Fed to start publishing new semiannual review of financial stability

Fed to start publishing new semiannual review of financial stability
The Federal Reserve said it will start publishing a semiannual report on financial stability. The report, the first of which will come on Nov. 28, will include a summary of the central bank’s framework for assessing the resilience of the U.S. financial system and a discussion of key indicators related to the main financial stability vulnerabilities: asset valuations, borrowing by... Read More

NASCAR makes offer for International Speedway, owner of its racetracks

NASCAR makes offer for International Speedway, owner of its racetracks
NASCAR has offered to purchase International Speedway Corp. ISCA, -1.11% which owns and operates 13 of the race-car circuit’s tracks. According to a release lat Friday, NASCAR offered $42 a share for all of the shares not currently owned by the France family, which largely owns and controls NASCAR and owns about 1.4% of ISC, according to FactSet. “The intention... Read More

Cesar Sayoc faces life in prison after 30-count indictment over explosive devices

Cesar Sayoc faces life in prison after 30-count indictment over explosive devices
Cesar Sayoc was charged in a 30-count indictment with mailing improvised explosive devices among other charges, the Justice Department said Friday. Sayoc targeted former high-ranking officials including President Barack Obama, President Bill Clinton, Vice President Joe Biden and Secretary of State Hillary Clinton, as well as CNN. Sayoc faces life in prison. Have breaking news sent to your inbox. Subscribe... Read More

Mexican peso rallies as López Obrador walks back proposed banking regulation

Mexican peso rallies as López Obrador walks back proposed banking regulation
Mexico’s peso jumped versus the U.S. dollar on Friday, as Mexican President-elect Andrés Manuel López Obrador walked back promises of banking regulation. On Thursday, his Morena party introduced a bill proposing to cap banking fees in Mexico, which weighed on stocks in the sector. López Obrador, who officially takes office in December, said he was no longer looking to change... Read More

U.S. oil benchmark settles at lowest since March, loses nearly 5% for the week

U.S. oil benchmark settles at lowest since March, loses nearly 5% for the week
By Markets/commodities reporter U.S. oil futures declined Friday to settle at their lowest since early March, down nearly 5% for the week. Rising crude output from key producers, including Saudi Arabia, Russia and the U.S., continued to feed worries about a potential glut in global supplies pressure prices sending prices down for a fifth straight week. Traders look ahead to... Read More

Trump involved in payouts to women, potentially violated campaign laws, Wall Street Journal reports

Trump involved in payouts to women, potentially violated campaign laws, Wall Street Journal reports
WASHINGTON (MarketWatch) – Donald Trump played an active role in arranging hush-money deals with a model and an adult-film star ahead of the 2016 presidential election and may have violated campaign-finance laws, according to the Wall Street Journal. The two women, Karen McDougal and Stormy Daniels, claim they had affairs with Trump. The president has repeatedly denied involvement in deals... Read More

Natural-gas futures soar, on track for highest finish since December 2016

Natural-gas futures soar, on track for highest finish since December 2016
By Markets/commodities reporter Natural-gas futures climbed by 6% on Friday, on track for the highest front-month contract settlement since December 2016, according to FactSet data. “As I look out my window and see snow falling, it appears the early onset of winter continues to boost speculation that we could see higher heating demand this year at a time when supplies... Read More