- BusinessFox Business•12 hours ago
Fed: Portfolio cuts 'relatively soon,' December rate hike less certain
Members of the Federal Reserve’s policy-setting committee expect to start the clock on shrinking its $4.5 trillion portfolio “relatively soon,” according to minutes of their July meeting. Economists widely believe the Fed will announce plans to reduce its balance sheet in September, and July’s minutes, released on Wednesday, reaffirmed that central bank officials are ready to move forward. There were some participants who wanted to kick off a balance sheet reduction at the July meeting, though most opted to stay the current course.
- FinanceZacks•20 hours ago
AT&T's (T) DirecTV Receives $3.95B Fine for Deceptive Ad Suit
U.S. telecom behemoth AT&T Inc.’s T DirecTV deceptive advertising lawsuit filed by the Federal Trade Commission (FTC) in Mar 2015, is currently on trial in the federal court. The trial became functional from this Monday with opening arguments in U.S. District Court in Oakland, CA, and is scheduled to last 20 days. FTC lawyer Jacob A. Snow clearly pointed out that 33 consumers were deceived by the company during the span of 2007-2015. As a result of sign-ups and deceptive practices, DirecTV is estimated to have made $3.95 billion.
- BusinessBusiness Insider•17 hours ago
One of American, Delta, and United's most feared rivals just suffered a major blow
(An Etihad Airbus A380.Etihad) Etihad Aviation Group holds equity stakes in seven airlines. Two of them, Air Berlin and Alitalia, are now bankrupt. The CEO behind the strategy has left Etihad. But some investments have paid off. Etihad's grand plan
