Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.
A van plowed into dozens of people on a tourist-heavy street in Barcelona earlier today.
Back in the US, the fallout from the deadly white-nationalist rally in Charlottesville, Virginia, last weekend continues. Here’s the latest:
- Here’s how Trump’s council of business titans fell apart
- “You can’t change history, but you can learn from it”: Trump says he’s sad to see Confederate statues being removed
- Here are all the members who left Trump’s now-disbanded manufacturing council after Charlottesville
- Here’s the memo Larry Fink, the head of the world’s largest investor, sent to staff about Trump’s council
- DIMON: I “strongly disagree” with Trump’s Charlottesville reaction and supported disbanding his business council
- Apple’s Cook says he disagrees with Trump, vows donations to rights groups
- Mark Zuckerberg: Where does this hate come from?
- ANALYST: Most investors respect the Merck CEO’s decision to resign from Trump’s council
- “We’re at economic war with China”: Steve Bannon lays out China trade plans in wide-ranging interview
- False rumours that Gary Cohn is leaving the White House just spooked Wall Street — for a good reason
As Trump’s two business councils were falling apart yesterday afternoon, the Federal Reserve published the minutes from July’s policy meeting. Most Fed officials support a move towards unwinding the $US4.5 trillion balance sheet at “an upcoming meeting.” The Fed also fired off a stark warning highlight one of the biggest risks for stocks.
In finance news, banks are cutting back on lending to the riskiest borrowers. The US filed a $US400 billion Libor claim on behalf of 39 banks rescued during the financial crisis. A senior exec in Citigroup’s equities unit left. And Elizabeth Warren slammed Wells Fargo’s board changes.
In hedge fund news, an ADP director has a relationship with the activist trying to shake it up — and it shows how messy Wall Street really is. And a secretive quant fund offered staff the rare opportunity to invest — and then delivered a bumper return.
In tech news, Snap executives have started selling their shares. The Uber engineer accused of downloading thousands of files once urged Travis Kalanick to give a “Greed is Good” speech. And Facebook shut down an anonymous group used by its Trump-supporting employees after people started harassing one another.
We compared Economy and Economy Plus on 6 different airlines — here’s the difference.
Lastly, here are 100 trips everyone should take in their lifetime, according to the world’s top travel experts.