Biden Backs Powell After Sen. Elizabeth Warren Intensifies Opposition
The Fed chairman, whose term expires in four months, has tried to quell a controversy over officials' investment activities.
New Zealand's Central Bank Raises Interest Rates
New Zealand's central bank raised interest rates from a record low and signaled more increases over the next year, as it seeks to tame inflation and rein in booming house prices.
Apple Pay Fees Vex Credit-Card Issuers
Banks are nudging Visa to change the way it processes some Apple Pay transactions, according to people familiar with the matter.
The U.S.-China Trade Conflict Remains Frozen
By keeping existing tariffs, with possible loopholes, Biden walks a fine line between his domestic economic agenda, China hawks and anxious allies.
U.S. Companies Pick Up Adoption of Libor Alternative SOFR
Businesses are dumping the London interbank offered rate ahead of a year-end deadline for abandoning the troubled short-term interest-rate benchmark.
SEC's Gensler Aims to Save Investors Money by Squeezing Wall Street
The chairman of the Securities and Exchange Commission is working on tougher rules for high-speed trading firms, private-equity managers, mutual funds and online brokerages.
Swiss Re Updates on Ida Claims, Flood Losses
Swiss Re said its preliminary claims burden from Hurricane Ida is expected to be around $750 million and updated its loss estimate for the floods in Europe to $520 million.
This Startup Says the Stock Market Should Be Open 24/7
24 Exchange seeks SEC approval to offer round-the-clock stock trading 365 days a year.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Dollar Strength Gives Wall Street Something New to Worry About
Concerns about growth and surging energy prices, as well as higher bond yields, are attracting investors to the greenback. But a strong dollar has the potential to hold back gains in stocks and other assets.
(END) Dow Jones Newswires