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.
A panel of British lawmakers called for the introduction of a 20% tax on sugar-sweetened drinks, adding to mounting pressure on the U.K. government to introduce a levy on high sugar-content foods to help stop the spread of childhood obesity.
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?
VTech Holdings Limited said that 5 million of its customer accounts were leaked in a data breach that accessed users’ names, birthdays and passwords but not their credit card or personal identification information.
Wells Fargo has long been the envy of Wall Street for its ability to get customers to load up on multiple products and services. Now, the Office of the Comptroller of the Currency and the San Francisco Fed are each probing the bank’s sales culture.