Financial Services

Global stocks, oil slip after Fed points to more rate hikes

Nov 9, 2018

Global stocks are down after the U.S. Federal Reserve suggested it will keep raising interest rates, tightening the supply of money that has supported markets in recent years.

US stocks edge mostly lower after a big post-election surge

Nov 8, 2018

US stocks are mostly lower Thursday as the market's big rally fades, and internet and technology companies are falling

US stocks surge after midterms; tech and health care jump

Nov 7, 2018

US stocks are climbing after the U.S. midterm results showed the Democrats winning control of the House of Representatives and Republicans keeping a majority in the Senate, an outcome that was widely expected

Italian bank Intesa weathers EU budget storm, profits up

Nov 6, 2018

Italian bank Intesa SanPaolo says its third-quarter profits rose 28 percent, mostly due to accounting changes to reflect the acquisition last year of two failing regional banks.

Fed likely to keep rates on hold and sketch a bright outlook

Nov 5, 2018

Fed is likely to keep rates on hold and sketch a bright economic outlook

Washington lawmaker faces blowback for biblical war document

Nov 2, 2018

A Republican state lawmaker from Washington is facing intense criticism for distributing a document describing how a "Holy Army" should kill people who flout "biblical law"

Brexit looms large as Bank of England poised to hold rates

Nov 1, 2018

The Bank of England is expected to keep interest rates on hold Thursday, with investors likely to focus on what Governor Mark Carney says about the state of the Brexit negotiations.

Fed proposes easing capital rules, testing of some big banks

Oct 31, 2018

Federal Reserve looks to ease capital rules, stress testing of some big banks

US Treasury sanctions 2 Singapore firms for NKorea dealings

Oct 26, 2018

US Treasury sanctions 2 Singapore firms for alleged North Korea dealings, money laundering

Trump says goal of proposal is to lower some US drug prices

Oct 26, 2018

President Donald Trump announces plan to help lower prescription drug prices