The Texas Attorney General’s Office ruled that Wells Fargo & Co. can continue underwriting municipal-bond transactions in the state after probing the bank’s policies on the firearms industry.
Since the height of the Cold War, the rules governing the safety and security of the global nuclear industry have been decided behind closed doors by a 35-member board that excludes some of the major players in the business. The world’s biggest uranium producer is trying to shake up the status quo.
Wellfleet, Massachusetts, the affluent outer Cape Cod beach town that in April lost its AAA credit rating because the high cost of living led to turnover in its financial staff, is tapping the municipal market next week to help finance affordable housing.
US consumers’ year-ahead inflation expectations picked up in August to a three-month high as gasoline prices increased, weighing on sentiment.
Here are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:
The following is a reformatted version of prepared remarks titled “Inflation: Progress and the Path Ahead” that Federal Reserve Chair Jerome Powell is delivering Friday at Jackson Hole:
Wells Fargo & Co. has agreed to pay a $35 million penalty to settle allegations that it overcharged more than 10,900 investment advisory accounts, the Securities and Exchange Commission said.
Boasting a higher market capitalization than General Motors Co. and Ford Motor Co. put together, loss-making VinFast Auto Ltd. raises a familiar question for EV investors: how long can it hold its stellar gains.
Hawaiian Electric Industries Inc. slumped to the lowest since 1984 after the company said it will draw down on credit lines and suspend its dividend to preserve cash in the wake of deadly wildfires on Maui.
The drop in US stocks on Thursday despite a bumper report from Nvidia Corp. shows the rally this year is “exhausted” and portends more declines to come, according to Morgan Stanley’s Michael Wilson.
