Fed officials were split in their decision over whether to cut rates and by how much. Source: NYT > Business – Jeanna Smialek
Banks Want Efficiency. Critics Warn of Backsliding.
The Federal Reserve is streamlining postcrisis bank regulation. The end result could be lower capital requirements for the biggest banks. Source: NYT > Business – Jeanna Smialek, Peter Eavis and Emily Flitter
G.E. Is Accused of Major Fraud, and Stocks Take a Beating
Plus, WeWork takes steps to go public, and investigations into the Jeffrey Epstein case continue. Source: NYT > Business – Charlotte Cowles
A Year of Stock Market Fury, Signifying Nearly Nothing
Despite wild swings stemming from the trade war, gains over the last 12 months have been tiny. Source: NYT > Business – Matt Phillips
Economic Trouble Signs Hang Over Trump’s Trade War
White House advisers discount warnings of a possible recession. But the president may be gambling that the Federal Reserve can ward off that prospect. Source: NYT > Business – Jim Tankersley, Jeanna Smialek and Ana Swanson
In Delaying Tariffs, Trump Faces Up to Economic Reality
President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers. Source: NYT > Business – Jim Tankersley