1. BOE cuts interest rate for first time in seven years
The Bank of England announced Thursday that it would cut its key interest rate by a quarter point to a record low 0.25 percent — the first reduction in more than seven years — as it tries to counter fallout from the U.K.'s June vote to exit the European Union. The bank's governor, Mark Carney, said the U.K. "can handle change" and use monetary policy to ease any Brexit-induced slowdown. BOE officials also said they had room to cut rates closer to zero if necessary. The BOE also slashed its growth forecast, and said its stimulus plan would also include lending up to 100 billion pounds ($132 billion) to banks.
2. Tesla reports larger-than-expected quarterly loss
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3. Fed fines Goldman Sachs $36 million over leak
4. Time Warner agrees to buy 10 percent Hulu stake
5. Trump Taj Mahal casino in Atlantic City to close next month
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