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StanChart, HBSC Offer Loan Relief As Coronavirus Keeps Cos Away From MWC
StanChart, HBSC Offer Loan Relief As Coronavirus Keeps Cos Away From MWC
February 12, 2020  |  International

The Mobile World Congress (MWC) in Barcelona is in trouble, as three more companies have dropped out over coronavirus fears, according to Reuters. Get the...

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US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
February 12, 2020  |  Debt

Debt from credit cards hit a record high in 2019, driven by young borrowers and aggressive spending, according to The Wall Street Journal. Despite a healthy...

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Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
February 12, 2020  |  Investments

Jeff Bezos, CEO of Amazon, has sold off $4.1 billion in shares of his own company in the last 11 days as part of a...

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Airbnb Took $322M Hit In First Nine Months Of 2019
Airbnb Took $322M Hit In First Nine Months Of 2019
February 11, 2020  |  IPO

With a potential initial public offering (IPO) on the horizon, Airbnb reportedly registered a loss in the first nine months of 2019 amid an increase in costs....

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FinCEN Tweaks Rule On Reporting Financial Transactions
FinCEN Tweaks Rule On Reporting Financial Transactions
February 11, 2020  |  Regulation

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and...

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Household Debt Exceeds $14T After 2019 Spike
Household Debt Exceeds $14T After 2019 Spike
February 11, 2020  |  Debt

Household debt in the U.S. has reached a 12-year high, rising more than $600 billion last year –the highest since right before the financial crisis...

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Zuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
Zuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
February 11, 2020  |  Regulation

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big...

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N26 Exits UK Post Brexit
N26 Exits UK Post Brexit
February 11, 2020  |  Brexit

FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend...

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FTC Big Tech Probe To Examine Acquisitions
FTC Big Tech Probe To Examine Acquisitions
February 11, 2020  |  ANTITRUST

A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. has expanded with a new inquiry about acquisitions, according to...

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