Economics And Finance
Nasdaq Slides Into Correction Territory, Credit Trumponomics (#GotBitcoin?)
Tech-heavy index falls more than 1% as regulators signal increased scrutiny of industry giants. Nasdaq Slides Into Correction Territory, Credit Trumponomics (#GotBitcoin?) The tech-heavy Nasdaq Composite entered correction territory Monday, hit by investor fears that regulators might take a fresh shot at industry giants such as Alphabet and Facebook .…
Banks Are Making Accommodations For “The Sandwich Generation” (#GotBitcoin?)
Banks are reckoning with “the sandwich generation,” as more aging parents and adult children move in together. Banks Are Making Accommodations For “The Sandwich Generation” (#GotBitcoin?) About a year and a half ago, PNC Bank started noticing a trend in borrowers who wanted to finance a brownstone with a rental…
JPMorgan Scams Investors With Phantom Yields In EMBI Indexes (#GotBitcoin)
The bank’s popular indexes for emerging-market bonds overstate yields with defaulted Venezuelan debt. JPMorgan Scams Investors With Phantom Yields In EMBI Indexes (#GotBitcoin) JPMorgan Chase & Co.’s widely tracked emerging-market bond indexes have overstated yields for the past 18 months, boosting their allure to investors hungry for alternatives to low-yielding…
Can “Postal Banking” Bank The Unbanked? (#GotBitcoin?)
Ex-Wall Street Lawyer Is Behind Plan to Have Post Office Compete With Banks. Can "Postal Banking" Bank The Unbanked? (#GotBitcoin?) Mehrsa Baradaran says financial crisis taught her that banking and government are inextricably linked. As a young Wall Street lawyer, Mehrsa Baradaran helped large banks turn to the government to…
Realtors And Property Managers Push Clients Into Properties Furnished With Amazon’s Alexa (#GotBitcoin?)
The tech giant has figured out a way to get millions of its smart speakers into homes without consumers lifting a finger, as property managers bring in Alexa to manage tenants. Realtors And Property Managers Push Clients Into Properties Furnished With Amazon’s Alexa (#GotBitcoin?) When tenants first walk into their…
Airbnb, Marriott Battle Upstarts For Short-Term Rental Market (#GotBitcoin?)
Amateur hosts dominate the industry, but big hotel companies and some well-funded startups are out to change that. Airbnb, Marriott Battle Upstarts For Short-Term Rental Market (#GotBitcoin?) In the niche between Airbnb Inc.’s home rentals and traditional hotel rooms, a new breed of startup is offering a hybrid option aiming…
Administration Nears Plan To Return Fannie, Freddie To Private Ownership (#GotBitcoin?)
Effort would put them on sounder footing, then release them from government control. Administration Nears Plan To Return Fannie, Freddie To Private Ownership (#GotBitcoin?) Trump administration officials are putting the finishing touches on a plan to return mortgage-finance giants Fannie Mae and Freddie Mac to private-shareholder ownership, people familiar with…
Tariffs Against Mexico Would Hit Many Goods That Previously Avoided Penalties (#GotBitcoin?)
Products like autos, crude oil and vegetables are rarely imported from China. Tariffs Against Mexico Would Hit Many Goods That Previously Avoided Penalties (#GotBitcoin?) President Trump’s proposed tariffs on all imports from Mexico would hit sectors that have had little exposure to the administration’s aggressive trade initiatives, including importers of…
The Dollar Underpins American Power. Rivals Are Building Workarounds (#GotBitcoin?)
Bitcoin and other crypto-currencies are presenting themselves as viable options as more people become aware of their censorship-resistant and border-less characteristics. The Dollar Underpins American Power. Rivals Are Building Workarounds (#GotBitcoin?) Iran sanctions spur Europe and India to devise systems to trade with Tehran without using the U.S. currency. U.S.…
Global Bond Yields Hit Multiyear Lows (#GotBitcoin?)
Investors increasingly concerned the long postcrisis expansion could be nearing an end. Global Bond Yields Hit Multiyear Lows (#GotBitcoin?) Government bond yields around the world plumbed new multiyear lows Tuesday, a sign of growing investor worries that global economic growth is poised to weaken. The yield on the benchmark 10-year…
Trumponomics Produces Booming Chapter 11 Bankruptcy Business (#GotBitcoin?)
Corporate bankruptcy is increasingly shaped by a handful of powerful law firms and advisers working in courts in New York and Delaware. Trumponomics Produces Booming Chapter 11 Bankruptcy Business (#GotBitcoin?) The fate of trillions of dollars in corporate assets—as well as millions of employees, pensioners, shareholders, investors and suppliers—is concentrated…
JP Morgan Chase Accused Of Purging Accounts Of Political Activists (#GotBitcoin?)
Conservative activists are calling out America’s largest financial institution charging they are being targeted. JP Morgan Chase Accused Of Purging Accounts Of Political Activists (#GotBitcoin?) JPMorgan Chase is under fire for closing the bank accounts of several customers in the conservative movement as other right-wingers are threatening to close their…