The Senate passed major trade legislation that would pave the way for President Barack Obama’s signature Pacific trade deal, sending the bill toward an uncertain fate in the House.
Mount Kellett Capital Management LP, a $5 billion investment firm co-founded by former Goldman Sachs star Mark McGoldrick, is calling on a friend for help.
Federal Reserve Chairwoman Janet Yellen said the central bank is on track to raise interest rates this year but will likely proceed cautiously.
The looming prospect that Athens won’t be able to meet IMF debts due in mid-June is spurring dire scenarios—but little progress at the table.
Items of interest to investors.
China’s $20 billion barrage of brokerage fundraising is looking long in the tooth, as Huatai Securities launches its Hong Kong IPO.
Rising oil prices and a weaker dollar should feed through to higher core inflation. But not for a while.
The White House, facing a push by U.S. lawmakers for strong currency manipulation strictures in a major Pacific trade deal, is pitching a less-aggressive approach to keep the deal from toppling.