Stocks slip, Dow sheds more than 100 points after FOMC releases meeting minutes

Stocks slip, Dow sheds more than 100 points after FOMC releases meeting minutes

Stocks slipped Wednesday afternoon after the Federal Open Market Committee released meeting minutes indicating that officials remain set on continued gradual rate hikes. The S&P 500 (^GSPC) was fell 0.22%, or 6.05 points, while the Dow (^DJI) tumbled 0.44%, or 112.94 points, as of 2:27 p.m. ET. The Nasdaq (^IXIC) fell 0.4%, or 30.89 points. […]

Getting started on the digital finance journey

Getting started on the digital finance journey

Over the years, the role of finance has undergone a metamorphosis, with many Chief Financial Offers (CFOs) assuming a strategic role as virtual co-pilots to the Chief Executive Officer (CEO). The traditional responsibilities of CFOs still consume a lot of time. But the evolution of the role would require CFOs to free up much more […]

Surprising Financial Facts About the "Sandwich Generation"

Surprising Financial Facts About the "Sandwich Generation"

Having children comes with familiar — and even predictable — sets of problems and obligations. As they grow, you know you’ll be navigating your way from diaper changes to homework to curfews to college loans, and eventually (hopefully), to being mostly off the hook as your adult offspring take responsibility for their own lives. That […]

Saudis reject threats as stocks plunge after Trump comments

Saudis reject threats as stocks plunge after Trump comments

DUBAI, United Arab Emirates (AP) — Saudi Arabia warned on Sunday that it will respond to threats and political pressure with tough measures of its own after President Donald Trump said the oil-rich kingdom deserves “severe punishment” if responsible for the disappearance and suspected murder of Washington Post contributor Jamal Khashoggi. The apparent threat of […]

State finance officials frustrated over budget bill hangup

State finance officials frustrated over budget bill hangup

By Colin A. Young State House News Service  October 13, 2018 Comptroller Thomas Shack feels like he’s the chirping smoke detector of state government, regularly sloughed off when he attempts to warn of an impending problem. “When the smoke detector starts to go off you have two things you can do; you can either address […]

Finance ministry rubbishes charge of stuck GST claims worth Rs 23000 crore

Finance ministry rubbishes charge of stuck GST claims worth Rs 23000 crore

NEW DELHI: The finance ministry on Friday dismissed as “exaggerated” and “inaccurate” exporters’ contention that about Rs 23,000 crore of goods and services tax-related refund claims are stuck with the government. “A large number of exporters have been granted refunds so far while a few claims are still pending owing to deficiencies found in the […]

'Winter is coming': Indonesia warns world finance leaders over trade war

'Winter is coming': Indonesia warns world finance leaders over trade war

NUSA DUA, Indonesia (Reuters) – Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again on Friday: Everyone stands to lose if trade wars are allowed to escalate. A participant attends plenary session at the International Monetary […]

Stocks waver after Wednesday's rout

Stocks waver after Wednesday's rout

Stocks slid following Wednesday’s global rout. The Dow (^DJI) tumbled 1.12%, or 285.43 points as of 2:26 p.m. ET, after plummeting more than 800 points at the end of trading Wednesday. The S&P 500 (^GSPC) slipped 1.26%, or 34.17 points. Both the Dow and S&P 500 had posted their worst single-day declines since February on Wednesday. The […]

Dow drops 831 points, S&P 500 posts five-day losing streak

Dow drops 831 points, S&P 500 posts five-day losing streak

Stocks posted their worst single-day drop in months on Wednesday. The Dow (^DJI) tumbled 3.15%, or 831.83 points, with all 30 component of the blue-chip index finishing in the red. The S&P 500 (^GSPC) fell 3.29%, or 94.66 points for its fifth day of losses and longest losing streak since late 2016  The declines marked the biggest single-day […]

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