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Top 100 Stories to Know for 20 Sep 2017 - United States

The reason business banking feels stuck in 1995

American Banker - 13 Sep 2017 23:08
Systems that run cash management services were built decades ago and prioritized functionality over user experience. That is starting to change as banks invest more heavily in digital upgrades geared... toward commercial customers.
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A Tech Guru and His Blank-Check Promises

Barron's - 16 Sep 2017 06:34
A Tech Guru and HisThe lure of the unicorn is still irresistible.
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Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.
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WRAL is off the air for customers of AT&T Uverse

News Observer - 14 Sep 2017 00:33
WRAL-TV and its Fox affiliate WRAZ are currently off the air for customers of AT&T U-verse. The station tweeted around 6 p.m. Wednesday for customers to call AT&T and tell …
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Three Chip Names to Buy, Two to Sell

Barron's - 19 Sep 2017 21:36
Three Chip Names to Buy, TwoConsider adding to positions in Analog Devices, TE Connectivity and Microchip while taking profits in Maxim and Cypress.
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18 Stocks to Capture the Next Tech Boom

Barron's - 19 Sep 2017 12:03
18 Stocks to Capture the NextJanus Henderson Global Technology trounces its peers with big stocks like Alphabet and Facebook and dozens of much smaller ones.
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The challenges of driving aIf you want to know the effect Uber and Lyft are having on New York City's yellow cabs, just take a ride to JFK's taxi parking lot. At any time of day, there are hundreds of cabbies waiting... desperately, most of the time for hours, in hopes of grabbing the industry's consolation prize -- a...
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The Latest on tropical weather (all times local): 10 p.m. A series of Facebook posts by Dominica Prime Minister Roosevelt Skerrit is capturing the power of Hurricane Maria as it …
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One of Trump's closestThomson Reuters WASHINGTON
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Mark Schechter is theMark Schechter is Wall Street's pawnbroker of exclusive bling -- and his business is booming. Brokers, traders and financial tycoons are some of his super wealthy clients. And these high-rollers are... eager to exchange their rare, multimillion-dollar diamonds, Tiffany jewelry and Cartier watches for short-term loans of $2,500 to $1 million, or for quick cash...
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The Biggest Mistake PeopleA Career builder survey found that 49% of all workers accept the first offer given to them.
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Why are gas prices up and oil prices down?

New York Post - 17 Sep 2017 03:57
Why are gas prices up and oilDear John: Can you explain the gasoline greed? Gas prices spiked when oil dropped by almost 5 percent. As consumers, we are at the mercy of corporate greed. How does this work? J.M. Dear J.M.: It's... more investor greed and opportunism. Gasoline prices are rising sharply because Hurricane Harvey knocked out oil refineries in Texas....
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Bitcoin fan isn't happy I saidDear John: You're an a–. You just dug your own virtual grave. You think bitcoin is a joke? Wake up, old man, the world has changed without you. Ron Insana of CNBC just destroyed his reputation over... his last bitcoin article and so did you. The hate mail is just beginning. Good luck, old fool....
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MLPs Stage a Surprise Post-Harvey Comeback

Barron's - 16 Sep 2017 04:55
MLPs Stage a SurpriseThe energy-focused stocks took a big hit in August, but now the worst looks to be over.
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Bitcoin Beware - The EmpireTo the extent that digital currencies offer a means of making anonymous payments, they fundamentally undercut a key approach to law enforcement and counterterrorism. Given the government's record of... demolishing such threats, it seems only a matter of time before it turns to digital currencies.
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Hurricane Irma hits serviceFor those in the service industry, Hurricane Irma hits especially hard with extra expense and no pay.        
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Motel 6 says its employeesMotel 6 says its employees in Phoenix will no longer work with U.S. Immigration and Customs Enforcement agents following news reports that its workers were reporting on guests they believed were in... the United States illegally. In a tweet about reports first published in the Phoenix New Times, Motel...
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Alphabet is reportedlyAndrew Kelly/Reuters Google parent company Alphabet is in talks to invest around $1 billion in Lyft, according to published reports. The talks are being driven by top officials at Alphabet, according... to Axios. The potential investment could come from either Google or from CapitalG, Alphabet's investment division, Bloomberg reported. Representatives of both Alphabet and Lyft representative declined to comment on the potential investment. The two companies have already forged strong ties.In May, Waymo, Alphabet's self-driving car unit, signed a deal with Lyft to collaborate on autonomous vehicletechnology. In July, Lyft announced it was forming an autonomous car division that would be based at a new center in Palo Alto. The app-based taxi company said Waymo would be among its partners that...
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A judge sided with a government demand to jail Martin Shkreli following his provocative online antics
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JPMorgan CEO doubles down on trashing bitcoin

New York Post - 14 Sep 2017 04:19
JPMorgan CEO doubles down onJamie Dimon landed a second hit in his fight against bitcoin. One day after the JP Morgan Chase chief called the digital currency a "fraud," the bank released a scathing report on the red-hot... investment, calling its legitimacy into question and comparing it to "pyramid schemes." The price of bitcoin, the largest digital currency, fell...
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How finance workers are payingParamount Pictures A job in banking and insurance used to be a sought-after prize for many working class students. Not only was it a clean and safe white-collar job with long-term employment security,... it also offered the prospect of a career and a good pension. But the financial crisis of 2007-08 has put an end to all that for good. No longer are there widely available secure jobs with career prospects and good pensions for the majority in banking and finance. Indeed, no longer is banking and finance even an inviting prospect for many middle-class university graduates. Today, they prefer to go into the professions of accounting, law and public relations, or work for new, upstart technology companies like those in fintech. Pay, conditions and prospects are much better there, as is the...
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Regeneron's Biggest Long-Term Opportunity

Barron's - 19 Sep 2017 20:59
Regeneron's Biggest Long-TermInvestor skepticism still remains high on immuno-oncology while the company remains very upbeat.
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Toys 'R' Us officially files for bankruptcy

New York Post - 19 Sep 2017 06:57
Toys 'R' Us officially filesToys "R" Us filed for bankruptcy on Monday, becoming the latest victim in a retail industry rocked by online shopping and discount chains. The Chapter 11 filing is among the largest ever by a... specialty retailer and casts doubt on the future of the company's approximately 1,600 stores and 64,000 employees. The move comes just...
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DeVos' family seeksBetsy DeVos' well-connected family wants Amway to get a leg up on Herbalife -- and it's pushing Congress to make it happen. The US education secretary's Michigan-based family, which is the controlling... shareholder of privately held Amway, is backing a little-noticed amendment to the US House spending bill that would limit regulatory oversight of so-called...
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Push for Nafta Overhaul MayA tight timeline and ambitious goals leave the Trump administration with a narrow path to success in talks on the North American Free Trade Agreement.
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