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They've Learned Nothing: I Went to a Wells Fargo Branch, this is What Happened Next

An algorithm had decided it was time to cross-sell; and she had to cross-sell to finish her job. That credit card promo was the next step in the procedure... After she got rid of that promo page, and elegantly handled another topic she...Show More Summary

Housing Bust 2? Subprime No-Down-Payment Mortgages Surge, "Shadow Banks" Dominate (+GOVERNMENT PICKS UP TAB)

These shadow banks dominate in mortgages that are insured by the FHA and the VA, including no-down-payment and low-down-payment mortgages for buyers with subprime credit ratings, the riskiest mortgages out there. Thus, FHA and VA backed...Show More Summary

Goldman Continues to Bleed Staff

Last week's notice brings this year's job-cut tally to 443. With the run of notices, seven since the start of the year, the bank has signaled its intention to dismiss hundreds of employees in New York without placing a single, headline-grabbing...Show More Summary

Stocks slide amid lower oil prices, mixed earnings; Apple drops 3% On Sales Disappoint

``U.S. equities fell on Wednesday, pressured by a mixed bag of quarterly corporate results and falling oil prices... Apple posted a better-than-expected quarterly profit Tuesday after the close, but fell short of expectations on sales. Show More Summary

Buying A House: How To Deal With Tough Competition

Buying a house in a hot market requires a cool head. Consequently, would-be buyers must be prepared to act fast and pursue effective strategies to win their desired dwelling.

Offshore Yuan Trades Near Record Low as PBOC Seen Allowing Drop

The offshore yuan traded near a record low as Chinese policy makers signaled they are willing to allow greater currency flexibility amid a slump in exports and an advance in the dollar....The Chinese currency has come under increased pressure on signs that investors are taking more money out of the country. Show More Summary

City Construction Set to Beat 2007 Peak

Construction across New York City this year is projected to surpass a spending peak in 2007, near the end of the last real estate boom. A new estimate by the New York Building Congress, an industry group, puts construction spending at...Show More Summary

Faber on why commodity prices will rise, oil to hit $70 soon

``"The need for infrastructure in Asia is huge. They have to build roads. You go to Jakarta, Manila, the infrastructure is a catastrophe," he told CNBC's "Street Signs," adding that to accommodate tourists, Asian countries needed to build airports and railways. "You cannot ship that many people by airplanes. There's no space."''

Home Values Continue Impressive 61-Month Climb

Home values are up another 6 percent, spurred by low mortgage rates and high buyer demand. Is it time to enter the market?

Subprime Early Payment Defaults Are Back... in Credit Cards

Nearly 3% of outstanding balances on credit cards issued in 2015 were at least 90 days behind on payments six months after they were originated. That compares with 2.2% for cards that were given out in 2014 and 1.5% for cards in 2013. Show More Summary

The eurozone is turning into a poverty machine

We are all tediously aware of how the euro-zone has been a financial disaster. But it is now starting to become clear that it is a social disaster as well. What often gets lost in the discussion of growth rates, bail-outs and banking harmonisation is that the eurozone is turning into a poverty machine. Show More Summary

Barclays Warns ‘Politics of Rage' Will Slow Global Growth

Trade volumes have stalled while the "politics of rage" has taken root in advanced economies, driven by a collapse in the perceived legitimacy of political and economic institutions, a new report from Barclays Plc warns. The result,Show More Summary

Caterpillar Stung by Global Economic Funk

``Caterpillar's third-quarter profit was essentially cut in half with the global economy stuck in a funk, and the company said that it expects that malaise to extend into next year.... Falling commodity prices on the farm, in the mines, and in the oil patch have forced a deep reduction in equipment spending.''

Stocks mostly lower as earnings hit consumer companies

``U.S. stocks are mostly lower Tuesday morning as company earnings continue to stream in. Consumer companies are falling as athletic apparel maker Under Armour and appliance maker Whirlpool suffer hefty losses. However strong results for household goods maker Procter & Gamble send its stock higher.''

How To Compete With International Cash Buyers

First-timers face a new obstacle in their quest for homeownership -- having to compete with cash buyers from other countries. You can win a bidding war against a competitor with cash with these strategies.

Trump Leaves Name Off New Millennial-Friendly Luxury Hotel

Late last month, the Trump Organization announced that its increasingly controversial name would not adorn its new brand of upscale hotels geared toward younger travelers...However, Trump Hotels isn't the only leisure chain to launch a separate brand aimed at the Airbnb generation -- Marriott recently introduced Moxy, and Hilton debuted Canopy. Show More Summary

Calais 'Jungle': France begins clearing migrant camp

French authorities began clearing the "Jungle" refugee camp on Monday, busing out more than 2,000 people by the afternoon as the country readies to raze the patch of wasteland where thousands have made temporary homes. An old hangar in the port city of Calais was converted into a processing center for between 6,000 and 10,000 migrants. Show More Summary

The Undercurrent of Currency Issues (... HAVE FED STUCK!)

The dirty little secret the ECB and Bank of England won't openly admit to--nor the Bank of Japan for that matter--is that they are just fine with their respective currencies continuing to weaken. They are all angling to jumpstart economic growth and inflation, and a weak currency helps in that pursuit. Show More Summary

Slowdown hits U.K.'s Brexit economy with 0.3% growth forecast

London: The UK economy appears to be weathering Brexit better than many expected, but it's still heading for its weakest performance in a year. After a 0.7 per cent expansion in the second quarter, economists in a Bloomberg survey anticipate just 0.3 per cent in the three months since the vote to leave the EU. Show More Summary

As China's Economy Slows, a Look at What Could Happen

So why can't China just spend its way out of its slowdown?...The problem is that China's debt burden is so much larger than ever before -- both in absolute terms and compared with the economy. At the same time, recent efforts to support...Show More Summary

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