Economics And Finance
Trump Administration’s ‘Plunge Protection Team’ Convened Amid Wall Street Rout
The president's Working Group on Financial Markets is known colloquially as the "Plunge Protection Team." Trump Administration's 'Plunge Protection Team' Convened Amid Wall Street Rout Here's What To Know The Trump administration is arranging a phone call on Monday with top regulators to discuss financial markets amid a rout on…
Morgan Stanley To Pay $10M For Anti-Money Laundering Failures (#GotBitcoin)
Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said. Morgan Stanley To Pay $10M For Anti-Money Laundering Failures (#GotBitcoin) The Financial Industry Regulatory Authority (FINRA) said the lapses…
Tech Stocks Down $800 Billion While Asian Stocks Erase $5.6 Trillion In Market Value (#GotBitcoin?)
As investors have dumped shares of Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet, $822 billion in value has been wiped off their combined market value since the end of August. Tech Stocks Down $800 Billion While Asian Stocks Erase $5.6 Trillion In Market Value Wall Street’s Turn Against Big Tech…
A Hedge Fund Makes Billions Off Americans’ Underwater Mortgages (#GotBitcoin?)
Homes In The Suburbs Of Las Vegas, One Of The Regions Battered By The Housing Collapse Of 2008. At The Depths Of The Crisis, More Than 12 Million U.S. Houses Had Underwater Mortgages. Fir Tree bet that homeowners would keep paying loans, even against their interest. A Hedge Fund Makes…
Recession Is Looming, or Not. Here’s How To Know (#GotBitcoin?)
Shopping Malls Were Packed Into Christmas Eve. Whether That Will Continue Next Year, Remains To Be Seen. Early indicators signal concerns, though more credible ones still look good. But the economy can turn quickly. Recession Is Looming, or Not. Here’s How To Know The plummeting stock market is signaling a…
US Treasury Secretary Steven Mnuchin Tries Calm Banks, Panicked Stock Markets, Trump Completely Silent (#GotBitcoin?)
Treasury Secretary Steven Mnuchin startles Wall Street with unusual calls to top bank CEOs A bruising stock selloff continued Monday, knocking major U.S. indexes lower as Treasury Secretary Steven Mnuchin tried to instill calm into a jittery market. US Treasury Secretary Steven Mnuchin Tries Calm Banks, Panicked Stock Markets, Trump…
Consumer Sentiment Slump Hits Online Retailers Too (#GotBitcoin)
An unexpected profit warning in Europe suggests internet stores may be less resilient than expected in consumer downturns. Consumer Slump Hits Online Retailers Too (#GotBitcoin) Online retailers haven’t so far been properly tested by a consumer-spending downturn. Early signs from Europe suggest they won’t be as resilient as tech bulls…
Major Banks Suspected Of Collusion In Bond-Rigging Probe (#GotBitcoin?)
The Frankfurt Headquarters Of Deutsche Bank, Which Says It Doesn’t Expect A Fine From The European Commission. Deutsche Bank, Bank of America, Credit Suisse, Crédit Agricole and another global bank could face fines of up to 10% of their annual world-wide revenue if found guilty. Major Banks Suspected Of Collusion…
US Cities Look To Shed Ratings While Taking On More Debt (#GotBitcoin)
U.S. cities and counties are using fewer ratings to assess the risks of the bonds they sell, providing investors with just one opinion on an increasing amount of new debt. US Cities Look To Shed Ratings While Taking On More Debt (#GotBitcoin) [caption id="attachment_6088" align="aligncenter" width="410"] Hoboken, N.J., Turned To…
Top Colleges Are Enrolling More Students From Low-Income Homes (#GotBitcoin?)
Yale University Is Among The Elite Schools That Have Increased Enrollment By Lower-Income Students In Part By Increasing Their Undergraduate Student Populations. A major push to increase enrollment of lower-income students at the nation’s top colleges and universities is showing some early signs of success. Top Colleges Are Enrolling More…
Ultimate Resource On Bankrupt And About-To-Be Bankrupt Shopping Malls (#GotBitcoin)
Vacant storefronts don’t herald jolly holidays for professional Kriss Kringles; ‘I have a book for when it’s really, really slow’. Ultimate Resource On Bankrupt And About-To-Be Bankrupt Shopping Malls (#GotBitcoin) [caption id="attachment_5995" align="aligncenter" width="600"] Rick Moody, The Santa At Auburn Mall In Maine, Says When Children Aren’t Around, ‘You…
Trump Policies Cause Chinese Stocks To Out-perform Those of US. (#GotBitcoin?)
#GotBitcoin? Shares in China have outperformed their U.S. counterparts since Beijing and Washington agreed to hold fire in their trade battle, reversing a pattern that has held for most of this year. Trump Policies Cause Chinese Stocks To Out-perform Those of US. What’s Happening Calm has returned to China’s stock…