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Monthly Archives: May 2018

Goldman Sachs president says bank is ‘ahead on every metric’

Andrew Harrer | Bloomberg | Getty Images David Solomon, co-president and co-chief operating officer of Goldman Sachs Group Inc., gives a thumbs-up during a discussion at the Goldman Sachs 10,000 Small Businesses Summit in Washington, D.C., on Tuesday, Feb. 13, 2018. Goldman Sachs President David Solomon said the bank is …

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Morgan Stanley says we’re in a bear market but investors just don’t realize it yet

Morgan Stanley’s chief U.S. equity strategist believes the stock market is in the midst of a cyclical bear market that could last through the end of next year. “I think we’re in a rolling bear market. Every sector has gone down at least 11 or 12 percent at least once …

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Fed Vice Chairman says regulators looking at ways to change bank rules

Aaron P. Bernstein | Bloomberg | Getty Images Randal Quarles, vice chairman of supervision at the Federal Reserve, speaks during a meeting with the Board of Governors for the Federal Reserve in Washington, D.C., on Wednesday, May 30, 2018. Randal Quarles, the Federal Reserve’s vice chairman for bank supervision, said …

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Italy’s 5-Star, League reportedly close to deal on ministers

Elisabetta A. Villa | Getty Images European Union (EU) and Italian national flag banners hang in central Rome on May 29, 2018 in Rome, Italy. Italy’s anti-establishment 5-Star Movement and the far-right League are close to an agreement over a cabinet team, two 5-Star sources said on Thursday as talks …

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Spain’s Rajoy expected to fall in no-confidence motion

PIERRE-PHILIPPE MARCOU | AFP | Getty Images Spanish Prime Minister Mariano Rajoy attends a session at the Lower House of Parliament in Madrid on May 30, 2018, two days before the assembly will debate a no-confidence motion against his government. Spanish Prime Minister Mariano Rajoy’s hours in office appeared numbered …

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Owning Washington Post makes Bezos target of Trump

Amazon founder Jeff Bezos’ personal ownership of The Washington Post makes him a “lightning rod” for attacks by President Donald Trump, internet analyst Michael Graham told CNBC on Thursday. “It’s probably not the greatest thing for Amazon shareholders” for Bezos to own the paper, said Graham, who covers Amazon at …

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Deutsche Bank US operations designated to be in ‘troubled condition’ by the Fed: DJ, citing sources

Kai Pfaffenbach | Reuters 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. The Federal Reserve has designated Deutsche Bank’s U.S. business as being in “troubled condition,” The Wall Street Journal reported Thursday, citing sources familiar with the matter. The downgrade to one of …

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Euro zone inflation well above expectations in May

Daniel Roland | AFP | Getty Images Mario Draghi, President of the European Central Bank (ECB) addresses a press conference following the meeting of the ECB’s Governing Council in Frankfurt am Main, western Germany, on January 25, 2018. Indeed, ten-year Italian yields surged to a four-year high this week with …

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Uber is in talks to add Waymo’s self-driving cars to its network: CEO

Anindito Mukherjee | Getty Images Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India. Uber is in discussions with Alphabet’s Waymo to add the latter’s self-driving cars to its platform, Chief Executive Dara Khosrowshahi said Wednesday. Speaking at the Code Conference in …

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Trump reportedly poised to ban German luxury carmakers in the US

Mandel Ngan | AFP | Getty Images President Donald Trump speaks to the media as he makes his way to board Marine One from the South Lawn of the White House on May 23, 2018. President Donald Trump is preparing to impose a total ban on German luxury carmakers from …

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