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American Business News for 21 Jan 2017

The financial services industry has high hopes that President Trump will usher in a new era of less regulation and economic growth. Here are challenges his administration will face.
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Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.b
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Fraud magnet

American Banker - 21 Jan 2017 01:08
Western Union received more than half a million consumer fraud complaints between 2004 and 2015. Authorities said that a relatively small number of company agents handled a large share of the illegal... transactions
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Bankers are getting ready for a Trump bump

American Banker - 21 Jan 2017 01:08
Donald Trump was sworn in Friday, but banking industry executives have spent the last two months envisioning a vastly different political, economic and regulatory climate. The dominant question in... coming months will be how realistic those expectations are.
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President Donald Trump has reportedly picked a fierce critic of the Obama-era "net neutrality" rules to be chief regulator of the nation's airwaves and internet connections. Citing unidentified... people, Bloomberg …
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Donald Trump built his campaign on early morning tweet storms and hashtag-worthy slogans. Now president, he's in control of the White House's powerful social media arsenal, including the official... POTUS …
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Watch what President Trump does, not what he tweets, writes Chris Edelson.
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Donald Trump's inaugural address held familiar echoes of the campaign speeches that led to his presidential win: downbeat about the state of the nation, to the point of hyperbole. A …
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Google Is Developing aGoogle has begun developing a cloud-based measurement tool that it says could help advertisers gain more insights while protecting privacy across devices. In a blog post published today, Google said... it's working with measurement companies such as comScore, DoubleVerify, IAS, Moat and Nielsen todevelop a "new solution" for marketers that helps them better understand cross-screen campaigns and identify high-value customers. With the updates, Google said, a car manufacturer could gain insights about how YouTube ads influence various audiences across devices. According to Google, more than 50 percent of YouTube views now come from mobile, prompting the company to develop new ways for advertisers to measure across more devices. "As more viewership on YouTube shifts to mobile, we're making it...
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The 9 biggest marches and protests in American history

Business Insider - 21 Jan 2017 00:50
The 9 biggest marches andAP/Jose Luis Magana On January 21, approximately 200,000 people will convene in Washington, DC to stand up for gender equalityafter Donald Trump's inauguration. The effort will extend internationally... with sister marches in 60 countries on every continent— including Antarctica. "In the spirit of democracy and honoring the champions of human rights, dignity, and justice who have come before us, we join in diversity to show our presence in numbers too great to ignore," the march's site reads. "The Women’s March on Washington will send a bold message to our new government on their first day in office, and to the world that women's rights are human rights. We stand together, recognizing that defending the most marginalized among us is defending all of us." It's set to beone of the largest...
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White nationalist RichardAP Photo/David J. Phillip, File Richard Spencer, a white nationalist and leader of the alt-right movement, was punched in the face by a protester in Washington D.C. following Trump's inauguration.... Spencer was posing for a photograph at the corner of 14th and K Street around 2:30 p.m. when a masked person allegedly approached and punched Spencer twice in the face. "Someone ran up behind him and clocked him in the face. Somebody in a mask. Spencer kept talking," a witness told Jezebel. "Then it happened again." "You hate black black people!" another protester on the scene yelled, reports McClatchy DC. "I don't hate black people," Spencer replied, as another protestor ran up and spat in Spencer's face, per McClatchy. Tweet Embed: Spencer just got punched in the face (twice!) The witness...
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Game developer Brianna Wu isBrianna Wu, a game developer who stood up for women facing harassment in the game industry, has official declared that she will run for the U.S. House of Representatives. In a blog post, Wu said she... would run for the House of Representatives seat in Massachusetts’ District 8 to help create a “bolder Democratic Party.” Previously, Wu […]
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Business Highlights

News Observer - 21 Jan 2017 00:41
--- China's growth in 2016 slumps as Trump trade struggle looms BEIJING (AP) -- China's economic growth sank to a three-decade low in 2016 as its struggling exporters brace for …
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An $11 billion hedge fund isAP Images By Svea Herbst-Bayliss BOSTON, Jan 20
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The newly former president of the United States explaining in a video posted Friday that his presidential library is not really intended to be a library, or even a museum, but "a living, working... center for citizenship."
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Apple is suing mobile chip maker Qualcomm for $1 billion in a patent fight pitting the iPhone maker against one of its major suppliers. The complaint filed Friday in a …
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Materials companies led U.S. stocks modestly higher Friday, recouping much of the market's loss from a day earlier and snapping a 5-day losing streak for the Dow Jones industrial average. …
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The most effective way to payGetty By and large, Americans are drowning in credit card debt. The average household with credit card debt owes $16,061, according to a recent report by NerdWallet. Collectively, US consumers owe... nearly $930 billion, the highest mark since the financial crisis. It's time to start paying that off. Strictly looking at the numbers, it's smartest to pay down the accounts that carry the highest interest rates first. That way, you're staving off as much interest as possible and don't end up owing even more. But what makes sense mathematically on paper doesn't always work best in real life. Paying down debt is as much about motivation as it is about money, and most people fall into a different camp of debt repayment: Prioritizing accounts with smaller balances, rather than those with higher...
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Batteries for Tesla and otherWhat would it take for you to buy an electric vehicle? Lower average prices can’t hurt — and as this chart from Statista shows, those have come a long way. As noted in a recent report from... McKinsey & Company, advances in battery tech have helped the average battery pack price go down from about $1,000/kWh to roughly $227/kWh since 2010. McKinsey says that figure will continue to come down, potentially bringing EVs close to parity with the cost of other cars. This process is already in motion, to an extent, with the likes of the Chevy Bolt and upcoming Tesla Model 3. But while that decrease would address one of potential EV buyers’ biggest concerns,EV sales are still low, and many roadblocks remain ahead. The driving ranges on most EVs still aren’t as long as they should be;...
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Doug DeVos, president of the Amway marketing company, has skippered Quantum Racing to a victory at the Key West Race Week regatta. DeVos is the brother-in-law of Betsy DeVos, President …
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Trump Will Start Hacking AtTrump vows to get out his pen and start reversing Obama's executive orders Monday but some of the biggest rules will take time and careful lawyering to get rid of.
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How to build a better chatbot

Venture Beat - 21 Jan 2017 00:10
How to build a better chatbotGUEST: The rise of chatbot technologies has not been the stunning success many people anticipated. The technology is now ubiquitous, but chatbots are more famous for their failures than successes. For... instance, Microsoft’s Tay faced a wave of media scorn after the internet trained it to become a misogynistic racist in the span of a day. Less snarky […]
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House Oversight chairmanRep. Jason Chaffetz promised that just because he shook Hillary Clinton's hand atPresident Donald Trump's inauguration doesn't mean he'll abandon his investigation of her. In an Instagram post on... Friday, the House Oversight Committee chairman said he was "pleased" Clinton wasn't elected and vowed to pursue his investigation into her use of a private email server while serving as secretary of state. "So pleased she is not president. I thanked her for her service and wished her luck. The investigation continues," he wrote. Instagram Embed: 658px Though the FBI recommended not prosecuting Clinton overher use of a private email server, Chaffetz promised after the election tocontinue his independent House probe. "Just because there was a political election doesn't mean it goes away,"Chaffetz...
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First WhiteHouse.gov petitionWith the United States transitioning from one president to another, a lot of changes happened today immediately after Donald Trump was sworn into office. Whitehouse.gov completely changed, and now... features some of the new president’s plans for energy and jobs. The White House Facebook page is eerily empty, and @POTUS on Twitter — first used by the Obama […]
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Attendees at President Donald Trump's inauguration Friday experienced inclement weather during the ceremony. Former President George W. Bush didn't seem to like the rain — and he struggled with a... plastic sheet as he attempted to cover himself up. Here's the photo sequence Reuters assembled showing the amusing moment: REUTERS/Rick Wilking Bush tried wearing the sheet as a hat: REUTERS/Rick Wilking But he eventually gave up and succumbed to the rain: REUTERS/Rick Wilking REUTERS/Rick Wilking NOW WATCH: Here are all the musicians who declined to perform at Trump's inauguration so far
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