As recently as last month, during one of the regular meetings of the Economic Club’s financial think tank in DC, the chairman of the JPMC shared some vital insights as to what he thinks waits for the US business round the corner. Dimon addressed a wide array of topics from the need for the Federal…
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If Hillary Clinton wins, here’s what will happen to the US market
With their stances on basically any financial issue, from taxation to regulation being so vastly different – it’s hard to imagine how opposite the effects of either Clinton’s or Trump’s fiscal policy would be… This time, we will try to analyze what will be the market’s reaction to the election of Hillary Rodham Clinton as…
California launches criminal probe into Wells Fargo account scandal
Most likely everyone still has a fresh memory of the recent Wells Fargo scandal. Well, turns out that the judiciary system of California also does… In a new unexpected development, state’s Attorney General Kamala Harris have given a command on a seizure warrant against the bank that seeks customer records and other documents
3 States to Avoid in Retirement
With so many local differences in how the states deal with the retirement issues, we’ve decided that compiling an ultimate list will be a good idea. Three states mentioned here are, in our opinion, the worst places to live based on living costs, taxes and other factors crucial to anyone who’s calling it quits. Nearing…
Saudis Launch Sale of $17.5 Billion in Bonds Amid Oil Glut
Following the fact that during the last 2 years the oil prices have dropped so dramatically, the economies like a Saudi’s one, which depend completely on this kind of an export are in a free fall. So this move to earn some additional money by selling the state bonds is a way out. So as…
How One Goldman Sachs Trader Made More Than $100 Million
With so much of post-DoodFrank regulation in place for the Wall Street gamblers, this kind of an earning serves either as a flashback to “good” old times, when the risk was a part of the game or simply is a telling sign that even the overregulated Wall Street still likes and wants to play the…