Kamala Harris says older Democratic leaders need to know when to ‘pass the baton’

ATLANTA (AP) — California Sen. Kamala Harris sent a subtle signal to the old-guard of Democratic politics that every era has its end. At an Atlanta church service dedicated to youth Sunday, the presidential candidate compared leadership to a relay race in which each generation must ask themselves “what do we do during that period of time when we carry […]

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Upbeat German business survey lifts euro, tempers recession fear

(Reuters) – The euro rose on Monday after a better-than-expected business confidence survey from Germany relieved markets of some of their economic growth worries and knocked the safe-haven yen off six-week highs to the dollar. World markets were buffeted on Friday by fears of economic recession fanned by inversion of the U.S. bond yield curve. That sapped demand for higher-yield, […]

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Discount brokers gain pace, eye millennials

Prices to get lower, with new entrants Discount broking, which till recently was looked upon as an evolving industry in India, is now gaining pace and is soon expected to be on par with full-service broking before even gaining a majority share of the market. Leading discount broking players are registering strong growth in client acquisition and overall business volumes […]

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State-sponsored cyberattacks on banks on the rise: report

NEW YORK (Reuters) – Cyberattacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by the Carnegie Endowment for International Peace. Out of 94 cases of cyberattacks reported as financial crimes since 2007, the attackers behind 23 of them were believed to be state-sponsored, the majority […]

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Trump to nominate Fed critic for board. Here's what to know

Trump: Fed rate hikes hurt the US economy President Trump, in a wide-ranging exclusive interview on FOX Business said the US economy would have been in a better position if the Federal Reserve didn’t raise interest rates. He also discussed US-China trade negotiations and his feud with John McCain. President Donald Trump has offered former campaign economic advisor Stephen Moore a seat […]

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