Fed Raises Interest Rates But Forecasts Fewer Rate Hikes Next Year
In a widely expected move, the Federal Reserve announced its decision to raise interest rates by a quarter point on Wednesday. The central bank said its Federal Open Market Committee decided to raise the target range for the federal funds rate by 25 basis points to 2.
Mastercard taps into buy-now, pay-later trend with acquisition of Vyze
Mastercard Inc. is wading into the buy-now, pay-later movement as consumers adopt a more nuanced view of credit purchases.
Amazon’s Q3 Results Are Out, But Shareholders Aren’t Happy
Amazon released its Q3 sales results on Thursday, as well as its profit guidance for Q4. Despite strong revenue growth over the last three months, the company’s stock has taken a hit as projections for the holiday season fall short.
JPMorgan Reportedly To Cut Hundreds Of Jobs In Asset And Wealth-management...
JPMorgan Chase & Co. (JPM) is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, Bloomberg reported citing people familiar with the matter.
Principal to acquire Wells Fargo Institutional Retirement & Trust business |...
Principal to acquire Wells Fargo Institutional Retirement & Trust business
Deutsche Bank plans cuts in U.S. equities, prime unit: sources –...
Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters.
Citi To Begin Offering Direct Custody & Clearing Services To Clients...
Citi (C) said that it will begin offering Direct Custody & Clearing or DCC services to clients in Norway, starting mid-November. The new offering expands Citi's proprietary DCC network to over 60 markets globally including 37 markets across Europe, the Middle East and Africa or EMEA.
Brookfield to Acquire 62% of Oaktree Capital Management – Brookfield Asset...
Together, Brookfield and Oaktree will provide global investors with one of the most comprehensive offerings of alternative investment products available in the marketplace todayHoward Marks, Bruce Karsh, and other members of Oaktree Capital Group Holdings, L.P. will own 38% and retain operating control of Oaktree
Uber: Investors value Uber’s self-driving car unit at $7.25 billion, Auto...
Uber is expected to begin courting public investors in the coming weeks and will make its debut on the public market next month.
U.S. consumer prices up 0.3 percent in October –
WASHINGTON — Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase. The Labor Department said Wednesday that this meas…
