The case for the Federal Reserve to raise U.S. interest rates in June remains “strong,” a top Fed official said on Friday, dismissing the impact of a rising dollar and falling oil prices as temporary. Richmond Fed President Jeffrey Lacker, who has long called for a prompt tightening of monetary policy, repeated his views that consumer spending, the labour market and other economic conditions have improved significantly over the last
AstraZeneca Plc’s diabetes drug Onglyza may be associated with an increased rate of death, according to a preliminary review of data by the U.S. Food and Drug Administration. The FDA’s report, posted on the agency’s website on Friday, comes ahead of an April 14 meeting of an FDA advisory panel to discuss the drug’s safety. Onglyza was approved in 2009. A company-sponsored trial of more than 16,000 patients known as
American equities are badly underperforming markets around the world. Here’s why that trend could continue.
Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus program later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing. Nakaso, one of Governor Haruhiko Kuroda’s two deputies, said that while slumping oil costs have pushed inflation back to zero, rising wages and a steady economic recovery will underpin a long-term rise
SHANGHAI/BEIJING (Reuters) – China’s Alibaba Group Holding Ltd, the world’s biggest e-commerce company, has formed an automotive unit and a ‘smart living’ division in the past week, the firm said on Friday, …
It’s been a challenging tax filing season for the Internal Revenue Service. The auditor’s reviews found that about 10 percent of the cases that the IRS claimed it had resolved were done incorrectly and were loaded with errors.
Wall Street starting the last day of a quiet week…quietly; the deconstruction of General Electric continues as it exits most of its lending business; And watch the watch! The time is here for consumers to order the newest Apple gizmo.
The group that oversees the Internet’s naming and address system asked the FTC to review whether any laws have been broken in the roll out of a new .sucks domain.
Wall Street climbed solidly into the green in afternoon action Thursday as energy shares rallied on the back of gains in crude prices.
General Electric is close to a deal to sell its massive real estate portfolio as the blue-chip conglomerate looks to shrink its financial business, according to a report by the Journal.