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Kristen Doerer is the digital reporter-producer for PBS NewsHour’s Making Sen$e.
The California Department of Justice has launched a criminal investigation into Wells Fargo, which was fined $185 million for illegal banking practices last month.
John Stumpf has stepped down as CEO and chairman of Wells Fargo. The bank’s president Tim Sloan will take over as CEO immediately.
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.
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.
In a surprise vote, Colombian voters rejected a monumental peace deal with the FARC rebels Sunday, with 50.2 percent voting against it.
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.
Ted Cruz announced Friday that he would vote for Republican presidential nominee Donald Trump this November.
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.
With improving incomes, 3.5 million people climbed out of poverty in 2015, pushing down the official poverty rate to 13.5 percent.
The Consumer Financial Protection Bureau fined Wells Fargo $100 million for illegal banking practices on Thursday.
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