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The CEO of the American Bankers Association called on the federal government to do more to fight online financial scams.Getty ImagesThe American Bankers Association is urging federal action on online financial fraud.Banks are facing increased liability for scams, with $10 billion in losses reported last year.ABA’s proposed measures include a national strategy, new federal offices, and updated fraud laws.Remember the Spider-Man meme where he points at himself? Banks and the federal government are in a similar situation, pointing to each other to solve the problem of online financial scams.For its part, the government wants banks to take on more responsibility,…

Officials are preparing for potential civil unrest postelection.J. Scott Applewhite/APThe United States is preparing for civil unrest surrounding the election.Election Day itself isn’t as high of a risk as the postelection period, analysts say.While the 2022 midterms passed peacefully, tensions are higher during a presidential election.The turmoil that took place after the last US presidential election has left its mark.So this time around, as Election Day looms, businesses and governments around the country are preparing in advance — especially if the results are close.The consensus going into Election Day is that will be the case.Seven swing states offer multiple avenues…

Sherwin-Williams will join the Dow Jones Industrial Average.Justin Sullivan/Getty ImagesSherwin-Williams will join the Dow Jones Industrial Average on November 8.Sherwin-Williams has a market cap of $90.15 billion.Here’s everything to know about the paint company.Your neighborhood paint company just made it to the Dow Jones Industrial Average.The Dow Jones Industrial Average is one of the oldest stock market indexes. It includes 30 of the most influential and capitalized companies in the US economy.S&P Dow Jones Indices announced on Friday that it will add Sherwin-Williams to the index to “ensure a more representative exposure” to the materials industry.The paint company will replace…

How trading looked in the 1990s.Reuters / Juda NgwenyaNvidia stock has surged 332,000% since its 1999 IPO, leading the past 20 years.Despite its growth, Nvidia isn’t among the top-performing stocks of the last century.Below, we list the 27 best-performing stocks since 1925, according to Hendrik Bessembinder’s.Nvidia stock has soared almost 332,000% since the company went public in 1999. As of December 2023, it’s been the best-performing stock of the last 20 years with a 33.38% average annual return, according to Hendrik Bessembinder, a professor at Arizona State University.Yet, data in a recent paper published by Bessembinder shows it still has…

There are several real-estate markets where there’s a prevalence of affordable houses.Joe Raedle / Getty ImagesHome transaction activity is up since mortgage rates are down from their peak.However, some property owners and homebuyers still seem to be in a stalemate.Here are seven real-estate markets where homes are affordable and available.Home sales picked up steam this autumn, but many buyers still refuse to bite until prices fall.The US housing market perked up after mortgage rates plunged from their mid-summer peak through mid-September, even though they’ve experienced a remarkable resurgence since then.Pending home sales rose 7.4% in September, which was the largest…

A new Des Moines Register/Mediacom poll showed Vice President Kamala Harris with an advantage in GOP-leaning Iowa.ANGELA WEISS/AFP via Getty ImagesA new Des Moines Register/Mediacom Iowa poll shows Harris leading Trump by 3 points in the state.It’s a significant shift in a conservative-leaning state that Trump won by eight points in 2020.Experts say it could bode well for Harris as Iowa’s demographics translate to nearby swing states.A new Des Moines Register/Mediacom poll published on Saturday showed Vice President Kamala Harris ahead of former President Donald Trump by three points in Iowa, a massive development in a state once seen as…

Europe’s automakers are under pressure amid slowing EV sales.FREDERICK FLORIN / AFPCar companies are cutting costs heading into the end of the year.A price war in China poses a threat to profitability.Bloated inventory leads to production cuts.It’s been a busy few days for auto companies.Ford and Volkswagen each pulled back vehicle production plans this week. After the last shift on Friday, November 15, Ford will pause F-150 Lightning production until next year, while VW said it is considering historic plant closures in Germany that would lay off hundreds of workers.Meanwhile, Tesla fell behind China’s BYD in quarterly revenue for the…

Vice President Kamala Harris joined actor Maya Rudolph on “Saturday Night Live.”Charly Triballeau/AFP via Getty ImagesKamala Harris appeared on “Saturday Night Live” for a cameo ahead of the US election.The vice president appeared alongside actor Maya Rudolph in the show’s cold open.”You can do something your opponent cannot do: you can open doors,” Harris joked about Trump.Kamala Harris made a surprise campaign stop this weekend: Studio 8H, 30 Rockefeller Plaza.The vice president flew to New York City on Saturday after a campaign event in North Carolina to appear in the last episode of “Saturday Night Live” before voters go to…

A teacher helps out his student with her workDobrila Vignjevic/Getty ImagesDixie La Pierre is a 55-year-old who remembers what it was like to grow up poor in New Orleans.When she was 10, her class was having a McDonald’s that she knew her mother couldn’t afford.Her teacher randomly selected her to do chores so she too could participate in the class treat.Growing up, my mom was a single parent to myself and my younger sister in New Orleans. Throughout my childhood, my mom worked between three and four jobs at a time to provide for our family. She worked for an…

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