CFPB Head Cordray to Step Down, Paving Way for Change at Watchdog
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Richard Cordray, the first head of a consumer regulator created after the financial crisis, plans to leave at the end of November, ending a tumultuous six-year tenure and paving the way for President Donald Trump to restructure the agency.
Stocks, Commodities Fall Further as Investors Dial Back on Risk
Stocks and commodities extended declines Wednesday as investors dialed back on riskier assets.
U.S. Retail Sales Rose 0.2% in October
American consumers modestly increased their spending in October, a sign households moderated after a hurricane-related bump the prior month.
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Russia Offers Venezuela Debt Relief
Russia threw a lifeline to Venezuela on Wednesday, restructuring the more than $3 billion it is owed by its economically and politically troubled South American ally.
U.S. Consumer Prices Edged Up in October
U.S. consumer prices rose only slightly in October, showing stubbornly soft inflation is persisting.
Oil Drops as U.S. Inventories Build Up
Oil prices fell on Wednesday, as inventory data showed an increase in crude stockpiles and growing U.S. production.
How a New Inflation Measure Would Raise Taxes on the Middle Class
Tucked into Republicans' tax overhaul bill is a technical tweak to how inflation is measured. It is designed to hold down the deficit, but over time it becomes a tax increase that hits many middle-class households who start out as the plan's beneficiaries, Greg Ip writes.
BOE Official Says Brexit May Not Bring Lower Interest Rates
A senior Bank of England official warned investors not to assume the U.K.'s looming departure from the European Union will inevitably mean lower interest rates.
What's Behind the Market Wobble?
Some assets certainly feel chillier in November than in October. Answers are elusive, but markets may have set themselves up for a fall.
U.S. Oil and Gasoline Inventories Unexpectedly Rise
U.S. inventories of crude oil unexpectedly increased by 1.9 million barrels for the week ended Nov. 10, while gasoline supplies also saw a surprising 894,000-barrel rise, government data showed.
(END) Dow Jones Newswires
November 15, 2017 15:15 ET (20:15 GMT)