Fed's Kashkari Says New Forward Guidance Could Have Been Stronger

New Federal Reserve guidance over the future path of rates fell short of what was needed, Minneapolis Fed leader Neel Kashkari said. 


 
U.S. Stocks Waver as Investors Brace for Volatile Trading

Major indexes wobbled but remained on track to finish another tumultuous week with slim gains, as investors braced for a choppy session ahead of the simultaneous expiration of an array of stock futures and options contracts. 


 
U.S. Consumer Sentiment Edged Up in Early September

Consumer sentiment in the U.S. increased more than expected in early September, but confidence among Americans remained at depressed levels as coronavirus worries persist, results from a University of Michigan survey showed Friday. 


 
LSE Eyes Sale of Italian Unit to Help Secure Refinitiv Approval

The U.K. exchange operator took a key step toward gaining regulatory approval for its $15 billion acquisition of financial-data company Refinitiv by entering into exclusive talks for the sale of its Italian exchange operator. 


 
Russian Central Bank Keeps Key Interest Rate Steady

Russia's central bank kept its key interest rate on hold at 4.25%, pausing a recent cutting cycle that saw rates fall to a record low as the coronavirus pandemic pushed the economy into a deep recession 


 
Talking Markets: Spain, Italy's Post-Covid Recovery Threatened by Reliance on Tourism

As the coronavirus pandemic hits Europe's tourism and travel sector, Spain and Italy face considerably greater hurdles than peers in the north of the eurozone. 


 
Trump Administration to Announce $11.6 Billion in Aid for Puerto Rico

The funds come as the island continues to recover from the devastation caused by Hurricane Maria in 2017. 


 
China's Stock Bulls Spark a Decoupling in Market Prices

Some mismatch between a company's shares listed on China's mainland and their counterparts in Hong Kong isn't unusual. But the growing gulf is creating a strange situation where companies can simultaneously have two radically different valuations. 


 
Is America's Favorite Retirement Plan Broken?

Joe Biden's proposal to make 401(k)s fairer highlights the holes in Americans' retirement savings. His solution isn't radical enough. 


 
U.K. Retail Sales Rise Again

U.K. retail sales rose 0.8% in August, the fourth straight monthly, and have gained of 4% on February's pre-pandemic level.