Fed's Bullard wanted bigger rate cut because US manufacturing 'appears in recession'
St. Louis Fed President James Bullard wanted the Fed to cut rates by 50 basis points.
Financials
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Papa John's donates $30K to Kentucky college after pulling scholarship money
The state's only historically black college and the American pizza franchise are trying to figure out is who responsible for revoking scholarships.
SoFi lands naming rights for LA NFL stadium
Personal finance startup SoFi landed the naming rights for the new NFL stadium in Los Angeles.
$35M vanishes as payroll company abruptly closes
The New-York based company allegedly vanished with nearly $35 million in payroll funds from customer firms, directly impacting employees who had been receiving direct deposits from the firm on a bi-weekly basis.
UAW president is unnamed co-conspirator in corruption probe: Report
The report is another blow to the union's reputation.
Key points in the financial crisis, 11 years after Lehman's failure
Lehman’s bankruptcy was just one of a string of events that unleashed mayhem on the economy.
Stanford accepted $50,000 donation from Jeffrey Epstein
The donation came two years before allegations about the disgraced financier’s sexual misconduct with young girls began making the news.
SoftBank expected to buy WeWork shares worth $750M in IPO: Report
SoftBank Group Corp. is planning to buy $750 million of the shares in WeWork’s upcoming initial public offering, according to a report from The Wall Street Journal.
Trump: Illegal immigration costs US over $300B a year
President Trump promised to cut the costs of illegal immigration in a tweet on Friday.
London Stock Exchange rejects Hong Kong takeover offer
Earlier this week, the Hong Kong Stock Exchange said it started talks to buy the LSE.
Trade war: China says US soybeans, pork to be exempt from tariff hikes
The official Xinhua News Agency announced the move Friday, cited unidentified official sources, but gave no details.
California tests face creams after mercury poisoning leaves woman comatose
A California woman was using facial cream that’s in part intended to lighten skin and remove wrinkles. She's now hospitalized.
Google to pay over $1B to settle France tax disputes
Alphabet Inc's Google unit will pay more than $1 billion in fines and back taxes in order to settle tax disputes in France.
Budweiser brewer reportedly plans for slimmer IPO in Hong Kong
The world’s largest brewer, with brands like Budweiser and Corona, said in a statement Thursday they were aiming to go a little lighter.
ECB cuts rates deeper into negative territory, relaunches massive stimulus plan
The ECB makes another bold move.
'Biggest challenge of my life': World Trade Center developer describes rebuilding after 9/11
The anniversary of 9/11, when America remembers the deadliest attack on its soil in history, is an appropriate time to look up Larry Silverstein.
Hong Kong's London Stock Exchange bid may get more interesting: Fmr. NYSE CEO Dick Grasso
There is lots of money in exchanges these days.
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