May 16, 2019

Fed needs to let inflation rise above 2%, Kashkari says

Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the […]
May 16, 2019

Fed should wait for faster wage growth before raising rates: Kashkari

The Federal Reserve should allow labor markets to strengthen further and only raise interest rates if wages start to rise so fast that they signal suddenly […]
May 16, 2019

Huawei’s $105 billion business at stake after U.S. broadside

The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to […]
May 16, 2019

Lloyds defends CEO pay after investor anger at annual investor meeting

Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade […]
May 16, 2019

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for […]
May 16, 2019

Walmart says higher China tariffs will increase prices for U.S. shoppers

Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on goods from China as the world’s largest retailer reported […]
May 16, 2019

Wall St. gains on upbeat earnings, strong economic data

U.S. stocks rose on Thursday as upbeat earnings from Walmart and Cisco, and robust domestic economic data helped investors overlook worries about the ongoing trade war […]
May 16, 2019

Aiming to re-energize staff, new head of Britain’s BT hands out shares

The new boss of Britain’s BT Group will give each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, in […]
May 16, 2019

Brent oil moves toward $73 on Middle East tensions

Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude […]
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