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Red Squares Cufflinks

The steady drumbeat of disappointing economic data reinforced caution, including Japan’s slowing industrial output and retail sales, declining German inflation and U.S. data for November showing contracts to buy previously owned homes fell unexpectedly in the latest sign of housing market weakness. Breaking with the bad news, the Chicago Purchasing Management Index came in ahead of consensus. Chris Bailey, a strategist at brokerage Raymond James Financial Inc, said dollar weakness was good news for non-U.S. assets gucci cufflinks amazon.

“If we get the transmission mechanism of a lower dollar, stocks outside the U.S. are set up for a good 2019,” Bailey said. “Once people get their heads around the fact the U.S gucci cufflinks amazon. is not going to have yet another double-digit return year in 2019, you can look elsewhere.”. That would be a relief to world markets that largely underperformed the United States in 2018. Bonds have also been helped in recent weeks by risk aversion. U.S. benchmark 10-year Treasury notes last rose 8/32 in price to yield 2.7146 percent, compared with 2.743 percent late on Thursday. [US/]..

NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) will pay $575 million to settle claims made by U.S. states, the latest settlement as the bank works to resolve lingering investigations and legal battles stemming from its sales-practices scandal and to remove a punitive asset cap gucci cufflinks amazon. Two years ago, Wells Fargo agreed to pay $190 million to settle federal government claims that the bank created phony customer accounts. Since then, the bank has racked up over $2 billion in penalties as other issues were discovered across most of its business lines..

Friday’s settlement resolves claims by all 50 states and the District of Columbia related to the accounts, as well as claims that the bank improperly referred and charged customers for a number of financial products like auto and life insurance. “Instead of safeguarding its customers Wells Fargo exploited them,” California Attorney General Xavier Becerra said in a statement gucci cufflinks amazon. “This is an incredible breach of trust that threatens not only the customer who depended on Wells Fargo, but confidence in our banking system.”..

The settlement, confirmed by Wells Fargo and the offices of various state attorneys general, was first reported earlier by Reuters. Wells Fargo has been seeking a fresh start after revelations that its employees opened potentially millions of unauthorized accounts tangled the nation’s fourth-largest bank in fierce investor and regulatory scrutiny for the past two years. Over the summer, Wells Fargo launched a marketing campaign saying the bank had been “re-established” this year, but Wells Fargo continued to attract fresh headlines about the customer abuses of the past gucci cufflinks amazon.