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SEC Letter Shows Bitcoin Funds Won't Happen Soon, If Ever

SEC Letter Shows Bitcoin Funds Won't Happen Soon, If Ever

Jan 23
It may be a while, if ever, before investors can buy an exchange-traded fund made up of bitcoin and other digital currencies.

Tax Law Gives Unexpected Break to Farmers Who Sell to Co-ops

Tax Law Gives Unexpected Break to Farmers Who Sell to Co-ops

By Steve Karnowski | Jan 21
Key senators and farm groups are trying to fix a provision in the federal tax overhaul that gave an unexpected tax break to farmers who sell their crops to cooperatives rather than regular companies.

AP FACT CHECK: Trump Disdained Jobless Rate, Now Loves It

AP FACT CHECK: Trump Disdained Jobless Rate, Now Loves It

By Christopher Rugaber and Josh Boak | Jan 21
Donald Trump, the presidential candidate, would not like the way Trump, the president, is crowing about today's unemployment rate. He'd be calling the whole thing a "hoax."

Mulvaney Requests No Funding for Consumer Agency in 2Q

Mulvaney Requests No Funding for Consumer Agency in 2Q

By Ken Sweet | Jan 20
The Trump-appointed acting director of the federal government's consumer watchdog agency requested zero dollars of funding for its second-quarter budget, saying he intends to first spend down the agency's rainy day fund.

Maybe Next Time: Cities See Failed Amazon Bids As Trial Runs

Maybe Next Time: Cities See Failed Amazon Bids As Trial Runs

By Corey Williams | Jan 19
For some of the 200-plus cities knocked out of the running for Amazon's second headquarters, the effort may turn out to be a trial run for other opportunities.

Consumer Watchdog Considering Repeal of Payday Lending Rule

Consumer Watchdog Considering Repeal of Payday Lending Rule

By Ken Sweet | Jan 18
The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders.

Liz Weston: What Good Financial Advice Looks Like

Liz Weston: What Good Financial Advice Looks Like

By Liz Weston | Jan 17
Good financial advice can help you achieve your life goals. Bad financial advice can cost you a fortune and leave you worse off than if you had tried to go it alone.

Citigroup Reports $18.3 Billion Loss, Caused by New Tax Law

Citigroup Reports $18.3 Billion Loss, Caused by New Tax Law

By Ken Sweet | Jan 17
Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday - effectively wiping out the company's full-year 2017 profit - as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law.

Why the GOP Tax Cuts Are Boosting Stocks and Who Gains Most

Why the GOP Tax Cuts Are Boosting Stocks and Who Gains Most

By Josh Boak | Jan 16
Republicans assert that the plan will deliver stronger economic growth and substantial pay raises for the middle class. Democrats and most economists counter that the measure will overwhelmingly favor corporations and wealthy individuals.

How to Leverage Great Credit Without Borrowing A Dime

How to Leverage Great Credit Without Borrowing A Dime

By Gregory Karp | Jan 15
As average credit scores for Americans continue to rise, the question for many becomes how to use their excellent credit rating to optimize their lives without borrowing money or adding risk.

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