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GAM says ‘significant’ conduct concern prompted manager’s suspension

GAM says ‘significant’ conduct concern prompted manager’s suspension

Bond fund manager was suspended last week, prompting unusual block on redemptions

Published 1 second ago

There is no need to panic: ‘fake news’ will ultimately lose

There is no need to panic: ‘fake news’ will ultimately lose

In today’s more open societies, lying politicians will be caught out by reality checks

Published 1 second ago

Facebook to Banks: Give Us Your Data, We’ll Give You Our Users

Facebook to Banks: Give Us Your Data, We’ll Give You Our Users

Facebook has asked large U.S. banks to share detailed financial information about customers, including card transactions and checking account balances, as it seeks to boost user engagement.

Published 2 months ago

U.S. to Reimpose Sanctions Targeting Iranian Economy

U.S. to Reimpose Sanctions Targeting Iranian Economy

The measures are the first economic action President Trump has taken against Iran since announcing in May that the U.S. was withdrawing from the 2015 Iran nuclear accord.

Published 2 months ago

PepsiCo CEO Indra Nooyi to Step Aside

PepsiCo CEO Indra Nooyi to Step Aside

PepsiCo’s longtime leader Indra Nooyi will step aside as chief executive, handing the future of the company to one of her lieutenants at a time when shifting consumer tastes are roiling the soda and snacks markets.

Published 2 months ago

MoviePass Slashes Offering to Three Films a Month

MoviePass Slashes Offering to Three Films a Month

Short on cash, battered by investors and pronounced dead by critics recently, MoviePass will soon begin limiting customers to three movies a month, a major change from its current allowance of one a day.

Published 2 months ago

New FDIC Leader Joins Push to Re-Evaluate Banking Rulebook

New FDIC Leader Joins Push to Re-Evaluate Banking Rulebook

Jelena McWilliams, chairman of the FDIC, says in her first interview since her swearing in, that she is ready to re-evaluate rules on bank capital, small-dollar loans and investments in low-income areas.

Published 2 months ago

Trump Defends Son’s Meeting With Russian Lawyer

Trump Defends Son’s Meeting With Russian Lawyer

President Trump acknowledged that a meeting his son held with a Russian government lawyer in June 2016 was an attempt “to get information on” Democrat Hillary Clinton but defended the encounter as “totally legal.”

Published 2 months ago

MoviePass Slashes Offering to Three Films a Month

MoviePass Slashes Offering to Three Films a Month

Short on cash, battered by investors and pronounced dead by critics recently, MoviePass will soon begin limiting customers to three movies a month, a major change from its current allowance of one a day.

Published 2 months ago

The LeBron James Interview About Bicycles

The LeBron James Interview About Bicycles

LeBron James is arguably the world’s greatest basketball player. He’s also a serious cyclist, and he’s giving every student at his new school a bicycle in part because it changed his own life when he was a kid. “It was a way of life,” LeBron said. “If you had a bike, it was a way to kind of let go and be free.” In an interview with Jason Gay, the NBA superstar holds court about bikes.

Published 2 months ago

Iranians Protest Economic Woes as New U.S. Sanctions Loom

Iranians Protest Economic Woes as New U.S. Sanctions Loom

Thousands of protesters have taken to Iran’s streets in recent days in the biggest wave of unrest since January, calling for financial help and regime change as the U.S. prepares to impose new sanctions on the country.

Published 2 months ago

U.S. Officials Push New Penalties for Hackers of Electrical Grid

U.S. Officials Push New Penalties for Hackers of Electrical Grid

Top administration officials are devising new penalties to hit back more forcefully at state-sponsored hackers of critical infrastructure to deter attacks such as the successful penetration of U.S. utilities by Russian agents last year.

Published 2 months ago

New FDIC Leader Joins Push to Re-Evaluate Banking Rulebook

New FDIC Leader Joins Push to Re-Evaluate Banking Rulebook

Jelena McWilliams, chairman of the FDIC, says in her first interview since her swearing in, that she is ready to re-evaluate rules on bank capital, small-dollar loans and investments in low-income areas.

Published 2 months ago

Trump Defends Son’s Meeting With Russian Lawyer

Trump Defends Son’s Meeting With Russian Lawyer

President Trump acknowledged that a meeting his son held with a Russian government lawyer in June 2016 was an attempt “to get information on” Democrat Hillary Clinton but defended the encounter as “totally legal.”

Published 2 months ago