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Is the U.S. Consumer ‘Wavering’? Slowing Retail Sales Are a Warning Sign That the Economy May Be in Trouble

October 17, 2019

Via: Fortune

If the U.S. economy has a hero in 2019, it’s the American consumer. Amid a global slowdown and bearish forecasts of a U.S. recession, bulls have consistently pointed to robust consumer spending as a strong trend that can shore up […]


Silicon Valley is losing its war against paying tax on big-tech revenues

October 9, 2019

Category: News

Silicon Valley’s war against paying tax on revenue as well as profits isn’t going well. The Organization for Economic Cooperation and Development, which sets international tax standards, has proposed an overhaul of cross-border tax rules that would give governments more […]


Stocks fall after data show deepening U.S. manufacturing woes

October 1, 2019

U.S. stocks gave up early morning gains to trade lower Tuesday morning after the Institute for Supply Management’s survey of U.S. manufacturers showed the sector falling deeper into contraction, as President Trump’s trade war with China drags on. What are […]


Finance Tech, Trading

European stocks turn higher as leaders declare Brexit deal

October 17, 2019

Via: Market Watch

European stocks turned higher Thursday as key political leaders say they’ve reached a deal for U.K. to exit the European Union. The pact, announced by U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker, will still need ratification […]


Financial Services, Industries

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019

Via: CNBC

Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]


News

A Major Turkish Bank has Been Charged With Evading U.S. Sanctions on Iran

October 16, 2019

Via: Time

(NEW YORK) — A major Turkish bank was criminally charged in an indictment Tuesday with participating in a multibillion-dollar scheme to evade U.S. sanctions against Iran. The charges against Halkbank, a state-owned bank, were announced years after a wealthy gold […]