• Fed 'prepared to adjust' balance sheet to prevent repo market flare-up
    Yahoo Finance

    Fed 'prepared to adjust' balance sheet to prevent repo market flare-up

    Fed Chairman Jerome Powell said Wednesday that the Fed could "adjust the details" of its balance sheet policies and repo operations to prevent another flare-up in money markets.

  • Reuters

    UPDATE 1-Japan Display in talks for $830 mln support from Ichigo -source

    Struggling Japan Display Inc , a supplier to Apple Inc, is in talks to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, a person with knowledge of the matter said on Thursday. The smartphone display maker said in a statement it was in talks with Ichigo for investment and planned to discuss reaching a basic agreement on fund procurement from the asset manager at a board meeting on Thursday. Japan Display, which last month reported its 11th consecutive quarterly loss, has been scrambling to raise at least 50 billion yen after Chinese investment firm Harvest pulled out of a bailout plan.

  • Southwest angles for more LaGuardia slots at expense of Delta, WestJet
    American City Business Journals

    Southwest angles for more LaGuardia slots at expense of Delta, WestJet

    Southwest said WestJet should divest 16 LaGuardia slots if the carrier's proposed alliance with Delta were to go through.

  • Disney+ Passes 22 Million Downloads: Time to Ditch NFLX & Buy Disney Stock?
    Zacks

    Disney+ Passes 22 Million Downloads: Time to Ditch NFLX & Buy Disney Stock?

    Disney+ downloads passed 22 million on mobile devices, the independently owned app-tracking company Apptopia announced Tuesday.

  • Reuters

    Australia to develop code of conduct for likes of Facebook and Google

    Australia said on Thursday its competition regulator will develop a voluntary code of conduct governing bargaining power concerns between digital platforms and media businesses. In July, Australia said it would create the world's first dedicated office within an antitrust regulator to police Facebook Inc and Google. Extending the reach of the Australian Competition Consumer Commission (ACCC), the country's government said it will task the regulator will developing guidelines to ensure substantial market power is not used to lessen competition in media and advertising services markets.

  • Visa (V) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Visa (V) Stock Sinks As Market Gains: What You Should Know

    Visa (V) closed at $182.01 in the latest trading session, marking a -0.14% move from the prior day.

  • Apple (AAPL) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Apple (AAPL) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Apple (AAPL) closed at $270.77, marking a +0.85% move from the previous day.

  • Bloomberg

    Wall Street Watchdog Joins Banks in Fretting About Zombie Libor

    (Bloomberg) -- “Zombie Libor” and “Libor apocalypse” are probably phrases that send chills down the spines of Wall Street traders. It turns out the terms are also triggering anxiety among swaps regulators.U.S. Commodity Futures Trading Commission Chairman Heath Tarbert said Wednesday that his agency is tracking the threat of the London Interbank Offered Rate not entirely going away when banks are no longer required to provide submissions used to calculate it. That could lead to a situation in which the benchmark still exists, but isn’t a legitimate borrowing rate.“To avoid a potential zombie Libor apocalypse, various proposals are currently being discussed,” Tarbert said in a speech. “We are monitoring these discussions and look forward to responding to any proposals in due course.”Libor is used to set rates on hundreds of trillions of dollars worth of financial products. If every bank stops stop submitting data at the end of 2021, it will probably die. But many on Wall Street are concerned that the panel of contributors won’t shrink all the way to zero, leaving the index alive but a bad representation of lending rates. That, and the harm it might do to derivatives markets, is what Tarbert is trying to avoid.To contact the reporter on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.netTo contact the editors responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net, Gregory Mott, Nick BakerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GuruFocus.com

    US Indexes Close Higher Wednesday After 2 Days of Losses

    S&P; 500 up 0.29% Continue reading...

  • Barrons.com

    JPMorgan Revamps Wealth Management

    JPMorgan Chase reportedly is putting all of its wealth management businesses--except its private bank for the ultra-wealthy--in one unit.

  • Buy Amazon (AMZN) Stock on the Dip Before a 2020 Rally?
    Zacks

    Buy Amazon (AMZN) Stock on the Dip Before a 2020 Rally?

    Is now the time to buy Amazon stock on the dip heading into 2020 with AMZN stock down 6% in the last six months?