A group of philanthropies, including one backed by the oil tycoon Rockefeller family, pledged to sell off $50 billion in investments connected with fossil fuels.
Philadelphia Federal Reserve President Charles Plosser, who has pushed the central bank to move more quickly to raise its rock-bottom interest rates, said Monday he would retire on March 1. Plosser, known as an inflation hawk because of his view that the ...
The European Central Bank will actively manage its balance sheet and is willing to implement more stimulus if required to stave off the threat of deflation in the euro area, ECB President Mario Draghi said.
Tesco suspended four executives and called in outside auditors after a "serious" accounting issue prompted the supermarket giant to issue a profit warning.
The average price of gas in Massachusetts was $3.39 a gallon in the latest weekly AAA survey, down 4 cents from the previous week's average, AAA Southern New England said Monday.