``The San Francisco bank acknowledged it charged 570,000 auto-loan borrowers for the unnecessary insurance. Now, the New York Department of Financial Services has subpoenaed records from Wells Fargo and its insurance provider, National General...
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The entire GOP has moved to the right, where Dems have just become slightly less moderate.
The post Asymmetric Polarization appeared first on The Big Picture.
There's not much to encourage Bulls in the daily chart of the USD.
The U.S. dollar's relentless decline this year poses a question: is the USD setting up for a monster rally, or is it in a slow-motion crash? Opinions vary, of course, as to the...
``The claim that the hyperloop would be self-powering was always something of a fudge, counting on miles of track-mounted solar panels to provide a steady power source. But the broader idea was new and compelling: creating a closed system with as...
``US Federal Spending is rising at a staggering $428,253,120 per day while US Federal TAX Revenue is only rising at $129,857,760 per day. That is a ratio of almost 2x... The result? Explosive debt growth.''
In Venezuela, runaway inflation, a collapsing currency, and chronic shortages have battered the South American nation's economy for years. Over the past five years, Venezuela's economy has shrank by a quarter, according to the IMF. Now, as...
``Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine. Futures for the new "bitcoin cash," an alternative version promoted by a...
Navient Busted Herding Student Loan Borrowers Into Default Then Using The Federal Government To Shake Them Down For Money
``Draghi has lately grown accustomed to patting himself on the back. He saved the euro. He saved Europe's big banks. He kept Greece and Italy in the euro currency. His policies have spurred European economic recovery. But Draghi and global...
That's the electric range of a $44,000 version of Tesla's Model 3, unveiled in its final form Friday night. It's a jaw-dropping new benchmark for cheap range in an electric car, and it's just one of several surprises Tesla had in store as it...
The new statement from Fannie Mae makes it clear: the reduced payment can be used, even when the payment is $0. According to Fannie Mae, "if the lender obtains documentation to evidence the actual monthly payment is $0, the lender may qualify...
``And while the rationale for replacing Libor is well understood, there are still no clear alternatives. Ultimately, as Bank of America calculates, "moving an existing $9.6 trillion retail mortgage market, $3.5 trillion commercial real estate...
``Last week, the Senate Committee on Appropriations -- the group that determines spending legislation in the Senate -- reapproved an amendment that would keep U.S. Attorney General Jeff Sessions far away from medical marijuana.... The committee...
Manhattan's property sales dollar volume plummeted 55 percent year-over-year in the first half of 2017, according to Real Capital Analytics. Some brokers claim these six months were the quietest stretch since 2008.
Observers agree on the...
``And if recent trends are an indication, the latter will only get worse as Fitch expects Claire's, Sears Holdings and Nine West all to default by the end of the year, pushing the default rate to 9%. "The timing on Sears and Claire's is more...
There is one serious issue that could sink the United Monroe Kiryas Joel deal to split the Town of Monroe. It's about the loss of tax revenue and how those losses could bankrupt the Hudson Valley town.
For some time now there has been a general sense that household incomes are stagnating for a large share of the population, job opportunities are deteriorating, prospects for upward mobility are waning, and economic gains are increasingly...
``Year-over-year vehicle sales overall were down by 5.7% in July. If current trends continue, auto analysts say, carmakers are likely to sell about 17 million vehicles or fewer this year compared with nearly 17.6 million in 2016... the numbers...
``The figures are the first of what will be monthly data on London vault holdings released by the LBMA as part of a push for the greater transparency desired by regulators.''
``Barker noted how the problem was identified in July of last year, but was not disclosed to investors and the public until last week. "Why didn't the company address these issues publicly while they were already dealing with the account scandal...
``Having dismissed the "big, fat, ugly bubble" during his campaign, President Trump seems more than willing - in his apparently desperate search for a win - to embrace the bubble now. Continuing the trend over the weekend, Trump's first tweet of...
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