Today's Top Story
Asian stocks hold near 14-month peak on Fed relief
TOKYO (Reuters) - Asian shares edged closer to 14-month highs on Friday while the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes. Read More
Business News
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U.S. job market firming; tight inventories constraining housing
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.
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Senators seek Labor Department probe of Wells Fargo
WASHINGTON (Reuters) - Eight U.S. Democratic senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo
may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who stayed late to meet sales quotas. -
Yahoo says hackers stole data from 500 million accounts in 2014
(Reuters) - Yahoo Inc
said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world's biggest known cyber breach by far. - More Business News»
Economic News
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Asian stocks hold near 14-month peak on Fed relief
TOKYO (Reuters) - Asian shares edged closer to 14-month highs on Friday while the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes.
-
U.S. job market firming; tight inventories constraining housing
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.
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Clinton proposes 65 percent tax on U.S. billionaire estates
WASHINGTON (Reuters) - Democratic U.S. presidential nominee Hillary Clinton on Thursday proposed raising taxes on inherited property to 65 percent for the largest estates as she bolstered plans for tax hikes on the wealthiest Americans.
- More Economic News»
Money News
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Senators seek Labor Department probe of Wells Fargo
WASHINGTON (Reuters) - Eight U.S. Democratic senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo
may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who stayed late to meet sales quotas. -
Column: Can insider trading case at SCOTUS help Leon Cooperman?
NEW YORK (Reuters) - On Oct. 5, the U.S. Supreme Court will hear oral arguments on a question that has created considerable confusion in lower courts: When the government claims a corporate outsider has profited from trading illegally on inside information, what must it prove about the motive of the insider who supplied the tip?
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U.S. House panel to hold hearing on Wells Fargo accounts scandal
(This September 21 story has been refiled to correct first paragraph to say "as many as 2 million" not "2 million")
- More Money News»
