The Federal Reserve adopted a new rule restricting its ability to lend money to financial institutions in a crisis in an attempt to ease concerns from lawmakers who worry about the central bank’s unchecked power to pump money into the financial system.
Wall Street firms have been competing to offer the best benefits for new parents, adding weeks of paid leave and providing perks such as nannies for business trips. The latest entrant in the race: Credit Suisse.
Tiny Japanese artificial-intelligence startup Preferred Networks has attracted giants such as Toyota and Panasonic with its vision of a “deep-learning” future. Can it help the country restore its technological edge?
U.S. regulators cut annual requirements for how much ethanol must be mixed into the nation’s fuel supply. But the reductions were smaller than originally proposed, softening the blow to ethanol companies.