End Of Coal? More Banks Plan To Phase Out Financing Of Coal-Related Businesses
Coal mining is under pressure as more financial institutions seek to eliminate funding
TikTok Sale Imminent, CNBC Says, But New Chinese Tech Export Rules Could Be An Obstacle
The Trump Administration said it will ban TikTok if ByteDance does not sell off its U.S. assets
Warren Buffet’s Berkshire Hathaway Buys Stakes In Japanese Trading Houses, Diversifying From US Stocks
The investments are expected to boost investor confidence in the world’s third biggest economy.
As August Ends, S&P 500 Riding High On Spring-Summer Rally, But Can It Continue?
The S&P 500 index has surged more than 55% from March lows despite a gloomy economy.
Capital One Cuts Borrowing Limits On Credit Cards As Industry Tightens During Pandemic
Despite the pandemic, credit card holders have generally been able to keep up with payments
Japan’s Prime Minister Shinzo Abe Resigns Over Health Concerns
Abe served four terms as Japan’s premier; he suffers from ulcerative colitis.
Fed Chief Wants Monetary Policy To Benefit All Americans, Including Lower Income Communities
Fed chair Jerome Powell explicitly referred to including benefits accrued to lower-income and disadvantaged groups by policy decisions
Many UK Companies Ill-Prepared For Brexit; Johnson Names Ex-Australian PM As Trade Adviser
The U.K. and Europe have still not reached an agreement on what their trade will look like next year
New York, Nevada, New Jersey Most Bruised By COVID-19 Ravaged Economy in July: Bankrate
Bankrate’s hardship index takes into account local joblessness and mortgage delinquency rates
Amazon's Jeff Bezos Now Worth More Than $200 Billion
Bezos is now $78 billion wealthier than Bill Gates
Federal Reserve’s New Policy On Inflation Would Keep Interest Rates Lower For Longer Periods
Jerome Powell introduced new policies on how the central bank will view inflation, full employment
Will Branches Disappear As Mergers, Digital Activity, Pandemic Change Banking Industry?
The number of branches reached a peak of 91,365 in 2009 and declined to 81,054 in 2019
TikTok CEO Kevin Mayer Quits Ahead Of Potential Ban Of Video App In US
Mayer came to TikTok from Disney only two months ago
Commercial Banks, Savings Institutions Saw Profits Plunge By 70% In Second Quarter, FDIC Says
Nearly half of all commercial banks and savings institutions reported annual declines in net income.
Alphabet CEO Sundar Pichai Made 1,085 Times As Much As Average Company Employee Last Year
But don't worry that Google parent company's employees are starving: Their median pay was $258,708.
Mortgage Purchase Applications Have Surged 33% From Last Year, Despite Pandemic
Low mortgage rates, pent up demand have led to spike in mortgage purchase requests
Trump’s Ban On WeChat Would Hurt US Companies In China If Broadly Applied, Survey Says
The White House said it will ban certain transactions on WeChat, but did not provide specific details
FHFA Postpones Implementation Of Contentious Mortgage Refinance Fee By Three Months
The refinance fee has been widely criticized banking groups and the White House
Despite Incurring Huge Losses, Exxon, Chevron, BP, And Other Oil Giants Still Pay Dividends
The COVID-19 pandemic has sapped energy demand, but oil companies committed to dividends
Ant Group, Controlled By Jack Ma’s Alibaba, Planning Historic IPO On Hong Kong, Shanghai Exchanges
Ant Group is seeking to raise at least $20 billion – perhaps as much as $30 billion – in the IPO
Fed Chief Powell To Speak On Inflation At Virtual Symposium Thursday: Can Central Bank Ramp Up Prices?
The Federal Reserve is concerned that inflation has run below its 2% target for too long
Dow Jones Industrial Average Kicks Exxon, Pfizer Out Of Blue-Chip Index
The Dow index enacted changes in response to heavily-weighted Apple’s stock split.
US, China Confirm They Held Talks On Phase 1 Trade Deal, But Stocks Unimpressed
The countries confirmed that they discussed the “significant increases in purchases of U.S. products by China as well as future actions needed."
Black Americans Still Face Obstacles In Obtaining Credit, Mortgage Loans
While some discrimination in financial services has diminished, Blacks still face barriers in access to credit, mortgages
Another Hurricane Like Katrina Would Cause Up To $200 Billion In Damages
Katrina was the most expensive natural catastrophe for the global insurance industry
Major Investment Firm Dumps Exxon-Mobil, Chevron, Others For Opposing Climate Change Policies
Storebrand will block investments in companies that are not moving fast enough into renewable energy.
Global Dividend Payments Plunged By 22% In Second Quarter, As Companies Preserved Cash Amid Pandemic
2020 is shaping up to be the worst year for dividends since at least the great recession
Mortgage Industry Faces Unprecedented Challenges, As Turmoil Swirls Amid Pandemic
The COVID-19 pandemic has thrown the mortgage industry into turmoil
Why Are Global Stocks Surging While Underlying Economies Are Languishing?
Stock indexes in U.S., Europe, Japan have soared as economies stagnated.
Wells Fargo Resumes Job Cutting As Part Of Plan To Save $10 Billion In Costs
Wells Fargo is under pressure to cut costs and strip away layers of management
