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Tag Archives: finance

Stocks fall after Fed signals June rate hike possible

stocks

Stocks are dropping Thursday afternoon as industrial companies help drag major indexes lower. Health care companies also fell. Investors braced themselves for the likelihood of an interest rate increase in June at the Federal Reserve’s next policy meeting. The selling was broad. Eight of the 10 sectors of the Standard and Poor’s 500 fell. KEEPING SCORE: The Dow Jones industrial ...

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Federal watchdog sues All American Check Cashing over ‘deceptive’ tactics

All American Check Cashing location in Ridgeland.

By TED CARTER A U.S. Consumer Financial Protection Bureau investigation of payday lender All American Check Cashing has led to a lawsuit that alleges the company’s stores in Mississippi, Louisiana and Alabama carried out a company-wide policy of deceiving customers who cashed checks or took out payday loans with them. The suit filed May 11 in the U.S. District Court Southern ...

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Stocks flit from gains to losses after Fed minutes released

This file photo shows a Wall Street street sign outside the New York Stock Exchange. (AP Photo/Mark Lennihan, File)

Stocks are flitting between gains and losses on Wednesday after minutes from the Federal Reserve’s last meeting suggested that policymakers may raise interest rates next month if the economy continues to improve. Bond yields jumped, sending bank stocks even higher, while utilities and other high-dividend stocks fell. Retailers dropped after Target reported weak sales. KEEPING SCORE: The Dow Jones industrial ...

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Stocks lower in morning after sizable gains the day before

stocks

Stocks are mostly falling Tuesday morning as investors sift through new economic reports and company earnings. Utilities and consumer goods companies fell the most after the market made sizable gains the day before. KEEPING SCORE: The Dow Jones industrial average fell 59 points, or 0.3 percent, to 17,652 as of 11:11 a.m. Eastern time. The Standard & Poor’s 500 index ...

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US stocks gain in early trading as crude oil rises

stocks

Stocks rose on Wall Street early Monday, led by gains in energy companies as the price of crude oil increased sharply. Marathon Oil jumped 7 percent and offshore driller Transocean rose 6 percent. Major U.S. stock indexes have fallen for three weeks in a row. KEEPING SCORE: The Dow Jones industrial average rose 70 points, or 0.4 percent, to 17,605 ...

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Global stocks drift lower on global growth concerns

stocks

Stock markets around the world and oil prices were weighed down Friday by concerns over the global economy ahead of a raft of U.S. and Chinese economic data. KEEPING SCORE: In Europe, Germany’s DAX was up 0.1 percent at 9,875 but the CAC-40 in France fell 0.2 percent to 4,283. The FTSE 100 index of leading British shares was 0.4 ...

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CFPB sues All American Check Cashing over ‘deceptive’ tactics

All American Check Cashing location in Ridgeland.

By TED CARTER The U.S. Consumer Financial Protection Bureau filed suit Wednesday against payday lender All American Check Cashing that charges the Madison-based company tricked and trapped check-cashing and loan customers at its 43 stores in Mississippi and a handful of other stores in Louisiana and Alabama. The suit seeks monetary relief against All American and owner Michael Gray, injunctive ...

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CFPB moves to end mandatory arbitration in financial services contracts

Arbitration-and-Medition

By TED CARTER The U.S. Consumer Financial Protection Bureau wants to bar banks, credit card companies and other financial products providers from forcing consumers to agree to arbitration to settle account disputes. Banks, unsurprisingly, oppose the change. “Consumers will get less and pay more,” said Rob Nichols, president and CEO of the American Bankers Association, or ABA. The Consumer Financial Protection ...

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Client’s best interests should always come first, financial advisors say

investing

By BECKY GILLETTE A new U.S. Department of Labor (DOL) regulation requires advisers to 401(k) and IRAs to act in their clients best interests. Supporters argue that the measure is needed to protect people’s retirement savings from being eroded by high-fee products recommended by financial advisers. Opponents are concerned the rules are too complex making compliance difficult and expensive. The ...

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IKE TROTTER — Breaking bad money habits

Money-feature-1_rgb

Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, it’s not too late for 2016 to start turning things around: #1 – Living without a budget. You may make enough money that you don’t feel you need to budget. In truth, ...

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