The Bank of Canada is using its economic forecasts to try to prevent medium-term rates from falling too much and stoking more housing market speculation, according to a top economist.
Detroit is poised to mark the 10th anniversary of its historic bankruptcy by tapping the municipal bond market for $100 million of financing, most of which will go toward its program of reviving blighted neighborhoods.
A 14-month low in the US dollar rippled through global currency markets as traders consider the impact of cooling US inflation on the Federal Reserve’s most-aggressive tightening cycle in a generation.
The British Broadcasting Corp.’s Huw Edwards was named as the presenter alleged to have paid a teenager for sexually explicit photographs. He doesn’t face any criminal charges, the police said.
Treasury yields fell and stocks rose as data showing a slowdown in inflation bolstered speculation the Federal Reserve is close to ending its rate hikes.
Canada will propose long-awaited measures to end some fossil fuel subsidies this month, becoming the first country in the Group of 20 to make the move, its environment minister said.
Illinois reached a tentative deal to settle a nearly decade-long lawsuit that alleged about a dozen of the biggest US banks engaged in price fixing in the municipal bond market.
There could be rough seas ahead for the superyacht tech billionaire Eric Schmidt won at auction in Antigua last month for $67.6 million.
Former Federal Reserve Vice Chair for Supervision Randal Quarles criticized his successor’s plan to significantly increase capital requirements for big banks, saying it would needlessly hurt the economy.
The former chief growth officer of college financial-planning startup Frank was indicted by federal prosecutors for allegedly helping founder Charlie Javice defraud JPMorgan Chase & Co. in its $175 million acquisition of the company.
