Economics And Finance
Downfall of Sears, Toys ‘R’ Including Jobs Slashed At Ikea Gives Lift to Retail’s Survivors (#GotBitcoin?)
As millions of Americans flock to stores on Thanksgiving evening and Black Friday, some will be making fewer stops after the drumbeat of retail closings this year. Gone are hundreds of Toys “R” Us, Sears and Bon-Ton department stores. Thousands of stores have closed this year, but that’s good news…
With Central Banks Out of Ammo, Governments Urged to Ready Stimulus for Next Downturn (#GotBitcoin?)
OECD warns that countries need to prepare plans for a synchronized spending boost to fight a slowdown, but trade tensions could make that difficult. With Central Banks Out of Ammo, Governments Urged to Ready Stimulus for Next Downturn (#GotBitcoin?) Governments around the world must prepare spending plans they can roll…
Maxine Waters (D., Calif.) Rises As Banking Industry’s Overseer (#GotBitcoin?)
California lawmaker, a critic of big banks and President Trump, says she is ready to compromise as financial-services chairman.' Rep. Maxine Waters (D., Calif.) has demanded records of President Trump’s financial dealings and pilloried financial companies accused of abusing consumers. She has also cut deals with Republican lawmakers. The primary…
Some Merrill Brokers Say Pay Plan Urges More Customer Debt (#GotBitcoin?)
Financial advisers have complained that the pay structure pits them against their clients. Some brokers at Merrill Lynch are pushing back against a compensation plan they claim rewards them for increasing debt their clients take on and in some cases can punish them for reducing it. Some of the 15,000…
Deutsche Bank Handled $150 Billion of Potentially Suspicious Flows Tied To Danske (#GotBitcoin?)
Preliminary findings of an internal review by Deutsche Bank AG of its role in a massive money-laundering scandal at Danske Bank suggest the German lender handled about $150 billion of the total amount of potentially suspicious transactions tied to Danske, according to a person familiar with the matter. German lender’s…
Debt-Market Slowdown Troubles Investors (#GotBitcoin?)
Recent turbulence in the corporate-bond market is attributed to Fed’s tightening monetary policy and weaker appetite for debt. Signs of stress are mounting in the corporate-bond market, where rising interest rates and lackluster demand for new debt have investors questioning whether a long run of favorable borrowing conditions for U.S.…
Finra Arbitrators Let Thousands of Brokers Purge Infraction Records (#GotBitcoin?)
Brokers with scrubbed records are more likely to generate complaints, two academics found. Thousands of brokers have scrubbed their records clean of complaints by customers and employers, allowing them to hide information from potential investors, according to a new study. These brokers were more likely than other ones to receive…
US Witnesses The De-dollarization of The Global Economy (#GotBitcoin)
Russia Demotes Dollar’s Role at Home, Taking a Swipe at U.S.. US Witnesses The De-dollarization of The Global Economy (#GotBitcoin) [embed]https://www.youtube.com/watch?v=6pny8GVpe1Y&list=PLU1KxUVqGmaPTm5pKavmeoWGdkgLg8cvL[/embed] To ease sanctions pressure, Moscow promotes use of ruble and other currencies in trade deals. Russia is trying to wean itself off the greenback as its economy buckles under…
Federal Reserve To Begin Publishing Financial Instability Report (#GotBitcoin)
New report will come out semiannually beginning Nov. 28. Federal Reserve To Begin Publishing Financial Instability Report (#GotBitcoin) New report will come out semiannually beginning Nov. 28. The Federal Reserve said Friday it plans to start publishing a periodic report on the instability of the U.S. financial system, a bid…
WSJCoin: The Cryptocurrency That Never Was (#GotBitcoin?)
The Wall Street Journal embarked on a mission to create its own virtual token, but encountered hurdles along the way. Earlier this year they had a brilliant idea—OK, maybe just an idea. They cornered a pack of Wall Street Journal editors in a room and pitched an editorial project that…
Dow Falls 600 Points As Tech Rout Hits Stocks (#GotBitcoin?)
Decline erases a rally in energy shares, which had bounced higher with oil prices; Dow industrials fall 600 points. The Dow Jones Industrial Average tumbled about 600 points Monday as anxiety over the health of technology behemoths sparked a broad retreat from the stock market. Monday’s selling began in the…
Banks In Support of Iran’s National Sanctions-Busting Cryptocurrency (#GotBitcoin)
The Islamic Republic of Iran is making great strides towards adopting a national Central Bank Digital Currency (CBDC) to strengthen its internal and external trade. Banks In Support of Iran’s National Sanctions-Busting Cryptocurrency (#GotBitcoin) In fact, as announced by the Iranian news portal Ibena, Seyyed Aboutaleb Najafi, the CEO of…