Fed Debates How to Implement New Policy Strategy

Federal Reserve officials forged an agreement last month on a new framework governing how they will conduct policy over the long run. In preparing for a September meeting, they are debating how exactly to implement this strategy for an economy recovering from a downturn. 


 
Reliance Industries' Market Capitalization Crosses $200 Billion

Reliance Industries has become the first Indian company to see its market capitalization cross $200 billion, joining the ranks of big multinationals like Coca Cola and Netflix. 


 
Hurricane Laura Spared Reinsurers From the Worst, but Storm Season Isn't Over Yet

Reinsurance stocks have held up against the battering winds of Hurricane Laura, but might not fare as well if another big storm threatens. This storm season comes in a different context, with Covid-19 playing out in the background. 


 
Massachusetts Pension Sees Quick Rebound in Private-Equity Portfolio

The portfolio fell 8.3% in value on Covid-19 fallout, but the pension system expects it to recover that and more. 


 
Brexit Worries Reassert Hold Over British Pound

The British pound fell against the euro and the dollar, extending a seven-day losing streak that is the currency's worst percentage decline since the coronavirus market crisis in March. 


 
Climate Change Poses Major Risk to Financial Stability, Report Finds

Climate change poses a major risk to the stability of the U.S. financial system and requires aggressive action from Washington policy makers, according to a report from an advisory panel to the top U.S. commodities regulator released on Wednesday. 


 
South Korea Raises $1.45 Billion via Bonds

The South Korean government raised $1.45 billion by selling U.S. dollar- and euro-denominated bonds, the Ministry of Economy and Finance said. 


 
Scor Backs Strategic Plan

Scor confirmed its strategic plan and said that in relation to its exposure to the coronavirus, life claims are better than expected, while claims in property and casualty are meeting its expectations. 


 
JPMorgan Investigating Employees, Clients Over Stimulus Programs

JPMorgan Chase has found evidence of employees and customers misusing the government's flood of coronavirus stimulus funds this spring and is cooperating with authorities, the bank's leaders told employees. 


 
Why Tesla Was Left Out of the S&P 500

The company led by CEO Elon Musk was passed over for inclusion in the S&P 500 index, a move that put a halt to the parabolic run in the electric-car maker's shares.