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Top 4 Business Stories of the Day

5 years ago5 views

wochit

Wochit

Stock index futures fell on Tuesday, a day after the Dow ended at a record high as investors shifted focus to how soon the Federal Reserve may begin reducing stimulus. Speculation that the Fed could soon begin to taper its $85 billion-a-month in bond buying has grown since last week's surprisingly strong U.S. jobs data, causing a sharp rise in U.S. Treasury yields.
Azealia Banks is back on the Twitter warpath, and this time, her target is former collaborator, Pharrell. Yes, Pharrell produced and did the hook for Banks' lead single off Broke With Expensive Taste , but according to the rapper, he is responsible for the single not performing well. Banks has indicated that "ATM Jam" will no longer be on Broke With Expensive Taste , which will be coming out January 2014.
Atlanta Federal Reserve President Dennis Lockhart said U.S. monetary policy ought to stay "very accommodative" to foster job creation amid tepid growth, and warned that inflation was too low and this was raising concerns about the durability of the recovery. Morgan Stanley's Jonathan Mackay: Lockhart also said last month's government shutdown may undermine the reliability of economic data through December, hinting at another reason not to expect policy action when Fed officials gather on December 17-18.
Sources say US Airways and AMR Corp have reached a settlement with U.S. antitrust regulators who had filed suit to stop the two airlines from merging. The government filed a lawsuit in August arguing that US Airways and AMR Corp, parent of bankrupt American Airlines, should be forced to scrap their proposed merger, which would create the world's largest airline.

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