges to latest record Wall Street ends higher as Dow edges to latest record: The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in […]
Amazon shadow looms large ahead of retail earnings Amazon shadow looms large ahead of retail earnings: As old and new Amazon.com (AMZN.O) competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer. So far this quarter, […]
Strong U.S. jobs report seen in July; wages likely rose Strong U.S. jobs report seen in July; wages likely rose: U.S. employers likely maintained a strong pace of hiring in July while raising wages for workers, signs of labor market tightness that could clear the way for the Federal Reserve […]
Oil dips on high OPEC supplies, defying falling U.S. crude stocks Oil dips on high OPEC supplies, defying falling U.S. crude stocks: Oil dipped on Thursday as a rally that has pushed up prices by almost 10 percent since early last week lost momentum despite renewed signs of a gradually […]
