Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Every small-business man and woman in America, every farmer, rancher, and investor knows that when you have a bad year with your business you get to offset future profits against your losses. This is pretty standard stuff.
Oct 4 Shares in Deutsche Bank rose 2.5 percent on Tuesday, benefiting from the support of its major clients and even rivals, rebounding after concern over its future last week sent the stock to a record low. German business leaders from companies including BASF , Daimler, E.ON, RWE and Siemens lined up to defend the bank in the German press over the weekend, which included a public holiday on Monday.
Social Security is a major issue in the presidential election. First of all, the vast majority of Americans either collect Social Security benefits or plan to do so in the future.
Hillary Clinton's presidential campaign is seizing on a New York Times report about rival Donald Trump's taxes as a sign of his business failures and evidence he may not have paid taxes for years. Clinton campaign manager Robbie Mook said in a statement that "this bombshell report reveals the colossal nature of Donald Trump's past business failures and just how long he may have avoided paying any federal income taxes whatsoever."
Right now, it's impossible to tell exactly where the candidates stand on issues that small businesses care about because, quite frankly, they aren't paying attention to them. Oh, yes, whenever a reporter or debate moderator utters the phrase "small business," out come the knee-jerk platitudes about how important small business is to the U.S. economy, how many jobs are created by small businesses, how entrepreneurs are our new superheroes, etc.
Wells Fargo may have gone out if its way to take senior citizens to the cleaners when the bank's workers fraudulently opened as many as 2 million accounts without customers' permission. That's the suspicion of Democratic Sen. Claire McCaskill of Missouri and Republican Sen. Susan Collins of Maine, the top members of the Senate Special Committee on Aging.
Deutsche Bank made a big comeback on Friday, while crude oil added to its recent rally, leading Wall Street to clock substantial gains to end the week. Deutsche Bank made a big comeback on Friday, while crude oil added to its recent rally, leading Wall Street to clock substantial gains to end the week.
Deutsche Bank shares staged a dramatic recovery on Friday afternoon after reports emerged that it could only have to stump up 5.4 billion US dollars , rather than 14 billion US dollars , as part of a US Department of Justice settlement. The German lender's shares had slipped to 9.98 euro at one point, their lowest level since the 1980s, but recovered and were trading 7.5% up at 11.70 euro in afternoon trading.
US futures pointed to negative open on Wall Street as worries about Deutsche Bank and the broader financial sector continued to weigh on investors' minds, although losses looked set to be fairly limited after Thursday's decline. At 1140 BST, Dow Jones Industrial Average and Nasdaq futures were down 0.3%, while S&P 500 futures were 0.2% weaker.
The Education Department is pursuing debt collection - rather than debt relief - for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration's actions. The Massachusetts Democrat reported the findings of a staff investigation in a letter Thursday to Education Secretary John B. King Jr. "It is unconscionable that instead of helping these borrowers, vast numbers of Corinthian victims are currently being hounded by the department's debt collectors," she said.
There is a reason why Kelly Ayotte keeps hitting the softball to right field on every pitch in her TV commercial, and that's because she votes right wing every chance she gets in Washington. She voted against background checks for military-style assault rifles, leaving the public vulnerable, as terrorists on the no-fly list can't get on an airplane but have no problem buying an AR-15.
A man walks past a branch of The Royal Bank of Scotland in central London, in this file photo. A man walks past a branch of The Royal Bank of Scotland in central London, in this file photo.
Janet Yellen and the Federal Reserve have pronounced 2 percent annual economic growth - perhaps a bit less - the new normal. Factoring in labor force growth that implies 1 percent growth for productivity and pre-tax wages, hardly anyone is average these days.
Unraveling the ins and outs of Medicare, including what it covers, what it costs, and what stocks move higher or lower because of it. Medicare provides an important safety net in your retirement, but if you don't understand the ins and outs of this critical program, you might not get the most out of it.
Federal Reserve Chair Janet Yellen defended the independence of the U.S. central bank Wednesday, saying it does not play politics in response to charges from Donald Trump that she is manipulating financial markets to benefit President Obama. Trump earlier this month said that the Yellen-led Fed is keeping interest rates low in order to give a boost to the stock market in an effort to make Obama's economic record look good.
The unwanted accounts created by Wells Fargo & Co. employees trying to hit aggressive sale goals have already forced the bank to provide some 100,000 customers with refunds averaging $25 for fees and other expenses.
He grew up in a lower middle-income household. His parents worked three jobs. In the winter they wore jackets inside because they could not afford to run the heat.
Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decade -- affecting investment partnerships, large estates and banks -- that have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.
A final settlement in the upper scale will result in pressure on other banks to increase provisions for litigation expenses. The U.S Department of Justice's initial proposed settlement of $14bn for Deutsche Bank's Residential Mortgage Backed Securities misdeeds has sent shock waves through the market with DB's stock spiraling downwards.