Economy Oct 19 California launches Wells Fargo criminal investigation over fake accounts The California Department of Justice has launched a criminal investigation into Wells Fargo, which was fined $185 million for illegal banking practices last month.
Economy Oct 12 Embroiled in scandal, Wells Fargo CEO resigns John Stumpf has stepped down as CEO and chairman of Wells Fargo. The bank’s president Tim Sloan will take over as CEO immediately.
Economy Oct 10 Why two economists’ work in contract theory won them a Nobel Prize Two economists, Oliver Hart at Harvard and Bengt Holmström at MIT, have won a Nobel Prize in economic sciences for their contributions in contract theory.
Economy Oct 07 Modest labor gains in September show economy chugging along The U.S. economy added 156,000 jobs in September, and the unemployment rate ticked up to 5 percent due to more people entering the workforce.
World Oct 03 Colombians reject peace deal with FARC rebels in narrow vote In a surprise vote, Colombian voters rejected a monumental peace deal with the FARC rebels Sunday, with 50.2 percent voting against it.
Nation Sep 28 Black man fatally shot by San Diego-area police was not holding a weapon A police officer in a San Diego suburb shot and killed an unarmed black man Tuesday, after the 30-year-old drew an object and took a “shooting stance,” El Cajon, California, authorities said.
Politics Sep 23 Ted Cruz changes course, endorses Donald Trump Ted Cruz announced Friday that he would vote for Republican presidential nominee Donald Trump this November.
Economy Sep 22 This innovative idea can ‘unshackle’ poor people from payday loans and bad credit scores By building upon a widely used, informal lending practice in the immigrant community, José A. Quiñonez is giving poor immigrants access to credit in the financial mainstream.
Economy Sep 13 Income is up, poverty is down, but neither are back at pre-recession levels With improving incomes, 3.5 million people climbed out of poverty in 2015, pushing down the official poverty rate to 13.5 percent.
Economy Sep 08 Wells Fargo fined for creating fake accounts, other illegal practices The Consumer Financial Protection Bureau fined Wells Fargo $100 million for illegal banking practices on Thursday.