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Business News

Location American Business News for 21 August 2018

Can state AGs really serve as 'mini-CFPBs'?

American Banker - 21 Aug 2018 04:08
Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such in...
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Banks network to flag human traffickers

American Banker - 21 Aug 2018 04:08
Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of for...
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Why Bitcoin supporters are desperate to keep prices high Bitcoin -- the fake, bitcon currency -- is falling again. Last week, it dipped below $6,000, but one or more entities seem to have come and added some support. That's a bold move considering other journalists have report...
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Amazon hires famed cardiologist for health care push

New York Post - 21 Aug 2018 06:52
Amazon hires famed cardiologist for health care push Amazon, pushing forward deeper into the health care field, has hired a world-famous cardiologist away from academia. Maulik Majmudar, who is working at Massachusetts General Hospital and spent time at Harvard University,...
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Why are we still relying on government to collect data? I've been telling you for years (decades, actually) that Washington's economic data are screwy. And because of that, the Federal Reserve and companies can't really make informed decisions. Bloomberg News carried a story ...
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Cardi B stuns on the VMAs red carpet in a custom velvet gown Nicholas Hunt/Getty Images Artist Cardi B was the star to watch on the MTV VMAs red carpet. She wore avelvet-fuchsia couture gown by designerNicolas Jebran. Her earrings were reportedly made from 200 carats of emeralds. ...
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Trump has options if he wants to exert control over the Russia investigation, but it won't help him Drew Angerer/Getty Images President Donald Trump said he is "totally allowed" to take over the ongoing Russia investigation. In an interview with Reuters published on Monday, Trump said, "I've decided to stay out ... Now...
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Authorities want to know more about IRS whistleblower's claims An investigator for the US Treasury Department's Inspector General's Office got in touch with me about last Thursday's column on possible wrongdoing at the IRS. You might recall that a whistle-blower -- who I didn't name...
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Why higher gas prices are good if you're collecting Social Security If you are collecting Social Security payments -- or plan to in the near future -- here's an improbable thing you should wish for: higher gasoline prices. While higher pump prices will force folks to dig a little deeper ...
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Several cryptocurrency exchanges have signed on to what appears to be the industry's first self-regulatory organization, a step toward transparency in the notoriously opaque and volatile market.
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The Securities and Exchange Commission moved to require states and local governments to disclose bank loans and privately placed debt, seeking to address concerns that bondholders are being left in the dark about a fast-...
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A Candidate Backs Medical Marijuana, and Wells Fargo Closes Her Account Nikki Fried, a Democrat running for Florida agriculture commissioner, said Wells Fargo had acted after reading about her platform and asking about her donors.
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U.S. businesses beg Trump team for relief from tariffs as trade war with China rolls on The Trump administration is moving forward this week with plans to impose tariffs on a wider array of Chinese imports even as it explores the possibility of a negotiated resolution of its deepening trade conflict with Ch...
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A woman lost a NASA scholarship after getting into Twitter beef with a member of NASA's space council AP A Twitter user named Naomi H shared on Twitter that she had accepted an internship at NASA with a rather emphatic, profanity-laden tweet. But days later, Naomi lost her internship after a Twitter frenzy ensued followi...
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Retirees should be thinking now about how they will behave in the next bear market
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Sen. Elizabeth Warren wants a lifetime ban on members of Congress from getting hired as lobbyists after they leave public office. She also wants to prohibit lawmakers from owning or …
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A More Humane Approach to Firing People

Harvard Business Review - 21 Aug 2018 19:00
Help them find a new job and get back on their feet.
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Ex-employee sues Pratt & Whitney over jet engines

Miami Herald - 21 Aug 2018 19:00
A former engineer for jet engine maker Pratt & Whitney has filed a federal false claims lawsuit alleging the company knowingly sold "flawed" engines to the U.S. Air Force, which …
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A group of landowners is suing a South Dakota utility and a Minnesota-based telephone company for alleged negligence in the third-largest wildfire in the Black Hills region's history. The Rapid …
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RBC: Victoria's Secret is trading at 'negative value' (LB)

Business Insider - 21 Aug 2018 18:49
RBC: Victoria's Secret is trading at 'negative value' (LB) Victoria's Secret is losing an estimated $800 million in profits, according toRBC Capital Markets analyst BrianTunick. Wall Street appears to be assigning "little to negative value" to the franchise, he said. Bath & Body...
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Longest bull market in U.S. history comes with a jumbo-sized asterisk You've probably heard: It's the longest bull market ever. You've probably also heard: No, it isn't. What's the story? According to a loose consensus, bull markets are rallies that exceed 20% and are never interrupted by ...
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Shares of Toll Brothers rose as much as 13% on Tuesday as the luxury home builder reported a better-than-forecast 30% increase in net profit.
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