Stocks end week strong as Fed hints on rates rise
Stocks rose on Friday and posted gains for the week with banks leading the advance on expectations that the Fed will keep raising rates if the economy strengthens. Alphabet climbed after a federal ruling on Oracle and Google while commodities moved mixed as Treasuries yielded higher.
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New York
Federal Reserve
Janet Yellen
Verizon
Alphabet
Yellen
Fed
U.S. Treasury
Google
Oracle
U.S
Brent
Verizon strike near end gains in principle four-year contract
Verizon and unions reach an in principle four-year contract to end a strike by about 39,000 landline and cable workers in nine Eastern states and Washington DC. Some work delays remain for Fios installations as talks continue and details are not disclosed.
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New York
Verizon
Washington, D.C
U.S
Fios
Union
Jake Rosenfeld
Washington University
Fed hike looks likely says Yellen at Harvard discussion
Fed chair Janet Yellen said a rate increase would be appropriate in coming months if the economy keeps improving. She noted growth picked up and that the Fed will gradually raise its key rate, with June or July meetings likely.
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Fed
Standard & Poor
Bank of America
Citigroup
Cambridge
Mass
Federal Reserve
Janet Yellen
Yellen
Harvard University
European Union
New watchdog named to supervise Zenith Education Group
The Education Department picks Clark Kent Ervin to oversee Zenith Education Group, the Corinthian offshoot, as a turnaround monitor. Ervin will supervise practices and report on compliance with federal aid rules, replacing a prior monitor with potential conflicts of independence.
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Washington
Education Department
Corinthian Colleges Inc
Associated Press
Monitor
Clark Kent Ervin
Squire Patton Boggs LLP
Zenith Education Group
Corinthian
Ervin
Zenith
Takata air bag recall expanded amid safety concerns
The 2015 recall phase targets Takata and other inflators after 10 U.S. fatalities linked to ammonium nitrate. NHTSA fined Takata up to 200 million for delays, expanding recall through 2019, with 8.2 million repairs done by April. Authorities urge immediate action and provide VIN lookup at SaferCar.gov.
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Ries
Newsday
Takata
Mexico
Oklahoma
U.S
NHTSA
The
Safety Administration
Christopher Tang
UCLA
Anderson School of Management
Tang
Mark R. Rosekind
Safercar.gov
Matt DeLorenzo
Kelley Blue Book
Kbb.com
Shahan
Security at airports tight as Memorial Day travel rises
Airports report stricter screening with 900 dog teams nationwide and chaotic lines at times. O’Hare and LaGuardia show improvements while San Diego sees faster moves, and AAA projects 2.6 million Americans fly for the long weekend as travel volume nears a record.
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England
O’hare
Chicago
Terri Hale
Cleveland
San Diego
Adam Hutson
Hawaii
Hutson
Maui
Gary McGoffin
Lafayette
Louisiana
AAA
Fed minutes hint at 0.25 point rate rise in June
Federal Reserve officials signaled a likely 0.25 percentage point increase in the benchmark federal funds rate in June if growth strengthens in Q2 the labor market remains firm and inflation edges higher. Policymakers have suggested a hike could come next month.
MENTIONED IN THIS ARTICLE
Fed
Women business owners invite to ball game fundraiser
Women Business Owners Network gathers at All Pro Freight Stadium Avon for a Lake Erie Crushers game fundraiser for Lorain County Metro Parks. Linda Paull hosts from Miller Nature Preserve. gates open at 6 pm and game begins at 7 pm. Tickets cost 9 dollars and can be ordered online.
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Women Business Owners Network
Lake Erie Crushers
Baseball
Avon
Lorain County
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Hale
LaGuardia
Arlene Dobren
Atlanta
Harrison Pavlasek
Texas
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TSA
TNS
U.S. Bureau of Economics
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