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News & Updates
Source: PBS News Hour
In recent years, a number of American companies, as many as 22 since 2011, have relocated outside U.S. borders, usually through mergers with or purchases of a foreign company. One impact of changing their business addresses:...
August 27, 2014 Cutting emissions pays for itself, research showsSource: PHYS.org
Lower rates of asthma and other health problems are frequently cited as benefits of policies aimed at cutting carbon emissions from sources like power plants and vehicles, because these policies also lead to reductions in other...
Inside Fidelity - The îStoxxî Europe 600 index was little changed midmorning. The benchmark has climbed nearly 2% this week, after ECB President Mario Draghi on Friday hinted at action to spur growth and combat low...
August 26, 2014 S&P hits record high but fails to close above 2000 - text/videoSource: USA Today
The Standard & Poor's 500 index crossed the 2000 level for the first time and notched its 29th record close Monday but failed to close above it. The benchmark U.S. stock index topped the psychologically important 2000 mark at...
August 26, 2014 Fitch: Goldman Sachs' FHFA Settlement Neutral for Credit Ratings
Business Wire - NEW YORK--(BUSINESS WIRE)--The mortgage settlement between Goldman Sachs and the Federal Housing Finance Agency (FHFA) conforms to the recent pattern of lawsuit settlements made by large global banks, and...
August 26, 2014 The California Quake May Cost Wine Country BillionsSource: Time
Financial damage from the earthquake that rattled California’s Napa Valley on Sunday may barrel from hundreds of millions of dollars of immediate property damage to billions in total economic losses, Reuters reports.
In an unexpected and interesting move, Burger King is in talks to buy Canadian coffee-and-doughnut chain Tim Horton’s Inc., a merger that would be structured as a “tax inversion” which would effectively move Burger King’s...
August 25, 2014 Fewer economists believe US policy on right trackSource: CNBC
The Federal Reserve's monetary policy is headed in the right direction, but the U.S. also needs to enact structural policies in order to stimulate stronger economic growth, according to a new survey released Monday
August 25, 2014 Gold holds near 2-mth low on firm dollar, talk of US rate hikeSource: Reuters
Gold edged down on Monday, hovering within sight of its lowest in two months on a firmer U.S dollar and speculation of an eventual increase in U.S. interest rates, which could hurt the metal's appeal as a hedge against...
August 25, 2014 Jackson Hole Message Is Labor Markets Don’t Justify Higher RatesSource: Bloomberg
Global central bankers led by Federal Reserve Chair Janet Yellen said labor markets still have further to heal before their economies can weather higher interest rates. Even as they signaled international monetary policies are...
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