The bill introduced by Reps. Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa., would more clearly define the SEC and CFTC’s spheres of influence.

These are the stocks posting the largest moves in midday trading.

The U.S. unemployment rate rose overall in May, but declined for Latino workers, according to the latest nonfarm payrolls report.

UBS’s wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws.

UBS Group AG, with over $5 trillion in invested assets, is Switzerland’s largest bank. The company has a sprawling international footprint, with over half of its wealth management assets coming from clients in the United States. Experts believe these customers are drawn to strict bank-client laws in Switzerland. In recent decades, scandals have embroiled both… Continue reading How UBS became Switzerland’s mega bank

Professional and business services led job creation for the month with 64,000 new hires.

Retirees need to protect investments from the “sequence of returns risk.” Here’s how health-care inflation can make it worse.

Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.

These are the stocks posting the largest moves in premarket trading.

Tom Siebel, who became a billionaire after selling Siebel Systems to Oracle in 2006, now faces a investor lawsuit and short sellers at AI software vendor C3.ai.