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The Finance 202: Playbook to kill tax overhaul already written before bill’s debut – Washington Post

THE TICKER President Donald Trump talks with House Speaker Paul Ryan (R-Wisc.). (AP /Evan Vucci) Want to keep smart and easy tabs on the tax reform debate in Washington? We have you covered here. Today’s note will self-destruct in roughly two hours. And then again — and likely again. That’s when House Republican leaders are expected — finally […]

Tesla must stop overpromising, could need more finance: analysts – Reuters

(Reuters) – Tesla Inc (TSLA.O) shares fell 6 percent at opening on Thursday, as analysts expressed doubt over chief executive Elon Musk’s communication with investors and some said the company could need more financing soon. Four major houses – including Goldman Sachs and JP Morgan – cut their price targets by $5-$10 after the electric […]

Robinhood stock trading comes to web with finance news for its 3M … – TechCrunch

You know what’s cool? Not just being worth over $1 billion, but saving your customers $1 billion. Today, zero-fee stock trading app Robinhood announced that it’s hit 3 million registered accounts, $100 billion transacted in its app, and $1 billion in saved commissions considering competitors like E*Trade cost $7 per trade. And now, Robinhood is […]

Rise of the machines must be monitored, say global finance regulators – Reuters

LONDON (Reuters) – Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which coordinates financial regulation across the Group of 20 Economies (G20), said in its first report on artificial intelligence (AI) and […]

The Finance 202: Tax overhaul delayed while GOP haggles over details – Washington Post

THE TICKER House Ways and Means Committee Chairman Kevin Brady (R-Tex.). (AP /J. Scott Applewhite) Thursday is the new Wednesday. Facing a pileup of disagreements over basic elements of a tax code overhaul, House Republicans late Tuesday decided to delay the rollout of the first draft of their bill, originally set for this morning.  Now, […]

The best US cities to live in if you want to work in finance – Business Insider

The runner-up is San Francisco.Yulia Mayorova/Shutterstock Salaries in the financial sector tend to be higher than average. In some cities, housing costs can take a large chunk of your paycheck, even if you work in finance. Adobo.com compiled a list of the best cities for finance workers based on job density and rent affordability.   […]

Bitcoin stokes fear and greed – but it’s just tip of a finance revolution – Christian Science Monitor

October 31, 2017 —Do you think Donald Trump is the world’s most divisive force? Are you impressed by the recent bull run of the stock market? Think again. They may be bit players compared with the digital currency called bitcoin. Bitcoin has been called a fraud and the most important advance since the internet. It […]

At this high school, personal finance courses are required for graduation – Yahoo Finance

Traditionally, students must complete math, English and science credits to graduate from high school. At Oconomowoc High School in Wisconsin, seniors must now also learn about 401(k)s before they earn their caps and gowns. Starting with this year’s freshman class, personal finance will be a required course for students at Oconomowoc High School. The nine-week […]

Debating Where Tech Is Going to Take Finance – Bloomberg

After the credit crisis of 2008-09, former Federal Reserve Chairman Paul Volcker quipped that the only important innovation the financial industry had come up with in the prior 20 years was the automated-teller machine. Now almost everyone is walking around with a smartphone loaded with apps to manage personal finances, cryptocurrencies have become funding vehicles […]

Bank of England believes Brexit could cost 75,000 finance jobs … – BBC News

Image copyright AFP The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union. The BBC understands senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal. The number could […]

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