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January 18, 2021

Financial

Biden to nominate Gary Gensler for SEC commissioner, Rohit Chopra to lead Consumer Financial Protection Bureau

CNN
USA TODAY – For more and to sign up click here President-elect Joe Biden is expected to nominate Gary Gensler to serve as the commissioner of the Securities and Exchange Commission and Rohit Chopra to lead the Consumer Financial Protection Bureau, a source familiar with the decision tells CNN. Source......

Why getting the Covid-19 vaccine will be good for America’s financial health

CNBC
CNBC – For more and to sign up click here Florida Department of Health medical workers prepare to administer a COVID-19 vaccine to seniors in the parking lot of the Gulf View Square Mall in New Port Richey near Tampa, Florida, U.S. December 31, 2020. Octavio Jones | Reuters The......

EU stance on financial services after Brexit is “problematic” – BoE’s Bailey

Reuters
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that the European Union’s......

Fed’s Evans calls for possible revamp of U.S. financial regulation

Reuters
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo/File Photo (Reuters) – Chicago Federal Reserve President Charles Evans on Tuesday raised the possibility that U.S. financial regulation and supervision may......

Fed’s Evans calls for possible revamp of U.S. financial regulation

Reuters
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo/File Photo (Reuters) – Chicago Federal Reserve President Charles Evans on Tuesday raised the possibility that U.S. financial regulation and supervision may......

Indian shares retreat from record highs; financial stocks, Reliance fall

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 26, 2016. REUTERS/Shailesh Andrade/Files BENGALURU (Reuters) – Indian shares fell on Tuesday after notching record highs in the first two sessions of the new year, with financial stocks and market heavyweight Reliance weighing......

The legacy of 2020: Riches for the wealthy and White, financial pain for others

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange (NYSE) in lower Manhattan. Spencer Platt | Getty Images The legacy of 2020 will endure in America’s collective memory for many reasons: a deadly pandemic, a vicious presidential election. It also brought the most severe......

Low-wage workers in 20 states will get a raise on New Year’s Day

CBS News
CBS News – For more and to sign up click here Watch CBSN Live Some American workers will start the new year with a financial boost. On January 1, the minimum wage increases in 20 states. CBS MoneyWatch reporter Aimee Picchi shares the details with CBSN. Copyright © 2020 CBS......

FTSE 100 suffers worst year since financial crisis

BBC
https://www.bbc.co.uk/news/business-55500103 “The factors which worked against the FTSE-100 in 2020 – the pandemic, a deep recession and Brexit – will start to fade into the background, giving corporate profits, dividends and employment a chance to bounce back,” said Russ Mould, investment director at AJ Bell. BBC – For more and......

Appeals court sends lawsuit over Trump financial records back to lower court

CNBC
CNBC – For more and to sign up click here U.S. President Donald Trump arrives to speak about the administration’s coronavirus disease (COVID-19) testing plan in the Rose Garden at the White House in Washington, September 28, 2020. Carlos Barria | Reuters A federal appeals court Wednesday kicked a legal......

India’s financial sector faces challenging times ahead – RBI

Reuters
MUMBAI (Reuters) – India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand for loans, the Reserve Bank of India (RBI) said in a report on Tuesday. FILE PHOTO: A worker walks past the logo of Reserve Bank of......

Pope Francis Strips Powerful Vatican Office of Its Financial Assets

New York Times
New York Times – For more and to sign up click here ROME — Pope Francis has stripped the Vatican’s most powerful office of its significant financial assets, the Vatican said Monday, after dubious investments squandered millions of euros in church donations, sparking an embarrassing scandal and prompting an ongoing......

China financial regulators urges Ant Group to set ‘rectification’ plan swiftly

Reuters
BEIJING (Reuters) – China’s financial regulators urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it needs to perform. A sign of Ant Group is seen during the World Internet Conference (WIC)......

Brexit offers Britain chance to do financial services differently -minister

Reuters
LONDON (Reuters) – Brexit offers Britain a chance to do things differently in financial services, finance minister Rishi Sunak said on Sunday, but a trade deal with the European Union gives reassurance that there will be co-operation on the regulatory approach to sector. “Now that we’ve left the European Union,......

Here’s how financial advisors say Americans should use those $600 stimulus checks

CNBC
CNBC – For more and to sign up click here Karol Serewis/SOPA Images/LightRocket via Getty Images Financial advisors recommend various uses for this extra cash, depending on individual and family circumstances. Unemployed workers may need the money for basic living expenses. Some who have fallen behind on bills such as......

Op-ed: ‘Investor alpha’ is the most important financial strategy for 2021

CNBC
CNBC – For more and to sign up click here jayk7 | Moment | Getty Images This has been the year of unpredictability. The pandemic, including self-quarantining for months, is top of mind for people around the globe. The many other surprises this year include the fastest bear market in......

New demands stalling $900 billion COVID-19 relief bill

CBS News
CBS News – For more and to sign up click here The $900 billion relief bill is hanging in the balance after GOP Senator Pat Toomey tried to insert a provision. Nancy Cordes shares the latest. Source link To Return to the Main Aggregate News Page – click here...

Americans struggle to feed families amid COVID-19 financial fallout

CBS News
CBS News – For more and to sign up click here Americans are relying on food banks, going hungry as they struggle financially during the pandemic. Mark Strassmann has more. Source link To Return to the Main Aggregate News Page – click here...

How did you do on financial goals for 2020? Here’s what to do for a better 2021

CNBC
CNBC – For more and to sign up click here Hero Images | Hero Images | Getty Images The coronavirus pandemic threw everyone for a loop in 2020. And as the year winds down, it’s time to reflect, reset and prepare for 2021. It may be especially important for families......

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