For Federal Reserve, Inaction Is Best Policy as Economy Nears Juncture

For Federal Reserve, Inaction Is Best Policy as Economy Nears Juncture

The Federal Reserve, led by Chairman Jerome Powell, is widely expected to leave interest rates unchanged at its meeting this week.

Revlon Loses Sheen After Tough Quarter, 10-K Re-Filing

Revlon Loses Sheen After Tough Quarter, 10-K Re-Filing

Shares of the cosmetics maker drop after reporting a wider fourth-quarter loss and disclosing that it needs to re-file its 10-K

Jim Cramer: Elon Musk's Contempt Citation Is Beyond the SEC

Jim Cramer: Elon Musk's Contempt Citation Is Beyond the SEC

This is about an attack on the Judiciary, and Judge Alison Nathan is likely to act swiftly. How should Tesla shareholders respond?

What Is the FDIC and What Does It Mean to Me?

What Is the FDIC and What Does It Mean to Me?

The FDIC offers some much-needed protection for deposit banking consumers.

Hong Kong Stock Watchdog Slaps 4 Major Banks for Shoddy Work

Hong Kong Stock Watchdog Slaps 4 Major Banks for Shoddy Work

Hong Kong's securities regulator has fined Morgan Stanley, Merrill Lynch, UBS and Standard Chartered for lack of fact checking and due diligence in preparing stock offerings for now-liquidated China Forestry and still-suspended Tianhe Chemicals.

Retail Sales to Rebound as Delayed Tax Refunds Arrive: Bank of America

Retail Sales to Rebound as Delayed Tax Refunds Arrive: Bank of America

U.S. retail sales excluding autos slipped by 0.1% in February, Bank of America says in a report that cited the bank's own credit- and debit-card spending data. The decline was partly caused by delays in tax refunds, which hit low-income households especially hard.

U.S. Durable Goods Orders Unexpectedly Fall in New Sign of Slowdown

U.S. Durable Goods Orders Unexpectedly Fall in New Sign of Slowdown

The Census Bureau reports that new orders for manufactured durable goods orders outside of the transportation industry fell by 0.1% in January. Economists were calling for a 0.2% increase.

Spotify Accuses Apple of Unfair Competition in Complaint to EU Commission

Spotify Accuses Apple of Unfair Competition in Complaint to EU Commission

Spotify filed an antitrust complaint against Apple with the European Commission accusing the iPhone maker of unfairly benefiting its own Apple Music.

Was Trump Right About the Fed Raising Interest Rates Too Far, Too Fast?

Was Trump Right About the Fed Raising Interest Rates Too Far, Too Fast?

President Donald Trump's oft-repeated criticisms of Federal Reserve interest-rate hikes have been labeled by some economists as an assault on the central bank's independence. But Joe Lavorgna, chief Americas economist for the French bank Natixis, says that at least one measure of effective interest rates shows that the Fed's recent efforts may have exceeded the mid-2000s cycle of monetary tightening that helped to trigger the 2008 financial crisis.

Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Waters Tells CEO

Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Waters Tells CEO

Wells Fargo CEO Tim Sloan appeared Tuesday before the U.S. House of Representatives' Financial Services Committee for the first time since Democrats, who are typically more critical of big banks than Republicans, took control of the chamber in last November's elections. The panel's leader, Congresswoman Maxine Waters of Southern California, scolded Sloan, but so did Republicans on the committee.