New York Fed names John Williams president and CEO

New York Fed names John Williams president and CEO

Prior to becoming president, Williams was the executive vice president and director of research at the San Francisco Fed, which he joined in 2002. He began his career in 1994 as an economist at the Board of Governors. He also served as a senior economist at the White House Council of Economic
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Weekly Mortgage Applications Dip Over Stock Market Concerns

With stocks trading between highs and lows for weeks and with fears of a global trade war mounting, would-be homebuyers showed restraint, with mortgage applications decreasing 3.3% for the week ending March 30. That figure is according to the Mortgage Bankers Association's Weekly Mortgage
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Brazil Railroad Posting 755% Rally Fights to Keep Take-or-Pay Clause

On one side are heavyweight commodity traders like Bunge Ltd. and Louis Dreyfus Co., which buy grains from rural farmers and ship them to ports 1,200 miles away. On the other, Rumo Logistica SA, the only railroad operator along large swaths of Brazil's main-growing regions. Rumo's multiyear
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Who's Who in Residential Real Estate: Top-selling Realtors in 2017

The Who's Who in Residential Real Estate is a listing of regional agents whose sales topped $5 million in 2017. This year, we received more than 430 responses, up from 380 a year ago. There were 13 agents (or agent groups) topping $30 million in sales in 2017, 38 over $20 million and 136 who sold
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Spotify's Cautious Analysts Start to Emerge, Shares Stumble

… Corey Barrett, who doesn't have a rating on Spotify, said in an interview that there's a risk that larger competitors such as Amazon.com Inc. may price their music services more aggressively. … The stock has amassed five buy ratings, four holds and zero sells, according to data compiled by Bloomberg.
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INVESTORS' CORNER: Should I attend real estate meetings?

By Nasar. El-arabi Did you know a good deal of your success in real estate investing is attributed to getting to know and working with the right people? No kidding. It is my guess that you've heard the phrase, 'It's all about who you know'. Well, nowhere does it ring truer than in the real estate … Subscribe
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Denver-area home prices hit another high; inventory rising as spring selling season begins

DENVER – The weather is starting to get warmer and so is metro Denver's already-hot real estate market. The latest numbers from the Denver Metro Association of Realtors show that the median home price – for both single-family detached homes and condos – in metro Denver continued to rise in
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Trump Scoffs at China Trade War 'Lost' Years Ago by Predecessors

… by his predecessors, sounding a defiant tone amid tumult in financial markets a day after his administration slapped tariffs on 1,333 Chinese products. … soybeans to wine to Boeing Co. aircraft, a tougher response than many had expected, hammering U.S. stocks when markets opened in New York.
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Greater Toronto Area home sales dip 39.5 per cent from March 2017

Both sales and price figures reported by the Toronto Real Estate Board on Wednesday dropped significantly from last year — what some observers consider a market peak –when home prices and sales skyrocketed and bidding wars became the norm, pushing the Ontario government to introduce a
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Xact Kapitalforvaltning AB Buys New Holdings in Argo Group International Holdings, Ltd. (AGII)

A number of other institutional investors and hedge funds have also recently modified their holdings of AGII. Delpha Capital Management LLC acquired a new position in Argo Group International in the 4th quarter worth about $183,000. Ramsey Quantitative Systems bought a new stake in shares of Argo
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Digital Banking? Look To Asia And Africa For Leaders

But for now, I am going to focus on digital banking and the sharp contrasts between the speed of adoption in the developing world — Asia and Africa in his account — compared to technology deployed in banking in most of North American Europe. He is more than a little skeptical about banks that slap a
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When Should You Buy O2Micro International Limited (NASDAQ:OIIM)?

O2Micro International Limited (NASDAQ:OIIM), a semiconductor company based in Cayman Islands, saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $1.74 and falling to the lows of $1.36. This high level of volatility gives investors the opportunity
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Could Lincoln City fans be in line for a small fortune if they fancy a flutter in the Checkatrade Trophy …

The bookies have revealed how Imps fans could be in line to make a small fortune if they are prepared to put their money on Lincoln in the Checkatrade Trophy final. But it's not all good news as it seems Shrewsbury Town are tipped as the favourites to win the Checkatrade Trophy this Sunday, with some
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How does the Trump administration's plan to modernize fair lending stack up?

The Treasury Department on Monday released its plan to “modernize and improve” the Community Reinvestment Act, a 41-year-old law designed to fight the historic effects of government-sponsored lending discrimination. The move marks the first time the Trump administration has outlined its vision to
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Vancouver and the Canadian Real Estate Bubble

Vancouver, in British Columbia, Canada, is one of the most beautiful cities in North America. The metropolis is now being known for a much less envious reason: many real estate professionals hold the opinion that the Canadian city is now experiencing a real estate asset abnormal rise or what is
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Meet the 'Conductor' of the Open Banking Orchestra

Our challenge then was to improve the interoperability of infrastructure that was performing different functions in banks. Things have changed dramatically with the advent of Open Banking/PSD2. We are now working extensively to harmonise standards around the APIs that allow banks to connect their
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3 Insights for Small Businesses From Fed Survey on Bank Lending

In January, the Federal Reserve released the results of its quarterly survey of senior loan officers' opinions about trends in bank lending practices. As part of the Fed's effort to stay abreast of banking trends, the senior loan officer survey gauges changes in credit market demand and supply trends over
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March home sales slow in Metro Vancouver but prices stay high: real estate board

VANCOUVER — Metro Vancouver home sales over the first quarter of this year were the lowest in five years, but statistics from the Real Estate Board of Greater Vancouver show prices remain high. The board says home sales across the region in March tumbled 29.7 per cent compared with March 2017
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Colorado cannabis banking service partners with e-payment system

Safe Harbor currently banks more than $1 billion in compliance-based cannabis funds each year in Colorado. It's a division of the Partner Colorado Credit Union, and was started to minimize the risks a cash-based industry can impose. CEO Sundie Seefried created and launched a cannabis banking
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Greater Toronto Home Sales Drop Nearly 40%, Vancouver Sales Down Almost 30%

The average price of a home sold in Toronto has fallen by more than 14 per cent over the past year, to $784,558 last month compared with $915,126 in March last year. The board says the drop in the average selling price was due in part to the fact that sales of detached homes, which are generally more
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