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Yellen may restore Treasury-Fed cooperation, with eye on GOP
As Treasury secretary, Janet Yellen is almost certain to pursue tighter coordination with the Federal Reserve next year — repairing recent frictions — though observers say she will be careful […]
States suing Purdue Pharma press for confidential Sackler documents
States suing Purdue Pharma over the marketing of its OxyContin painkiller are demanding access to confidential documents as part of a probe into whether some members of the billionaire Sackler […]
Sinclair writes down its sports networks by $4.23B
Hunt Valley-based Sinclair Broadcast Group Inc. wrote down the value of its regional sports networks by $4.23 billion, an admission that it grossly overpaid for cable channels hobbled by cord […]
US companies add fewer jobs than forecast, ADP report shows
U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic […]
Banks pile up fines under Trump, casting light on misconduct
Giant banks have racked up more than $4 billion in U.S. penalties in a wave of settlements weeks before the presidential election. That says a lot about an industry that […]
US trade deficit narrows for first time in 3 months
The U.S. trade deficit narrowed for the first time in three months as exports jumped and import growth slowed, though overall transactions remained well below pre-pandemic levels. The gap in […]
Gold trims monthly loss with dollar slipping ahead of US vote
Gold advanced, trimming a monthly loss, as the dollar slipped in the final days before next week’s pivotal U.S. presidential election. Uncertainty remains high before the Nov. 3 vote, lifting […]
Under Armour rises as sales, full-year guidance both beat
Under Armour Friday posted third-quarter sales that beat estimates, a sign the sportswear brand is getting a boost from consumer preference for comfy sportswear in 2020. The company also announced […]
A $50 billion housing bond market is stuck in regulatory limbo
A $50 billion bond market once heralded as the future of housing finance has been stuck in limbo since the start of the coronavirus crisis, and now proposed regulatory changes […]
Working from home can be done right
The COVID-19 pandemic has crushed the economy, sent joblessness soaring, and killed over a million people worldwide. But there are a few ways in which the pandemic may prompt society […]
Wall Street’s biggest banks are muscling into small deals
Wall Street’s biggest banks traditionally shied away from getting their hands dirty advising on small mergers and acquisitions. Too much work for the modest fees, so they focused on the […]
Walmart’s next health foray? Medicare Advantage plans
Walmart will make its first foray into the fast-growing market for privately managed Medicare Advantage plans next year with two products for Georgia seniors jointly branded with insurance startup Clover […]
