A significant drop in the long-run interest-rate level that marks a sweet spot for a healthy U.S. economy is making it harder for the Federal Reserve to do its job, a top policymaker said on Thursday. Fiscal authorities can ease this problem by issuing more debt, Minneapolis Fed President Narayana Kocherlakota said in remarks prepared for delivery in Frankfurt. Doing so would push up the so-called long-run neutral real interest
EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world’s No. 2 credit and debit card network. The latest move by the European Commission came after a two-year long investigation and is part of its efforts to trim such fees and boost cross-border trade. MasterCard capped its cross-border interchange fees, which are levied
The NYSE Group, which includes the New York Stock Exchange, has suspended trading in all securities due to technical difficulties, the unit of Intercontinental Exchange Inc (ICE.N) said on Wednesday.
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U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
Microsoft announced plans Wednesday to restructure the company’s phone hardware business and to cut up to 7,800 positions.
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
United Airlines is resuming flights after a computer fault halted all U.S. departures for about two hours, disrupting travel for thousands of passengers in the second such setback since early June. The U.S. Federal Aviation Administration disclosed the end of the grounding in a statement Wednesday after saying “automation issues” had forced a temporary suspension of U.S. takeoffs.