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Saturday, January 18, 2020

US stocks end turbulent week with broad gains

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be...

Federal Reserve foresees no interest rate hikes in 2019

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. The Fed said it...

Trump calls on Fed to make ‘substantial’ rate cuts

WASHINGTON (AP) — President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to allow the dollar to fall in value against foreign currencies. In...

BMO Financial Group expands into Fort Worth

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BMO Financial Group is expanding its North Texas presence with the launch of its second commercial banking unit in Fort Worth. Nick Salomone has been named Fort Worth Market Executive for BMO and the new...

Small business optimism showing early signs of slippage

NEW YORK (AP) — The fears of a slowing economy that sent stocks falling the past few months may be spreading to small business owners who have been quite optimistic in recent years. The problem...

Deutsche Bank to slash 18,000 jobs in sweeping restructuring

FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns...

Alan B. White, founder of PlainsCapital Bank, to step down as co-CEO of Hilltop

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Alan B. White, co-CEO and vice chairman of Dallas-based Hilltop Holdings Inc. (NYSE: HTH) will retire April 1, the company announced Feb. 22. White will step down from Hilltop Holdings’ board of directors and his...

US home prices outpaced income growth in 2018

WASHINGTON (AP) — Home prices in 2018 climbed 4.5%, while incomes grew 3.2%, according to CoreLogic real estate figures and government wage data released Friday. The gap suggests that affordability is worsening. Still, this gap...

Council Report: Pension plan fixes sent to Texas Legislature

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PENSION PLAN FIXES SENT TO LEGISLATURE The city council got an informal report March 26 confirming the submission of its pension fund restoration plan to the Legislature. In early December, the council approved a plan that over...