Federal regulators are preparing to fine megabank Wells Fargo about $1 billion for misbehavior in its auto and mortgage businesses, according to two people familiar with the negotiations. The settlement, which could be announced as soon as Friday, would be the most aggressive move by regulators during the Trump administration to punish a big bank. It […]

The business to business market will allow hotels and tour operators to connect directly. The Dubai Department of Tourism and Commerce Marketing (DTCM) has launched Tourism 2.0, a blockchain-enabled marketplace that connects potential buyers directly to hotels and tour operators. Essentially, a blockchain is like a record that is accessible to anyone; it is a […]

China has announced a hefty anti-dumping move against US sorghum imports, as a multi-billion dollar tit-for-tat trade spat between the two nations continues. China said US importers would have to pay a temporary 178.6% deposit on the value of their imports from Wednesday. China initiated its investigation into US sorghum imports in February. US growers […]

That leaves American companies vulnerable to retaliation by Beijing. It also gives them more reason to defuse trade tensions. American companies are doing much more in China than the U.S. trade deficit suggests. It’s their greatest weakness. The deficit, the difference between what the U.S. imports from China and what it exports there, widened to $375 […]

China’s economy grew at a slightly faster-than-expected pace of 6.8 percent in the first quarter, buoyed by strong consumer demand and robust property investment. Resilience in the world’s second-largest economy will likely keep a synchronized global recovery on track for a while longer, even as China faces rising tensions with the United States that could […]

1. Maxing out the credit card: House Speaker Paul Ryan, who built his career on the promise of fiscal responsibility, is leaving behind a looming $1 trillion budget deficit. In the short run, Ryan’s signature achievement of tax cuts could extend the life of America’s recovery from the Great Recession. Yet those same tax cuts, enacted […]

Facebook CEO Mark Zuckerberg took home just $1 for his annual base salary last year, but the company shelled out nearly $9 million on his security and private planes. A new public filing shows Facebook significantly increased the amount it spent on keeping Zuckerberg safe in 2017, upping such expenses more than 50% from the […]

Raymond James & Associates increased its holdings in shares of DTE Energy (NYSE:DTE) by 95.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,075 shares of the utilities provider’s stock after acquiring an additional 58,286 shares during the quarter. Raymond James & Associates […]

NEW YORK – Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors. The S&P banks index fell 2.6 percent and the broader S&P financial index lost 1.6 percent, the most among the 11 major S&P sectors. […]

President Donald Trump again accused Amazon of costing the US Post Office “billions of dollars.” In fact, federal regulators have found that contract to be profitable for the Postal Service. (April 3) AP President Trump has formed a task force to study the finances and operations of the U.S. Postal Service, just 10 days after he […]