Category Archives:
Fed says bond maturity runoff will be main tool for shrinking balance sheet
By Jonnelle Marte (Reuters) - The Federal Reserve will rely primarily on letting bond holdings run off the balance sheet as they mature, rather than selling bonds outright, as it seeks to trim its mas...
Jan 26, 2022
Instant View: FOMC reaffirms March for taper end, and, maybe, rate hike
NEW YORK (Reuters) - The Federal Reserve on Wednesday signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purchases that month before launching a significa...
Jan 26, 2022
Chevron shares hit record high ahead of 4th-quarter results
By Sabrina Valle HOUSTON (Reuters) - Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron's fourth-quarter finan...
Jan 26, 2022
Fidelity brokerage’s ‘rubber-stamping’ allowed meme stock abuses, regulator says
By Jonathan Stempel (Reuters) - Massachusetts' securities regulator on Wednesday charged Fidelity Brokerage Services with improperly "rubber-stamping" applications to trade options, saying the "blatan...
Jan 26, 2022
UBS steps up U.S. push with $1.4 billion Wealthfront purchase
By Michael Shields ZURICH (Reuters) - Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an ...
Jan 26, 2022
Union calls 1%/year pay increase offer for U.S. refinery workers ‘ridiculous’
HOUSTON (Reuters) - The United Steelworkers union (USW) called a 1% per year pay increase offered by lead oil industry negotiator Marathon Petroleum "ridiculous," according to a message sent to member...
Jan 26, 2022
Tesla shares jump ahead of report; investors eye factories, Cybertruck
(Reuters) - Shares of Tesla Inc rallied on Wednesday ahead of the electric car maker's quarterly report after the bell, with investors focused on how quickly the company can scale production at new fa...
Jan 26, 2022
U.S. Justice Breyer fortified abortion rights, doubted death penalty
By Lawrence Hurley WASHINGTON (Reuters) - U.S. Supreme Court Justice Stephen Breyer has authored pivotal rulings bolstering abortion rights and safeguarding a landmark healthcare law while questioning...
Jan 26, 2022
Biden’s nominee to replace Justice Breyer to receive ‘prompt’ Senate hearing – Schumer
(Reuters) - U.S. President Joe Biden's nominee to replace Liberal Justice Stephen Breyer on the Supreme Court will receive a "prompt hearing" and will be considered and confirmed by the full Senate wi...
Jan 26, 2022
Analysis-Stock selloff is far from forcing the Fed to blink
By David Randall and Tommy Wilkes NEW YORK/LONDON (Reuters) - Those clinging to a decade-old belief that the Fed will mount a rescue of tanking stock markets with a last-minute pushback on the timing ...
Jan 26, 2022
Peoria, IL, USA
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