Mark Cuban grew up working class in Pittsburgh. His father installed upholstery in cars and his mom worked a myriad of odd jobs. Today, Cuban is worth more than $3 billion, owns the Dallas Mavericks and is a star on ABC’s hit reality television show, “Shark Tank.” He chased any […]
CNBC News
China is pumping cash into Pakistan, but that might not convince other foreign investors
China is pouring an estimated $60 billion into Pakistan as part of its Belt and Road Initiative (BRI), but financial experts CNBC spoke to were uncertain how this would impact Islamabad’s profile as an investment destination. The China-Pakistan Economic Corridor (CPEC), as this leg of China’s massive regional infrastructure spending […]
Deutsche Bank to cut at least 250 investment banking jobs: Report
Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500. Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment […]
Deutsche Bank to cut up to 500 jobs
Deutsche Bank is to cut up to 500 investment banking jobs with 250 initially earmarked to go, according to a person close to the situation. Earlier this month IFR reported that the institution had started to make selective cuts in the UK, identifying Jonathan Gold, co-head of financial institutions origination […]
Trump backs effort to improve gun background checks
President Donald Trump spoke to Senator John Cornyn about gun legislation on Friday, two days after a shooting at a Florida school killed 17 people, and supports efforts to improve the federal background check system, the White House said on Monday. Trump spoke to Cornyn, a Republican, about the bi-partisan […]
Here are 10 tax changes for 2018 you need to know
Savers who contribute to individual retirement accounts will have higher income ranges following cost-of-living adjustments. Note that the deduction phases out for individuals and their spouses who are covered by workplace retirement plans. For single taxpayers, the limit will be $63,000 to $73,000. For married couples, the phaseout range will […]
Spain’s Luis de Guindos set to become the next vice president of the European Central Bank
The 19 finance ministers of the euro zone are set to appoint Luis de Guindos, the Spanish economy minister, as the next vice president of the European Central Bank (ECB). The appointment will be the first in a reshuffle in positions within the central bank that could change the course […]
The last time the president of the United States got a raise
Like the typical American, the president of the United States is on salary. Unlike the typical American worker, who brings in about $44,564 a year, the president is paid $400,000 a year, plus an extra expense allowance of $50,000 a year, a $100,000 non-taxable travel account and $19,000 for entertainment. […]
KFC branches in UK forced to close after chicken shortage
KFC has apologized to its customers in the U.K. after branches of the fried chicken chain were forced to close because they’ve run out of chicken. Taking to Twitter to explain the crisis, KFC said the shortage had been caused after it had taken on a new delivery partner, DHL, […]
Retail investors would ‘bear the brunt’ of a cryptocurrency market collapse, study says
Retail investors would feel the impact of a cryptocurrency market collapse the most, while institutional investors would be better protected against such an event, according to researchers. “At this stage, we think that retail investors would be the first to bear the brunt in the event of a collapse in […]