Business

US consumer watchdog recalls all staff nationwide to Washington headquarters

Wednesday, May 27 by SRN News

By Douglas Gillison WASHINGTON, May 27 (Reuters) - The top U.S. government watchdog for consumer financial protection on Wednesday said it would reassign virtually all staff nationwide to its Washington headquarters later this year, the latest move likely to weaken an agency the Trump administration... Read More.

Wells Fargo CEO sees mid-teens growth in investment banking, trading

Wednesday, May 27 by SRN News

May 27 (Reuters) - Wells Fargo expects investment banking and trading revenue to rise by mid-teen percentage points in the second quarter, Chief Executive Charlie Scharf said on Wednesday. Speaking at the Bernstein Conference, Scharf said the bank was also on track for low double-digit... Read More.

New York and New Jersey are investigating FIFA’s ticket practices as World Cup prices soar

Wednesday, May 27 by SRN News

NEW YORK (AP) - FIFA is under fresh scrutiny for sky-high World Cup ticket prices and sales tactics that fans say left them with worse deals than they wanted. The attorneys general in New York and New Jersey, which is hosting eight World Cup matches... Read More.

Fed’s Jefferson says monetary policy is ‘well positioned’ amid inflation risks

Wednesday, May 27 by SRN News

By Michael S. Derby May 27 (Reuters) - Federal Reserve Vice Chair Philip Jefferson said on Wednesday that the current setting of monetary policy is in the right place amid ongoing upside risks to the inflation outlook. The current setting of the federal funds target rate... Read More.

Oil rebounds after US strikes Iran military site

Wednesday, May 27 by SRN News

SINGAPORE, May 28 (Reuters) - U.S. crude futures rose more than $1 on Thursday to above $90 a barrel after the U.S. military carried out new strikes on an Iranian military site while peace talks between Washington and Tehran are underway. West Texas Intermediate crude... Read More.

West Coast chemical emergencies raise questions about the safety of massive industrial tanks

Wednesday, May 27 by SRN News

There are millions of chemical tanks around the U.S., and experts say it is exceedingly rare for them to fail as long as they are properly maintained and inspected. Yet this past week, there were two major hazardous chemical emergencies on the West Coast. A... Read More.

Trading Day: Pause before PCE

Wednesday, May 27 by SRN News

By Jamie McGeever ORLANDO, Florida, May 27 (Reuters) - World stocks eked out new highs while major markets such as the S&P 500, U.S. dollar and Treasuries were largely steady on Wednesday as investors digested conflicting signals on a potential U.S.-Iran peace deal and awaited... Read More.

Mexican telecoms giant America Movil targets steady growth, holds capex at $7 billion

Wednesday, May 27 by SRN News

MEXICO CITY, May 27 (Reuters) - Mexican telecommunications giant America Movil on Wednesday outlined its financial outlook through 2028, according to a J.P. Morgan analyst note, targeting steady growth in revenue and core earnings while holding capital expenditure stable at around $7 billion per... Read More.

Amazon puts Amwell co-founder in charge of healthcare unit; longtime executive to depart

Wednesday, May 27 by SRN News

By Greg Bensinger SAN FRANCISCO, May 27 (Reuters) - Amazon is putting a doctor in charge of its growing healthcare business. The firm on Wednesday announced Dr. Roy Schoenberg, 58, who co-founded American Well Corp., a telehealth medicine company, will take over the healthcare business starting... Read More.

How Venezuela awarded Centerview a prized debt role with little competition

Wednesday, May 27 by SRN News

By Sarah Kinosian and Karin Strohecker CARACAS/LONDON, May 27 (Reuters) - When interim Venezuelan President Delcy Rodriguez's administration announced the oil-rich country was embarking on an overhaul of its more than $150 billion in debt, it committed to transparency, an approach that would mark a... Read More.

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Current Weather

US consumer watchdog recalls all staff nationwide to Washington headquarters

Wells Fargo CEO sees mid-teens growth in investment banking, trading

New York and New Jersey are investigating FIFA’s ticket practices as World Cup prices soar

Fed’s Jefferson says monetary policy is ‘well positioned’ amid inflation risks

Oil rebounds after US strikes Iran military site

West Coast chemical emergencies raise questions about the safety of massive industrial tanks

Trading Day: Pause before PCE

Mexican telecoms giant America Movil targets steady growth, holds capex at $7 billion

Amazon puts Amwell co-founder in charge of healthcare unit; longtime executive to depart

How Venezuela awarded Centerview a prized debt role with little competition

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