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MONEY (MSM)
Former N.Y. Fed employee to plead guilty over Goldman leaks
An ex-employee of the Federal Reserve Bank of New York suspected of leaking confidential information to a former colleague working at Goldman Sachs Group Inc is expected to plead guilty on Wednesday, according to a court official. Jason Gross, 37, is expected to appear in federal court in Manhattan for a scheduled plea hearing, according to the court official, days after Goldman Sachs reached a related $50 million settlement with
Yellen: December rate hike a 'live possibility'
Federal Reserve Chair Janet Yellen said Wednesday that December would be a “live possibility” for a rate hike if the upcoming data are supportive.
Target closing 13 stores nationwide citing falling profits
Target plans to close 13 stores nationwide, including one in New Ulm and two others in Milwaukee and Superior, Wisconsin. The Minneapolis-based retailer says a decision to close a store usually follows …
Oil market needs another month to decide if rebound is for real
Even with oil prices possibly past the low point, and production falling from outside of OPEC, there aren’t enough signs to say a full recovery is in the works, Kuwait’s oil minister said.
Apple Watch having ‘no impact’ on competitors
Apple is facing stiff competition in the smartwatch sector, as rival developers claim their sales are unaffected by the Apple Watch.
What Wal-Mart women want
New focus groups offer early hints about which way the key voting demographic is leaning ahead of the 2016 election.
U.S. private hiring solid; trade deficit at seven-month low
U.S. private employers maintained a steady pace of hiring in October and the trade deficit hit a seven-month low in September as exports rebounded, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The ADP National Employment Report showed on Wednesday that private payrolls increased 182,000 last month on top of the 190,000 jobs added in September. “The private sector continues
Survey: US businesses added 180K jobs in October
A private survey says American businesses added a solid but unspectacular 180,000 jobs in October. Payroll processor ADP reports also revised September job creation down to 190,000 from an originally reported …
U.S. September trade deficit smallest in seven months
The Commerce Department said on Wednesday the trade gap fell 15 percent to $40.8 billion, the smallest deficit since February. Lower crude oil prices also helped to curb the import bill. The drop in the trade deficit reversed the widening seen in August, though the prior month’s figure was revised slightly down to $48 billion from the previously reported $48.3 billion.