Bank of America Raises Minimum Wage to $20 Per Hour
Bank of America (NYSE:BAC) announced yesterday that it will raise the minimum wage for employees to $20 an hour over the course of the next two years. It will also freeze health care cost increases …
Two Former Goldman Sachs Execs Guilty of 1MDB Investment Fraud
According to the New York Times, two former Goldman Sachs (NYSE:GS) executives have been banned from working in the banking industry for their role in an illegal multibillion-dollar scheme involving a Malaysian government investment fund. …
Peloton Chooses JPMorgan and Goldman Sachs to Lead IPO
Peloton Interactive Inc. has chosen JPMorgan (NYSE:JPM) and Goldman Sachs Group Inc. (NYSE:GS) to lead its Initial Public Offering (IPO). The home exercise startup could be valued at more than $8 billion during the IPO, …
Oxfam Report: World’s Richest Own as Much as 50% Poorest
An Oxfam report highlighting the disparity between the rich and the poor has been released.
According to the findings, the 26 richest billionaires on the planet own the equivalent in assets as the …
Members Exchange Looking to Compete Against the NYSE and Nasdaq
The New York Stock Exchange and Nasdaq are about to get some stiff competition. Yesterday, a consortium of high-profile US banks, market movers, and brokerages announced plans to start their own trading venue. According to …
Canada’s Unemployment Rate Drops to Lowest Level in Decades
Good news for Canada’s workforce! Canada’s unemployment rate is at the lowest it has been in years. 5.6% low to be more precise. The news comes as the increase in job numbers in November beat …
Ex-JPMorgan Chase Trader Pleads Guilty for Multi-Year Metals Trade Fraud
An ex-JPMorgan Chase (NYSE:JPM) trader has admitted to manipulating the US precious metals market for a number of years.
JPMorgan Chase Metals Trade Fraud
John Edmonds, 36, pleaded guilty to only one count …
US Employment Report Shows a Booming Economy—Jobs Abound!
A US employment report has been released today. The report showcased the current strength of the country’s economy.
US employers added a massive 250,000 jobs in the month of October alone. Further, the …
PayPal and Walmart Team Up and Customers Can Soon Take Out Cash at Stores
PayPal Holdings, Inc. (NASDAQ:PYPL) just announced a huge collaboration today that left its stock closing in the green today, despite the Dow continuing to drop. PayPal and Walmart Inc. (NYSE:WMT) have agreed upon a partnership …
AMP Scandal: Caught Charging People for Life Insurance After They Died
Another AMP scandal has come to light. It’s been revealed that AMP—Australia’s largest wealth manager—charged $1.3 million in life insurance premiums to more than 4,500 deceased individuals… after they died.
The company has …