Bank of america free trades

Commerce Minister Jurin Laksanawisit will chair four days of Asia-Pacific Economic Cooperation (Apec) meetings that have as part of their agenda the ambitious goal of creating the world's biggest free trade area. Mr Jurin said on Wednesday he inspected preparations for the Apec Ministers Responsible for Trade Meeting 2022 being held in Bangkok fromThursday until Sunday. The trade meeting will be attended by members of 21 economic areas. The session forms an integral part of the Apec summit to be held in November. Mr Jurin said the meeting agenda will focus on a plan to transition Apec into the so-called Free Trade Area of the Asia-Pacific (FTAAP) by 2040. If successful, the FTAAP would emerge as the world's biggest free trade area. As chair of the trade meeting, Thailand will push the plan along to see it progress effectively. "The FTAAP encompasses areas that are home to 2.9 billion people, accounting for 38% of the global population," the minister said. "The combined … [Read more...] about ‘World’s biggest free trade area’ to be meeting’s focus

- A + A (May 19): Google's Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet Inc unit has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting access to some Russian media on YouTube, but the Kremlin has so far stopped short of blocking access to the company's services. "The Russian authorities seizure of Google Russia's bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial obligations," a Google spokesperson said. "Google Russia has published a notice of its intention to file for bankruptcy." A TV channel owned by a sanctioned Russian businessman said in April that … [Read more...] about Google’s Russian subsidiary to file for bankruptcy after bank account seized

Share to Twitter Share to Linkedin New data has raised a tantalizing possibility: That for the first time, America's uninsured rate will fall below 10%. (If it hasn't already; the most recently reported data was collected three months ago.) The findings come from the Urban Institute's Health Reform Monitoring Survey , a quarterly survey of non-elderly Americans. And as of March 2015, the Urban Institute's survey found that 10.0% of nonelderly adults were uninsured, down from 17.8% in September 2013, before the Affordable Care Act's insurance exchanges first launched. No major survey has ever found that the uninsured rate in America has hit single digits. However, the uninsured rate is already down to 7.5% in states that have expanded Medicaid under Obamacare, Urban researchers concluded. Of course, Urban's data is just one snapshot of the uninsured in America. Different surveys use different questions and methodologies. Some are thought … [Read more...] about Survey: America’s Uninsured Rate Is Down To 10% – And Falling

Share to Twitter Share to Linkedin Topline The Russian subsidiary of Alphabet’s Google plans to file for bankruptcy after authorities seized its bank account, the company said Wednesday, in an apparent escalation of the Kremlin’s drive to cut Russians off from information about the country’s invasion of Ukraine. Key Facts Google Russia filed an intention to declare bankruptcy after the seizure of its bank account made it “untenable” to meet its financial obligations, a Google spokesperson said in a statement to Forbes and other outlets . Google’s intention to file for bankruptcy is already on Russia’s Fedresurs financial registry website, according to Reuters and Russian state-run news agency RIA Novosti . A company spokesperson said Google will continue to operate free services including its search engine, YouTube and Gmail. Key Background Google has been arguably Russia’s greatest foe in challenging the war narrative … [Read more...] about Google Will Declare Bankruptcy In Russia, Says Russian Authorities Seized Bank Account

Reuters filepix for illustration purpose only - A + A NEW YORK (May 18): The US is forcing Wall Street banks to embark on a systematic search through more than 100 personal mobile phones carried by top traders and dealmakers in the largest-ever probe into clandestine messaging on platforms such as WhatsApp. The Securities and Exchange Commission has been sending firms lists of key positions — in some cases pointing to around 30 people including heads of certain investment banking teams or trading desks — that are subject to the review, according to people with direct knowledge of the requests. Personnel in those roles are being ordered to hand over phones so devices can be examined by lawyers. The aim is to gauge how pervasively Wall Street professionals use unauthorized messaging platforms to chat with each other or clients as regulators decide which firms to punish, and how hard, for failing to preserve business-related messages sent via unapproved platforms. … [Read more...] about US pries into over 100 trader and banker phones in texting probe

Share to Twitter Share to Linkedin Higher education has been the bedrock of our society for over 300 years, with just under 4,000 degree-granting institutions. Recently, however, skyrocketing tuition costs have created several challenges and have the general public questioning the value and purpose of higher education. With much public outcry on the value proposition of higher education, can the industry be sustained or reinvented? Many articles have been written about higher education “landlords,” as institutions compete for students based on amenities and facilities. This intense competition for colleges and universities to attract students has resulted in expensive amenities and accommodations to convince students to attend. While this is a nice to have for students, it has also driven up the cost of a college degree to the point where many cannot afford a degree. As competition increases and state and federal subsidies decrease, these additional costs are … [Read more...] about Leaders Share Strategies To Reinvent Higher Education

In a highly volatile session on May 18, the Nifty ended flat amid mixed a trend on the sectoral front. The index opened above 16,300, extending the previous day’s gains but failed to hold on to the intraday gains to end marginally lower, forming a small-bodied bearish candle on the daily scale. It closed 19 points, or 0.12 percent, down at 16,240.30. The index has to hold above 16,250, for an up move towards 16,442 and 16,666, whereas supports shift higher to 16,161 and 16,061 zones, experts said. "The near-term trends shall remain positively biased in favour of bulls as long as the index sustains above 15,900 levels. In such a scenario, on resumption of the up move, the index can test its 20-day simple moving average, whose value is around 16,635 levels," Mazhar Mohammad, Founder & Chief Market Strategist, Chartviewindia.in, said. Weakness in the short-term support zone of 16,200–150 levels shall be an opportunity to go long with a stop below 15,900, he said. Close … [Read more...] about Technical View | Nifty forms bearish candle; 15,900 is the level to watch

Representative image The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign fund outflows and a stronger greenback in overseas markets. At the interbank foreign exchange market, the rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell. Crude oil prices also surged by over 1 percent, which weighed on the rupee. The local unit finally ended at its all-time low of 77.60, showing a loss of 16 paise over its previous close of 77.44. "The dollar index took support near 103.50 and the capital market witnessed profit booking from higher levels, sending rupee into weakness," said Jateen Trivedi, VP Research Analyst at LKP Securities. The US Fed chief asserted that the central bank would increase interest rates as high as needed to contain a spike in inflation which threatens the … [Read more...] about Rupee falls 16 paise to record low of 77.60 against USD

Shares of Citigroup ( C ) jumped 7% after Warren Buffett’s Berkshire Hathaway reported a nearly $3 billion stake in the bank. Berkshire revealed the investment along with others in its quarterly 13F filing . Citigroup’s shares were down 16% this year, trailing other big banks. The bank is in the middle of a turnaround led by new CEO Jane Fraser, who took over in March of last year following years of missed financial targets and regulatory controls. Citigroup announced plans to close its consumer banking operations in 13 markets including Australia, China, and Russia. Then in March, the bank unveiled a multi-year turnaround strategy that included financial targets and a 6% increase in expenses as the bank seeks to improve its internal controls. Berkshire unloaded the rest of its stake in Wells Fargo, and sold its stakes in JPMorgan Chase and Goldman Sachs in 2020. It still owns about $41 billion of Bank of America ( BAC ) shares, which is Berkshire’s second-largest holding … [Read more...] about Buffett’s Big Bet on Citigroup

O pportunity Zones have been having a rough time in the press. The tax policy —bipartisan, market based, and designed to inject billions of dollars into long overlooked communities—has recently been cast in the media as another tax loophole for billionaires, giving investors (many political connected) big tax breaks to build real estate projects for the rich, not the underserved people the law was designed to help. Every new tax law creates a new loophole. There will always be bad actors and unintended consequences. As stories on tax policies go, it makes for a scandalous read. But there is another story, one less salacious but equally important, of bold investors and creative civic leaders using OZ law as it was meant to be. Powered by the Sorenson Impact Center , we are debuting the Forbes OZ 20: The Top Opportunity Zone Catalysts. Comprised of 10 trailblazing community organizations and 10 innovative OZ funds, the Forbes OZ 20 shines a light on the players … [Read more...] about Meet The Forbes OZ 20: The Top Players Investing For Lasting Impact