Month: January 2020

India’s troubled shadow banking sector is not out of the woods yet, but it may be in a “much better position” than before, said the chairman of the country’s largest public lender. Rajnish Kumar, chairman of the State Bank of India, acknowledged that India’s non-bank financial companies (NBFCs) — often referred to as shadow lenders
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A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
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Former Vice President Joe Biden (L) greets Sen. Bernie Sanders (I-VT) before the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Top Democratic presidential candidates all want to boost Social Security benefits. But two of the candidates — Sen. Bernie Sanders (I-Vt.) and
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Johnson & Johnson headquarters in New Brunswick, N.J. Mel Evans | AP Johnson & Johnson‘s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Adjusted earnings per share: $1.88 versus
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InterContinental Hotel in Toronto, Ontario, Canada. Roberto Machado Noa | LightRocket | Getty Images If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. The London-based hotel chain is largely exposed to threats to international travel. InterContinental’s Asia Pacific revenue was down 27% year-over-year
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Sarah Wilson, of GoBudgetGirl, recommends looking for cheap or free alternatives before actually buying. Source: Sarah Wilson You’re not the only one with spending sorrows. In recent years, some popular YouTube bloggers have started making videos confessing their biggest money mistakes, running the gamut from spending thousands of dollars on interior design for a rental
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Zhang Yichen, chairman and chief executive officer of Citic Capital Holdings Ltd. Paul Miller | Bloomberg | Getty Images Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher
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