Day: January 20, 2017

Deutsche Bank Burden in Mortgage Settlement Eased by Fine Print

Deutsche Bank AG sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have ended up winning it: the bank can pay down part of its penalty by lending money to fund managers. As part of the agreement, Germany’s largest bank has to provide $4.1 billion of relief for mortgage borrowers.

European Stocks Called Cautiously Higher Ahead of Trump Inauguration

European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump. European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump.

European Stocks Called Cautiously Higher Ahead of Trump Inauguration

European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump. European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump.

Report: Broadband access making ‘dramatic’ progress

Eighty-eight percent of U.S. school districts have reached the minimum connectivity-100 kbps per student, as recommended by the Federal Communications Commission-to help students effectively use technology in the classroom. The data comes from the second annual State of the States report from the nonprofit EducationSuperHighway , which analyzed 2016 FCC E-rate data representing 10,499 school districts and more than 38 million students.

Report: Broadband access making ‘dramatic’ progress

Eighty-eight percent of U.S. school districts have reached the minimum connectivity-100 kbps per student, as recommended by the Federal Communications Commission-to help students effectively use technology in the classroom. The data comes from the second annual State of the States report from the nonprofit EducationSuperHighway , which analyzed 2016 FCC E-rate data representing 10,499 school districts and more than 38 million students.

Art credit: Dave Malan

President Trump may not be a full-spectrum deregulator in the Ronald Reagan tradition. He hasn’t had much to say about the Food and Drug Administration or Federal Communications Commission-two favorite targets of regulatory reformers-and he sometimes sounds like an antitrust activist.

Art credit: Dave Malan

President Trump may not be a full-spectrum deregulator in the Ronald Reagan tradition. He hasn’t had much to say about the Food and Drug Administration or Federal Communications Commission-two favorite targets of regulatory reformers-and he sometimes sounds like an antitrust activist.

LeEco Billionaire Apologizes for Remarks on Share-Boosting

Leshi Internet Information & Technology Corp.’s shares climbed Friday after billionaire founder Jia Yueting apologized for making “inappropriate” comments about boosting the share price of LeEco’s main listed unit to 100 yuan. The remarks, made to investors at a public forum, was the latest slip-up for a technology conglomerate that in past months has struggled to deal with a cash squeeze, pay its suppliers and respond to criticism about its capital-intensive business model.

Yellen says Fed following prudent course on rates

While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly. But Yellen says that it would be “risky and unwise” to allow the economy to overheat by keeping interest rates too low for too long.

Yellen says Fed following prudent course on rates

While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly. But Yellen says that it would be “risky and unwise” to allow the economy to overheat by keeping interest rates too low for too long.

Feds Investigating Russian Intercepts For Trump Ties: Report

Federal authorities are investigating intercepted communications and financial transactions over possible links between Russia and members of President-elect Donald Trump’s campaign team, the New York Times reported Thursday night. The counterintelligence investigation is focused on former campaign chairman Paul Manafort, policy adviser Carter Page and Republican strategist Roger Stone, the Times said.

Feds Investigating Russian Intercepts For Trump Ties: Report

Federal authorities are investigating intercepted communications and financial transactions over possible links between Russia and members of President-elect Donald Trump’s campaign team, the New York Times reported Thursday night. The counterintelligence investigation is focused on former campaign chairman Paul Manafort, policy adviser Carter Page and Republican strategist Roger Stone, the Times said.