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US Banking Giants Brace For Fourth-Quarter Earnings Amid Mounting Bad Debts, Interest Rate Pressure
Monday, January 8, 2024 - 9:17am | 743Read More...As the U.S.’s prominent banking institutions prepare to report their fourth-quarter earnings, a significant surge in bad debts poses a risk to the growing investor confidence in the sector. What Happened: The Financial Times reported on Monday that non-performing loans at the four largest U.S...
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Banking On Discretion: Maryland And Wells Fargo's Twist On Marijuana Tax Revenue
Friday, August 25, 2023 - 12:49pm | 785Read More...Minnesota has experienced a notable boost in revenue from the sales of hemp-derived THC products like gummies, edibles, and beverages, accounting for a staggering $6 million in sales. The Department of Revenue disclosed a collection of $594,000 from 571 businesses in July alone. This marked the...
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Why Now Is A Good Time To Invest In Real Estate
Thursday, July 30, 2020 - 10:16am | 605Read More...The uncertainty brought about by the pandemic has caused many real estate investors to sit and wait. Although through the uncertainty, real estate continues to be the most favored investment by a majority of Americans. In a recent Gallup poll, 35% of Americans cited real estate as the best long-...
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'Congress Is Protecting The Banks': Senate Votes To Block Consumer Class Action Lawsuits
Saturday, October 28, 2017 - 11:53am | 790Read More...A joint Congressional resolution awaiting President Donald Trump’s signature would unravel a rule blocking financial institutions from forcing customers into arbitration to resolve disputes rather than class-action lawsuits. Tuesday’s 51-50 party-line vote by Senate Republicans...
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Another Reason To Consider Bank ETFs
Thursday, June 2, 2016 - 10:18am | 577Read More...Once lagging financial services stocks and exchange traded funds have recently sprung to life amid speculation the Federal Reserve is nearing its first interest rate increase of 2016, perhaps as soon as this month. However, there are reasons investors should consider ratcheting up exposure to the...
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Saks Gains Buying Power Via Sale To Hudson's Bay (SKS)
Tuesday, July 30, 2013 - 9:39am | 589Read More...Long time luxury retailer, Saks (NYSE: SKS) is being sold to Toronto-based Hudson’s Bay, parent company of Lord & Taylor, for $2.4 billion, according to Forbes. The fact that Saks was for sale was no surprise. Saks hired Goldman Sachs (NYSE: GS) back in May to help it seek out sales or...







