Wednesday, 13 November 2019

Black student loan borrowers are defaulting at nearly twice the rate of whites: NY Fed

Black student loan borrowers are defaulting at nearly twice the rate of whites: NY Fed

Student loan borrowers from mostly black neighborhoods are almost twice as likely to default on their debt as borrowers from neighborhoods that are mostly white, according to research released Wednesday by the Federal Reserve Bank of New York.

MetLife sued for gender discrimination by ex-chief administrative officer

MetLife Inc was sued for gender discrimination on Wednesday by a female former senior vice president who said she was underpaid, called a "bitch" and told she had to "choose between being pretty and being smart" while working at the insurance company.

Shares, bond yields slip on sour trade deal sentiment

Global equity markets and government bond yields fell on Wednesday as sentiment soured that a U.S.-China trade deal can be reached soon and on fears intensifying unrest in Hong Kong may lead to a Chinese crackdown.

Google Pay to offer checking accounts through Citi, Stanford Federal next year

Alphabet Inc's Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app in partnership with Citigroup Inc and a small credit union at Stanford University.

S&P wobbles on fresh trade uncertainty; Disney lifts Dow

The S&P 500 and Nasdaq stock indexes slipped on Wednesday on fresh uncertainty over U.S.-China trade relations, while a jump in Walt Disney shares boosted the Dow.

Trade talks between U.S. and China 'hit a snag' over farm purchases: WSJ

U.S.-China trade negotiations have 'hit a snag' over farm purchases, with China not wanting a deal that looks one-sided in the favor of the United States, the Wall Street Journal reported https://on.wsj.com/2CEYDR7 on Wednesday, citing people familiar with the matter.

Facebook removes 3.2 billion fake accounts, millions of child abuse posts

Facebook Inc removed 3.2 billion fake accounts between April and September this year, along with millions of posts depicting child abuse and suicide, according to its latest content moderation report released on Wednesday.

United Auto Workers union unveils ethics reforms after U.S. corruption probe

The United Auto Workers (UAW) on Wednesday announced a series of ethics reforms in answer to a spreading U.S. federal corruption probe that has resulted in charges or convictions for a number of former leaders of the union.

Ferrari adds Roma to growing 'Prancing Horse' stable

Ferrari is set to roll out the Roma, a record fifth new model this year for the 'Prancing Horse', as it expands its stable to help sustain its profit and share price growth.

Brazil antitrust regulator to reassess Disney-Fox deal

Brazil's antitrust regulator said on Wednesday it will reassess Walt Disney Co's (DIS.N) $71 billion purchase of Twenty-First Century Fox (FOXA.O) because the divestiture requested by the regulator as a condition for the merger of U.S. media companies has not happened yet.

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