U.S. Treasury Secretary nominee Steven Mnuchin isn’t jumping on the Republican bandwagon to audit the Fed. In written questions by senators following his confirmation hearing on Thursday, Mnuchin was asked about his thoughts on “politicizing decisions made by the Federal Reserve Board of Governors and the benefits of an independent central bank.”
Finance
Latest News
Dow Sets First Ever Close Above 20,000 as Trump Orders Send Stocks on a Tear…
Stocks rose on Tuesday, the first trading day of 2017, but closed off their session highs as oil prices gave back initial gains. “When oil started to slip and the dollar peaked, that’s when you saw stocks fall off a bit,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “I think, near term, […]
Agents Seize Approximately $20 Million Hidden in a Bed and Arrest Brazilian National in Scheme to Launder TelexFree Funds…
Approximately $20 million in cash hidden inside a box spring in a Westborough, Mass. apartment, was seized late yesterday, and a Brazilian man was arrested in connection with conspiring to launder proceeds of the massive TelexFree pyramid scheme.
Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017…
It’s time to talk about the balance sheet. Eight years after the Federal Reserve launched the first of three controversial bond-buying campaigns to help save the U.S. economy, its holdings are stuck at $4.5 trillion, and the question of when to let them shrink is beginning to simmer…
Head of the Consumer Financial Protection Bureau Used Private Device for Gov’t Communications…
Richard Cordray, head of the Consumer Financial Protection Bureau (CFPB), used a private device for government communications, and didn’t create appropriate records of those messages with the bureau. A longtime Democrat from Ohio, Cordray has served as head of the CFPB since January 2012, a position he is scheduled to hold through July 2018…
Senate Democrats Introduce $1 Trillion Infrastructure Plan, Offer Trump Support if He Backs it…
Senate Democrats are set to unveil a $1 trillion infrastructure plan and offer President Donald Trump their support if he backs it, the NYT reports. The plan includes $180 billion to rail and bus systems, $65 billion to ports, airports and waterways, $110 billion for water and sewer systems, $100 billion for energy infrastructure, and […]
When Their Shifts End, Uber Drivers Set Up Camp in Parking Lots Across the U.S….
The vast majority of Uber’s full-time drivers return home to their beds at the end of a day’s work. But all over the country, there are many who don’t. These drivers live near, but not in, expensive cities where they can tap higher fares, ferrying wealthier, white-collar workers to their jobs and out to dinner—but […]
Citigroup’s Crime Spree Against Americans Continues With Slaps on the Wrist…
Yesterday, the Consumer Financial Protection Bureau (CFPB) charged two units of the Wall Street mega bank, Citigroup, with insidious fraudulent acts against homeowners while it imposed a modest $28.8 million in relief and penalties. The penalty portion of $7.4 million is meaningless because this is a bank that serially breaks the law, laughs at its […]
It’s Who Was Not at The White House During TPP E.O. Signing That Also Tells a Story…
Yesterday President Trump held a day of meetings with corporate business titans, CEO’s, and also skilled labor union officials. However, two men were transparently absent from both group meetings: U.S. CoC President Tom Donohue, and AFL-CIO President Richard Trumka…
Related
Nobody ‘Stealing’ Your Jobs, You Spend to Much on Wars, Alibaba Tells U.S….
Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry…
Judge Blocks Giant Health Insurance Merger…
A federal judge on Monday blocked the merger of two of the largest health insurers in the country on antitrust grounds. Judge John Bates of the U.S. District Court for the District of Columbia ruled that the merger of Aetna and Humana would unacceptably cut down competition in Medicare Advantage and in the ObamaCare marketplaces…
City Devastated by OxyContin Use Sues Purdue Pharma, Claims Drugmaker Put Profits over Citizens’ Welfare…
A Washington city devastated by black-market OxyContin filed a first-of-its-kind lawsuit against the painkillers’ manufacturer Thursday, alleging the company turned a blind eye to criminal trafficking of its pills to “reap large and obscene profits” and demanding it foot the bill for widespread opioid addiction in the community…
U.S. Government Caught Massively Fabricating Student Loan Default Data…
The Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers. This also means that the number of loan defaults in various cohorts is far greater than previously revealed.
IMF’s Lagarde Urges Wealth Redistribution To Fight Populism…
As we scoffed oveernight, who better than a handful of semi, and not so semi, billionaires – perplexed by the populist backlash of the past year – to sit down and discuss among each other how a “squeezed and Angry” middle-class should be fixed…
Related
Canada Given Advance Notice of Trump’s NAFTA Demands…
Billionaire investor Wilbur Ross, chosen by U.S. president-elect Donald Trump to reshape U.S. trade policy, has informed Canada that rules of origin and independent dispute tribunals will be central to talks aimed at resetting the North American free-trade agreement…
The Davos Disconnect…
Six charts show why the people who are changing today’s world don’t care about the World Economic Forum. Never before has the gap between Davos Man and the real world yawned so widely. The top executives, financiers, academics and politicians making their way up the mountain to the World Economic Forum will be talking a […]
UnitedHealth Group CEO’s Compensation Was $66.13 Million Last Year…
UnitedHealth Group CEO Stephen J. Hemsley received $66.13 million in compensation last year, according to a preliminary proxy statement filed Monday with the U.S. Securities and Exchange Commission. In 2013, he received $28.14 million…
Spotted In Davos: Anti-Drone Guns…
By now we are used to images of snipers on hotel rooftops protecting the world’s great-est-and-good-est from the evils of average-joe-ness. But this year it appears there is a new foe – the drone – and a new weapon to tackle it: the anti-drone gun…
GM to Invest $1B in U.S., Add Jobs…
General Motors Co., days after being called out by President-elect Donald Trump for expanding operations in Mexico, plans to announce U.S. investments totaling at least $1 billion that would create more than 1,000 jobs, two people with knowledge of the plan said late Monday…
Hyundai-Kia to Invest $3.1 Billion in U.S., Mull New Plant…
Hyundai Motor Co. and affiliate Kia Motors Corp. said they will spend $3.1 billion in the U.S. in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico…
- « Previous Page
- 1
- …
- 143
- 144
- 145
- 146
- 147
- …
- 159
- Next Page »