Category: Economy

Major Averages Close Mixed After Fed Leaves Rates Unchanged – U.S. Commentary

WallStreetReview
Major Averages Close Mixed After Fed Leaves Rates Unchanged – U.S. Commentary
Following the rally seen in the previous session, stocks fluctuated over the course of the trading session on Thursday. Despite the choppy trading, the Dow inched up to its best closing level in a month. The major averages ended the day on opposite sides of the unchanged line. While the Dow crept up 10.92 points or less than a tenth... Read More

Key House Democrat wants answers about why Sessions was forced out

WallStreetReview
Key House Democrat wants answers about why Sessions was forced out
By Senior economics reporter Rep. Jerry Nadler, the New York Democrat who is slated to lead the House Judiciary Committee next year, said he wanted “answers” on why Attorney General Jeff Sessions was forced out of office by President Donald Trump. “Why is the President making this change and who has authority over Special Counsel (Robert) Mueller’s investigation,” Nadler said... Read More

ITG settles SEC suit for allegedly misleading dark pool subscribers

WallStreetReview
ITG settles SEC suit for allegedly misleading dark pool subscribers
By Senior economics reporter The Securities and Exchange Commission announced Wednesday that ITG Inc. ITG, +8.09% and its affiliate AlterNet Securities will pay $12 million to settle charges they misled customers about the operation of the firm’s dark pool from 2010 until 2015. “Contrary to assurances it made to dark pool subscribers, ITG failed to ensure that trading information was... Read More

Construction spending unchanged in September after strong gain in prior month

WallStreetReview
Construction spending unchanged in September after strong gain in prior month
By Senior economics reporter Outlays for U.S. construction projects was flat in September at a seasonally adjusted annual rate of $1.33 trillion, the Commerce Department reported Thursday. Economists polled by MarketWatch had expected growth of 0.2%. Spending in August was revised up to a 0.8% gain from the prior estimate of a 0.1% increase. This was the strongest gain since... Read More

Robert Bowers indicted on 44 counts including hate crimes for synagogue shooting

WallStreetReview
Robert Bowers indicted on 44 counts including hate crimes for synagogue shooting
By Senior economics reporter A federal grand jury in Pittsburgh on Wednesday charged Robert Bowers with a 44-count indictment including federal hate crimes and murder for the killing of 11 people at the Tree of Life Synagogue. Bowers faces a possible death sentence, or life without parole. Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails.... Read More

Eurozone Q3 Growth Halves

WallStreetReview
Eurozone Q3 Growth Halves
Eurozone economic growth halved in the third quarter amid global trade disputes, Italy’s budget chaos and problems in the automotive industry. Gross domestic product expanded only 0.2 percent sequentially after rising 0.4 percent in the second quarter, preliminary flash estimate from Eurostat showed Tuesday. The economy logged its weakest expansion in four years, while economists had forecast the growth rate... Read More