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Monthly Archives: November 2017

Airlines to rake in record $57 billion in passenger fees this year

Patrick T. Fallon | Bloomberg | Getty Images A ground operations employee loads baggage onto a Southwest Airlines plane at John Wayne Airport in Santa Ana, California. Travelers who value such comforts as legroom, a checked bag, a blanket to keep warm, dinner or sitting beside their loved ones during …

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The dollar/yen is within striking distance of a key level

Despite relative calm in the foreign exchange market at the beginning of this post-holiday week, the market will be closely watching persistent dollar weakness, in particular the key 111.0 support level in the relationship between the U.S. dollar and the Japanese yen. Some equity traders pay close attention to the …

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Wells Fargo bankers overcharged clients for higher bonuses

Spencer Platt | Getty Images People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Evidence that embattled bank Wells Fargo had swindled some of its clients emerged in a June conference call led by its managers, according to two employees who were present …

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Trump is attempting an ‘end run’ with his CFPB appointment: Attorney

Jonathan Ernst | Reuters Office of Management and Budget Director Mick Mulvaney (R) listens as President Donald Trump meets with members of the Republican Study Committee at the White House, March 17, 2017. Mulvaney took charge of the CFPB’s operations on Monday and told the staff to disregard any instructions …

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SoftBank is said to offer to purchase Uber shares, but at a 30% discount

Justin Sullivan | Getty Images Uber’s headquarters in San Francisco, California. SoftBank has made an offer to purchase Uber shares at a $48 billion valuation — a 30 percent discount to the most recent valuation, a source said. This story is developing. Please check back for updates.

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Powell comments on regulation and inflation will be in focus

Saul Loeb | AFP | Getty Images President Donald Trump, left, and Jerome Powell, governor of the U.S. Federal Reserve and Trump’s nominee for chairman of the Federal Reserve, walk to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, …

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Indonesia extends Bali airport closure due to Agung volcano eruption

Johannes P. Christo | Reuters A villager walks as Mount Agung volcano erupts in the background in Kubu, Karangasem, Bali, Indonesia November 27, 2017. Indonesia’s transportation ministry said on Tuesday it will extend the closure of Bali’s I Gusti Ngurah Rai International Airport for a further 24 hours because of …

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After-hours buzz: THO, UNH & more

Luke Sharrett | Bloomberg | Getty Images A factory worker installs rivets into the roof of an Airstream Inc. RV travel trailer on the production line at the company’s assembly plant in Jackson Center, Ohio. Check out the companies making headlines after the bell Monday. Shares of Thor Industries soared …

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Trump ‘not planning’ to campaign for Roy Moore

Getty Images White House Press Secretary Sarah Huckabee Sanders talks with reporters during the daily news conference in the Brady Press Briefing Room at the White House November 27, 2017 in Washington, DC. President Donald Trump has no plans to travel to Alabama to campaign for embattled Republican Senate candidate …

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Bitcoin could ‘easily’ reach $40,000 by the end of 2018: Novogratz

Former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. “Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said Monday on CNBC’s “Fast Money.” “Ethereum, which I think just touched …

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