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Durbin: ‘Everything is on the table’ in response to ‘tangled web’ of Clarence Thomas revelations
Revelations about Supreme Court Justice Clarence Thomas’s financial disclosures get “worse and worse by the day,” Sen. Dick Durbin said Sunday, and “everything is on the table” when it comes to establishing a code of ethics for the high court. Speaking Sunday morning on CNN’s “State of the Union” with…
AMC says it’s reached deal to settle shareholder lawsuit over APE conversion
AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stock conversion. “AMC has recently reached an agreement to settle a putative stockholder class action concerning the proposed conversion of AMC Preferred Equity Units into Common Stock…
Binance twice pauses bitcoin withdrawals due to ‘large volume’
Crypto exchange Binance paused bitcoin withdrawals twice Sunday, saying the blockchain was congested by too many pending transactions. “We’ve temporarily closed #BTC withdrawals due to the large volume of pending transactions,” Binance said Sunday night on Twitter. “Our team is currently working on a fix and will reopen $BTC withdrawals…
California task force finalizes sweeping reparations potentially worth billions of dollars
After a sometimes contentious day-long meeting Saturday, California’s reparations task force approved a sweeping set of recommendations — including potentially hundreds of billions of dollars in monetary reparations — for repair and restitution for harms experienced by African Americans as a result of slavery and the state’s subsequent policies and…
Recession fears hang over market insisting on rate cuts as Fed loan survey looms
Parts of the U.S. financial markets are bracing for a hard landing for the U.S. economy, as investors await insights into credit conditions from the Federal Reserve’s upcoming loan officer survey due this week. The Fed’s aggressive interest rate hikes over the past year to tame high inflation has led…
‘People are making a big deal about the increase in wage growth’: Economists cast a skeptical eye over ‘strong’ jobs report
Some economists are drawing the battle lines between the Federal Reserve’s rate hikes and future U.S. economic growth. The U.S. created 253,000 new jobs in April, surpassing the 180,000 forecast by economists polled by the Wall Street Journal. Meanwhile, the unemployment rate fell to 3.4% from 3.5%, the government said…
This real-estate agent listed 2 houses. He showed them 88 times, and got 12 offers. ‘I didn’t even have my sign in the ground’
In early April, Atlanta-based real-estate agent Zak Elfenbein listed two newly renovated homes, nestled in a quiet suburb in Douglasville, Ga. He wasn’t sure what to expect. The homes were 25 miles west of Atlanta, and were being sold by home flippers. Mortgage rates were above 6%, and home prices…
Should I invest $20,000 in cash or stocks? The stock market is volatile, and the Fed hiked rates (again).
I just moved to the U.S. to join my family, and I have about $20,000 in my bank account, and I’m not sure how to invest it. I have no need for the money at the moment, but I’ve applied for a master’s program and want to fill out a…
CDs vs. high-yield savings accounts — where can you earn 5.5% after Fed’s rate hike? ‘This is time-sensitive.’
The face-off Higher interest rates have made it more expensive to carry a balance on your credit card or take out a car loan, but on the flip side, there’s an opportunity to earn more interest on cash savings. You can do this by opening a high-yield savings account or…