Climate change is making extreme weather worse and, right now, Americans are paying the price. Over the past two years, wildfires in California, floods along the Mississippi River and hurricanes in the Southeastern United States have caused tens of billions of dollars in damage. In 2018, weather-related catastrophes prompted $215Read More →
CHAPEL HILL, N.C. — I wouldn’t invest in a combined Charles Schwab-TD Ameritrade. To be sure, it makes a certain amount of sense that Charles Schwab SCHW, +0.35%, the largest discount brokerage firm in the U.S., would be interested in acquiring TD Ameritrade AMTD, -0.52%, the second-largest firm. The discountRead More →
© Reuters. FILE PHOTO: IFA consumer tech fair in Berlin By Douglas Busvine BERLIN (Reuters) – Huawei Technologies showcased its chipset for a new high-end smartphone on Friday, pressing ahead with plans to launch its Mate 30 range, despite uncertainty about whether the new phones will be able to runRead More →
By Gabriella Borter TITUSVILLE, Fla (Reuters) – Hurricane Dorian was set to slam the Bahamas on Sunday as a dangerous category 4 storm, pounding the islands with up to two days of torrential rain, high waves and damaging winds before taking aim at the U.S. mainland. Bahamas Prime Minister HubertRead More →
© Reuters. Medina Mora, powerful Citigroup exec who battled scandals, dies at 69 MEXICO CITY (Reuters) – Manuel Medina Mora, one of the most influential Mexican bankers to work on Wall Street during a long career at Citigroup Inc (N:), has died, the bank’s Mexican unit Citibanamex said on Wednesday.Read More →
SYDNEY (Reuters) – Australia’s banking watchdog faces funding challenges to improve oversight on entities it regulates, its chairman said on Wednesday, after a government report recommended that the regulator be more forceful and less discreet. Australian Prudential (LON:) Regulatory Authority (APRA) Chairman Wayne Byres told reporters on a conference callRead More →
Company shareholders are well-positioned to address income inequality by clamping down on sky high corporate pay, but new research says they’ll have to put their mouth where their money is. Shareholders — everyone from a retail investor with a 401(K) to asset management firms with vast pools of money —Read More →
Stocks on Wednesday were poised to extend a potent advance after Federal Reserve Chairman Jerome Powell implied that the central bank would cut borrowing costs if financial conditions showed signs of weakening from tariff tensions. How are benchmarks faring? Futures for the Dow Jones Industrial Average YMM19, +0.60% were upRead More →
Denise Dudley, a business consultant based in San Luis Obispo, Calif., has traveled a lot for her career over the last four decades. She has taken business trips that have lasted for weeks, many with senior male colleagues. In those early days, she learned a lot from both her maleRead More →
© Reuters. FILE PHOTO: A man banks at a Commonwealth Bank automatic teller machine in Sydney, Australia By Byron Kaye and Paulina Duran SYDNEY (Reuters) – Australia’s biggest bank has for years generated blockbuster profits by focusing on retail customers and home mortgages while its competitors sought to build exposureRead More →