Tension Rises between Pelosi and the Far-Left “Squad”

House Speaker Nancy Pelosi’s hold on the fractured House Democratic Caucus is loosening, as the Californian’s burgeoning feud with a small group of far-left freshmen has spilled into public.

However, President Trump’s decision to target the four Democratic lawmakers—all minority women—with a series of offensive tweets over the weekend, has taken the heat off of Pelosi and handed her an opportunity to unify her caucus.

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What Deutsche Bank’s Retreat Means for U.S. Banks

Deutsche Bank’s plan to downsize is a boon for U.S. investment banks. Germany’s largest bank recently announced that it will cut 18,000 jobs and shut its global equities sales and trading business. The institution will now focus on corporate banking, and asset and wealth management. The bank has been under pressure after years of low profitability, money-laundering scandals and more competition from U.S. investment banks on its own turf. Continue reading “What Deutsche Bank’s Retreat Means for U.S. Banks”

Amazon’s ‘Christmas in July’ Forces the Retail World to Respond

Amazon’s self-created “Christmas in July” sales holiday is coming. The retail juggernaut launches its fifth annual “Amazon Prime Day” at 12 a.m. PDT July 15, which runs until 11:59 p.m. PDT July 16. Amazon boasts that this 48-hour sale bonanza will offer Amazon Prime customers a variety of deals on products—from tech items such as Amazon Fire TV, Amazon Alexa, smartwatches and headphones, to kitchen appliances and bedding.

But that doesn’t mean that its competitors such as eBay, Target, Walmart, Kohls and Bed, Bath & Beyond are taking this sitting down. These rival retail giants are firing back with deals of their own.

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