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"Fiscal cliff" talks turn sour, Obama threatens veto

Talks to avoid a fiscal crisis appeared to stall on Wednesday as President Barack Obama accused Republicans of digging in their heels due to a personal grudge against him, while a top Republican called the president "irrational." As the clock ticks toward a year-end deadline, Obama and House of

Bank Hacks Were Work of Iranians, Officials Say

SAN FRANCISCO — The attackers hit one American bank after the next. As in so many previous attacks, dozens of online banking sites slowed, hiccupped or ground to a halt before recovering several minutes later. But there was something disturbingly different about the wave of online attacks on

Madoff Aside, Financial Fraud Defies Policing

To Philip Horn, the Braemar Country Club was not just a golf course, it was an extension of his office. Most weeks, Mr. Horn, a financial adviser at Wells Fargo, chatted up potential clients between holes at the upscale club set against the backdrop of the Santa Monica Mountains. "I always thought

JP Morgan's Guide To The Markets

David P. Kelly, chief global strategist at JP Morgan Funds and his team have published the latest quarterly Guide To The Markets. As investors head into the first quarter, Kelly and his team put together charts that look at the long-term trends in equities, returns of various asset classes, changes

Here's Where USA is In The Business Cycle

The U.S. is currently coming down from mid-cycle in the business cycle and will likely stay that way, provided that debt ceiling discussions go smoothly. This is according to Lisa Emsbo-Mattingly, an economist at Fidelity Investments. This means that growth might not be as strong at it was when the

The 15 Best Charts Of The Week

The world is changing, and nowhere can that be seen better than in a good series of charts. Luckily, despite the relative shortage of market-moving headlines, we've seen no shortage of excellent charts this week. The best charts we found this week touch on everything from China demographics to the

Goldman : Long Euro trading Call

GOLDMAN: It's Time To Position For A Big Upward Move In The Euro For the past few months, Goldman Sachs has had a problematic trade on its hands. On October 22, 2012, the bank's currency strategists recommended clients go long the euro against the Canadian dollar. The trade was initiated at a level

Pound to Euro Exchange Rate: Parity Possible say Deutsche

A flash-sale of Pound Sterling characterised markets at the start of a new week in global foreign exchange as the hard-Brexit story continues to be digested. Sterling fell on weekend news that the UK Prime Minister would use a speech on Tuesday to argue for red-lines over EU migration and an exit

World's eight richest as wealthy as half humanity, Oxfam tells Davos

DAVOS, Switzerland (Reuters) - Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. As decision makers and many of the super-rich gather for this week's World

New CySEC Regulations Force Exness to Limit ‘Unlimited’ Leverage to 1:200

Client protection takes center stage as the unlimited leverage that the brokerage was offering is restricted The Cyprus Securities and Exchange Commission (CySEC) is taking substantial steps to increase client protection with its new regulations . The regulator is settee introduce a new set of