Trump attacks restrictions on big banks, retirement advisers – Washington Post

WASHINGTON — President Donald Trump has launched his long-promised attack on banking rules that were rushed into law after the nation’s economic crisis, signing new orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him on, but Trump risks disillusioning his working-class voters. […]

Canada’s Hudson’s Bay makes takeover approach for Macy’s: Sources – CNBC

Cincinnati, Ohio-based Macy’s has around 900 stores in the U.S., which includes its Bloomingdale’s outlets and its flagship store in New York City’s Herald Square. Hudson’s Bay is well known for making money off its real estate assets. After buying Saks for $2.9 billion in 2013, it secured a $1.25 billion 20-year mortgage for its […]

Bank of England Raises Growth Outlook – Wall Street Journal

LONDON—The Bank of England said Thursday it expects faster economic growth in the U.K. over the next few years than previously forecast, though officials signaled they are in no rush to raise borrowing costs as Britain’s exit from the European Union continues to cast uncertainty. Officials led by Gov. Mark Carney held the central bank’s […]

U.S. Auto Sales Cool in January – Fox Business

General Motors Co. and Ford Motor Co. posted declines in January auto sales amid what is expected to be a broader cooling in demand following brisk sales in the prior month that is creating a glut on dealer lots.  Continue Reading Below GM, the No. 1 U.S. auto maker, sold 195,909 vehicles in the […]

Shell Sells $4.7 Billion of Fields as Disposals Accelerate – Bloomberg

Shell Sells $4.7 Billion of Fields as Disposals Accelerate – Bloomberg

Royal Dutch Shell Plc, looking to pare debt swollen by last year’s acquisition of BG Group Plc, accelerated its drive to shed assets on Tuesday by agreeing to the sale of fields in the North Sea and Thailand for as much as $4.7 billion. The disposals include the sale of about half the company’s North […]

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