California has surpassed the UK as world’s 5th largest economy
California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data...
Wells Fargo to pay $480 million to resolve sales scandal lawsuit
Wells Fargo said on Friday it will pay $480 million to resolve a securities fraud lawsuit related to a sales scandal that surfaced in 2016. The class action lawsuit in the District Court for the Northern District of California alleged...
Donald Trump’s regulators are the only thing holding back a massive American telecoms revolution
You know the famous scene in “Dead Poets Society” where the students stand up one by one on their desk and say “O Captain, my Captain!” in salute of Robin Williams, while the headmaster struggles to maintain order? That’s a...
After next few rate hikes, Fed needs to be ‘very, very careful:’ Dallas Fed’s Kaplan
The path of the next three Federal Reserve rate hikes is clear but after that the central bank has to be more cautious about how it proceeds, Dallas Fed President Robert Kaplan told CNBC on Friday. The Fed funds rate...
Activist investor calls for Otis Elevator owner United Technologies to split into three
Activist investor Dan Loeb wants United Technologies to split into three companies, according to a letter from his Third Point hedge fund Friday. “To reverse its years of underperformance and realize the full potential of its franchise assets, we believe...
Cryptocurrencies and blockchain are becoming a hot trend in the job market
The cryptocurrency industry is getting so hot that dedicated career services are popping up. On Thursday, CoinDesk, a leading source of cryptocurrency news and organizer of major industry conferences, launched an online “Career Center” with job listings. It’s “no secret...
Historically low unemployment looks great, but April’s jobs report carries a warning
April’s solid job growth and historically low 3.9 percent unemployment rate are positive signs for the economy, but sluggish productivity growth and tepid wage growth raise red flags. The economy added 164,000 jobs last month, and unemployment fell more than...
These are the 10 best big cities for starting a business in the US
For many people, owning their own business is the American dream. But that dream can be a bit easier to achieve, depending on where you live. Financial website WalletHub took a close look at many metro areas across the country...
The US economy will remain strong for the next three years, 71% of global CFOs believe
Nearly three-quarters of global chief financial officers (CFOs) believe the U.S. economy will remain strong over the next three years, according to a report. Of the 497 CFOs across 30 countries surveyed by Zurich Insurance Group, EY and the Atlantic...
The five most important takeaways from today’s jobs report
Here’s a breakdown of the biggest numbers in Friday’s nonfarm payroll report for April: 1. The good: The unemployment rate fell to 3.9 percent during the month, the lowest level since December 2000, while black unemployment dropped to an all-time...
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Trading education
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