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Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business 02/01/2024 07:27am • GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Chairman Romeo Lacher expressed “regret” Idaho ruling helps clear the way for a controversial University of Phoenix acquisition 01/31/2024 07:37pm • The University of Idaho said Wednesday it would move forward with its planned affiliation with the for-profit University of Phoenix in a nearly $700 million deal after a judge dismissed the state attorney general's lawsuit alleging the deal was done in violation of an open meetings law. Attorney Gen Will the Stock Market Crash in 2024? 6 Risk Factors 01/31/2024 07:00pm • Slivers of sunlight have finally pierced through the clouds in America, as the nation's gross domestic product grew by an annual rate of 3.3% in the fourth quarter of 2023. That news should help the U.S. stock market, which has gained 1.6% as measured by the S&P 500 index on a year-to-date basis Tunisia wants to borrow billions from its central bank to address deficits. Experts call that risky 01/31/2024 03:40pm • TUNIS, Tunisia (AP) — Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis, a step that experts warn could bring inflation and lessen faith in institutions. In an emergency meeting behind c Text of the policy statement the Federal Reserve released Wednesday 01/31/2024 02:34pm • WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate ha Order to liquidate property giant China Evergrande is just one step in fixing China's debt crisis 01/31/2024 02:10am • BANGKOK (AP) — A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis that is haunting financial markets and dragging on the Chinese economy. Evergrande owes $340 billion to its Police in Sri Lanka use tear gas to disperse opposition protest against dire economic conditions 01/30/2024 08:28pm • COLOMBO, Sri Lanka (AP) — Sri Lanka's police used Tuesday tear gas and water cannons to disperse an opposition protest in the island nation facing its worst economic crisis while gearing up for a national election later this year. Protesters from the main opposition United People’s Power party Mexico's economy ekes out 0.1% expansion in 4th quarter, posts growth of 3.1% for 2023 01/30/2024 07:57pm • MEXICO CITY (AP) — Mexico's economy barely eked out a 0.1% increase in the fourth quarter, bringing estimated growth for 2023 to 3.1%, according to preliminary figures published Tuesday by Mexico’s National Statistics Institute. The institute said that services advanced 0.1% in the fourth quarte What Does It Mean to Be Unbanked? 01/30/2024 07:00pm • Using traditional banking services is crucial to navigate today's world. Still, millions of U.S. households are unbanked, lacking a checking account with a bank or credit union. If you want a bank account and don't have one, underserved banking programs are available, along with financial literacy e The Ultimate Guide to Understanding 529 College Savings Plans 01/30/2024 07:00pm • Key Takeaways-- 529 plans are state-sponsored accounts that offer tax-advantaged savings for education expenses; they cover college, trade and vocational courses, and qualified K-12 expenses.-- Recent expansions allow 529 funds for apprenticeship programs and student loan repayments without tax cons 1 in 5 Divorced People: Debt Contributed to Their Split 01/30/2024 07:00pm • For many couples, marriage is synonymous with buying a home, starting a family and navigating life's milestones in sickness and in health. But many things in life come at a cost, which is often financed using mortgages, joint credit cards and other shared loans. When marriage ends in divorce, untang Navy veteran Joe Fraser launches GOP campaign to oust Democratic Sen. Amy Klobuchar in Minnesota 01/30/2024 03:26pm • DULUTH, Minn. (AP) — Republican Joe Fraser, a U.S. Navy veteran and political newcomer, launched a longshot campaign Tuesday to oust three-term Democratic U.S. Sen. Amy Klobuchar, of Minnesota. Fraser, 50, of Minnetrista, on the western edge of the Twin Cities area, kicked off his campaign with a US Asians and Pacific Islanders worry over economy, health care costs, AP-NORC/AAPI data poll shows 01/30/2024 01:00pm • Asian Americans and Pacific Islanders in the United States are somewhat more optimistic than the overall adult population about their personal finances, but recent polling shows the outlook isn't quite as sunny when it comes to keeping up with household expenses or unexpected medical costs. A new po Britain's Conservative government warned against tax cuts by IMF economist 01/30/2024 11:20am • LONDON (AP) — The International Monetary Fund’s chief economist has advised the U.K. government to avoid further tax cuts amid expectations Prime Minister Rishi Sunak’s battered administration will do just that to win over voters in an election year. Instead of reducing taxes, the government s French police asked for extra pay during Paris Olympics. They will get bonuses of up to $2,000 01/30/2024 05:31am • Police officers deployed during the Paris Olympics will receive bonuses of up to 1,900 euros ($2,050), French Interior Minister Gerald Darmanin said on Tuesday in reaction to protests. Police unions worried about working conditions during the Olympic Games from July 26-Aug. 11 and the Paralympics th