The selloff in emerging-market assets and commodities deepened, spurring declines in currencies from Russia’s ruble to Australia’s dollar and sending a measure of developing-nation stocks to a four-year low.
After a long wait, the Finance Committee has released a bipartisan report on the IRS scandal. Since some private taxpayer information was at issue, there have been closed door sessions and interviews leading up to the report.
The giants have admitted it: The old model of TV distribution could be at an end. Disney said that ESPN programming could go direct to consumers … eventually. According to CEO Bob Eiger, that won’t be happening for at least the next five years.