| | | U.S. banks in cross-hairs as Powell could help and hinder | | | NEW YORK (Reuters) - With the announcement of Jerome Powell as the new Federal Reserve Chair, banks are likely to see a battle between a boost from deregulation supported by the new Fed leader and the challenge of a flattening yield curve as monetary policy is likely to remain on course. |
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| | | JPMorgan expects Fed to raise rates four times in 2018 | | | NEW YORK (Reuters) - JPMorgan Chase & Co on Friday raised its forecast on the number of U.S. interest rate increases by the Federal Reserve next year to four from three as the October payrolls data reinforced the view of a tightening domestic labor market. |
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| | | Republican tax plan would deal financial hit to U.S. universities | | | WASHINGTON (Reuters) - The Republican tax plan unveiled on Thursday stirred anger at U.S. universities, which said its proposals to tax endowments of private institutions and repeal a deduction for student-loan interest payments would hurt institutions and students. |
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| | | Near miss on 401(k) tax grab marks a new low for U.S. retirement policy | | | CHICAGO (Reuters) - U.S. Republican lawmakers came close to staging a damaging raid on retirement savers this week to pay for a massive tax cut for corporations and the wealthy. Their recklessness brings to mind that old saying - "This is no way to run a railroad." But in this case, using that expression would be grossly unfair to incompetent railroad managers. |
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| U.S.-based stock funds take in most cash since May: Lipper | | | NEW YORK (Reuters) - Reluctant investors warmed to stocks in October, stockpiling $19.3 billion in U.S.-based equity funds, marking the first month of positive inflows for the funds since May, when they took in $31.8 billion, Lipper data showed on Thursday. |
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