Financial services

This Oct. 8, 2019, photo shows a Chase Sapphire card in New York. On Friday, Dec. 6, The Federal Reserve releases its report on consumer borrowing for October. (AP Photo/Jenny Kane)
December 06, 2019 - 3:58 pm
WASHINGTON (AP) — U.S. consumers ramped up their credit card spending in October. The Federal Reserve said Friday that total consumer borrowing rose in October by a seasonally adjusted $18.9 billion, up from a September increase of $9.6 billion. It was the biggest increase in borrowing in three...
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December 05, 2019 - 10:13 am
WASHINGTON (AP) — The Justice Department unsealed charges Thursday against two Russian men in what authorities say was one of the worst computer hacking and bank fraud schemes of the past decade. Maksim V. Yakubets, 32, of Moscow and Igor Turashev, 38, from Yoshkar-Ola, Russia were charged in the...
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FILE - In this Oct. 18, 2019, file photo, Pacific Gas and Electric Company workers bury utility lines in Paradise, Calif. Pacific Gas & Electric officials urged a federal bankruptcy judge to approve an insurance settlement that would enable the nation's largest utility to regain its financial footing while covering at least $20 billion in losses stemming from catastrophic wildfires tied to its equipment and negligence. (AP Photo/Rich Pedroncelli, File)
December 04, 2019 - 7:42 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20 billion in losses stemming from catastrophic wildfires in California tied to its equipment. The...
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December 04, 2019 - 5:07 pm
NEW YORK (AP) — A hedge fund manager whose company paid $1.8 billion in U.S. criminal and civil settlements is in negotiations to increase his stake in the New York Mets, who left open the possibility he eventually could become controlling owner. The team said Wednesday the deal between Sterling...
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Businesswoman Kelly Loeffler, right, smiles while being introduced by Georgia Gov. Brian Kem, left, as his pick to fill Georgia's vacant U.S. Senate seat at the Georgia State Capitol on Wednesday, Nov. 4, 2019, in Atlanta. (Alyssa Pointer/Atlanta Journal-Constitution via AP)
December 04, 2019 - 12:14 pm
ATLANTA (AP) — Georgia’s Republican governor has chosen a wealthy businesswoman and political newcomer to fill an upcoming vacancy in the U.S. Senate, flouting President Donald Trump’s preferred candidate in a play for moderate suburban voters. Gov. Brian Kemp formally announced his selection of...
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December 03, 2019 - 1:42 pm
HARTFORD, Conn. (AP) — Connecticut’s treasurer, who oversees $37 billion in public pension funds, announced plans Tuesday to reallocate $30 million worth of shares in civilian firearm manufacturer securities while banning similar future investments and creating incentives for banks and financial...
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FILE-In this Sept. 6, 2011 file photo, Mary Brock, right, and Kelly Loeffler cheer from their courtside seats as the Atlanta Dream basketball team plays in the second half of their WNBA basketball game, in Atlanta. A GOP political consultant told The Associated Press that Georgia Gov. Brian Kemp decided to appoint Loeffler, a Republican donor and financial services executive, to succeed retiring Sen. Johnny Isakson. Kemp is set to formally announce his choice on Wednesday morning, Dec. 4, 2019. (AP Photo/David Tulis, File)
December 02, 2019 - 8:20 pm
ATLANTA (AP) — Georgia’s governor is expected to appoint a wealthy business executive to replace an outgoing U.S. senator, according to a GOP political consultant, bypassing President Donald Trump’s preferred pick and betting instead that a moderate woman can garner enough support to hold onto the...
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This Sunday, Dec. 1, 2019, photo shows rewards offered through Chase bank on an iPhone in the Brooklyn borough of New York. Banks want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers. Wells Fargo became the latest bank to customize retail offers to individual customers. It joins Chase, Bank of America, PNC, SunTrust and a slew of smaller banks. (AP Photo/Jenny Kane)
December 02, 2019 - 12:27 pm
NEW YORK (AP) — There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up...
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From left, European Central Bank President Christine Lagarde, European Commission President Ursula von der Leyen and European Council President Charles Michel attend an event to mark the 10th anniversary of the entry into force of the Lisbon Treaty at the House of European History in Brussels, Sunday, Dec. 1, 2019. (AP Photo/Olivier Matthys)
December 02, 2019 - 11:59 am
FRANKFURT, Germany (AP) — New European Central Bank President Christine Lagarde said Monday that economic growth “remains weak” in the 19 countries that use the euro but gave no indication she is contemplating adding to the stimulus enacted by her predecessor, Mario Draghi. Lagarde said in her...
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President Donald Trump listens during an event to sign an executive order establishing the Task Force on Missing and Murdered American Indians and Alaska Natives, in the Oval Office of the White House, Tuesday, Nov. 26, 2019, in Washington. (AP Photo/ Evan Vucci)
December 02, 2019 - 10:08 am
WASHINGTON (AP) — President Donald Trump on Monday accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate. Trump also called on America’s central bank to take action to prevent other...
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