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Market News
October 12, 2021
Yellen Sticks with ‘Transitory’ View of U.S. Inflation
Treasury Secretary Janet Yellen stuck with her assessment that elevated U.S. inflation will prove “transitory,” while acknowledging it will take...
October 12, 2021
Online Boutique Lulu’s Files for IPO Disclosing Sales Growth
Lulu’s Fashion Lounge Holdings Inc., an online retailer focused on women’s apparel, filed for an initial public offering, disclosing a turn to...
October 12, 2021
Quarles Will Lose Role as Chief Watchdog of Wall Street Banks
Federal Reserve Vice Chairman for Supervision Randal Quarles will be removed from his role as the main watchdog of Wall Street lenders after his...
October 12, 2021
Texas Companies Are Stuck Between Mandates. What Now?
Texas businesses face risk and uncertainty as the state and federal government spar over Covid-19 vaccine mandates for employees. Governor Greg...
October 12, 2021
China Not ‘Dumb’ Enough for Lehman Moment, StanChart CEO Says
The Chinese government won’t allow the turbulence surrounding stricken property developer China Evergrande Group to turn into a systemic crisis,...
October 12, 2021
Miami Mayor Says Plan Advancing to Pay City Employees in Bitcoin
Miami Mayor Francis Suarez said it’s “a major priority” for the city to be able to pay government employees in Bitcoin. “I want us to...
October 12, 2021
Sackler Liability Releases Are the ‘Big Dog’ in Purdue Appeal, Judge Says
A federal judge vowed to move swiftly and with a narrow focus in an appeal of Purdue Pharma LP’s hotly contested deal to settle a mountain of...
October 12, 2021
Port Authority Pauses LaGuardia AirTrain as It Reviews Project
The Port Authority of New York & New Jersey will pause work on the AirTrain to LaGuardia airport as the authority undertakes review of the...
October 12, 2021
Bitcoin Buckles, Then Bounces, in Late-Day Spurt of Volatility
A flurry of selling briefly pushed Bitcoin to its biggest intraday drop in more than two weeks. While the largest cryptocurrency recouped some of its...
October 12, 2021