The Traderszone Network

Janet Yellen’s premium on consensus may lead to a Federal Reserve decision the chair hasn’t yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.     Seven of the Fed’s current 17 members have now said they at least want the option of a June tightening on the table, or have pushed in general for an earlier increase amid an expectation that wages and inflation will turn higher.

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The U.S. Securities and Exchange Commission may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds, of an advantage they hold over newer rivals in how they assemble the shares of their funds, said sources familiar with the SEC. ETFs are typically funds whose holdings are meant to mimic the performance of an index. To do that, the SEC has said the securities used to create shares in most funds must be the same ones as in the fund’s portfolio unless there was a change in the index the fund tracks.

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In world flooded by smartphones, the more basic “feature” phone has been sidelined, but one company is still betting on the devices.

Lumber Liquidators sold flooring with higher levels of formaldehyde than permitted under California’s health and safety standards.

Sony has shown a “return to form”, analysts told CNBC, after the electronics giant unveiled a slim tablet and mid-range smartphone.

The world’s stock exchanges are a frenzy for trading activity. Ahead of the Global Financial Market Forum, we look at some of the most spectacular.

Bosses from the Gulf have dismissed the IMF’s recent concerns for the region after oil price weakness.