Finance news

• Donald Trump’s red tape bonfire is a boost to banks

  12-02-2017 22:30 via news.yahoo.com
  
  When Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law in July 2010, he conceded that “passing this Bill was no easy task”. When President Obama had taken office in January 2009, the global financial crisis caused by the near-collapse of the banking system was at its height. Dodd-Frank was his solution for ensuring such a meltdown could never happen again.
  
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• Macy's could have 50 percent upside in a sale - Barron's

  12-02-2017 20:24 via news.yahoo.com
  
  Macy's Inc could see its shares rise by 50 percent in a potential sale, as the struggling retailer looks to turn around its business by downsizing its physical-store operations and reinvesting in its online presence, Barron's said on Sunday. The Cincinnati-based company, which in recent years has become the sixth-largest online retailer, is a bargain for investors despite Wall Street's gloomy outlook with management's plans to close 100 underperforming stores, which could increase its stock by 2
  
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• Insider Q&A: Duke University expert James Cox on SEC future

  12-02-2017 18:19 via news.yahoo.com
  
  WASHINGTON (AP) — President Trump has named Jay Clayton, a Wall Street attorney who worked on mergers and IPOs, to head the Securities and Exchange Commission. Last week Trump ordered a review of the 2010 Dodd-Frank law, which reshaped regulation of the banking industry after the financial crisis. He called the law a "disaster."
  
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• Major winter storm due to pound U.S. Northeast, disrupt flights

  12-02-2017 17:55 via news.yahoo.com
  
  A major winter storm is expected to dump 8 to 16 inches (20 to 40 cm) of snow on parts of the U.S. Northeast on Sunday night and Monday, prompting storm warnings from upstate New York to northern Maine, the U.S. National Weather Service said. The weather stands to disrupt travel, likely to result in major airline delays and cancellations, and slow economic activity in much of New England, AccuWeather.com reported. A low-pressure system tracking eastward across the Ohio Valley and Mid-Atlantic re
  
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• Northern Ireland's peace generation frozen out by politics of war

  12-02-2017 13:59 via news.yahoo.com
  
  By Amanda Ferguson and Conor Humphries BELFAST/BESSBROOK, Northern Ireland (Reuters) - The sudden collapse of a power-sharing agreement that ended decades of violence in Northern Ireland has angered a younger generation who feel robbed of their future by the failure of politicians to get over the sectarian prejudices of the past. The confrontation has exposed the frustrations of younger people over what they say is a breakdown in trust between Catholic Irish nationalists and pro-British Protesta
  
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• IMF's Lagarde 'optimistic' about US economy

  12-02-2017 12:39 via news.yahoo.com
  
  DUBAI: International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world. “From the little we know, and I will insist on the little we know, because this is really work in progress... but from the little we hear, we have reasons to be optimistic about economic growth in the United States,” Lagarde said at the annual World Government Summit in Dubai. Lagarde pre
  
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• IMF's Lagarde says worried about European elections

  12-02-2017 12:06 via news.yahoo.com
  
  By Alexander Cornwell DUBAI (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Sunday that she was worried about the result of looming elections in Europe, though she insisted the euro zone was making progress in resolving its economic problems. "I am worried, as we all are, about some of these elections," Lagarde told an international conference of economic policy makers and academics in Dubai, when asked about this year's votes in France, the Netherlands and Ge
  
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• IMF head: Trump good for US economy for now as trouble looms

  12-02-2017 11:05 via news.yahoo.com
  
  DUBAI, United Arab Emirates (AP) — The head of the International Monetary Fund says U.S. President Donald Trump taking office is likely good for the U.S. economy in the short term, though rising American interest rates and a strengthening dollar will challenge global trade.
  
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• Defections by Sears, Kmart cap week of controversy for Trump brands

  12-02-2017 00:56 via news.yahoo.com
  
  (Reuters) - Trump-branded consumer products have suffered new blows, with U.S. retailers Sears Holdings Corp and Kmart Corp discontinuing online sales of 31 Trump Home items, while new details emerged showing sales of Ivanka Trump's brand fell in the weeks before Nordstrom Inc stopped carrying her products. Sears and Kmart disclosed their decision on Saturday, even as the Wall Street Journal reported that Nordstrom sales of Ivanka Trump's brand had dropped sharply before the retailer discontinue
  
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