States to Move Forward With Antitrust Probe of Big Tech Firms
A group of state attorneys general is preparing to move forward with a joint antitrust investigation of big technology companies, according to people familiar with the situation, adding another layer of scrutiny to an industry already under a federal spotlight.
Fed's Rosengren Still Doesn't See Need to Lower Rates
Federal Reserve Bank of Boston President Eric Rosengren remains worried that central bank interest-rate cuts are unwarranted and could destabilize the financial sector-but signaled he's open to action if convinced the economy was taking a turn for the worse.
Trump Calls for a Big Fed Rate Cut, Again Criticizes Powell
President Trump called for the Fed to sharply cut interest rates and again criticized the central bank's chairman for a "horrendous lack of vision," while reiterating his belief that the U.S. economy is strong.
U.S. Bank Regulator Pitches Low-Income Lending Rule Changes
A Trump-appointed bank regulator is touring the country trying to sell his plans to modify lower-income lending requirements and overcome resistance from other regulators, banks and community advocates.
Stocks, Bond Yields Rise to Start the Week
U.S. stocks kicked off the week with gains, buoyed by a rally among shares of banks and technology companies.
U.S. Government Bond Yields Rise as Treasury Again Explores Ultralong Bonds
The Treasury Department's latest expression of interest in issuing bonds with 50-year and 100-year maturities weighed on demand for existing Treasurys on Monday.
Trump Administration Delays Ban on Huawei Working With U.S. Firms
The Trump administration extended the length of a license that has enabled China's Huawei Technologies to continue working with U.S. customers despite national-security concerns.
Investors Seek Havens as Growth Fears Persist
Investors are snapping up safer assets including gold, dividend-paying stocks and the Japanese yen, underlining anxiety over trade tensions and slowing global growth.
Pot Industry Underestimates Old-School Dealers
Traditional drug dealers are still formidable competitors in states where cannabis is legal. Governments planning for huge tax windfalls and investors expecting rapid market-share gains have to adjust to a slower burn.
Jennifer Lopez, Alex Rodriguez Are Investing in Fintech Firm Acorns
Acorns Grow wants to go viral-and it has enlisted A-Rod and J.Lo to help. The influencer strategy is the brainchild of Acorns CEO Noah Kerner, who is trying to transform the company from a niche savings app into a bank alternative.