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Federal Reserve’s New Rule to Help Unwind Big Banks

Federal Reserve’s New Rule to Help Unwind Big Banks

On Friday, The Federal Reserve finalized a new rule that would make it easier to unwind important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. This decision was unanimously approved by Federal board members and..

Bannon's Exit Impacts Stock Market

Bannon's Exit Impacts Stock Market

Friday was a happening day both for the White House and the U.S. stock market. Steve Bannon quit as chief strategists, making room for plenty of speculation about what went wrong and whether the exit was voluntary or forced.  Apart from the fac..

Hasbro’s Revenue Exceeds Expectations

Hasbro’s Revenue Exceeds Expectations

Toymaker Hasbro Inc. (NASDAQ: HAS) reached their highest sales in 1-1/2 years after shares dropped 5% at $110.25 and increased stock to about 50% this year due to the demand for their Transformers and Nerf toys in the United States. Most of the comp..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..

JPMorgan Shares fell Despite Earnings Beat

JPMorgan Shares fell Despite Earnings Beat

JPMorgan Chase & Co. (NYSE: JPM) on Friday reported second-quarter earnings that topped analysts’ estimate, but the shares are still down as expectations for interest income are low.The New York-based bank said revenue rose 1.2 percent to ..

J C Penney to Sell Toys at Department Stores

J C Penney to Sell Toys at Department Stores

J C Penney Company Inc. (NYSE: JCP) stock surged jumped 8% after the retailer announced that it is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at JCPenney.com.The company reporte..

Banks Lead Broad Rally, Wall Street Goes Higher

Banks Lead Broad Rally, Wall Street Goes Higher

On Monday, U.S. stocks began the third quarter on a positive note , with bank shares leading a broad rally.Bank of America (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM) helped lift the S&P 500 index, while Goldman Sachs (NY..