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Business News

Location American Business News for 24 August 2018

Wells Fargo can upend student refis, but will it?

American Banker - 24 Aug 2018 03:07
Cheap funding and marketing muscle could give it an advantage over existing lenders, but this corner of the market may not be big enough to move the needle for the bank.
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SEC to review decision rejecting bitcoin ETFs

Reuters - 24 Aug 2018 05:34
The U.S. Securities and Exchange Commission said on Thursday it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market.
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Time For a Clean Up? Market Manipulation Concerns Loom Large Over Bitcoin ETF Rejections Another day, another bitcoin ETF proposal rejected by the SEC. What needs to happen for the agency to finally give the green light?
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Britain could force European Union banks operating in London to start holding capital against inventory of riskier EU government bonds in the case of a 'no-deal' Brexit.
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Most Asia-Pacific stock indexes dropped in early trading Friday, though Japan's Nikkei was an exception.
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Market won't crash if Trump is impeached: Wall Street insiders Stocks will not crater if President Trump is impeached, Wall Street insiders told The Post on Thursday. Although his supporters have credited Trump with giving a lift to stocks because he has rolled back regulations and ...
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Tesla insiders say 'it's a s-tshow' under beleaguered Elon Musk As Elon Musk continues to struggle -- with Tesla under investigation by the SEC following his tweet that it might go private after "funding secured," among several other self-inflicted wounds -- employees tell The Post t...
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Spectrum sending reminders to analog customers who haven't upgraded New Yorkers yet to upgrade their Spectrum subscriptions to digital have another month of annoying programming interruptions -- before facing a blackout. Customers of the cable company who still have analog television wil...
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Forbes Asia Investment Briefing: JPMorgan Says Trade War Taken Seriously By Both Sides The latest episode of the Forbes Asia Investment Briefing comes from Christopher Blum, who is Asia head of investments for JPMorgan Private Bank in Asia. He tells us what's caught his eye this week, and what he'll be wat...
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Leaders from companies like Apple and Coke pen a letter saying "arbitrary" policies undermine the U.S. economy
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Treasury Issues Crackdown on State and Local Tax Workarounds

The New York Times - 24 Aug 2018 02:53
Treasury Issues Crackdown on State and Local Tax Workarounds A proposed rule aims to foil states that sought to counteract provisions of the new federal law. But taxpayers elsewhere may also be affected.
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The Easy Way to Buy Bonds

Barron's - 25 Aug 2018 01:29
The Easy Way to Buy Bonds Corporate "baby bonds" come in $25 increments and trade just like stocks. They carry nice yields, too.
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Even Wall Street Pros Have a Tough Time Getting Into This Club The Value Investors Club brings together partners at hedge funds with individual investors. The price of admission? Great stock picks.
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Federal Reserve Chairman Jerome Powell said the fundamentals of the U.S. economic expansion look strong and support the case for continued gradual interest rate increases.
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Why fintechs should be held to CRA standards

American Banker - 24 Aug 2018 19:07
An OCC charter for fintechs requires firms to meet a "financial inclusion" standard instead of conventional Community Reinvestment Act requirements. That's a problem.
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Virginia's prison system will offer bonuses to correctional officers willing to transfer to a state prison with high turnover and staff vacancy rates. The Richmond Times-Dispatch reports the first 30 …
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The Latest: Powell signals more rate hikes ahead The Latest: Powell signals more interest rate hikes ahead if US economy stays strong
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The best camping gear you can buy

Business Insider - 24 Aug 2018 19:00
The best camping gear you can buy TheInsider Picksteam writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. The Insider Pick: Campfires, wildlife, and fresh air. Heat s...
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Trump Organization Chief Financial Officer Allen Weisselberg was granted immunity for providing information to federal prosecutors in their investigation into...
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The Federal Reserve's steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a h...
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Botswana Bans Russians From Taking Multi-Million Dollar Mega Mining Fight To Court Forbes Global 2000 giant Nornickel is suing Botswana's government for 'reckless trading'.
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Royal Caribbean has an ultra-luxury suite that can cost over $170,000 -- here's what it looks like SBW-Photo via Royal Caribbean Under CEO Michael Bayley,Royal Caribbeanhasincreased revenue by upgrading its luxury offerings. The Ultimate Family Suite, which was introduced on Symphony of the Seas, may be the centerpiec...
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