Traders see a 53-percent chance that the first Fed rate hike will come at the Fed’s second-to-last meeting of the year, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts. Before Friday’s report on May jobs, traders appeared convinced that the Fed would need to wait until at least December and perhaps into next year before removing any of its monetary policy accommodation. An
A new study shows more financial advisors are getting on the passive-investing bandwagon, now favoring ETFs over traditional mutual fund investments.
Wal-Mart says board Chairman Rob Walton will step down and be succeeded by Vice Chairman Greg Penner, who is Walton’s son-in-law. The world’s largest retailer says the change will take effect at the end …
OPEC again agreed to cede no ground to rival producers, keeping its faith that U.S. shale drillers and other higher-cost rivals will capitulate first.
Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments. The Greek decision to bundle upcoming International Monetary Fund payments and transfer them all at the end of the month was a 180 degree turn by the government and caught many by surprise. Tsipras told reporters
GOP presidential candidate Rick Perry said Friday his initiatives as Texas governor can work anywhere in the United States.
The price of a private lunch with Warren Buffett is already near $1.6 million, and that is likely to grow before the auction wraps up Friday evening. The Glide Foundation, which uses the auction proceeds …
China-based hackers are suspected once again of breaking into U.S. government computer networks, and the entire federal workforce could be at risk this time. The Department of Homeland Security said in …
After studying overdraft fees for more than three years, the Consumer Financial Protection Bureau is leaning against subjecting banks to tough new rules that would cap the size of charges or limit how frequently they can be imposed on consumers, said two people briefed on the agency’s work. More likely, when the CFPB proposes regulations later this year or in early 2016, it will probably bar lenders from reordering transactions
Defying OPEC attempts to project unity, Iran and Saudi Arabia went into a meeting of the 12-nation cartel Friday declaring that they would not cede authority to the organization over how much oil they …
