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President Trump said he’s behind an international push to ban Chinese tech company Huawei. During a speech at the White House Tuesday, he said he was “responsible” for the recent ban against the telecom giant in the U.K. Officials from the British Digital and Culture Ministry announced they were prohibiting companies from purchasing new equipment …
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The wheels are coming off The Stagecoach. Wells Fargo swung to a big loss in the second quarter, forcing it to set aside billions of dollars to cover possible loan losses ahead as the coronavirus threw a wrench into its efforts to recover from a slew of scandals. The third-biggest US lender posted a net …
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JPMorgan Chase’s second quarter earnings beat analyst expectations, but its profits plunged 51 percent as the coronavirus pandemic weighed on big banks. The mega-bank on Tuesday reported net income of nearly $4.7 billion from April through June, down from about $9.6 billion in the same period last year. Its earnings per share of $1.38 were …
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September in July? Not quite. Because when the Rangers took the ice Monday at their practice rink in Tarrytown — roll that one off your tongues again, folks, the Rangers took the ice on Monday! — this was not the first day of a training camp 2.0. Rather, this was Day 1 in the quest …
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Chatham Asset Management plans to buy the bankrupt McClatchy newspaper chain in the latest hedge-fund takeover of a major news publisher. New Jersey-based Chatham was named the winning bidder Sunday of a bankruptcy auction for the publisher of 30 local newspapers including the Miami Herald, the Sacramento Bee and the Kansas City Star. The companies …
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JPMorgan Chase’s closest local rival in the race to lend out US coronavirus loans wasn’t Citigroup or BNY Mellon — it was a tiny, tech-savvy lender based in New Jersey. Jamie Dimon’s megabank handed out nearly $29 billion of government money to small businesses during the throes of the pandemic shutdown — the most of …
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This year 100-year-old World War II veteran who helped defeat fascism only to endure harsh segregation at home has just won a battle against a new foe – his bank. The JP Morgan Chase bank on Friday agreed to drop its foreclosure case against centenarian James Been over a disputed $100,000 home equity loan issued …
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Remington Arms, America’s oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection and is in advanced talks for a potential sale to the Navajo Nation, The Wall Street Journal reported on Friday. Remington is making preparations for the Native American tribe to serve as the lead bidder to purchase its assets out …
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In an era in which some people are suggesting replacing “The Star Spangled Banner” because of its author’s history, a writer who is described as an leftist “activist and journalist” by Yahoo News has his own choice as to which song should succeed America’s national anthem; John Lennon’s ode to vacuity, “Imagine.” Kevin Powell, who …
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The Federal Reserve is making life a little harder for Jamie Dimon and his fellow big bankers until it gets more clarity on just how painful the coronavirus pandemic will be for the American economy. On Thursday, the Fed unleashed a series of restrictions on bank operations over the next few months, including a hard …
President Trump said he’s behind an international push to ban Chinese tech company Huawei. During a speech at the White House Tuesday, he said he was “responsible” for the recent ban against the telecom giant in the U.K. Officials from the British Digital and Culture Ministry announced they were prohibiting companies from purchasing new equipment …
