Truist – BB&T, SunTrust merger – names Julia Harman North Texas Community Banking Regional President

Truist Financial Corporation (NYSE: TFC), the result of the historic merger of equals between BB&T and SunTrust, announced Dec. 10 that Julia Harman has been appointed as the Truist regional president for North Texas. Harman, based in Dallas, will be responsible for delivering the full complement of the company’s services to clients in the area.… Continue reading Truist – BB&T, SunTrust merger – names Julia Harman North Texas Community Banking Regional President

The inauguration of Greg Abbott and Dan Patrick cost millions. But much of it went to fundraising and staff.

The stage erected in front of the state Capitol in January was the site of this year's oath of office ceremony for Gov. Greg Abbott and Lt. Gov. Dan Patrick. Miguel Gutierrez Jr. / The Texas Tribune.

Spending on each of the last two inaugurations eclipsed that of any other in Texas for at least 40 years, even when adjusted for inflation. A spokesman for the governor has said no state dollars were spent on the festivities.

Fed’s Powell sees steady growth, signals pause in rate cuts

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about the prospects for the U.S. economy and said… Continue reading Fed’s Powell sees steady growth, signals pause in rate cuts

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Spending on U.S. credit, debit and pre-payment cards to top $10 trillion this year

Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023 according to statistics released this week from The Nilson Report, a card and mobile payment industry trade publication. At the end of 2018, there… Continue reading Spending on U.S. credit, debit and pre-payment cards to top $10 trillion this year

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Categorized as Economy

Sparkyard plan aims to grow Fort Worth’s entrepreneurial ecosystem

Although Fort Worth is the 13th most populous city in the nation, the city does not have a palpable business image as compared to other larger cities, like how San Francisco is known for technology or New York for finance. It’s a question that has been asked at at the University of North Texas Health… Continue reading Sparkyard plan aims to grow Fort Worth’s entrepreneurial ecosystem

Dow hits record as stock market rally extends into 5th week

NEW YORK (AP) — The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market’s rally carried into a fifth week. Oil producers, banks and other stocks that do well when the economy is strengthening again led the way. It’s a notable shift in… Continue reading Dow hits record as stock market rally extends into 5th week

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Categorized as Economy

Why Trump tariffs haven’t revitalized American steelmakers

WASHINGTON (AP) — President Donald Trump’s move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans who work for them. That… Continue reading Why Trump tariffs haven’t revitalized American steelmakers

Berkshire Hathaway’s third-quarter profits decline 11%, BNSF strong

OMAHA, Neb. (AP) — Warren Buffett’s company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits on a mountain of cash. Berkshire Hathaway said it made $16.52 billion, or $10,119 per Class A share, in the quarter,… Continue reading Berkshire Hathaway’s third-quarter profits decline 11%, BNSF strong

Retailers seek to stretch shortened holiday shopping season

NEW YORK (AP) — All they want for Christmas is more time. Faced with the shortest holiday shopping season since 2013, retailers are trying to figure out ways to get into the minds of shoppers sooner. Walmart, for instance, began offering holiday deals online for toys, TVs and mini trampolines nearly a week before Halloween.… Continue reading Retailers seek to stretch shortened holiday shopping season