Fed Injects More Into Money Markets After Banks Bid Heavily for Funds
The Federal Reserve Bank of New York saw huge demand from banks as they rushed to bid on the $75 billion on offer in a second day of intervention to ease a crunch in overnight funding markets.
U.S. Stocks Open Lower Ahead of Fed Decision
U.S. stocks drifted lower ahead of an expected interest-rate cut by the Federal Reserve.
Trump Orders Treasury Secretary to 'Substantially Increase' Sanctions on Iran
President Trump said on Twitter that he has ordered Treasury Secretary Steven Mnuchin to "substantially increase" sanctions on Iran in the wake of attacks on Saudi Arabian oil facilities.
Fed Prepares Second Rate Cut to Cushion Against Global Risks
The Federal Reserve is likely to cut its short-term benchmark rate at the conclusion of its two-day meeting on Wednesday. The big question is what kind of clues the central bank offers about any more rate reductions.
Mortgage Rates Decline Ahead of Fed Meeting
Consumers' borrowing costs have drifted lower since the Federal Reserve cut interest rates in July, fueling a wave of mortgage refinancing and helping to support household spending despite deepening economic uncertainty.
Canada's Annual Inflation Slowed in August
Canada's annual inflation rate slowed slightly in August because of a price drop in gasoline and fresh vegetables, although it remained close to the Bank of Canada's 2% target for a sixth straight month.
Index Funds Are the New Kings of Wall Street
Money managers who mimic the stock market just became the new titans of the fund-management world.
U.S. Housing Starts Rose Strongly in August
Housing starts climbed 12.3% in August from the prior month to a seasonally adjusted annual rate of 1.364 million. This marked the strongest annual pace of home construction since June 2007, when starts logged in at an annual rate of 1.448 million.
Exchanges Vie With Ultrafast Traders for Mom-and-Pop Stock Orders
Exchanges are challenging high-speed traders in the battle for mom-and-pop investors' stock orders, looking to gain market share in the fiercely competitive business of U.S. equities trading.
U.K. Inflation Cools
Inflation in the U.K. slowed sharply in August to 1.7%, a slide driven by tumbling prices for computer games over the summer.