BlackRock Investment Institute ‘modestly positive’ on risk assets for 2020

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo LONDON (Reuters) – BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and… Read moreBlackRock Investment Institute ‘modestly positive’ on risk assets for 2020

Finland Elects Its Youngest Ever Prime Minister

Finland’s Social Democratic party has named Sanna Marin, the current transportation minister, as the new PM, which would make Sanna the country’s youngest prime minister ever, according to Reuters. What Happened Finland’s Social Democratic party on Sunday voted to select Sanna Marin,… Read moreFinland Elects Its Youngest Ever Prime Minister

Saudi Arabia Eases Gender Segregation In Restaurants

The Kingdom of Saudi Arabia has relaxed laws requiring restaurants to have gender-segregated entrances, Reuters reported on Sunday. What Happened The restaurants were previously required to have two separate entrances for men coming in alone and for families, including women, according to… Read moreSaudi Arabia Eases Gender Segregation In Restaurants

‘With A Single Stroke Of Your Pen, You Can Make A Major Impact,’ California Governor To Trump On Homeless Funds

California Governor Gavin Newsom has asked President Trump to release funding to combat the state’s ongoing homelessness problem, according to Reuters. What Happened Gavin asked President Trump to stop holding up the federal housing vouchers that, if released, would help… Read more‘With A Single Stroke Of Your Pen, You Can Make A Major Impact,’ California Governor To Trump On Homeless Funds

‘Did Someone At 10 Downing Street Ask If You Were A Paedophile?’ Musk’s Lawyer To UK Caver

U.K. caver Vernon Unsworth testified for the second day in a row on Thursday in a defamation case he has filed against Tesla Inc (NASDAQ: TSLA) and SpaceX founder Elon Musk in a Los Angeles court. No Apology For Musk… Read more‘Did Someone At 10 Downing Street Ask If You Were A Paedophile?’ Musk’s Lawyer To UK Caver

GM And LG Chem To Launch EV Battery Factory In Ohio: Sources

General Motors Company (NYSE: GM) could form a joint venture with South Korean chemical company LG Chem Ltd. to manufacture electric vehicle batteries in Ohio, unnamed sources said to Reuters.   What Happened Reliable sources told Reuters that General Motors… Read moreGM And LG Chem To Launch EV Battery Factory In Ohio: Sources

By ‘Us,’ I Meant The US, Trump Says As Impeachment Inquiry Progresses

The democratic impeachment inquiry against President Donald Trump is just based on some confusion over semantics, or so is the president’s latest argument. What Mr. President Tweeted Again “When I said, in my phone call to the President of Ukraine,… Read moreBy ‘Us,’ I Meant The US, Trump Says As Impeachment Inquiry Progresses

‘Thought He Was Just Some Random Creepy Guy,’ Musk Testifies In Defamation Case

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday testified in the defamation case filed against him by a U.K. caver in Los Angeles, Reuters reported. What Happened The caver Vernon Unswoth is suing Musk for calling him a “pedo guy,” among other… Read more‘Thought He Was Just Some Random Creepy Guy,’ Musk Testifies In Defamation Case

U.S. banking regulators urge ‘responsible use’ of alternative lending data

WASHINGTON (Reuters) – U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure “responsible use” of non-traditional sources of financial data to help determine whether a potential customer is credit worthy. In a… Read moreU.S. banking regulators urge ‘responsible use’ of alternative lending data

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

WASHINGTON (Reuters) – The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in instances when it may be too expensive for the… Read moreU.S. consumer watchdog proposes exemptions for banks, credit unions on remittances