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The Consumer Financial Protection Bureau accused the bank of "cheating" customers out of more than $2 billion by misleading them about interest rates.
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Experts weigh in on the seesawing judicial fate of the Corporate Transparency Act and its beneficial ownership information reporting mandate.
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Rebecca Kutler, senior vice president for content strategy at MSNBC, will succeed Ms. Jones as interim president.
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Worsening wildfires are hiking up home insurance rates in California, the biggest market in the U.S. And as climate disasters increase across the country, other states are feeling the pressure too.
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Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.
"Despite a quiet global economic data front, this weekend and Monday morning have been anything but quiet as global yields are surging to record highs," said Stefanos Bazinas, execution strategist at the New York Stock Exchange. Indeed, both the 2-year Treasury yield ( 10.5 basis points to 4.319%) and the 10-year Treasury yield ( 20.3 basis points to 3.90%) continued to climb, hitting levels not seen in over a decade.
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And this, Bazinas says, comes after the U.K. last week announced the biggest tax cuts in more than 50 years and indicated more were to come. This sent the British pound to an all-time low against the U.S. dollar earlier today. The dollar, for its part, hit its highest level since early 2002.
Most sectors finished lower, led by sharp losses for real estate (-2.7%) and utility (-2.4%) stocks. And while consumer discretionary (-0.2%) also ended in the red, its loss wasn't nearly as deep thanks to strength in Las Vegas Sands (LVS, 11.8%) and Wynn Resorts (WYNN, 12.0%). The casino stocks rallied after Macau, a huge destination for Asian gambling, said it is planning on relaxing COVID-related travel restrictions as soon as November.
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