Some economists have said a bunch of soft economic data – released in the last few days – could prompt the U.S. Federal Reserve to wait until December to increase interest rates for the first time in nearly a decade. The Fed has said it needs to see a sustained recovery before it raises rates for the first time in nearly a decade. Stock market investors are keeping a close
Companies will have to provide investors with a ratio showing how the median pay of their workforce squares with their chief executive officers’ compensation, according to new rules slated for adoption by U.S. securities regulators on Wednesday. The SEC has been under mounting pressure by Democrats, like Massachusetts Senator Elizabeth Warren and unions, who support the rule and have lamented delays in its adoption. The measure was tucked into the
For American investors, it looks all good: The Dow remains near 18,000, biotech stocks are hot and the Nasdaq is within a hair of its record high. GDP growth bounced back in the second quarter, advancing at a 2.3 percent annual clip as the job and housing markets continue to improve.
Companies will have to provide investors with a ratio showing how the median pay of their workforce squares with their chief executive officers’ compensation, according to new rules slated for adoption by U.S. securities regulators on Wednesday. The SEC has been under mounting pressure by Democrats, like Massachusetts Senator Elizabeth Warren and unions, who support the rule and have lamented delays in its adoption. The measure was tucked into the
We examine how one candidate parlayed an underfinanced presidential campaign into a lucrative business and lavish lifestyle.
We examine how one candidate parlayed an underfinanced presidential campaign into a lucrative business and lavish lifestyle.
Nicki Minaj will now be a permanent staple in Las Vegas—at Madame Tussauds, that is! Her wax figure was inspired by the rapper’s “Anaconda” music video and features her…
Greek Prime Minister Alexis Tsipras said on Wednesday Greece is close to concluding a deal with lenders on a multi billion euro bailout, which he said would end doubts over the country’s presence in the euro zone. “We are in the final stretch of concluding a deal with the institutions… Despite the difficulties we are facing we hope this agreement can end uncertainty on the future of Greece and of
Shire Chief Executive Flemming Ornskov will need to dig deeper in his pocket if he wants to win U.S. biotech company Baxalta. Rather than selling out at a premium to a bigger drugmaker, as many investors thought Shire might do, Ornskov is embarking on a risky battle to create the world’s leading rare diseases specialist. The transaction could vault Shire into the top 20 global drugmakers by sales, but hazards
U.S. private job growth slowed sharply in July, pointing to a loss of momentum in the economy heading into the third quarter that could temper expectations of a September interest rate hike. Other economic data on Wednesday showed a widening of the trade deficit in June as solid domestic demand in the second quarter and a strong dollar sucked in imports of food and automobiles. “Job growth is strong, but