Jump suggests economy had solid momentum going into the April-June quarter
Herman Cain’s nomination had raised concerns about the Fed's ability to remain politically independent
The drop followed an 11.2% gain the previous month
S&P 500 companies spent $806 billion on stock buybacks in 2018
Trade tensions are “the major factor,” says WTO director-general
The change would involve taxing capital gains after taking inflation into account, which would lower the tax bite for wealthy Americans
Case responds to hedge fund manager who argued the U.S. regulator’s internal process infringed on his constitutional rights
Federal Reserve Board looks at biggest banks’ capital positions
Banks face pressure to simplify businesses in wake of regulators’ “living wills” rejection, says rating agency
Decline due to a lackluster trading environment and subdued client activity, says ratings agency