Amazon has faced growing political pressure to change the requirement that third-parties offer their lower prices only on its platform.
Wells Fargo CEO Tim Sloan is scheduled to appear 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 is led by Congresswoman Maxine Waters of Southern California, where some of Wells Fargo's recent scandals originated.
Federal Reserve Chairman Jerome Powell told economists that none of the central bank's efforts to 'normalize' monetary policy over a decade after the 2008 financial crisis had been previously tested.
Citigroup CEO Michael Corbat got a 4.3% pay raise to $24 million, as the bank's board gave him an overall report card tantamount to a B-minus.
A rapid increase over the past decade in the amount of debt taken out by corporations could aggravate the severity of an economic downturn, according to Robert Kaplan, president of the Federal Reserve Bank of Dallas.
Wells Fargo discloses an agreement in principle of a shareholder-derivative lawsuit under which its insurers will pay $240 million - to the company. In an embarrassing way, it's a minor win for shareholders after more than $4.5 billion of elevated costs stemming from a series of scandals.
Laissez-faire economics have been kicking around for centuries. Here's what the term means.
U.S. Representative Maxine Waters, the California Democrat who recently took leadership of the House committee overseeing the Federal Reserve, said during a hearing that President Donald Trump's policies are hurting the economy.
Federal Reserve Chairman Jerome Powell says the central bank will conduct a 'thorough' review of BB&T's recently proposed acquisition of banking rival SunTrust, after Democratic Sen. Elizabeth Warren described the process in a Washington hearing as a 'rubber stamp.'
Tesla's Elon Musk is reportedly facing additional scrutiny from securities regulators stemming from a tweet last week, according to a published report Monday.
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