Bank of England Chief Economist Spencer Dale said policy tightening will probably be slower than after previous recessions and investors may have failed to heed the message of policy makers’ forward guidance.
Goldman Sachs Group Inc. managing director Jason Lee pleaded not guilty to charges he raped a woman at his rental home in East Hampton, New York, the wealthy beach community on the east end of Long Island.
Goldman Sachs Group Inc. managing director Jason Lee was indicted by a grand jury on a rape charge stemming from the alleged assault on a 20-year-old woman at a Long Island, New York, home, court records show.
U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
The U.S. medical-system overhaul will improve the nation’s health and cut costs only if it’s followed by initiatives to curtail the epidemic of obesity and diabetes, said Michael Milken, founder of the Milken Institute.
Barry Sternlicht, chairman and chief executive officer of Starwood Capital Group LLC, said he plans to more than triple the firm’s investments in Europe as returns on real estate on the continent are among the highest.
Rupert Murdoch, chairman of News Corp., predicted that a bill in the U.S. Senate that would allow many undocumented immigrants to become citizens in about 13 years has enough support in Congress to pass.