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Ray Dalio says the world is in a 'great sag' and echoes the 1930s

The hedge fund titan believes it is too late for central banks to reverse a global slowdown..

4 years ago

Bank/Fintech Partnerships: The Fad Is Over

Forbes | Ron Shevlin | Oct 14, 2019 Partnerships are Not the Future of Fintech “Bank/fintech partnerships are crucial to the future of banking” has become a widely accepted meme in the industry. In a recent study from Finextra, 81% of bank executives surveyed said that collaborating with partners was the best strategy to achieve

4 years ago

Many Americans say they're not prepared for a recession, but they're taking these steps

Despite the red flags flapping at the economy, many Americans say they're not financially prepared for a recession.

4 years ago

Czech firm PPF close to deal with AT&T on buying CME: reports

Investment group PPF, owned by the Czech Republic's richest man Petr Kellner, is close to concluding talks on buying a majority stake in Central European Media Enterprises (CME) from U.S. firm AT&T , Czech and Bulgarian media reported on Thursday.



4 years ago

Timeline: UAW wrings higher pay from GM in deal to end strike, agrees to plant closings

The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday.



4 years ago

Toyota conducts final phase of recall to replace Takata airbag inflators

Toyota Motor Corp's North America unit said on Thursday it was conducting the final phase of a safety recall to replace potentially faulty Takata airbag inflators in about 928,000 vehicles.



4 years ago

Saudi Aramco delays planned IPO to allow for earnings update: sources

Saudi Aramco has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday.



4 years ago

Goldman Sachs CEO Solomon says the bank's investment in WeWork is still profitable at this time

Goldman Sachs CEO David Solomon spoke to CNBC's Wilfred Frost on Thursday.

4 years ago

U.S. stocks gain on upbeat earnings, geopolitical news

Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.



4 years ago

At Chick-fil-A, new table service means no waiting in line to order

Fast-food chicken chain Chick-fil-A is turning the tables on in-house dining, unveiling a new sit-down table service through its app that means customers will not have to wait at the counter to order.



4 years ago

Boeing 777X delays may affect Emirates fleet plans: Clark

Delivery delays to Boeing's 777X jetliner are holding back Emirates' growth and could partially affect the Gulf carrier's broader requirements for wide-body aircraft, airline President Tim Clark said on Thursday.



4 years ago

UAW reaches contract deal with 850 Aramark workers at GM plants: sources

The United Auto Workers union on Thursday reached a tentative agreement for a new contract covering 850 Aramark employees who work at General Motors plants in Ohio and Michigan in maintenance, two sources briefed on the matter said.



4 years ago

Exclusive: Wall Street banks see green light from Fed on reserves - sources

Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in overnight lending markets, three industry sources told Reuters.



4 years ago

Goldman CEO on how he's turning the Wall Street powerhouse into a giant digital bank for consumers

Goldman Sachs CEO David Solomon spoke to CNBC's Wilfred Frost on Thursday.

4 years ago

Oil rises, supported by U.S. fuel stock draws but weighed by crude build

Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.



4 years ago