Politicians including Italian Economy Minister Pier Carlo Padoan and members of Germany's Social Democratic Party say they have not committed to backing Jens Weidmann as the next European Central Bank president. Weidmann is a leading contender, but his opposition to the ECB's accommodative monetary policy is unpopular with some politicians.
The Securities and Exchange Commission has unanimously approved guidance that explains what publicly traded companies must disclose to investors regarding cybersecurity risks and incidents. Chairman Jay Clayton has called on public companies to examine cybersecurity procedures and controls.
E-commerce specialist Shopify has made an impressive gain this year, technical analyst Lucas Downey writes, and the stock looks capable of prospering further. Its outperformance of the broader market and evident buying appetite among institutional investors should help it upward, Downey writes.
The US already is an exporter of natural gas and is on the road to becoming a net energy exporter over the next decade, said Deputy Energy Secretary Dan Brouillette. It's part of the Trump administration's plan to achieve national energy security, Brouillette said.
An increase in inflation and broad acceleration of the US economy justify further, gradual increases in interest rates, according to minutes from the January meeting of the Federal Reserve. Policymakers made it clear they intend to nudge rates higher.
Sales of previously owned homes in the US declined 4.8% last month compared with January 2017, the sharpest year-over-year drop since 2014, according to the National Association of Realtors. Demand is strong, but prices are rising and supply is tightening, the trade group says.
The US Supreme Court unanimously sided with Digital Realty Trust in a whistleblower-retaliation case, saying employees exposing wrongdoing have no protection unless they report allegations to the Securities and Exchange Commission. The court said that because the employee in this case did not provide information to the SEC before his termination, "he did not qualify as a 'whistleblower' " under the Dodd-Frank Act.
Rule changes and negative interest rates on debt instruments held by euro-denominated fixed-value money market funds could result in temporary disappearance of such funds, experts say.
EU officials plan to discuss selection of the next European Commission president and whether to increase the budget to address defence, security and immigration issues. The informal summit will focus on decisions that take effect after the UK exits the EU.
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