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 President Donald Trump on Tuesday praised North Korea's leader and blasted the Iranian regime in a speech at the United Nations, while attacking Supreme Court nominee Brett Kavanaugh's second accuser.
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The Dow Jones Industrial Average and the S&P 500 on Tuesday extended a multisession skid while the Nasdaq booked its second straight gain, highlighting a period of divergence for the benchmarks ahead of the Federal Reserve's decision. The Dow closed off by about 67 points, or 0.3%, at 26,495, the S&P 500 index gave up 0.1% at 2,915. The S&P 500 has ended lower the past three days, while the Dow has posted back-to-back declines. However, the Nasdaq Composite Index eked out a second gain in a row, up 0.2% at 8,007, with the technology and internet-centric gauge following the fortunes of Apple Inc. higher for a second straight session. The Fed is widely expected to deliver its third rate increase of 2018 but investors will follow closely the central bank's projections for future rate increases as well as comments from Fed Chairman Jerome Powell Wednesday afternoon. Wall Street has been fixated on the developments in trade clashes between China and the U.S., but have managed to post positive returns, amid an apparent escalation of tensions between the economic superpowers. Market participants fret a tit-for-tat dispute between Washington, Beijing and other global partners could spiral into a full-blown trade conflict that crimps corporate profits. However, so far stocks have traded within range of all-time highs as investors focus on the domestic economic strength. Equity benchmarks also met some resistance from rising yields, with the 10-year Treasury note hitting above 3.10%, flirting with its highest level in about seven years, according to Dow Jones Market Data. Bond prices fall as yield rise. Climbing rates follow expectations that the Fed will dial up rates, which can make borrowing costs more expensive for corporations, while also undermining the appeal of risk-free government paper against stocks. Market participants also watched President Donald Trump deliver a speech in front of the United Nationals general assembly in New York, where he cr
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 The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.
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Shares of Square soared Tuesday after an analyst said that the company is doing for the payments sector what Facebook, Amazon, Netflix, and Alphabet did for the technology industry.
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Ars Technica
Qualcomm has accused Apple of stealing modem-chip designs and giving them to Intel in order to help Intel make cellular chips that could be used in iPhones at lower prices than those charged by Qualcomm. "Apple has engaged in a years-long campaign of ...
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2018-09-25 0001021771-18-000060 15 KB
Item 3.02: Unregistered Sales of Equity Securities
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For all the marketing around B2B electronic payment platforms, many of which are based on blockchain, there are few actual users of the technology - even though it purports to reduce the time needed to send, clear and settle global payments from days to seconds.
The technology enables the representation of digital currency (a "stable coin") backed by traditional fiat money, or the creation of cryptocurrencies (a new asset class) such as bitcoin or Ethereum, Ripple's XRP or Stellar's Lumen, enabling new sources of liquidity. Those digital assets are transmitted across a decentralized network where transactions are recorded on an immutable blockchain ledger.
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Treasury Secretary Steven Mnuchin and OCC head Joseph Otting want to overhaul the Community Reinvestment Act, in part based on their experiences running OneWest Bank. Mr. Otting has said the plan would rationalize the process and make it harder to derail mergers, while groups worry the changes could hurt lower-income borrowers.
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 Investors at American Outdoor Brands Corp approved a call for the gun maker to produce a safety report, officials said during its annual meeting on Tuesday, marking a second win for religious...
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U.S. stocks were flat on Tuesday as the boost from energy sector and strong consumer confidence data helped offset losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike.
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