WASHINGTON — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that report shows inflation continues to cool, then Waller said he would be willing
The US Securities and Exchange Commission has sent subpoenas to major Wall Street banks regarding the hedge fund Situational Awareness, according to people familiar with the matter. The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last
A financial crisis that has long been predicted by Russia experts and Kremlin insiders appears to have finally arrived as banks see depositors scramble to pull out their money amid fears it may be seized. In the first half of August, Russians withdrew $3.4 billion (286.4 billion rubles), according to central bank data cited by
JPMorgan Chase & Co.’s Jamie Dimon warned UK Chancellor of the Exchequer John Healey in a call last week against higher taxes on banks as Prime Minister Andy Burnham’s government prepares its budget for October, the Financial Times reported. Dimon said higher taxes often drive away jobs, citing a decline in finance jobs in New
Netflix filed a motion Friday to throw out Tyra Banks‘ defamation suit over a documentary series about “America’s Next Top Model,” arguing that Banks is taking issue with routine editorial decisions. Banks sued in June, accusing Netflix and the show’s directors, Mor Loushy and Daniel Sivan, of falsely portraying her as having been insensitive to
If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to the customers that originally paid the tariffs. The refunds