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San Francisco to Wipe Away Decades of Marijuana Convictions

San Francisco to Wipe Away Decades of Marijuana Convictions

Thousands of people convicted of marijuana offenses in this city going back to 1975 will have their convictions dismissed or reduced, San Francisco’s district attorney said Wednesday.

Published 4 months ago

Distressed debt investors line up to offer HNA financing

Distressed debt investors line up to offer HNA financing

Chinese conglomerate seeks up to $2bn secured against Hong Kong land holdings

Published 1 second ago

New Fiscal Worry: Too Much Short-Term Borrowing as Deficit Climbs

New Fiscal Worry: Too Much Short-Term Borrowing as Deficit Climbs

The Treasury Department said it will need to issue more debt this quarter to accommodate rising budget deficits, and it also plans to adjust the size of its debt auctions beginning next month in response to the Fed’s moves to shrink the size of its bond portfolio.

Published 4 months ago

Facebook shares drop as users spend less time browsing

Facebook shares drop as users spend less time browsing

Slowdown began even before the social network is to shake up its news feed

Published 1 second ago

Facebook Posts 61% Rise in Operating Profit in the Fourth Quarter

Facebook Posts 61% Rise in Operating Profit in the Fourth Quarter

Facebook reported a big tax charge but said quarterly operating profit rocketed, a stark reminder of its continued dominance in digital advertising despite mounting criticism against the social network.

Published 4 months ago

Trump’s words are disconnected from his actions

Trump’s words are disconnected from his actions

State of the Union call for unity comes as president attacks at home and abroad

Published 1 second ago

Subprime US car lenders fall on bad debts

Subprime US car lenders fall on bad debts

Santander Consumer and Credit Acceptance raise concerns about blue-collar America

Published 1 second ago

How J.D. Power Was Acquired by a Chinese Company Shrouded in Mystery

How J.D. Power Was Acquired by a Chinese Company Shrouded in Mystery

Hong Kong’s XIO Group, which acquired the U.S. auto-rating firm in 2016, is now embroiled in a dispute about the source of XIO’s funding. The legal fight represents one downside of China’s overseas investing splurge.

Published 4 months ago

Yellen era ends with Fed rate rise set for March

Yellen era ends with Fed rate rise set for March

Inflation outlook strengthens and jobs market heats up as case builds for further tightening

Published 1 second ago

FBI cites ‘grave concerns’ over Russia probe memo

FBI cites ‘grave concerns’ over Russia probe memo

Bureau challenges accuracy of document criticising its use of surveillance

Published 1 second ago

Monkey testing reveals the noxious air of German industry

Monkey testing reveals the noxious air of German industry

The carmakers’ scandal exposes a deep malaise in the country’s corporate elite

Published 1 second ago

EU banking authority to test banks for 8.3% post-Brexit slump

EU banking authority to test banks for 8.3% post-Brexit slump

Regulator plans to see how lenders would cope in doomsday scenario

Published 1 second ago

FBI Urges White House Not to Release Contested Memo on 2016 Campaign

FBI Urges White House Not to Release Contested Memo on 2016 Campaign

The FBI on Wednesday urged the White House not to release a memo detailing what Republicans allege were surveillance abuses during the 2016 election campaign, a move that President Donald Trump has said he is inclined to do.

Published 4 months ago

Republican Rep. Trey Gowdy to Leave Congress at End of Term

Republican Rep. Trey Gowdy to Leave Congress at End of Term

House Oversight Committee Chairman Trey Gowdy announced Wednesday that he will leave Congress after this year, the 40th House Republican to resign or announce he won’t stand for re-election.

Published 4 months ago