Donald Trump's Point Man on Financial Regulation: A Former Regulator Who Favors a Light Touch
WASHINGTON—Donald Trump has tapped a longtime critic of heavy regulation to flesh out his new administration’s plans for remaking the financial rule book, including the potential dismantling of much of the Dodd-Frank financial overhaul. Paul Atkins served as a Republican member of the Securities and Exchange Commission from 2002 to 2008, where he spoke out against big fines for companies, arguing they punish shareholders. Now Mr. Atkins, 58 years old, is the member of the president-elect’s tra..>> view originalUPDATE 1-Russia upholds LinkedIn ban over data protection fears
(Adds background, details) MOSCOW, Nov 10 (Reuters) - A Russian court on Thursday upheld a decision to block the website of social networking company LinkedIn Corp., Interfax news agency reported, setting a precedent for the way foreign internet firms operate in the country. Russia's Roskomnadzor communications watchdog has said LinkedIn, which has more than 6 million registered users in Russia, was violating a law requiring websites which store the personal data of Russian citizens to do so on..>> view originalDepartment store shares get a boost from upbeat Macy's and Kohl's
Macy's Inc (M.N) and Kohl's Corp (KSS.N) struck an optimistic note going into the holiday shopping season, giving a rare boost to shares of department store operators, which have struggled to grow in the face of intense competition from online retailers.Macy's Inc (M.N) shares were up 6.8 percent and Kohl's 13.4 percent after upbeat comments that accompanied their otherwise lackluster quarterly results on Thursday.Shares of Nordstrom Inc (JWN.N), which reports later on Thursday, were up 8 perc..>> view originalStocks mixed as investors seek clarity on Trump policies
A man walks past an electronic board showing the Hong Kong stock index outside a local bank in Hong Kong, Friday, Nov. 11, 2016. Asian shares were mixed Friday and the dollar recovered, but expectations grew that President-elect Donald Trump's trade ...>> view originalTrump Win Puts a Bullseye on Elizabeth Warren's Banking Watchdog
A day of reckoning has arrived for Elizabeth Warren’s favorite regulator.Republicans -- as well as many lobbyists -- have long vilified the controversial Consumer Financial Protection Bureau for having scant accountability and writing rules that harm banks. Next year when the party controls both the U.S. Congress and White House, they’re finally in a position to do something about it.President-elect Donald Trump could sign legislation proposed by Republicans that would put the agency under Cong..>> view originalAlibaba smashes its sales record on Single's Day, despite concerns of slowing growth
It’s November 11 — 11/11, or Singles’ Day — which is China’s biggest shopping day. A day for records. A big promotion day for Alibaba, which surpassed its sales total from last year’s event hours before it closed, despite concerns around how sustainable its sales growth is. This year, Alibaba marked Single’s Day — the planet biggest online shopping event — with a splashy four-hour show in Shenzhen which include appearances from Hollywood actress Scarlett Johansson, ex-England footballer David ..>> view originalUAW President Says Union Agrees With Donald Trump's View on Nafta
United Auto Workers President Dennis Williams indicated his organization can work with President-elect Donald Trump on key trade issues even though the 81-year-old union supported his opponent and has a long history of backing Democratic Party politicians. Mr. Williams said in Detroit on Thursday he is prepared to talk with Mr. Trump about trade and sees “a great opportunity” to “find some common ground.” Specifically, Mr. Trump has...>> view originalRPT-EMERGING MARKETS-Peso at record low as bond storm batters emerging mkt...
(Repeats to additional subscribers) By Helen Reid LONDON, Nov 11 Emerging markets were hit for a third day running on Friday, with stocks tumbling and Mexico's peso slumping to a record low as Donald Trump's U.S. election win triggered a sharp jump in global borrowing costs. Yields on 10-year U.S. Treasuries, the driver of world borrowing rates, have spiked over 40 basis points in the past two days as investors scramble to readjust their positions to hedge against the uncertainty cau..>> view originalJ.C. Penney Didn't Sell Enough Apparel, and Now Investors Are Frightened
J.C. Penney has earned the unfortunate distinction of being the lone department store to disappoint Wall Street with its earnings this quarter. Brian Sozzi. Follow. Nov 11, 2016 7:57 AM EST. J.C. Penney (JCP) has earned the unfortunate distinction of ...>> view originalBest Buy Black Friday ad reveals $100 Windows laptop deal, $125 iPad Air 2, Pro savings
Best Buy's Black Friday ad features plenty of laptop deals at various price points.With the release of Best Buy's Black Friday ad, the big three of the shopping holiday -- including Target and Walmart -- have now seen their deals revealed. Thus far, they are the only three with deals on the Apple iPad, though their other specials are similar to preceding ads for PCs and tablets, though the sheer breadth of Best Buy's offers outstrips the competition.Like Target, Best Buy has savings on the iPad..>> view original
Friday, November 11, 2016
Donald Trump's Point Man on Financial Regulation: A Former Regulator Who Favors a Light Touch and other top stories.
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