Money
Wells Fargo Will Pay US $3B to Settle List of Abuses
- February 25, 2020
Wells Fargo is still under investigation by the Consumer Financial Protection Bureau for abruptly closing customers' accounts, and has said in regulatory filings that the authorities are looking into improper fees it charged wealth management customers. (more...)
- February 25, 2020
Wells Fargo is still under investigation by the Consumer Financial Protection Bureau for abruptly closing customers' accounts, and has said in regulatory filings that the authorities are looking into improper fees it charged wealth management customers. (more...)
Shopify joins Facebook’s Libra Association
- February 25, 2020
The company's first product, Page Builder, offers a drag-and-drop interface to make it easier for e-commerce brands to build their windows in Shopify , BigCommerce, Salesforce and Magento. Libra had been under stringent scrutiny of the regulatory bodies worldwide ever since the news about its launch surfaced on the platform a year ago. (more...)
- February 25, 2020
The company's first product, Page Builder, offers a drag-and-drop interface to make it easier for e-commerce brands to build their windows in Shopify , BigCommerce, Salesforce and Magento. Libra had been under stringent scrutiny of the regulatory bodies worldwide ever since the news about its launch surfaced on the platform a year ago. (more...)
Mounting coronavirus fears knock down Wall Street
- February 22, 2020
Microsoft and Chevron both fell more than 1% and Facebook, Amazon, Alphabet and Apple all traded at least 0.8% amid coronavirus related fears for some of the US' biggest firms. Apple surged 1.4%, recovering most of the losses within the earlier session after a surprise sales warning that marked issues about the coronavirus's impact on world supply chains. (more...)
- February 22, 2020
Microsoft and Chevron both fell more than 1% and Facebook, Amazon, Alphabet and Apple all traded at least 0.8% amid coronavirus related fears for some of the US' biggest firms. Apple surged 1.4%, recovering most of the losses within the earlier session after a surprise sales warning that marked issues about the coronavirus's impact on world supply chains. (more...)
Morgan Stanley To Buy E*Trade For $13B
- February 21, 2020
E*Trade represents an extraordinary growth opportunity for our Wealth Management business and a leap forward in our Wealth Management strategy. According to the statement, Mike Pizzi , CEO of ETrade, will be joining Morgan Stanley and will operate the business within the Morgan Stanley franchise and support the ongoing integration of the two iconic finance brands. (more...)
- February 21, 2020
E*Trade represents an extraordinary growth opportunity for our Wealth Management business and a leap forward in our Wealth Management strategy. According to the statement, Mike Pizzi , CEO of ETrade, will be joining Morgan Stanley and will operate the business within the Morgan Stanley franchise and support the ongoing integration of the two iconic finance brands. (more...)
Enigma Settles with SEC, Agrees to Refund ENG Investors
- February 21, 2020
The startup did not register its ENG tokens as securities, nor did the ICO qualify for an exemption, said an official press release . Following today's settlement, Enigma has agreed not only to pay a $500,000 penalty but also to refund investors via a claims process, register its tokens as securities, and even file periodic reports with the U.S SEC going forward . (more...)
- February 21, 2020
The startup did not register its ENG tokens as securities, nor did the ICO qualify for an exemption, said an official press release . Following today's settlement, Enigma has agreed not only to pay a $500,000 penalty but also to refund investors via a claims process, register its tokens as securities, and even file periodic reports with the U.S SEC going forward . (more...)
Head of World Health Organization warns on 'misinformation and conspiracy' around COVID-19
- February 21, 2020
China's Hubei Province said that 271 cases were reported by its prisons on Thursday, including 220 that had previously not been known to provincial authorities. Passengers who have tested negative for the virus are being allowed to leave the Diamond Princess, however, they will be required to endure another 14-day quarantine before they're allowed to board a flight home. (more...)
- February 21, 2020
China's Hubei Province said that 271 cases were reported by its prisons on Thursday, including 220 that had previously not been known to provincial authorities. Passengers who have tested negative for the virus are being allowed to leave the Diamond Princess, however, they will be required to endure another 14-day quarantine before they're allowed to board a flight home. (more...)
Fresh water to reduce stink in Yamuna during Trump’s Taj visit
- February 21, 2020
Ivanka and Jared are advisers to the US President. "And he told me we'll have 7 million people between the airport and the event", Trump said, referring to a roadshow ahead of a "Hello Trump" rally in Ahmedabad , the main city in Gujarat where he will begin the trip. (more...)
- February 21, 2020
Ivanka and Jared are advisers to the US President. "And he told me we'll have 7 million people between the airport and the event", Trump said, referring to a roadshow ahead of a "Hello Trump" rally in Ahmedabad , the main city in Gujarat where he will begin the trip. (more...)
Kickstarter Workers First in Tech Industry to Unionize
- February 20, 2020
Many employees were angered by the decision to pull the page, seeing it as a capitulation to the alt-right, former Kickstarter employee Taylor Moore told Jacobin , a socialist magazine, last year. As part of the vote of the National Labor Relations Board , Kickstarter United will now be recognized by the management of the Brooklyn-based crowdfunding giant. (more...)
- February 20, 2020
Many employees were angered by the decision to pull the page, seeing it as a capitulation to the alt-right, former Kickstarter employee Taylor Moore told Jacobin , a socialist magazine, last year. As part of the vote of the National Labor Relations Board , Kickstarter United will now be recognized by the management of the Brooklyn-based crowdfunding giant. (more...)
Crude Oil Turns Lower as Overhang of Supply Weighs
- February 20, 2020
Oil prices have risen as much as around 8% since hitting lows for this year just over a week ago, but another sharp downturn in prices could prompt the Organization of the Petroleum Exporting Countries ( OPEC ) and its allies to deepen supply cuts. (more...)
- February 20, 2020
Oil prices have risen as much as around 8% since hitting lows for this year just over a week ago, but another sharp downturn in prices could prompt the Organization of the Petroleum Exporting Countries ( OPEC ) and its allies to deepen supply cuts. (more...)
Mike Bloomberg Immediately Ambushed in Free-for-All Democratic Debate
- February 20, 2020
Sen. Bernie Sanders attacked Bloomberg on "stop-and-frisk", the NY policing policy that was ruled unconstitutional, while former Vice President Joe Biden argued that he, not Bloomberg, is the most electable candidate against Trump. Elizabeth Warren , D-Mass., called on Bloomberg to release women from nondisclosure agreements they have signed concerning their civil complaints that he harassed them in the workplace. (more...)
- February 20, 2020
Sen. Bernie Sanders attacked Bloomberg on "stop-and-frisk", the NY policing policy that was ruled unconstitutional, while former Vice President Joe Biden argued that he, not Bloomberg, is the most electable candidate against Trump. Elizabeth Warren , D-Mass., called on Bloomberg to release women from nondisclosure agreements they have signed concerning their civil complaints that he harassed them in the workplace. (more...)
US Stocks fall after Apples sales warning
- February 20, 2020
The Dow Jones Industrial Average fell 141.09 points, or 0.48%, to 29,256.99, the S&P 500 lost 7.08 points, or 0.21%, to 3,373.08 and the Nasdaq Composite added 9.89 points, or 0.1%, to 9,741.06. In currency markets, the Australian dollar slumped 0.5% against the USA dollar after the Reserve Bank of Australia said the coronavirus represents a threat to the economic outlook. (more...)
- February 20, 2020
The Dow Jones Industrial Average fell 141.09 points, or 0.48%, to 29,256.99, the S&P 500 lost 7.08 points, or 0.21%, to 3,373.08 and the Nasdaq Composite added 9.89 points, or 0.1%, to 9,741.06. In currency markets, the Australian dollar slumped 0.5% against the USA dollar after the Reserve Bank of Australia said the coronavirus represents a threat to the economic outlook. (more...)
Boeing 737 Max setback as debris found in fuel tanks
- February 20, 2020
Mark Jenks, Vice President and General Manager of the 737 program and Renton site, deemed the presence of FOD as "absolutely unacceptable". "That's why we're taking action", continued Jenks in the aforementioned note. Despite this most recent setback, Boeing still expects that the 737 MAX series will be approved by regulators and allowed to fly again in mid-2020. (more...)
- February 20, 2020
Mark Jenks, Vice President and General Manager of the 737 program and Renton site, deemed the presence of FOD as "absolutely unacceptable". "That's why we're taking action", continued Jenks in the aforementioned note. Despite this most recent setback, Boeing still expects that the 737 MAX series will be approved by regulators and allowed to fly again in mid-2020. (more...)
Death toll surpasses 2,000 as thousands infected worldwide
- February 20, 2020
Though China reported its fewest new coronavirus infections since January on Tuesday and its lowest daily death toll for a week, the World Health Organization said data suggesting the epidemic had slowed should still be viewed with caution. (more...)
- February 20, 2020
Though China reported its fewest new coronavirus infections since January on Tuesday and its lowest daily death toll for a week, the World Health Organization said data suggesting the epidemic had slowed should still be viewed with caution. (more...)
Rishi Sunak: Budget will go ahead on March 11
- February 20, 2020
A delay was expected after Sunak's predecessor, Sajid Javid , unexpectedly quit his job after a demand by Boris Johnson that he sack his advisers and replace them with a team jointly managed with No 10. The MP for Richmond in Yorkshire since 2015, Sunak has fast risen up the Conservative Party ranks as a staunch Brexiteer who had backed Johnson's strategy to leave the European Union (EU). (more...)
- February 20, 2020
A delay was expected after Sunak's predecessor, Sajid Javid , unexpectedly quit his job after a demand by Boris Johnson that he sack his advisers and replace them with a team jointly managed with No 10. The MP for Richmond in Yorkshire since 2015, Sunak has fast risen up the Conservative Party ranks as a staunch Brexiteer who had backed Johnson's strategy to leave the European Union (EU). (more...)
Binance to roll out white-label exchange infrastructure for local markets
- February 19, 2020
Unfortunately, this sort of incident can lead to losses, due to traders not being able to see the correct market data. Commenting on the introduction of the Payment Services Act , David Carlisle (former Policy Advisor for the United States treasury), who now works with Elliptic, an AML and compliance-focused firm, noted last month that he believes new regulations will be good for Singapore's financial sector. (more...)
- February 19, 2020
Unfortunately, this sort of incident can lead to losses, due to traders not being able to see the correct market data. Commenting on the introduction of the Payment Services Act , David Carlisle (former Policy Advisor for the United States treasury), who now works with Elliptic, an AML and compliance-focused firm, noted last month that he believes new regulations will be good for Singapore's financial sector. (more...)
Inflation rises again, hitting 2.4% in January
- February 19, 2020
In the CPI report, the agency indicated that the increase was 0.15 per cent points higher than the 11.98 per cent rate recorded in December, 2019, and attributed the hike increases in all Classification of Individual Consumption by Purposes (COICOP) divisions that yielded the headline index. (more...)
- February 19, 2020
In the CPI report, the agency indicated that the increase was 0.15 per cent points higher than the 11.98 per cent rate recorded in December, 2019, and attributed the hike increases in all Classification of Individual Consumption by Purposes (COICOP) divisions that yielded the headline index. (more...)
World Health Organization reports 92 cases of human-to-human coronavirus cases outside China
- February 19, 2020
Most of the cases are in Hubei , where the virus first emerged in December before spiraling into a nationwide epidemic. There were 1,886 new cases reported Tuesday - a decline on Monday's figure, and the lowest single-day figure of new cases so far this month. (more...)
- February 19, 2020
Most of the cases are in Hubei , where the virus first emerged in December before spiraling into a nationwide epidemic. There were 1,886 new cases reported Tuesday - a decline on Monday's figure, and the lowest single-day figure of new cases so far this month. (more...)
New Ontario license plates under fire for apparently being hard to read
- February 18, 2020
Over the weekend, a tweet concerning the plates from Kingston Police's Sgt. Steve Koopman, who was off-duty at the time, went viral. People have been commenting on the new licence plates on social media, complaining about the lack of visibility. (more...)
- February 18, 2020
Over the weekend, a tweet concerning the plates from Kingston Police's Sgt. Steve Koopman, who was off-duty at the time, went viral. People have been commenting on the new licence plates on social media, complaining about the lack of visibility. (more...)
London mayor pushes for 'associate' European Union citizenshipWorld
- February 18, 2020
The BRC's comments followed the announcement that the Government would be introducing import controls on European Union goods at the border after the Brexit transition period ends on 31 December 2020, with trades in the United Kingdom and European Union forced to submit customs declarations and liable to goods checks. (more...)
- February 18, 2020
The BRC's comments followed the announcement that the Government would be introducing import controls on European Union goods at the border after the Brexit transition period ends on 31 December 2020, with trades in the United Kingdom and European Union forced to submit customs declarations and liable to goods checks. (more...)
Berkshire a Net Seller of Equities in Fourth Quarter
- February 18, 2020
Amazon controls Wholefoods, a major competitor to Krogers, especially in NY and parts of Texas. Many smaller chains have fared worse, including Earth Fare, Fairway and Lucky's, which have all sought bankruptcy protection this year. The firm's total share in Apple is worth around $72 billion. Kroger had invested in Lucky's. Berkshire Hathaway's SEC filing doesn't reveal when it sold its 3.7 million shares. (more...)
- February 18, 2020
Amazon controls Wholefoods, a major competitor to Krogers, especially in NY and parts of Texas. Many smaller chains have fared worse, including Earth Fare, Fairway and Lucky's, which have all sought bankruptcy protection this year. The firm's total share in Apple is worth around $72 billion. Kroger had invested in Lucky's. Berkshire Hathaway's SEC filing doesn't reveal when it sold its 3.7 million shares. (more...)
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United States stocks rise as financial shares rally