Fed on Track for December Rate Rise, but Inflation Worries Persist
Federal Reserve officials said at their latest meeting they likely would raise rates “in the near term” as the economy strengthens, although several said their support for the move would hinge on inflation picking up, according to minutes released Wednesday.
Global Stocks Drift Following Rally
Stocks stalled Wednesday ahead of the Thanksgiving holiday, as declines among technology and financial firms snapped the Dow Jones Industrial Average and the S&P 500’s two-day winning streaks.
Hang Seng Index Tops 30000 for First Time in a Decade
Hong Kong’s main stock index surged past 30000 for the first time in 10 years, as a wave of Chinese buying and a surge in shares of tech giant Tencent Holdings propelled the market through its latest milestone.
China Tries to Damp Microloan Explosion
In its latest attempt to restrain the fast-evolving fintech sector, Beijing directed local governments to stop licensing providers of online microloans and to prohibit their operating outside the province where they are registered.
Tax Bill’s Fine Print: Making It Tougher for Cities, States to Refinance Debt
Cities and states across the U.S. are warily bracing for the elimination of the tax exemption on certain bonds they rely on to refinance old bonds.
Long Island Town Charged With Securities Fraud
The Securities and Exchange Commission on Tuesday charged the Long Island town of Oyster Bay with defrauding bondholders by failing to tell them about four private loan deals.
Heard on the Street
Electronic Arts Can Come Back From the Dark Side
Loss of “Star Wars Battlefront II” microtransactions is manageable for Electronic Arts in light of strong digital growth overall.
The Daily Shot
GOP Tax Effort Contributes to Flattening Treasury Curve
Heard on the Street
Who Needs a Tax Cut? Firms Are Spending Anyway
Heard on the Street
Good as It Gets for Deere
S&P 500 Stocks
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