Fed Officials Split Over Timing of Next Rate Increase
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New doubts over sagging inflation in the past few months are driving a split at the Federal Reserve about the timing of the next increase in interest rates.
World's Biggest Pension Fund Wants to Stop Index Trackers Eating the Economy
If investors continue to pile passive index-tracking, at some point markets will stop doing their job of allocating resources efficiently in the economy. Perhaps they already have.
China's Anbang Hits a Wall in South Korea
China's Anbang Insurance dived into South Korea, spending over $1 billion as it took control of two insurers, agreed to buy an asset-management company and picked up a bank stake. Now those deals are fraying.
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Prosecutors Allege Insider Trading Involving Former Bank of America IT Worker
A former Bank of America employee and several friends at prominent Wall Street firms face criminal insider-trading charges over tips about potential mergers gleaned from a confidential deals database.
Elliott Moves to Block Berkshire Bid for Oncor; Buffett Stands Pat
Elliott Management has purchased a slice of debt that would ensure the hedge fund's ability to block Warren Buffett's deal to buy power-transmission business Oncor, according to people familiar with the matter.
Sale of Once Hot High-Frequency Trading Firm Reflects Industry Troubles
Electronic-trading firm DRW Holdings has agreed to buy high-frequency trader RGM Advisors, the latest sign of how the long period of low volatility is shaking up the high-speed trading world and forcing out the weaker players.
Cushman & Wakefield Expands Operations in 4 States
Cushman & Wakefield has beefed up its operations in Minnesota, Washington, Utah and Nevada, part of a growth push it has been on since it merged with two other large commercial real-estate services firms in 2014 and 2015.
Fed's Williams: Interest Rates About Half Their Normal Level
Federal Reserve Bank of San Francisco President John Williams told broadcaster CNN Tuesday that short-term interest rates are currently about half their normal level, and need to rise gradually over the next few years.
This Auto Lender Won't Pay Off
Subprime auto lender Credit Acceptance has run circles around short-sellers, but it shares are now looking expensive and vulnerable.
Wells Fargo Names Former Fed Governor Elizabeth Duke to Chairman Role
Wells Fargo said Elizabeth Duke would replace its chairman, Stephen Sanger, on Jan. 1, making the former Federal Reserve governor the first woman to hold a top board role at one of the nation's largest banks.
(END) Dow Jones Newswires
August 17, 2017 11:15 ET (15:15 GMT)