Amazon Changes Third-Party Seller Pricing Policy Amid Growing Pressure: Report

Amazon Changes Third-Party Seller Pricing Policy Amid Growing Pressure: Report

Amazon has faced growing political pressure to change the requirement that third-parties offer their lower prices only on its platform.

Wells Fargo CEO Sloan Faces Lashing in Congress - From a New Tormentor

Wells Fargo CEO Sloan Faces Lashing in Congress - From a New Tormentor

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.

Fed's Powell Embraces Reality of 'Untried' Monetary Policies in New Era

Fed's Powell Embraces Reality of 'Untried' Monetary Policies in New Era

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 Gets Pay Raise of 4.3%, Smallest on Wall Street

Citigroup CEO Gets Pay Raise of 4.3%, Smallest on Wall Street

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.

Rapid Growth in Junk Bonds and Loans Poses Risks, Dallas Fed Chief Says

Rapid Growth in Junk Bonds and Loans Poses Risks, Dallas Fed Chief Says

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's Latest $240 Million Legal Setback Is Win for Shareholders

Wells Fargo's Latest $240 Million Legal Setback Is Win for Shareholders

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.

What Is Laissez-Faire and How Does It Work In Practice?

What Is Laissez-Faire and How Does It Work In Practice?

Laissez-faire economics have been kicking around for centuries. Here's what the term means.

Trump's Economic Policies Slammed in Taste of New Democratic Control

Trump's Economic Policies Slammed in Taste of New Democratic Control

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.

BB&T-SunTrust Merger to Get 'Careful' Review, Fed Chief Powell Says

BB&T-SunTrust Merger to Get 'Careful' Review, Fed Chief Powell Says

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.'

SEC Asks Judge to Hold Elon Musk in Contempt: Report

SEC Asks Judge to Hold Elon Musk in Contempt: Report

Tesla's Elon Musk is reportedly facing additional scrutiny from securities regulators stemming from a tweet last week, according to a published report Monday.