Goldman Sachs, Barclays among 16 Wall Street firms fined $1.8bn

Washington/IBNS: Some of Wall Street's biggest companies have been fined a total of $1.8bn by US financial watchdogs after it was discovered that the staff discussed deals and trades on their personal devices and apps.

US markets sink on unexpectedly high inflation

Washington/UNI: Inflation in the United States remained unexpectedly high in August, hitting Wall Street like never before in more than two years.

US stock indexes tumble as Fed's monetary policy tightening fans recession fears

US stock indexes slumped sharply Thursday, following Federal Reserve's biggest interest rate hike since 1994 that heightened recession worries, media reports said.