Dow Slips Again After Entering Bear Market

The Dow industrials fell about 0.4% after spending much of the morning in the green. 


 
Kashkari Says Fed Needs to Keep Tightening

Minneapolis Fed President Neel Kashkari said the U.S. central bank needs to tighten monetary policy until underlying inflation is declining, and then wait to see whether it has done enough. 


 
Banks Fined $1.8 Billion Over Use of Banned Messaging Apps

Eleven banks and brokerages, including Goldman Sachs and Bank of America, admitted they violated rules that require storage of written communications. 


 
U.K. Seeks to Calm Investors Amid Clash in Strategies Over Economy

Prime Minister Liz Truss's tax cuts and energy subsidies are complicating efforts by the Bank of England to control spiraling inflation by raising interest rates. In the wake of a market selloff, the government said it was working to better coordinate with the central bank. 


 
U.K. Market Turmoil Ripples Into Home Loans

Some British lenders paused new mortgage lending amid uncertainty about the path of interest rates. 


 
U.S., Europe Prepare New Sanctions on Russia

New measures are under discussion in Washington and Brussels following Moscow's latest troop mobilization and nuclear threats, though some EU members are questioning existing restrictions and the economic pain in Europe is growing. 


 
Fed Official Rejects Raising Inflation Target Above 2%

St. Louis Fed President James Bullard warned Tuesday that a higher inflation target would sow "chaos" globally. 


 
EV Tax Credits to Spur More Vehicle Sales Are Entering a Critical Phase

The auto industry is pushing the Treasury Department to write rules that clearly spell out how electric vehicles can fully qualify-with as much flexibility as a new law allows. 


 
Spending Bill to Include Funding to Prevent Nuclear Disaster in Ukraine

Senate Democrats inserted $35 million for special nuclear safety funding into a must-pass government funding bill, a small part of the more than $12 billion in aid for Ukraine in the legislation. 


 
Democrats Struggle to Craft Stock-Trading Ban

Efforts to craft a bill banning stock trading by members of Congress, judges and other senior government employees have hit snags.


(END) Dow Jones Newswires

09-27-22 2115ET