The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr named Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising rates for only the second time in more than a decade.
The BoE said its nine rate-setters voted unanimously to hold rates at 0.75 percent, in line with economists' expectations in a Reuters poll, and said there had been limited domestic developments since its Aug. 2 meeting, other than on Brexit.
"Since the Committee's previous meeting, there have been indications, most prominently in financial markets, of greater uncertainty about future developments in the (EU) withdrawal process," the central bank said.
The BoE's regional staff reported businesses were tightening cost control and holding off on investment ahead of Britain's March 2019 withdrawal from the European Union. Exporters saw a 40 percent chance that Brexit would hurt their sales.
Nonetheless, BoE staff raised their forecast for third-quarter growth to 0.5 percent from 0.4 percent, partly due to stronger consumer spending over an unusually warm summer.
Most economists polled by Reuters do not expect the BoE to raise rates again until after Britain has left the EU, and the BoE reiterated on Thursday that business, financial market and household reaction to Brexit would affect the path for monetary policy.
The coming six to eight weeks are due to see intensive talks between London and Brussels to hammer out details of the divorce deal, and some of May's own lawmakers strongly resist her preferred compromise.
Earlier on Thursday, Governor Mark Carney -- whose own term was extended this week until January 2020 to help smooth the post-Brexit transition -- was spotted entering Prime Minister Theresa May's official residence before she met senior ministers to discuss a 'no deal' Brexit.
Carney warned legislators last week that if Britain left the EU without a trade deal, economic difficulties could squeeze British households' incomes for years to come..
The central bank said on Thursday it also saw greater headwinds to global growth, especially if the United States and China implemented recently announced protectionist trade measures.
The BoE raised interest rates in August because it believed the economy was running close to full capacity, which risks causing inflation to continue overshooting its 2 percent target even once the effect of sterling weakness has faded.
Its August forecast for growth this year was lacklustre at 1.4 percent, which would be the weakest annual expansion since 2012 as the inflationary effect of sterling's post-Brexit fall hurt consumers and trade worries dented business demand.
Carney said after August's rate rise that households could reasonably expect about one quarter-point rate rise a year going forward, assuming the economy grew as expected.
On Thursday, the BoE kept to its standard line that ongoing tightening of monetary policy was likely to be needed if the economy grew as forecast, but that any rate rises would be limited and gradual.
Inflation data for July came in a shade weaker than the BoE had expected, at 2.5 percent. But economic growth in the three months to July was faster than most economists had predicted at 0.6 percent, after one of the hottest summers on record encouraged Britons to spend more on barbecues and at bars and restaurants.
Labour market data shows increased tightness, too. The jobless rate is holding at its lowest since 1975, and wages -- excluding volatile bonuses -- are growing at a rate last exceeded three years ago.
BoE staff said businesses were offering staff pay deals in a 2.5 percent to 3.5 percent range, higher than a year before, due to "elevated" recruitment difficulties.