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Category: Business

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly/File Photo

US SEC abandons in-house malpractice suits after Supreme Court ruling

The SEC asked for the dismissal of all active misconduct proceedings against accountants sitting before its in-house judges.

Read More US SEC abandons in-house malpractice suits after Supreme Court ruling
The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Fed rate-cut size this month to hinge on job market health

Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.

Read More Fed rate-cut size this month to hinge on job market health
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. REUTERS/Brendan McDermid/File Photo

Wall St kicks off September on downbeat note at start of data-packed week

Wall Street’s main indexes fell over 1% as investors assessed latest factory activity data.

Read More Wall St kicks off September on downbeat note at start of data-packed week
A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US consumer spending solid in July; inflation rises moderately

Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.

Read More US consumer spending solid in July; inflation rises moderately
A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger/File Photo

US pending home sales tumble to record low in July

Contracts to buy previously owned homes dropped to a record low in July as higher prices and borrowing costs drove potential buyers from the market.

Read More US pending home sales tumble to record low in July
Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. REUTERS/Lucy Nicholson/File Photo

Warren Buffett offloads Bank of America shares worth $982 million in latest sale

Billionaire Warren Buffett’s Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million.

Read More Warren Buffett offloads Bank of America shares worth $982 million in latest sale

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