Trump wants even lower interest rates: What that would mean for your retirement savings

President Trump’s suggestion to cut interest rates to zero or below could have some unpleasant effects for people who are close to, or in, retirement. Negative interest rates have a harrowing impact on cash. Banks already offer a relatively low interest rate to consumers in exchange for stashing their money in a savings account, and the interest they incur on […]

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Police say this Pennsylvania couple went on a spending spree with $100,000 they got from a bank error

What would you do if you suddenly found yourself with an extra six figures in your bank account? And what if the money was there by mistake? According to police, one Pennsylvania couple went on a shopping spree after discovering that an accidental bank transfer had left an additional $120,000 in their BB&T bank account. Authorities say that Robert and […]

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Consumer borrowing expands in July at fastest rate in nearly two years

The numbers: Consumer borrowing picked up in July at the fastest rate in almost two years, according to Federal Reserve data released Monday. Total consumer credit increased $23.3 billion. That’s an annual growth rate of 6.8%, up from a 4.1% rate in the prior month. That’s the fastest pace since November 2017. Economists had been expecting a $16 billion gain, […]

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3 dividend stock picks with yields as high as 12% from a manager who doesn’t focus on dividends

(This is the fourth in a series about dividend stocks in today’s low interest-rate environment based on interviews with professional investors. Links to the other articles are below.) In the middle of a series of articles about dividend-stock strategies, it’s good to include a contrary opinion of a money manager who questions the notion of focusing on dividends. Fabio Paolini, […]

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Fraudsters lived ‘like Premier League footballers’ after £457,000 phone scam

A gang of criminals 'lived the lives of lavish footballers' after conning their victims out of almost half a million pounds by using a dangerous phone fraud tactic. Sami Ebraheem and Desmond Amoako made hundreds of fraudulent transactions between 20 October 2017 and 25 October 2018, stealing a total of £457,000 from bank accounts. The fraudsters first harvested bank details […]

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Deutsche Bank says records sought in Trump congressional probe include tax returns

NEW YORK (Reuters) – Financial records related to U.S. President Donald Trump and three of his children that congressional Democrats have requested from Deutsche Bank AG (DBKGn.DE) include tax returns, the bank disclosed in a court filing on Tuesday. Two committees in the U.S. House of Representatives subpoenaed Deutsche Bank in April to provide financial records belonging to the president […]

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Trump to square off in court with House Democrats over financial records

NEW YORK (Reuters) – U.S. President Donald Trump is expected to ask a federal judge on Friday to block Deutsche Bank AG (DBKGn.DE) and Capital One Financial Corp (COF.N) from handing the financial records of the Trump family and Trump Organization to Democratic lawmakers. The case, before the 2nd U.S. Circuit Court of Appeals, is one of several legal battles […]

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