A suburban Chicago man pleaded not guilty to charges he and his father conspired to evade federal regulations blocking access to the U.S. financial system by people seeking to spread weapons of mass destruction.
U.S. stocks climbed for a second day while the yen weakened as investors awaited clues from the Federal Reserve about its plans for monetary stimulus. U.S., U.K. and German government bonds dropped while European equities were little changed. The Swiss franc strengthened.
Treasury 10-year notes traded in the tightest range in more than a month amid speculation the Federal Reserve may indicate when it will begin slowing bond purchases at the end of its two-day policy meeting tomorrow.
Mexico’s peso fell for a third day as mounting concern that Federal Reserve policy makers will signal this week that they’re preparing to scale back monetary stimulus damps demand for emerging-market assets.
The Iranian rial, whose plunge triggered an inflation crisis, is gaining in the unregulated market after President-elect Hassan Rohani said he would seek to ease international sanctions crippling the economy.
Transactions within virtual economies or using virtual currencies may produce taxable income and the U.S. Internal Revenue Service should find low-cost ways to make taxpayers aware of compliance risks, according to a report by the Government Accountability Office.
Treasuries declined for the first time in three days as investors weighed whether the U.S. economy was strong enough for the Federal Reserve to reduce bond purchases designed to hold down borrowing costs.
Liberty Mutual Holding Co., the third-largest seller of property-casualty coverage in the U.S., hired Colin Dowling to lead its public affairs office in Washington as policy makers weigh capital standards and laws on terrorism protection.