Banking and credit

FILE - In this Dec. 14, 2007 file photo, a traveler uses a Delta SkyMiles credit card to buy an airline e-ticket at the Bob Hope Airport in Burbank, Calif. American Express and Delta Airlines extended their credit card partnership through 2029, the companies jointly announced Tuesday, April 2, 2019, a significant extension of one of the larger financial partnerships between a major U.S. airline and a credit card company. Delta also raised its outlook for first-quarter profit, helping to lift its shares and the shares of other airlines. (AP Photo/Damian Dovarganes, File)
April 02, 2019 - 1:20 pm
NEW YORK (AP) — American Express and Delta Air Lines extended their credit card partnership through 2029, the companies jointly announced Tuesday, a significant extension of one of the larger financial partnerships between a major U.S. airline and a credit card company. Separately, Delta raised its...
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FILE - In this Jan. 21, 2019 file photo, International Monetary Fund Managing Director Christine Lagarde briefs the media during a news conference at the annual meeting of the World Economic Forum in Davos. The head of the 189-nation International Monetary Fund said Tuesday, April 2 the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world’s two biggest economies. Lagarde said the IMF does not forecast a recession in its updated economic outlook to be released next week but she called the current situation “precarious” and vulnerable to policy mistakes. (AP Photo/Markus Schreiber, File)
April 02, 2019 - 9:08 am
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world's two biggest economies. IMF...
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March 30, 2019 - 12:12 pm
NEW YORK (AP) — President Donald Trump's pick for the Federal Reserve Board was found in contempt of court for failing to pay $300,000 in alimony and other payments related to a divorce, according to a report by The Guardian. Stephen Moore was reprimanded by a judge in November 2012 for not paying...
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FILE - In this Feb. 7, 2019 file photo White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington. On Friday, March 29, 2019, Kudlow called on the Federal Reserve to cut its key interest rate by a half-percentage point. Kudlow said that the Fed should do more to help the economy by cutting rates. It signaled last week that it expected to keep rates unchanged for this entire year after raising its benchmark rate four times in 2018 to the current level of 2.25 percent to 2.5 percent. (AP Photo/Susan Walsh, file)
March 29, 2019 - 3:08 pm
WASHINGTON (AP) — A top Trump administration official on Friday called on the Federal Reserve to cut its key interest rate by a half-percentage point. Larry Kudlow, head of the president's National Economic Council, said in an interview with CNBC that the Fed should do more to help the economy by...
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FILE- In this March 7, 2019, file photo specialist Anthony Rinaldi, left, and trader Michael Urkonis work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, March 29. (AP Photo/Richard Drew, File)
March 29, 2019 - 2:01 pm
Stocks finished broadly higher on Friday as Wall Street closed out the first quarter with the market's biggest gain in nearly a decade. The benchmark S&P 500 index is now up 13.1 percent this year, a drastic turnaround for stocks after a jarring 14 percent sell-off in the last three months of...
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March 29, 2019 - 9:29 am
WASHINGTON (AP) — President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank. Moore is a former Trump...
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FILE - In this Thursday, Dec. 1, 2016 file photo, Gambia's President Yahya Jammeh shows his inked finger before voting in Banjul, Gambia. Gambia's ex-President Yahya Jammeh looted the tiny West African nation of $1 billion through fear and privilege during his 22 years in power, an amount more than 10 times higher than originally estimated by the new government, leaving the country in lingering debt, according to a report on Wednesday March 27, 2019, by the investigative group Organized Crime and Corruption Reporting Project. (AP Photo/Jerome Delay, File)
March 28, 2019 - 6:37 am
BANJUL, Gambia (AP) — Gambia's ex-President Yahya Jammeh looted the tiny West African nation of $1 billion through fear and privilege during his 22 years in power, an amount more than 10 times higher than originally estimated by the new government, leaving the country in lingering debt, according...
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Swedbank's headquarters in Sundbyberg, Stockholm, Wednesday March 27, 2019. The headquarters of one of Sweden's largest banks are being raided by authorities as part of an investigation into whether Swedbank was connected to a massive money laundering scandal in the Baltic countries. (Anders Wiklund/TT via AP)
March 28, 2019 - 3:04 am
COPENHAGEN, Denmark (AP) — The chief executive of one of Sweden's largest banks was fired Thursday in the wake of allegations that the bank was connected to a massive money laundering scandal in the Baltic countries. It is the second major Nordic bank CEO to fall over the scandal in four months...
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March 27, 2019 - 4:40 pm
WASHINGTON (AP) — President Donald Trump's pick to serve on the Federal Reserve's Board of Governors had a lien of more than $75,000 filed against him in January 2018 for unpaid taxes. The president said last week he intends to nominate Stephen Moore to fill a vacancy on the Fed's seven-member...
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March 27, 2019 - 7:41 am
WASHINGTON (AP) — The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he was an appeals court judge in a case involving securities fraud. The court's 6-2 ruling Wednesday affirms an appeals court decision against investment banker Francis Lorenzo over false and misleading...
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