Wall Street Dials Back Fed-Cut Bets on Solid Data: Markets Wrap
(Bloomberg) — The world’s biggest bond market got hit as a solid retail sales report had traders trimming their bets on Federal Reserve rate cuts this year. Most Read from…
Dow Jones Today: S&P, Dow Hit Records; TSMC Soars on AI Demand
Euro Declines as ECB Cuts Rates Amid Weakening Economy 8 minutes ago The euro declined against the U.S. dollar on Thursday after the European Central Bank (ECB) cut interest rates…
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- Legal Topics
- October 17, 2024
- 22 views
The Murky Waters of Wash Trading Digital Assets – DOJ Charges 18 Individuals and Entities
The United States Attorney’s Office for the District of Massachusetts recently unsealed what it described as the “first-ever criminal charges against financial services firms for market manipulation and ‘wash trading’ in the cryptocurrency…
Yellen to warn sweeping tariffs would ignite inflation, NYT reports
(Reuters) – The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech,…
Futures extend gains after economic data
(Reuters) – U.S. stock index futures extended gains on Thursday after a larger-than-expected rise in monthly retail sales pointed to a healthy U.S. consumer. Retail sales rose 0.4% in September…
Oil edges up from two-week lows as investors await US inventory data
By Florence Tan SINGAPORE (Reuters) -Oil prices edged higher on Thursday from two-week lows, with investors eyeing developments in the Middle East and more details on China's stimulus plans, as…
Turkey to Hold Interest Rates Steady to Slow Sticky Inflation
(Bloomberg) — Turkey’s central bank is expected to extend its interest-rate pause for a seventh straight month after September inflation data came in higher than expected. Most Read from Bloomberg…
- Legal Topics
- October 17, 2024
- 16 views
TCPA Rules on Revoking Consent for Unwanted Robocalls and Robotexts Effective April 2025
On October 11, 2024, the Federal Communications Commission announced that the effective date for Telephone Consumer Protection Act (TCPA) rules on revoking consent for unwanted robocalls and robotexts is set for April…
Oil Edges Higher as Traders Weigh Middle East Risks, Supply Glut
(Bloomberg) — Oil inched up as traders weighed potential supply risks from the Middle East against a weak outlook for global demand. Most Read from Bloomberg West Texas Intermediate rose…
Oil company Phillips 66 says it will shut down Los Angeles-area refinery
LOS ANGELES (AP) — Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The refinery…
