Archive for July 13th, 2017

Qatar Airways Ltd.'s bid to buy a stake in American Airlines Group Inc. is making less and less sense.

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When last we left Citibank, it was in the middle of 2014 very briefly overtaking JP Morgan for the top spot in derivatives dealing. For the longest time, ages even, JPM ruled that space due to the nature of its business. As the primary triparty custodian in repo as well as the many other money dealing activities the bank sat on top of, to find them so far out in advance of all the others simply made sense.
According to bank call reports aggregated and published by the Office of the Comptroller of the Currency (OCC), at the apex of this eurodollar world in Q3 2007, JP Morgan showed $91.7…

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A central aspect of the U.S. Senate’s “Byrd Rule” is biased against tax relief, and it needs to be tossed out.With the battle over repealing ObamaCare, we’ve heard a good deal this year about “budget reconciliation.” What is this arcane federal budget term? Quite simply, budget reconciliation means that the U.S. House of Representatives and the Senate hammer out, in effect, a budget outline that provides marching orders for various House committees dealing with the budget. Eventually, an omnibus budget bill is voted on. Budget reconciliation operates under expedited procedures,…

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A roofing-business owner, turning to temporary immigrants to fill $17-an-hour jobs, says hiring Americans at better pay isn’t a realistic alternative.

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<p>Honda Motor Co Ltd (7267.T) on Friday will unveil its newest-generation Accord, one of four re-engineered midsize sedans that Asian automakers are betting on to win market share as Detroit automakers shift focus to SUVs, crossovers and pickup trucks.</p>

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Russian arms manufacturer Kalashnikov Concern once had America in its sights, but sanctions imposed by the U.S. ended those plans. After a quick pivot, sales are booming as the company looks to Asia and Africa for new business.

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Millions of Americans who rely on Social Security can expect to receive their biggest payment increase in years.

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The central bank leader said regulations have made another crisis less likely and the financial system has enough capital on hand to withstand a downturn.

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Reports of retail’s death are proving to be premature.

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<p>President Donald Trump's pick to lead bank supervision at the Federal Reserve benefited from the government bailing out or rescuing two banks during the 2008 financial crisis, but that may not prevent his confirmation by a U.S. Senate controlled by a business-friendly Republican party, policy analysts told Reuters in recent days.</p>

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One in three Americans haven’t saved anything for retirement, let alone $50K. Here are a dozen things that you can do to help shore up your finances.

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Fewer Americans applied for jobless aid last week, as the number of people seeking benefits has stayed near historic lows pointing to a robust job market

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In West Virginia, the people of McDowell County can’t get jobs, and recently lost their biggest employer – the local Walmart store.&nbsp;

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During his "travel challenge,' Mark Zuckerberg sees firsthand how a sudden gender imbalance affects social dynamics.

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During his "travel challenge,' Mark Zuckerberg sees firsthand how a sudden gender imbalance affects social dynamics.

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