Financial services
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Mexico
Mexican banks brace for impact of designating cartels as terrorists
United States President Donald Trump’s likely designation of Mexican drug cartels as foreign terrorist organizations will have a major impact…
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New York governor wants to limit hedge funds from buying up homes
ALBANY, N.Y. — ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Thursday said she will push for new…
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Average rate on a 30-year mortgage in the US rises for fifth straight week
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest…
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Southwest Airlines under pressure from a big shareholder shakes up its board
Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert…
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Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs
NEW YORK — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due…
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
OMAHA, Neb. — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of…
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Charlie Munger, Warren Buffet’s sidekick at Berkshire Hathaway, dies at 99
OMAHA, Neb. — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a…
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Buffett’s firm reports $12.8B loss as investments fall, its insurers performed well
OMAHA, Neb. — Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper…
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Federal Reserve officials: Bond yields spike may allow central bank to leave rates
WASHINGTON — Two Federal Reserve officials suggested Monday that the central bank may leave interest rates unchanged at its next…
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Sam Bankman-Fried must now convince a jury that the former crypto king wasn’t a crook
NEW YORK — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next…
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