Economics And Finance
Trumponomics Causes Three-Year Low In Corporate Cash Piles (#GotBitcoin?)
New tax law spurred more companies to increase spending, repatriate foreign cash holdings. Trumponomics Causes Three-Year Low In Corporate Cash Piles (#GotBitcoin?) U.S. corporate balance sheets are continuing to feel the impact of the 2017 U.S. tax overhaul, as companies pivot their capital allocation strategies in response to the new…
Recession Set To Materialize In Approximately In (9) Months (#GotBitcoin?)
Bond Yields Extend Drop Toward 2%. Recession Set To Materialize In Approximately In (9) Months (#GotBitcoin?) Muted inflation, slowing job growth put multiple Fed rate cuts on investors’ minds. The yield on benchmark U.S. government bonds hit new 2019 lows near 2% on Friday, a sign investors believe a slowing…
JPMorgan’s New App Service For Young People Fails (#GotBitcoin?)
Finn was hybrid, offering digital banking, as well as some branch access. JPMorgan’s New App Service For Young People Fails (#GotBitcoin?) JPMorgan Chase & Co. is killing an experiment to attract younger customers to a new digital-banking app a year after making it available nationwide. The nation’s largest bank began…
Developers Have A Big Problem: Too Many New Mega-Mansions (#GotBitcoin?)
Builders and brokers are throwing blowout bashes and testing an array of marketing stunts amid the area’s spec home bubble. Developers Have A Big Problem: Too Many New Mega-Mansions (#GotBitcoin?) Heavy duty vehicles line both sides of many of the winding two-way streets in the Hollywood Hills, making them treacherous…
Private Sector Jobs Off By 146K While Oil Industry Enters Bear Market (#GotBitcoin?)
Fears about an international slowdown, coupled with swelling supplies, send crude on a 6-week skid. Private Sector Jobs Off By 146K While Oil Industry Enters Bear Market (#GotBitcoin?) Latest Fall The recent drop in U.S. crude-oil has the commodity on track for its third bear market in as many years.…
After Record-Long Expansion, Here’s What Could Knock the Economy Off Course (#GotBitcoin?)
Experts see the U.S. continuing to grow, but looming risks include trade wars, interest-rate mistakes and the ballooning budget deficit. After Record-Long Expansion, Here’s What Could Knock the Economy Off Course (#GotBitcoin?) Economies aren’t like cars. They don’t just wear down and peter out after running for several years. Something…
Plunging Yields Expose Sorry State of US And European Banks (#GotBitcoin?)
After a broad selloff last week, European bank stocks have given up their gains for the year, with valuations of some major lenders at multiyear lows. Plunging Yields Expose Sorry State of US And European Banks (#GotBitcoin?) The global downdraft in bond yields and rising trade tensions are falling squarely…
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…