Trump Attacks the Fed as Stocks Fall and the Midterms Loom

Trump Attacks the Fed as Stocks Fall and the Midterms Loom

But the volume of public commentary greatly diminished in recent decades as politicians concluded that pressuring the Fed was counterproductive. The administrations of Presidents Bill Clinton, George W. Bush and Barack Obama all made a policy of silence on monetary policy. Krishna Guha, the head of the central bank strategy team at Evercore ISI, said […]

US futures dive sharply as Wall Street rout batters markets

US futures dive sharply as Wall Street rout batters markets

Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016. Equity markets around the globe are seeing red Thursday, after the Dow Jones industrial average sank more than 800 points in the previous session as concerns around […]

Quickening Retreat From Tech Sinks Market

Quickening Retreat From Tech Sinks Market

U.S. stocks suffered their biggest decline in more than seven months Wednesday, as investors accelerated their retreat from fast-growing technology stocks in favor of shares that have been overlooked. Major indexes have started the fourth quarter on their weakest footing since the beginning of 2016, and the swift fall has some investors wondering if this […]

Cult skincare brand Deciem to shut following founder's bizarre Instagram meltdown

Cult skincare brand Deciem to shut following founder's bizarre Instagram meltdown

BEAUTY fans are in panic mode after the CEO of cult beauty brand The Ordinary revealed the company’s shock closure in a bizarre Instagram post. Brandon Truaxe, the founder of Deciem, the beauty company behind insanely popular brands including The Ordinary, NIOD, and Hylamide, made the abrupt announcement yesterday. In a confusing, minute-long video, Mr […]

Daimler CFO to Leave as Mercedes-Benz Maker Gears Up for Revamp

Daimler CFO to Leave as Mercedes-Benz Maker Gears Up for Revamp

Daimler AG Chief Financial Officer Bodo Uebber will leave the maker of Mercedes-Benz luxury cars, marking the first top-level departure after the German manufacturer picked Ola Kallenius to take over as chief executive officer next year. Uebber, 59, informed supervisory board chairman Manfred Bischoff that “he is not seeking to extend his current appointment,” Daimler […]

China cuts some banks' reserve requirements to spur growth

China cuts some banks' reserve requirements to spur growth

China’s central bank said on Sunday it would cut the amount of cash that most banks must hold as reserves to lower financing costs and spur growth, amid concerns over a potential economic drag from an escalating trade dispute with the United States. The reserve requirement cut, the fourth by the People’s Bank of China […]

Lawsuit Accuses LaCroix Seltzer of Containing Artificial Ingredients Used in Cockroach Insecticide

Lawsuit Accuses LaCroix Seltzer of Containing Artificial Ingredients Used in Cockroach Insecticide

A new lawsuit is claiming that popular seltzer water brand LaCroix uses synthetic ingredients, despite its “all natural” branding. The alleged synthetic ingredients include ethyl butanoate, limonene and linalool propionate, according to the class action suit filed last week by Beaumont Costales. The suit is being brought against LaCroix’s parent company National Beverage Corporation in […]