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The Federal Reserve's monetary-policy committee, after a two-day meeting that culminates on Wednesday, is likely to scrap a pledge for 'patience' on setting interest rates, paving a way for a rate reduction in July, according to economists at Deutsche Bank.
Builders started 1.269 million new home-construction projects during May, the Census Bureau says, down from the prior month's 1.29 million. But the figure for housing starts still exceeded Wall Street expectations for 1.245 million new projects in May.
The firm now has a neutral rating on shares of the prepaid card processing service provider.
The bank, Germany's largest, is said to be planning to 'shrink or shut its U.S. equity and trading businesses,' according to a report in the Financial Times.
Goldman Sachs Group is consolidating several separate units involved in so-called 'hard-to-access' deals, reports the Wall Street Journal.
Investors should learn the risks, pros and cons and differences of investing money into either private and public companies.
After making enough money, banks open up their private services for you to protect your wealth. But what are these services, and are they worth your time and money?
Tax preparation firm H&R Block reports better-than-expected fiscal fourth-quarter and full-year earnings, raises its dividend and announces it is acquiring Toronto-based Wave Financial.
Pilot killed as chopper strikes Axa Equitable Building, which hosts several finance firms. Terrorism isn't suspected.
The company says it's no longer in discussions regarding a potential sale.
Wells Fargo might end up selecting its interim CEO, the longtime Wall Street lawyer Allen Parker, to stay in the role - after announcing barely two months ago that it would look for fresh candidates following a series of costly and ignominious scandals.
A report Friday from the Labor Department is expected to show that the U.S. economy added about 185,000 jobs in May - a slowdown from April's increase of 263,000 but still respectably ahead of the 100,000 needed each month to keep pace with the working population.
The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
Prices on consumer purchases, excluding food and energy, rose by 0.25% in April, the most since October 2017, a report from the Commerce Department's Bureau of Economic Analysis shows. The Federal Reserve monitors this price index on 'core' consumer purchases when setting benchmark U.S. interest rates.
The S&P 500 could fall even more than it already has in May, according to Stifel's chief equity strategist Barry Bannister, if the Federal Reserve doesn't slash interest rates twice.