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Monthly Archives: November 2017

Russia says US provoking North Korea

Stanislav Krasilnikov | TASS | Getty Images Russia’s Foreign Minister Sergei Lavrov looks on during a press conference following his talks with US Secretary of State Rex Tillerson and Russian President Vladimir Putin. Russia’s foreign minister has accused the U.S. of not being straightforward about its intentions towards North Korea. …

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Credit Suisse targets more cost cuts, sets 2019 and 2020 yield goals

MICHAEL BUHOLZER | AFP | Getty Images Credit Suisse CEO Tidjane Thiam delivers a speech during the annual shareholders’ meeting of the Swiss banking group on April 28, 2017 in Zurich. Credit Suisse on Thursday announced ambitions to pare costs beyond 2018, as Chief Executive Tidjane Thiam builds on a …

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Russia’s Lavrov says there’s little difference between policies of Trump and Obama: RIA

Jim Watson | AFP | Getty Images President Barack Obama welcome President-elect Donald Trump to the White House in Washington, DC January 20, 2017. The actions of President Donald Trump’s team are similar to the policies of his predecessor Barack Obama, Russian Foreign Minister Sergei Lavrov said in an interview, …

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Nearly half of Americans oppose GOP tax plan: Poll

Getty Images Sen. Elizabeth Warren (D-MA) addresses a rally against the Republican tax plan outside the U.S. Capitol November 1, 2017 in Washington, DC. Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying …

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Trump nominates Marvin Goodfriend for Fed governor post

David Paul Morris | Bloomberg | Getty Images Marvin Goodfriend, professor of economics at Carnegie Mellon University, speaks at the Jackson Hole economic symposium on Friday, Aug. 26, 2016. President Donald Trump has nominated Carnegie Mellon University professor Marvin Goodfriend to be a member of the Federal Reserve Board of …

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Facebook to eliminate charitable donation fees start $50 million fund

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer of Facebook Inc., speaks during an event in Menlo Park, California. Facebook CEO Mark Zuckerberg said the company will stop levying fees on donations to charitable organizations made via its service, though fees on some personal fundraisers …

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Fed districts see US outlook improving, price pressures picking up

Andrew Harrer | Bloomberg | Getty Images Janet Yellen, chair of the U.S. Federal Reserve, arrives to a Joint Economic Committee hearing in Washington, D.C., on Wednesday, Nov. 29, 2017. The U.S. economy expanded at a modest to moderate pace in October through mid-November and inflation pressures increased, the Federal …

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Home Depot to ‘extend lead’ with a healthier housing market, says Credit Suisse

Ramin Talaie | Bloomberg | Getty Images A employee at a Home Depot store in Brooklyn, New York. Home Depot will extend its lead and sustain above-average growth in 2018 thanks to a favorable housing outlook, according to Credit Suisse. The company should also be able to deliver double digit …

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Bitcoin plunges 18% after topping $11,000 in extremely volatile trading

Bitcoin has gained, and plunged, well over $1,000 in less than 24 hours. The digital currency dropped more than 18 percent from a record high of $11,388.33 to $9,290.30 on Wednesday, according to CoinDesk. Bitcoin then attempted to recover the $10,000 level in the late afternoon and was last trading …

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13 million more uninsured even under Obamacare Senate deal, CBO says

Erik McGregor | Pacific Press | LightRocket | Getty Images People demonstrate at Trump International Hotel and Tower in New York City, to fight against the proposed changes to the American healthcare system proposed by the Trump Administration and Republicans. The Congressional Budget Office on Wednesday poured very cold water …

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