Wall Street's Big Six CEOs Have Made $159 Million In Trump-Fueled Bank Rally
Donald Trump Prepares for White House Move, but His Tower May Still Beckon
Photo A doorman at Trump Tower on Friday. Donald J. Trump’s apartment is 58 floors up, and a designated elevator takes him from there to his office on the 26th floor. Credit Ruth Fremson/The New York Times President-elect Donald J. Trump won the White House with an outsider’s populist promise to “drain the swamp” of Washington.Now, as he prepares to assume the presidency, an open question remains about the capital he repeatedly spurned: Just how much is he willing to be..>> view originalWhen Facebook's online ad targeting becomes blatant discrimination
Online advertising's been built around the ability to know exactly who you are. Are you a guitar-playing, cat-owning botanist? You'll get served ads for guitar-shaped catnip hedge grow kits. Google, Twitter, and all other digital platforms where an advertisement can be served—with Facebook leading the charge—want to know everything about you, usually already do, and use that information to convince marketers that the ads you'll see are perfectly targeted to whoever you are (or aren't). That's a..>> view originalIndia's Largest Bank Gets $7 Billion in Deposits as ATMs Run Dry
Indians rushed to deposit 478.68 billion rupees ($7.1 billion) of cash at State Bank of India after the government’s surprise move to abolish high-denomination banknotes, as customers queued for hours to deposit or exchange the old bills and ATMs ran dry.With the banned bills accounting for 86 percent of money out of circulation, there is tremendous pressure on India’s banking system to replenish the cash. There’s adequate money in the currency chests at more than 4,000 locations and re-configu..>> view originalFull Repeal of Dodd-Frank Isn't Main Focus of Trump Transition
WASHINGTON—President-elect Donald Trump vowed anew on Friday to dismantle the 2010 Dodd-Frank financial overhaul, at the same time his transition team is tempering expectations for a full repeal of the sweeping law, people familiar with the matter said. Instead, Mr. Trump’s team is focused on rescinding or scaling back the individual provisions Republicans find most objectionable, such as the Financial Stability Oversight Council’s...>> view originalRenewed optimism for Trump pushes Dow to new record, best week since 2011
NEW YORK, Nov. 11 (UPI) -- Wall Street continued its record Donald Trump-inspired turnaround on Friday by posting yet another all-time high for the Dow Jones Industrial Average. The index climbed another 40 points by the end of trading Friday to finish at 18,847.66 -- its highest finish in history, and just 152 points away from the 19,000-mark. In addition to posting a new record high, the Dow also wrapped its best week since December 2011 -- a gain of more than 5 percent since the opening bell..>> view originalBillionaire Peter Thiel's influence grows in Washington as he is named to Trump's transition team
Peter Thiel speaks during the final day of the 2016 Republican National Convention at Quicken Loans Arena in Cleveland, on July 21. (Andrew Gombert/European Pressphoto Agency) Peter Thiel was named as a member of President-elect Donald Trump’s transition team Friday, a sign of the influence the billionaire tech investor will have in shaping the new administration. Thiel bucked the liberal leanings of Silicon Valley to support Trump and endured immense backlash from his peers as a result. No..>> view originalTrump hammered the Federal Reserve as a candidate. As president, he could quickly reshape it
Donald Trump leveled unprecedented criticism at the Federal Reserve during the campaign. As president, he could get to quickly reshape it — and the economic conditions that central bank policymakers will be facing.Trump will have the opportunity to appoint as many as five new members to the seven-person Fed Board of Governors during his first year and a half in office. That includes a new chairperson to replace Janet L. Yellen, whose term expires in early 2018. While that creates great uncerta..>> view originalDonald Trump Says He May Keep Parts of Obama Health Care Act
The new plans drop all mention of reining in high drug prices, which Mr. Trump had advocated for months, and add new language about modernizing Medicare, a potential nod to congressional efforts to give people vouchers toward buying private health insurance. “Health care is shaping up as a priority for the Trump administration and Republicans in Congress,” said Larry Levitt, an executive at the Kaiser Family Foundation, which closely tracks health policy. “But we still have very little detail a..>> view original
Saturday, November 12, 2016
Wall Street's Big Six CEOs Have Made $159 Million In Trump-Fueled Bank Rally and other top stories.
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