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August, 26, 2016

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Business > Americas
Clean air but murky policy as Yellen speech awaited
If US Federal Reserve chief Janet Yellen chooses to use her closely watched address on Friday to clear the air, she will have plenty of clearing to do.
 
The U.S. stepped up its fight against the European Commission's (EC) crackdown on tax avoidance by Apple and other multinational companies, accusing the commission of unilateralism and overstepping its mandate.
 
The U.S. dollar was barely moved Thursday ahead of a speech by Federal Reserve boss Janet Yellen that could shed light on whether a 2016 rate hike is still on the cards.
 
U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
 
A new U.S. government report released Tuesday blames lower-than-expected tax revenues for a spike in this year's budget deficit to US$590 billion. That's an increase of about one-third over last year's tally.
 
That's a pot of money! Oregon's marijuana tax rakes in US$25.5 million
Oregon has processed US$25.5 million in tax payments from recreational marijuana from January through the end of July.
 
Five months after protesters disrupted an oil and gas lease sale for tracts in the Gulf of Mexico, the U.S. government is livestreaming a lease sale but closing the site in New Orleans where bids are read.
 
Interest rates on short-term U.S. Treasury bills rose in Monday's auction, with rates on six-month bills climbing to their highest level since late May.
 
Kobe goes to Wall Street
Retired NBA star Kobe Bryant visits the New York Stock Exchange on Monday, Aug. 22. Bryant is moving to Wall Street, announcing the formation of a US$100 million venture capital fund to invest in media, technology and data companies.
 
A five-year-old securities fraud case rooted in the financial crisis against the former chief executive of mortgage giant Fannie Mae ended Monday in stalemate, court filings showed.
 
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