Financial services

August 05, 2019 - 6:01 am
RALEIGH, N.C. (AP) — A corporate executive in North Carolina is accused of stealing more than $5 million from his medical technology company, going on lavish trips, staying at the Trump International Hotel in New York, spending $145,000 at a steakhouse and making big donations to his church. The...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
August 05, 2019 - 5:42 am
Variable annuities are complex insurance products — so complex that what people actually buy and what they think they're buying may be quite different. Those misunderstandings can end up costing them, or their heirs, a lot of money. For the uninitiated: Variable annuities are insurance company...
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FILE - In this Tuesday, June 9, 2015 file photo, the HSBC logo is seen through a window where buildings are reflected on to, at a branch in London. HSBC announced on Monday Aug. 5, 2019, the surprise departure of CEO John Flint after 18 months in the job, saying the bank needs new leadership. (AP Photo/Kirsty Wigglesworth, File)
August 05, 2019 - 4:56 am
LONDON (AP) — Bank HSBC on Monday announced the surprise departure of CEO John Flint after just 18 months, saying new leadership was needed amid increasing economic uncertainty at home and in Asia, which accounts for 80% of the group's profit. London-based HSBC Holdings said Flint stepped down by...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 3:20 am
BEIJING (AP) — China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon in a tariff war with Washington. The central bank blamed the exchange rate's decline...
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FILE - In this April 18, 2018, file photo, the World Bank CEO Kristalina Georgieva speaks at the World Bank/IMF annual spring meeting in Washington. European governments have decided to put forward Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. (AP Photo/Jose Luis Magana)
August 02, 2019 - 3:48 pm
FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. Georgieva prevailed in a vote Friday among EU governments...
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Sen. Bernie Sanders, I-Vt., gestures toward Sen. Elizabeth Warren, D-Mass., during the first of two Democratic presidential primary debates hosted by CNN Tuesday, July 30, 2019, in the Fox Theatre in Detroit. (AP Photo/Paul Sancya)
August 02, 2019 - 2:56 am
WASHINGTON (AP) — Democratic presidential candidates are split over eliminating employer-provided health insurance under "Medicare for All." The risk is that history has shown voters are wary of disruptions to job-based insurance, the mainstay of coverage for Americans over three generations. Those...
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FILE - In this July 20, 2018, file photo, a deliveryman for American-based pizza chain Domino's prepares to make a delivery near a mural displaying Chinese yuan and other world currency symbols on the outside of a bank in Beijing. China's yuan fell Friday, Aug. 2, 2019, to its lowest level of the year against the dollar following U.S. President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. (AP Photo/Mark Schiefelbein, File)
August 02, 2019 - 12:40 am
BEIJING (AP) — China's yuan fell Friday to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan tumbled to 6.9520 to the dollar, its...
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FILE - In this July 22, 2019, file photo traders James Riley, left, and Mark Muller work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 1. (AP Photo/Richard Drew, File)
August 01, 2019 - 7:23 am
NEW YORK (AP) — Stocks moved higher in early trading on Wall Street Thursday as investors focused on several solid earnings reports after a late bout of selling the day before. Investors are nearing the end of a busy week that included Wednesday's widely anticipated quarter-point cut to the Federal...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Aug.1, 2019. Asian stock markets followed Wall Street lower Thursday after the U.S. central bank cut its key interest rate but left investors uncertain about future reductions. (AP Photo/Ahn Young-joon)
August 01, 2019 - 3:30 am
BEIJING (AP) — Global stock markets followed Wall Street lower Thursday after the U.S. central bank cut its key interest rate but left investors uncertain about future reductions. Benchmarks in London, Frankfurt, Shanghai and Hong Kong all tumbled. In early trading, London's FTSE 100 fell 0.1% to...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 9:56 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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