Latest Market News

Today’s latest market news.  

U.S. regulator views no proof of Wells Fargo sales problem at various other banks

(Reuters) – the U.S. regulators just who fined Wells Fargo & Co over abusive sales techniques stated he views no proof of similar problems occurring at various other financial institutions “on almost any systematic foundation.” Supply link

Hanjin's autumn wont fix the worldwide shipping business's ills

CHICAGO (Reuters) – Following the failure of Hanjin Shipping Co Ltd , container shipping prices from Asia towards the United States spiked 50 per cent given that service’s clients scrambled for boats. Few shipping skillfully developed expect those price increases to repair what’s wrong aided by the business. Supply link

System failure led to foot-long gap in Southwest airliner: agency

(Reuters) – a motor failure on a Southwest Airlines Co jet on Aug. 27 released debris that tore a 5 inch by 16 inch (13 cm by 41 cm) gap inside jet before it made a safe emergency landing in Pensacola, Florida, U.S. crash detectives stated on Monday. Source website…

S&P 500 racks up sharpest increase since July

(Reuters) – U.S. shares racked up their particular strongest gain in 2 months on Monday after Federal Reserve Board Governor Lael Brainard stuck to the woman dovish stance on rates of interest and urged care about eliminating monetary stimulation prematurely. Resource link

Berkshire is accused in NY suit of employees' comp 'siphoning'

NEW YORK (Reuters) – Berkshire Hathaway Inc was sued by a brand new York bike courier business over a so-called illegal system to cheat employers buying employees’ payment guidelines. Supply website link

U.S. congresswoman urges Labor Department to probe Chipotle over wage theft allegations

CHICAGO (Reuters) – A U.S. congresswoman urged the Labor Department on Monday to research Chipotle Mexican Grill for feasible wage theft, another prospective hurdle for the burrito chain since it seeks to rebound from food-safety dilemmas just last year. Origin link