JPMorgan Chase employees caught making racist comments to ‘intimidating’ black clients

JPMorgan Chase employees were allegedly caught on recordings denigrating wealthy black clients — including an ex-New York Giant — as scary and irresponsible, according to a new report. Retired defensive tackle Jimmy Kennedy recorded one Chase worker in Arizona allegedly suggesting he was “intimidating” because “they don’t see people like you a lot.” “You’re bigger than the average person, period. […]

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Sweetgreen employees help co-workers with a special fund, but the program has sparked criticism

Sweetgreen: Startup Success Sweetgreen’s founders on how the business they started after college is flourishing in a down economy. Two months after Sweetgreen raised another $150 million in investments lifting its valuation to $1.6 billion, the salad chain's program that encourages employees to provide financial support to co-workers going through a “life altering event” is getting some attention. Continue Reading Below GET FOX […]

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Euro buoyed by stronger-than-expected German economic data

LONDON (Reuters) – The euro rose on Tuesday after a better-than-expected German economic sentiment survey, with moves limited by doubts that the release will change the rhetoric of the European Central Bank. The dollar was little changed versus the safe-haven Japanese yen as investors remained wary of a deadline for U.S. tariffs on China, the British election and upcoming Federal […]

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Does your HECS debt die with you?

Could you please comment on the situation with regard to a Higher Education Contribution Scheme (HECS) debt of a deceased person. An old brochure says: “If you die, any HEC repayment included on a notice of income tax assessment already issued by the Australian Taxation Office must be paid from your estate, but the remainder of your HEC debt is […]

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Brazil graft probe expands to target telecom firms Oi, Vivo

RIO DE JANEIRO, Dec 10 (Reuters) – Brazilian police and prosecutors on Tuesday opened a new phase of the sweeping “Car Wash” corruption probe to investigate alleged fraud in contracts of major telecommunications firms. Prosecutors said they were looking into suspect contracts and payments involving Oi SA and Telefonica Brasil SA up until 2016. Police said the probe is based […]

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Americans keep gorging on debt, thanks to the Federal Reserve

The Federal Reserve raised official interest rates four times 2018, and investors were expecting more of the same this year. As we know, that didn’t happen. The stock market plummeted in the fourth quarter of 2018, spreads between lower-quality fixed-income investments and government bonds widened, and with an effective fed funds rate of only 2.25%-2.50%, investors, bondholders and nearly everyone […]

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Sterling shrugs off weak GDP data, cements gains before election

LONDON (Reuters) – Sterling edged higher on Tuesday, cementing recent gains as traders shrugged off weak economic growth data and kept an eye on the final days of campaigning before Britain’s general election on Thursday. The pound on Monday reached a seven-month high against the dollar and a two-and-a-half-year high versus the euro as investors ramped up their bets the […]

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Waiting for ECB and Fed, euro zone bond markets stick to familiar ground

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Dhara Ranasinghe LONDON, Dec 10 (Reuters) – Euro zone government bond yields were mostly steady on Tuesday, refusing to budge from recent ranges before this week’s European Central Bank and Federal Reserve meetings. With the next round of U.S. tariffs against Chinese goods scheduled to take effect on Dec. 15 and […]

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JGB 10-year yields shed early gains as caution sets in

TOKYO, Dec 10 (Reuters) – Yields on 10-year Japanese government bonds on Tuesday darted out of negative territory for the first time in nine months, but quickly retracted as investors braced for a Federal Reserve policy decision and awaited clues on the U.S.-China trade talks. Yields edged higher for most of the trading session on Tuesday as some investors sold […]

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