Trading Spaces
The New York Stock Exchange — that bastion of American capitalism — owes its existence to two dozen men, a buttonwood tree, and a coffee shop. Today on The Indicator: the history of Wall Street.
Business
Former Banker, Now Regulator, Wants To Allow Banks To Make Payday-Style Loans
Comptroller of the Currency Joseph Otting is a former bank executive testifying before Congress this week about reshaping some banking rules. He wants big banks to start making small-dollar loans.
Activists In Myanmar Say Facebook Needs To Do More To Quell Hate Speech
"The risk of Facebook content sparking open violence is arguably nowhere higher right now than in Myanmar," six Myanmar organizations wrote in an open letter to Facebook CEO Mark Zuckerberg in April.
Elon Musk's Boring Company Will Build High-Speed Train To Chicago's O'Hare Airport
The train tunnel company will build and operate an "express service to transport people to O'Hare Airport from downtown in 12 minutes," Chicago Mayor Rahm Emanuel says.
Comcast Puts In $65 Billion Bid For 21st Century Fox
Comcast is offering $65 billion for the major entertainment assets of 21st Century Fox, which is controlled by the Murdoch family. Comcast is hoping to lure the Fox properties away from Disney, with a bid it calls "superior" to Disney's.
Latest Sports Bar Trend Involves Hurling Hatchets At Walls
If you've grown tired of bowling, playing pool or throwing darts, how about throwing an axe? A number of indoor facilities, including taverns, are starting to offer the activity. But some observers question the wisdom of letting amateurs hurl axes — especially when alcohol might be involved.
Louboutin Wins Case To Trademark Signature Red-Soled Shoes
The European Union's highest court has ruled that designer Christian Louboutin can trademark his company's signature red-soled shoes.
Dude, Where's My Trade War?
One way to think of President Trump's trade policy is as a sort of soap opera. Today, we catch you up on the latest dramatic twists and also answer a big, looming question: are we in a trade war?
Massachusetts Sues OxyContin Maker Purdue Pharma, Saying It 'Peddled Falsehoods'
The civil lawsuit is just one of many the opioid drug manufacturer now faces — but the complaint filed Tuesday adds an unusual wrinkle: It also singles out the Sackler family, which owns Purdue.
Fed Raises Interest Rates, Signals 2 More Hikes This Year
The Fed boosted a key interest rate again — its seventh hike since 2015. The move, which was expected, will trigger higher rates on credit cards, home equity lines and other kinds of borrowing.