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Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast

Curiously, Elizabeth Warren is taking aim at powerful interests that are deeply loyal to Hillary Clinton. The plot thickens.

Boris Johnson, who lost his tax fight with the IRS last year, now loses his chance to lead post-Brexit Britain

Boris Johnson, one of loudest voices calling for Britain's exit from the European Union, or Brexit, is in the spotlight again. The tumult continues across the pond, as Boris Johnson, described by many as the United Kingdom's version of Donald Trump, has now ended, at least temporarily, his political career. Show More Summary

Recusal? Loretta Lynch 'Removes' Herself From FBI Probe Of Hillary Emails

On Monday evening US Attorney General Loretta Lynch conveniently just happened to meet up with Bill Clinton for a private meeting on her plane on a Phoenix airport tarmac. Despite Lynch promising everyone that the only things that were...Show More Summary

Puerto Rico Faces Record $2B Default July 1st: A Look at the Bonds Due

Puerto Rico Governor Alejandro Garcia Padilla says the island won't pay general-obligation debt coming due on Friday even with President Obama poised to sign a bill that enables the commonwealth to restructure its $70 billion debt load.Puerto Rico and its agencies owe $2 billion of principal and interest. Show More Summary

Puerto Rico will default

Puerto Rico Governor Alejandro Garcia Padilla makes it clear that the commonwealth won’t pay bondholders. ||| New York - Days before a potential historical default, Puerto Rico Governor Alejandro Garcia Padilla made it clear that the...Show More Summary

Deutsche Bank (The Teutonic Titanic) And EU Bank Stocks Post Financial Crisis

Despite the trillions of dollars, pounds, yen, euros pumped into the global financial system since 2008, the banking industry has, for the most part, never fully recovered. The post Deutsche Bank (The Teutonic Titanic) And EU Bank Stocks Post Financial Crisis was originally published at The Wall Street Examiner. Follow the money!

2016 NBA Free Agent Tracker

The NBA Free Agency signing period begins on July 1. Former league MVP Kevin Durant is expected to be the most attractive, attainable free agent on the market. Durant slams home two points in the Oklahoma City Thunder’s 113-99 win Thursday night over the San Antonio Spurs. (AP Photo/Alonzo Adams) NBA Finals [...]

Deutsche Bank is diving

Deutsche Bank shares opened 4% lower in Germany on Thursday after the bank failed the US Federal Reserve's Dodd-Frank stress test. The test measures the ability to respond to an event similar to the financial crisis, and examines 33Show More Summary

A Cautionary Note on the Help Wanted Online Data

A Cautionary Note on the Help Wanted Online Data Tomaz Cajner and David Ratner Federal Reserve, June 23, 2016         Measuring labor demand is one of the crucial tasks in analyzing the labor market. In the case of the United States,...Show More Summary

Google Is About to Use the Fastest Undersea Cable Ever Built 

This post originally appeared on Business Insider. Google has a message for Facebook and Microsoft: Eat our spray. While those two companies have just begun a project to build an undersea cable to speed up internet access to their services, on Thursday, Google will flip the switch on its cable. Show More Summary

Labour members told us whether they think Jeremy Corbyn should stay or go

The future of the Labour Party hangs in the balance, with Jeremy Corbyn refusing to resign as leader despite dozens of MPs resigning from his shadow cabinet and Corbyn losing a vote of "No Confidence" 172 to 40. Corbyn was elected on...Show More Summary

Why a Brexit will be really bad for UK democracy

Britain's decision to leave the EU will be terrible for its democracy, constitutional expert Dr Peter Catterall has told Business Insider's Lianna Brinded on a Facebook Live. Far from benefiting the UK's democracy — an idea many Leave advocates campaigned on — Dr. Show More Summary

Congress sends Puerto Rico rescue bill to president

Congress delivered relief to debt-stricken Puerto Rico on Wednesday, sending President Barack Obama a last-minute financial rescue package to help the U.S. territory of 3.5 million Americans. The Senate passed the bill on a bipartisan 68-30 vote, three weeks after the House overwhelmingly backed...

Santander, Deutsche Bank: U.S. stress test repeat offenders

By David Henry New York (Reuters) - U.S. units of Deutsche Bank and Santander suffered the ignominy of failing U.S. stress tests yet again this year, less than a week after Britain's shocking vote to leave the European Union sent their investors running for cover. Show More Summary

Jessica Williams leaving 'The Daily Show' for new Comedy Central series

Fans of “The Daily Show” lost another connection to the Jon Stewart era with news that correspondent Jessica Williams will be departing the show to work on a new scripted series for the same network, Comedy Central. The network confirmed her departure on Twitter on Wednesday morning: Williams,...

"Deutsche Bank Poses The Greatest Risk To The Global Financial System": IMF

Over three years ago we wrote "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World" in which we introduced a bank few until then had imagined was the riskiest in the world. As we explained then "the...Show More Summary

Wall Street is buying itself

With the Federal Reserve's big test out of the way Wall Street is going on a huge buying binge. That is, it is buying itself. The Dodd-Frank stress tests, which measure whether financial institutions with more than $50 billion in US-based...Show More Summary

Fed Fails Deutsche Bank And Santander In Stress Test, As 31 Other Banks Unleash Dividend, Buyback Frenzy

One week ago, the Fed released the first part of its annual solvency stress test, which found that all 33 bank participants had passed, and would not need additional capital even in a severely adverse scenario which looked as follows: The...Show More Summary

Donald Trump says Mike Tyson won't be a speaker at Republican National Convention

Presumptive Republican presidential nominee Donald Trump is said to be putting together quite a cast of characters from the sports world to appear at next month's national convention in Cleveland. Former boxer Mike Tyson, former NFL coach Mike Ditka, former college basketball coach Bobby Knight...

Nearly All U.S. Banks Pass Fed’s Stress Test

Only Morgan Stanley did not pass unconditionally, and the American subsidiaries of Deutsche Bank and Santander failed outright.

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