Federal Reserve Beige Book shows continued growth across districts
The Beige Book indicates the economy expanded in late February and March with modest consumer spending gains and rising wages in most districts. Energy weakness and export slowdowns weighed on some sectors, while prices rose modestly and energy costs helped airline margins. The Cleveland district saw employment decline and energy layoffs amid mixed results across the Fed’s districts.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Atlanta
U.S
Janet Yellen
the Bank
Ohio
Pennsylvania
West Virginia
Kentucky
Cleveland
Regulators demand stronger plans from five top banks
Five of the largest U S banks JPMorgan Chase Bank of America Wells Fargo Bank of New York Mellon and State Street received failing or weak marks on their living wills regulators gave them six months to shore up plans for how they would restructure if they failed The move aims to prevent taxpayer bailouts seen in 2008 and could curb profits by raising capital reserves or triggering higher fees for consumers In a broader review Citigroup Goldman Sachs and Morgan Stanley also received cautious assessments while the two year window for forced asset sales was noted but not immediate action was required
MENTIONED IN THIS ARTICLE
Washington
U.S
Jpmorgan Chase
Bank of America
Wells Fargo
Bank of New York Mellon
State Street Bank
Federal Reserve
Federal Deposit Insurance Corp
Wall Street
Citigroup
Goldman Sachs
Morgan Stanley
Ten million Takata airbags unrecalled in U S cars
The NHTSA estimates about 85 million Takata air bag inflators remain unrecalled in U S vehicles. If unsafe, they must be replaced. this adds to 28.8 million already set for recall, possibly reaching nearly 114 million. Takata faces years of recalls and billions in costs.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Takata
National Highway Traffic Safety Administration
Bill Nelson
D-Florida
NHTSA
Toyota recalls 60 thousand Avalons and Camrys in North America
Toyota Motor Corp recalls 60,000 2016 Avalon and Camry sedans in North America due to a miscalibrated system that may fail to deploy front passenger and knee airbags. Owners will be notified and dealers will recalibrate at no cost.
MENTIONED IN THIS ARTICLE
Torrance
Calif
Toyota Motor Corp
North America
Toyota
NHTSA demands proof before broader Takata recall action
Mark Rosekind of NHTSA warned in a February letter to Takata that an immediate full recall would offer limited safety gains and could overstep legal bounds. The agency lacks data for further recalls and has set deadlines: by end of 2018 to prove dessicant-free inflators are safe or issue a blanket recall, and by end of 2019 to prove safety of inflators with dessicant.
MENTIONED IN THIS ARTICLE
Mark Rosekind
NHTSA
Nelson
Verizon Workers Strike Across East Coast After Contract Stalemate
About 39,000 Verizon landline and cable workers with CWA Local 1101 and IBEW walked off after eight months without a new contract. The unions accuse Verizon of pension freezes and more outsourcing while the company cites retiree medical costs and flexibility needs. A spokesman denied offshoring claims and said non union workers are ready to serve customers.
MENTIONED IN THIS ARTICLE
New York
Verizon
Communications Workers of America
International Brotherhood of Electrical Workers
Fios
Keith Purce
CWA
Sents
Manhattan
Bronx
Rich Young
Young
Also Mentioned on This Page
Federal Reserve Bank of Cleveland
Feds
Banks
Marcy Gordon and
Ken Sweet
The
Associated Press
Auburn Hills
Mich
Safety Agency
Tom Krisher
the Market IN Review
Dow Jones
Daily S&p 500
S&p
Dow Industrials
Dow Utilities
Dow Transportation
NYSE
Russell
Stock Exchange
Naspaaq
SafeBlk Pfc
Pavixst Rs
Frptmem
Safeb Pfd
Hailiang
Vale SA
Resonant
Petrobras
OceanPars
Alcoa
Emcore
SiderurNac
Emergees
ArcelorMit
GoPro
CorbusPhm
Jpmorgch
Lowes
Apple Inc
Marathno
Mktvgold
BkofAm
Bob Evans
NiSources
Nordson
Cedarf
CntryLink
Northropg
ChesEng
PNC
Cisco
ParkerHan
Penney Pe
Csvixsh
Csvlgcrd Rs
Pfizer
Darden
PolyOne Diebold
PwShs
CineEquity
Puvixst Rs
EmersonEl
RPM
Facebook
FifthThird
FirstEngy
Spdrogex
Fordm
Seadrill Ltd i
FreeSears
SearsHidgs
Frptmcm
She
SunEdison
iShBrazil
iShJapan
Ishchinalc
US Steel
Ishemkts
Isease
Valeantphd
WalMart
Invacare
WellsFargo
Kauunibh
Wendys Co
WhitingPet
Keycorp
Windstars
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile Orange
ICE
Intercontinental Exchange
Mutua
FnnnvAm
GrthAmAm
IncAmerAm
InvCoAmAm
Newpersoa m
Wamutinvam
Dodge & Cox Income
Dodge & Cox IntiStk
Dodge & Cox Stock
Fidelity Contra
Fidelity Contrak
Fidelity LowPriStk
Fidelity Spartan
PIMCO
Rowe Price
Vanguard
Vanguard IntiStkldxAdm
Vanguard Intistkldxipis
Vanguard MulntAdm
Vanguard PrincpAdml
Vanguard Stgradeact
Vanguard TotBdlast
Vanguard Totlntl
Michael Balsamo
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!