Economics And Finance

Nasdaq Admits Over $1 Billion In Exchange-Traded Funds Stolen (#GotBitcoin?)

Adena Friedman appeared in court as exchange pursues claims against former business partner. Nasdaq Admits Over $1 Billion In Exchange-Traded Funds Stolen (#GotBitcoin?) Nasdaq Inc. Chief Executive Adena Friedman testified Thursday morning in the exchange’s lawsuit against a former business partner that Nasdaq contends stole more than $1 billion in…

U.S. Companies Seek Penalties Over Currency Manipulation

American firms would be allowed to accuse foreign competitors of benefiting from artificially weak currencies. U.S. To Let Companies Seek New Penalties Over Currency Manipulation (#GotBitcoin?) U.S. companies would be able to seek penalties against foreign competitors they say benefit from artificially weak currencies, under a new rule proposed by…

The Workers Who Are Most Likely To Lose Their Jobs To Robots (#GotBitcoin?)

Factory workers and truck drivers have been the faces of the nation's automation fears to date. And with good reason: Each occupation is a mainstay of middle-aged male work and genuinely threatened by robots or artificial intelligence (AI). The Workers Who Are Most Likely To Lose Their Jobs To Robots…

A Whiff Of U.S. Recession Is In The Air Again. Credit Trumponomics

Trade dispute between world’s largest economies felt far and wide. A Whiff Of U.S. Recession Is In The Air Again. Credit Trumponomics (#GotBitcoin?) The U.S. economy has taken a turn for the worse — and it doesn’t look like things will get much better anytime soon. A mountain of evidence…

Dow Logs Longest Weekly Losing Streak Since 2011 (#GotBitcoin?)

U.S. stocks closed higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China. Dow Logs Longest Weekly Losing Streak Since 2011 (#GotBitcoin?) The Dow Jones Industrial Average,…

Fed. Says, “Families Still Living Paycheck To Paycheck”

One-quarter of working individuals have no retirement savings, Fed survey shows. Fed. Says, “Many Families Still Living Paycheck To Paycheck Contrary To Trump-Speak” (#GotBitcoin?) Many American households remain financially fragile and uncertain about their retirement prospects despite a booming job market that is lifting wages, according to a Federal Reserve…

Ultimate Resource For U.S. Existing-Home Sales (#GotBitcoin)

Decline suggests continued weakness in housing market despite strong economy. Ultimate Resource For U.S. Existing-Home Sales (#GotBitcoin) The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Existing-home sales fell 0.4% in April…

Citigroup, JPMorgan Chase And Others Fined $1.2 Billion Over FX Trading (#GotBitcoin)

Traders at Barclays, Citigroup, JPMorgan Chase, Mitsubishi UFJ Financial Group and the Royal Bank of Scotland engaged in anti-competitive behavior, the European Commission found. Citigroup, JPMorgan Chase And Others Fined $1.2 Billion Over FX Trading (#GotBitcoin)   The European Commission said Thursday that it had fined Barclays, Citigroup, JPMorgan Chase,…

Kathleen Eisbrenner Helped Make Natural Gas A Globally Traded Fuel (#GotBitcoin?)

Entrepreneur advanced technology to allow imports at ports without costly onshore terminals. Kathleen Eisbrenner Helped Make Natural Gas a Globally Traded Fuel (#GotBitcoin?) Kathleen Eisbrenner, a rare female entrepreneur in the energy industry, helped turn natural gas into a globally traded fuel. After joining El Paso Energy Corp. more than…

Credit-Card Delinquency Rates Rise, Particularly Among The Young (#GotBitcoin?)

Interest on credit cards also rising, a New York Fed report adds. Credit-Card Delinquency Rates Rise, Particularly Among The Young (#GotBitcoin?) Credit-card delinquency rates are rising, particularly among young people who are now more likely to have a credit card than a decade ago, according to a report Tuesday by…

‘Playing Catch-Up In the Game of Life.’ Millennials Approach Middle Age In Crisis (#GotBitcoin?)

New data show they’re in worse financial shape than every preceding living generation and may never recover. ‘Playing Catch-Up In the Game of Life.’ Millennials Approach Middle Age In Crisis (#GotBitcoin?) American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind…

Trump’s Tariffs Is Killing The Middle-Class Market

Who Pays the Trump Tariffs? We Do, These Americans Say. Customers of one inflatable-boat company bear most of its tariffs—which turns out to be typical. Trump's Tariffs Is Killing The Middle-Class Market Escalating tariffs between the U.S. and China have fueled an acrimonious debate over who’s paying. President Trump says…