As recently as last month, during one of the regular meetings of the Economic Club’s financial think tank in DC, the chairman of the JPMC shared some vital insights as to what he thinks waits for the US business round the corner. Dimon addressed a wide array of topics from the need for the Federal…
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If Hillary Clinton wins, here’s what will happen to the US market
With their stances on basically any financial issue, from taxation to regulation being so vastly different – it’s hard to imagine how opposite the effects of either Clinton’s or Trump’s fiscal policy would be… This time, we will try to analyze what will be the market’s reaction to the election of Hillary Rodham Clinton as…
California launches criminal probe into Wells Fargo account scandal
Most likely everyone still has a fresh memory of the recent Wells Fargo scandal. Well, turns out that the judiciary system of California also does… In a new unexpected development, state’s Attorney General Kamala Harris have given a command on a seizure warrant against the bank that seeks customer records and other documents
3 States to Avoid in Retirement
With so many local differences in how the states deal with the retirement issues, we’ve decided that compiling an ultimate list will be a good idea. Three states mentioned here are, in our opinion, the worst places to live based on living costs, taxes and other factors crucial to anyone who’s calling it quits. Nearing…
Saudis Launch Sale of $17.5 Billion in Bonds Amid Oil Glut
Following the fact that during the last 2 years the oil prices have dropped so dramatically, the economies like a Saudi’s one, which depend completely on this kind of an export are in a free fall. So this move to earn some additional money by selling the state bonds is a way out. So as…
How One Goldman Sachs Trader Made More Than $100 Million
With so much of post-DoodFrank regulation in place for the Wall Street gamblers, this kind of an earning serves either as a flashback to “good” old times, when the risk was a part of the game or simply is a telling sign that even the overregulated Wall Street still likes and wants to play the…
But how do you stay focused on what kind of a template you need and what do you want to get from that template?Alexander Carson
Business and Commercial Loan Growth Slows at Regional Banks
With the interest rates so low, the banks and especially the regional ones were always doomed to play the dangerous game. A trading rebound helped to create a real hike in the growth rate for the big banks in the third quarter of this year. Traditional lenders, lacking that prop, were left to continue battling…
Microsoft’s Expensive Cloud Bet Is Paying Off
If we talk about different strategies to upend the price of the company, asking Microsoft executives for an advice would be a well-fitting idea. The hike in the pricing implemented recently in their new sales strategy for clouding services they offer now looks like a real smart business move. At least you can get an…
Red alert for US stocks with ‘very high’
If any of you remember the crash on the stock market back in 2008, or even better in 1987, then you might be interested to hear about the recent, kind of similar indications of yet another “Black Monday”. The warning highlights the note of caution in HSBC’s tone from a September 30 report in which…