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Fed Signals Changes to Banks’ Capital Requirements

Washington: A top official at the Federal Reserve has signaled that the US central bank is preparing changes to banks’ capital requirements. Speaking at a Thursday policy forum hosted by the Cato Institute, US Federal Reserve Vice Chair for Supervisio…

US Stocks Tumble as Middle East Tensions Drive Oil Prices Higher

New york: US stock markets closed with losses Thursday as the Middle East tensions ramped the oil prices up amid Strait of Hormuz disruptions. The Dow Jones Industrial Average fell 1.56%, or 739.42 points, to close at 46,677.85. The Nasdaq composite d…