News

The Economy

Fed Says Economy Not at Risk From Inflation Surge

It is still "appropriate to maintain" near-zero interest rates even though inflation "has increased notably this spring."
M&A

EU Regulator Clears Aon Merger With Willis

The European Commission said Aon had addressed its antitrust concerns over the insurance broker merger by agreeing to sell Willis Tower Watson assets.
IPOs

Crypto Startup Circle to Go Public Through SPAC

"We think that becoming a public company really sets us up to be a trusted platform in the digital currency industry."
Legal

Google Hit With Antitrust Suit Over Play Store

A group of states alleges Google uses anti-competitive tactics to maintain its dominance of the Android app market.
Credit

10-Year Treasury Yield Drops to Five-Month Low

“This is likely a shift in market narrative: away from inflation concerns to concerns about the sustainability of growth momentum."
The Economy

Oil Prices Hit 6-Year High Amid OPEC Discord

Prices surged on news that OPEC failed to reach an agreement on increasing production to satisfy growing demand.
Cybersecurity

Hackers in Ransomware Attack Demand $70M

The Russian group REvil has offered to unscramble all computers affected by its massive hack in return for $70 million in cryptocurrency.
Regulation

FTC Charges Broadcom With Unfair Competition

The commission is committed to "enforcing the antitrust laws against monopolists, including in high-technology industries."
Regulation

FTC Moves to Beef up Antitrust Enforcement

The commission's vote to scrap a 2015 policy statement will give it more leeway to bring enforcement actions over anticompetitive conduct.
Fraud

Trump CFO Weisselberg Charged With $1.7M Fraud

Prosecutors have "more or less thrown the book at Weisselberg and he may decide to save himself at the expense of others.”
People

Boeing Names Former GE Exec Brian West as CFO

The successor to Greg Smith was "considered a key appointment” for Boeing as it seeks to recover from the 737 Max grounding and COVID pandemic.
Regulation

Robinhood to Pay $70M to Settle FINRA Probe

"The fine imposed in this matter, the highest ever levied by FINRA, reflects the scope and seriousness of Robinhood’s violations."
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