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Business

Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule

WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be ch

Business

Nike at two-year high as analysts tout margin benefits of direct sales

(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers.

United States

Probe: Las Vegas shooting suspect's motive remains a mystery

Investigators have still not discovered what motivated Stephen Paddock to embark on the worst mass shooting in modern U.S. history but determined that he researched SWAT tactics ahead of the massacre and investigated other possible targets, including the

United States

'Healthy' puppies found in California 'house of horrors' up for adoption

Two dogs found at the California “house of horrors” are being auctioned off to be adopted together.

United States

The Latest: Vegas gunman probed SWAT tactics, other targets

The Latest on the shooting in Las Vegas last October that left 58 people dead and hundreds injured on the Las Vegas strip(all times local): 10:10 a.m.

Entertainment

Kim Kardashian, Kanye West name baby daughter Chicago

Kim Kardashian and Kanye West announced the name of their baby girl on Friday.

Technology

Snapchat to leakers: Go to jail!

Snapchat parent company Snap has threatened its employees with jail time should they leak any confidential company information.

Entertainment

CNN star Jim Acosta scolded by Mick Mulvaney amid ‘Schumer Shutdown’ briefing

CNN’s Jim Acosta resumed his role as White House punching bag on Friday when Office of Management and Budget Director Mick Mulvaney shut him down during a briefing on the looming government shutdown.

Business

General Electric shares drop for fifth straight session

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, flirting with their biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges

World

Merkel, Macron hopeful about German coalition talks

German Chancellor Angela Merkel is expressing optimism that a weekend meeting by the rival Social Democrats will lead to coalition talks with her conservatives that could end months of tense political limbo in Europe's leading economy.

Business

Possible U.S. shutdown won't affect U.S.'s AAA-rating: Fitch

NEW YORK (Reuters) - Fitch Ratings said on Friday its top AAA debt rating for the United States would not be directly impacted by a possible federal shutdown, which will begin on Saturday if lawmakers fail to clinch a deal to fund the government.

World

European watchdog: More migrants heading to Spain by sea

Europe's border watchdog says the number of migrants and asylum-seekers coming across the western Mediterranean route to Europe this year is likely to increase, after 2017 closed with more than twice the traffic of the previous year.

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