The Federal Reserve could encourage banks to tap a key funding source that has been scarcely used since the financial crisis as a solution to the September dislocations in short-term lending markets, said Fed Vice Chairman for Supervision Randal Quarles on Thursday. Quarles said financial institutions should not be afraidRead More →
© Reuters. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California By Jamie Freed and Tracy Rucinski SYDNEY/CHICAGO (Reuters) – Boeing (NYSE:) Co has decided to suspend production of its best-selling 737 MAX model from January, theRead More →
WASHINGTON (Reuters) – A group of 12 states led by California and New York on Friday challenged the Trump administration’s decision to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers that fail to meet fuel efficiency requirements. Automakers protested the higher penalties, which they saidRead More →
Getty Images The U.S. economy is still open for business, with layoffs and unemployment near a 50-year low. The massive job-producing engine known as the U.S. economy blew a gasket in February, but Wall Street is convinced it was just a temporary failure. Here’s what to watch in Friday’s employmentRead More →
