Mexican President Enrique Peña Nieto on Monday replaced the chief executive of Petróleos Mexicanos, shuffling the management of the state oil company as it struggles with the fallout from the plunge in global oil prices.
A proposed rule, expected to be finalized as soon as next month, would hold advisers working with retirement savings to a “fiduciary” standard.
The Obama administration will call on lawmakers to double the budgets of the top U.S. market cops over the next several years
The flight from risky assets accelerated Monday, pummeling shares of big global banks and sending gold prices to their biggest one-day gain in more than a year.
A critic of the Federal Reserve released a new report pointing out that the central bank’s leadership is predominantly white, male and drawn from the banking community.
Falling yields on government debt are one of the hammers pounding bank stocks.
France’s data-protection regulator late Monday threatened to fine Facebook Inc. if it doesn’t change how it handles data about its users and others on the Internet.
Chesapeake Energy said it “has no plans to pursue bankruptcy” after reports intensified such fears, cutting its stock in half in early trading.
The technology sector is getting buffeted on multiple fronts. Relief could be a long time coming.