Western Alliance Sees Huge Deposit Growth

Financial institutions have had to deal with a lot of turbulence recently. After having enjoyed consistent Federal Reserve interest rate hikes throughout 2018, the sudden fear of recession that hit toward the end of last year put an end to the favorable conditions that regional bank Western Alliance Bancorporation (NYSE: WAL) and its peers had enjoyed throughout much of the […]

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Grand jury sees ways to reduce Pennsylvania's Medicaid fraud

Law enforcement agencies and government regulators need new tools to effectively combat fraud within Pennsylvania's $33 billion Medicaid program, according to a grand jury report released Monday. Community based health-service programs can be "easily manipulated to facilitate fraud" because they lack the supervision, training and oversight that exist in traditional residential health care facilities, the report made public by the […]

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RH Sees a Tougher 2019 Ahead

It's not enough for a company to be successful for just a short while. Strong companies have to sustain that success year in and year out, navigating the ever-changing waters of economic conditions and finding ways to prosper regardless of the challenges they face. That's a task that luxury home furnishings retailer RH (NYSE: RH) has done well recently, turning […]

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FedEx sees Amazon as friend not foe

Lands’ End CEO on Amazon partnership: If you’re not on Amazon you’re not really relevant Lands’ End CEO Jerome Griffith on the holiday shopping season, the retailer’s partnership with Amazon and the company’s growth and outlook. FedEx investors had a bumpy Wednesday as the stock tumbled 12 percent, the worst percentage drop since 2008, after the delivery giant cut its […]

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Paul Tudor Jones sees more volatility, says stocks will drop as much as 15% before rebounding

Legendary investor Paul Tudor Jones says the stock market’s wild ride will continue in 2019. “I think we’re going to see a lot more of what we just saw, which is a lot more volatility,” Jones told CNBC’s Andrew Ross Sorkin from his offices on “Squawk Box” on Monday. “It’s really easy to say ‘I’m really bullish’ or ‘I’m really […]

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JP Morgan sees a slowdown coming, with economy growing at less than 2 percent in 2019 

JP Morgan economists said the economy should grow at a slower pace of 1.9 percent from the fourth quarter’s year over year rate of 3.1 percent. They point to reduced stimulus from fiscal and monetary policy and negative drag from trade policy. The economist expect the Fed to raise interest rates four times, and consumer inflation running at a pace […]

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US energy official sees 'great promise' in eastern Med

U.S. Assistant Secretary of State Francis Fannon, right, welcomes from Cyprus’ Energy minister Yiorgos Lakkotrypis for a meeting at the Energy ministry in Nicosia, Cyprus, Friday, Nov. 16, 2018. Fannon is in Cyprus as part of a three-country tour in the region as ExxonMobil is ready to start exploratory drilling in waters southwest of Cyprus. (AP Photo/Petros Karadjias) A U.S. […]

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Germany sees biggest wine harvest since '99 after hot summer

An industry group says German winemakers are on track for their biggest grape harvest in nearly 20 years after a long, hot summer that shriveled many other farmers' crops. Continue Reading Below The German Wine Institute said Thursday that, with the harvest 95 percent complete, it expects winegrowers to produce 1.07 billion liters (280 million gallons) of wine must, the […]

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