Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. Denis Balibouse | Reuters Deutsche Bank CEO Christian Sewing conceded his firm should never have taken accused child sex trafficker Jeffrey Epstein as a client in 2013, but said
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Companies bundling stocks together in ‘index funds’ have now become publicly traded firms’ largest shareholders. The FT explains why the rise of the ‘big three’ firms, Vanguard, Blackrock and State Street, may be cause for concern. More from ‘Charts that count:’ https://bit.ly/2YRospN ► Subscribe to FT.com here: http://bit.ly/2GakujT Follow us on Twitter: https://twitter.com/fincancialtimes Check us
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A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to
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The average age of new coronavirus patients has dropped by roughly 15 years compared with only a few months ago as the coronavirus reignites in America’s Sun Belt, White House health advisor Dr. Anthony Fauci said Monday. Fauci, director of the National Institutes of Allergy and Infectious Diseases, said during a Q&A discussion with Dr. Francis
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If you’re in the market for a house and are considering an “interest-only” mortgage, proceed with caution. With tightened lending standards amid ongoing economic uncertainty — coupled with continually rising home prices and persistent low interest rates — some borrowers may gravitate to these so-called interest-only loans, experts say. These are loans where you only
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Natasha Alipour Faridani | DigitalVision | Getty Images The government’s release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans. The data released by the Small Business Administration and Treasury
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People pass by the Salesforce Tower and Salesforce.com offices in New York City, March 7, 2019. Brendan McDermid | Reuters What seemed like a few decades ago, I mean in February, people used to occasionally ask “How’s business?” Despite usually responding, “Fine, thanks,” I would often think of the inquiry as two-part. One, and probably
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Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research
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People wait for health assessment check-in before entering Jackson Memorial Hospital, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., June 18, 2020. Marco Bello | Reuters The United States needs a unified approach to tackle the rising cases of coronavirus infection
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Tim Robberts Saving for retirement can be hard. Planning how to spend that nest egg — while ensuring the money doesn’t run out — is harder. But there’s good news: Americans can build a simple, low-cost retirement plan using just Social Security and savings, according to experts. From an academic standpoint, the “optimal” retirement strategy combines two
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Warren Buffett‘s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.
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The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases. “The data was collected through the middle of June,”  the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June
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An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines on Thursday told staff it has more than 20,000 employees it doesn’t need for its reduced fall schedule as the carrier and its competitors face weak demand for air
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Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions
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kate_sept2004 Pandemic first-aid kit You need seven things, according to Jeff Weinstein, a paramedic and medical operations supervisor for Global Rescue, which provides medical and crisis response service to travelers.  It’s likely you already have three: masks, hand sanitizer and disinfectant wipes. Carry isopropyl alcohol wipes and use them to wipe down your phone. Major smartphone
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