Wall Street expects the Federal Reserve to be so dovish that the coming round of interest rate hikes won't begin until the middle of next year and won't end until the next president is in office for nearly a year.
NEW YORK (Reuters) - U.S. stocks slightly pared gains on Wednesday after minutes from the Federal Reserve's July meeting showed the central bank remains accommodative but may hike interest rates sooner depending on the economy's rebound.
Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp.
Fir Tree Partners, which holds 13.8 million Hertz Global Holdings Inc. shares, said Chief Executive Officer Mark Frissora, who is also chairman, is responsible for accounting and management missteps that have weighed on the shares.
Catch the news about the Monetary Policy Committee out of the corner of your eye, and you'd be mistaken for thinking something had happened.