financial services

  • Donald Trump Nov 13, 2019

    Pact Reached to Avert Government Shutdown Through Dec. 20

    A top House lawmaker announced Tuesday that Congress will pass a governmentwide temporary spending bill to keep the government running through Dec. 20, forestalling a government shutdown as the House turns its focus to impeachment hearings. Appropriations Committee Chairwoman Nita Lowey, D-N.Y., made the announcement after meeting with Senate counterpart Richard Shelby, R-Ala., in hopes of kick-starting long-delayed efforts to...

  • food Oct 6, 2019

    Protests Choke Communities in Haiti as Aid, Supplies Dwindle

    Gabriel Duvalesse squatted slightly as he prepared to push 50 gallons (190 liters) of cooking oil in an old wheelbarrow to an outdoors market an hour away so he could earn $1. It was his first job in seven days as deadly protests paralyze Haiti’s economy and shutter businesses and schools. Opposition leaders and thousands of supporters are demanding the...

  • Attorney General Sep 26, 2019

    US House Passes Bill Giving Pot Businesses Access to Banking

    The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry. The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but...

  • United States Aug 21, 2019

    US Has 501,000 Fewer Jobs Than First Reported

    The U.S. job market isn’t quite as strong as originally believed — with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported. The Labor Department said Wednesday that nearly two-thirds of the downward revision came from the retail and leisure and hospitality sectors, the industries most associated with consumer spending. These preliminary revisions...

  • CEO May 7, 2019

    BMW Profit Hit by Anti-Trust Case, Spending on Technology

    BMW lost money making cars in the first quarter as its automotive division was hit by a 1.4 billion-euro ($1.6 billion) set-aside for an anti-trust fine from the European Commission and by higher up-front costs for new technology and factories. The fine and investment spending, along with weaker pricing in some markets, led to an operating loss for the company’s...

  • Twitter Jan 22, 2019

    San Francisco Is a ‘Train Wreck' of Inequality Because of Silicon Valley, Salesforce CEO Says

    Silicon Valley has driven San Francisco into a “train wreck” of inequality, with homelessness being a severe issue in the city, Salesforce CEO Marc Benioff told CNBC on Tuesday. Benioff added that though the Valley is the home of “an incredible technology industry” that “every city in the world craves,” some executives in the sector are ignoring issues such as...

  • Facebook Nov 2, 2018

    Apple, Amazon and Over 50 Others Oppose Trump Administration's Gender Definition Changes

    More than 50 companies representing over $2.4 trillion in annual revenue took a stand Thursday for legal protections for transgender people following a report that the Trump administration is considering limiting the definition of gender to birth anatomy....
    Apple, Amazon, Facebook and Google are among the companies spanning tech, consumer products and financial services that signed a statement supporting the protections....
    The...

  • Congress Oct 10, 2018

    Black Female Democrats Call for Changes in Party

    Insurgent Democratic women running for Congress are pushing the party to rethink its approach to politics if they retake control of Capitol Hill in the fall. At the annual meeting of the Congressional Black Caucus Friday, black female candidates who prevailed in primaries over established incumbents said it’s time for a conversation about how the party is structured. They expressed...

  • president Aug 27, 2018

    Study: Women May Earn More Than $1 Million Less Than Men Over the Course of a Career

    In 1971, the U.S. Congress declared August 26 as Women’s Equality Day, according to the National Women’s History Project. The day celebrates the passage of the 19th Amendment in 1920, which granted women the right to vote. Each year, the president is requested to issue a proclamation honoring this day around the country. While much progress has been made since...

  • California May 4, 2018

    California Is Now World's 5th Largest Economy, Surpasses UK

    California has surpassed the United Kingdom to become the world’s fifth largest economy.

  • Governor Apr 27, 2018

    John Boehner Joins Marijuana Firm Advisory Board, Says Views on Cannabis Have ‘Evolved'

    Former U.S. House Speaker John Boehner announced Wednesday that he has joined the advisory board of a marijuana firm, saying that his “thinking on cannabis has evolved.” In a joint statement with former Massachusetts Gov. Bill Weld, who is also joining the Acreage Holdings board, Boehner said it was time for “serious considerations of a shift in federal marijuana...

  • California Apr 5, 2018

    Delta Air Lines, Sears Say They Were Hit by Cyberattack

    Delta Air Lines and department store chain Sears Holding Corp said Wednesday that some of its customers’ payment information may have been breached in a cyberattack last fall. The companies said the incident involved (24)7.ai, a chat-services provider used by Delta, Sears and other companies. Delta says only “a small subset” of customers were affected, with payment information exposed from...

  • New York City Mar 19, 2018

    Google Expansion Plans Helping to Turn NYC Into Tech Hub

    As New York City waits to hear whether it’s been chosen as the site for Amazon’s second headquarters, recent moves by another tech giant, Google, to expand its footprint in the city are helping to legitimize New York’s claim to be Silicon Valley East.

  • Donald Trump Mar 19, 2018

    Fact Check: Trump Ignores a Big Slice of Trade

    President Donald Trump leaves out a big component of trade when he complains about the huge imbalance between what the U.S. buys from abroad and what the world buys from the U.S. He ignores services, an American strength and part of the trade equation. So it was in a tweet Saturday, capping a week in which he seemed itching to...

  • New York Mar 17, 2018

    Bye-Bye Box Seats? Tax Law May Curb Corporate Cash at Games

    Could the crackdown on tax loopholes clamp down on corporate schmoozing? The new tax law ends a benefit prized by business for impressing customers or courting new ones. And the impact could be felt in the pricey boxes at sports stadiums, or even at Double-A baseball games in small towns with loyal company backers. In Washington, lobbyists who helped craft...

  • judge Nov 29, 2017

    ‘Hacker-For-Hire' Pleads Guilty to Yahoo Breach

    A Canadian man pleaded guilty Tuesday to charges stemming from a massive breach at Yahoo that authorities say was directed by two Russian intelligence agents and affected at least a half billion user accounts. Karim Baratov appeared in a jail jumpsuit before a federal judge and entered the pleas to one count of conspiracy to commit computer fraud and abuse...

  • Donald Trump Nov 8, 2017

    Trump to Push China on Trade, N. Korea During 2-Day Visit

    Welcomed to China with an outsized dose of pomp and pageantry, President Donald Trump pronounced himself wowed by Beijing’s lavish greeting Wednesday at the start of a two-day visit in which he aims to employ flattery, scolding and cajolery to press the rising Asian power on trade and North Korea. Trump, saddled with consistently low approval ratings at home, is...

  • Facebook Aug 17, 2017

    Tech Companies Banishing Extremists After Charlottesville

    It took bloodshed in Charlottesville to get tech companies to do what civil rights groups have been calling for for years: take a firmer stand against accounts used to promote hate and violence. In the wake of the deadly clash at a white-nationalist rally last weekend in Virginia, major companies such as Google, Facebook and PayPal are banishing a growing...

  • Donald Trump Aug 3, 2017

    Trump Blasts Russia Sanctions Bill, But Still Signs It

    Dealt a striking congressional rebuke, Donald Trump grudgingly signed what he called a “seriously flawed” package of sanctions against Russia on Wednesday, bowing for the moment to resistance from both parties to his push for warmer ties with Moscow....
    Trump signed the most significant piece of legislation of his presidency with no public event. And he coupled it with a written...

  • Donald Trump Jul 29, 2017

    Trump Ready to Sign Sanctions Bill; Moscow Retaliates

    President Donald Trump will sign a package of stiff financial sanctions against Russia that passed Congress with overwhelming support, the White House said Friday. Moscow has already responded, ordering a reduction in the number of U.S. diplomats in Russia and closing the U.S. Embassy’s recreation retreat....
    Trump’s willingness to support the measure is a remarkable acknowledgement that he has yet to...

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