Chris Arnold appears in the following:
Dow Jones Closes Above 20,000 Points For First Time Ever
Wednesday, January 25, 2017
The Dow Jones Industrial Average on Wednesday closed above 20,000 for the first time ever. The stock market has been on an tear since the election of Donald Trump.
President Trump To Cut Regulations By '75 Percent' — How Real Is That?
Tuesday, January 24, 2017
The president greeted business leaders on his first full weekday in office by promising to eliminate three-fourths of federal regulations. Easier said than done. Much easier.
Ex-Democrat Wilbur Ross Makes Some Republicans Nervous At Confirmation Hearing
Wednesday, January 18, 2017
The Commerce Secretary nominee signaled that the Trump administration would respond aggressively to trade violations, but several GOP senators worried that such confrontations could harm the economy.
A Closer Look At Trump's Pick To Head The Commerce Department
Wednesday, January 18, 2017
Billionaire Wilbur Ross will testify in front of a Senate committee on Wednesday. Democrats have criticized him as one of the Wall Street elites that Trump is packing into his administration.
Consumer Financial Protection Bureau Report Outlines Abuses By Debt Collectors
Thursday, January 12, 2017
The Consumer Financial Protection Bureau on Thursday is releasing a new report about abuses in the debt collection industry. This comes as the CFPB is crafting new rules to crack down on those practices.
Can An SEC Nominee With Ties To Goldman Regulate Wall Street Impartially?
Thursday, January 05, 2017
Donald Trump has nominated Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission. Critics say it's another example of Trump packing his Cabinet with Wall Street insiders.
For Whistleblowers, Repercussions Are Felt Beyond Wells Fargo
Friday, December 30, 2016
Former workers at Wells Fargo who resisted pressure to push banking products on customers who didn't want them say the bank retaliated against them by docking their permanent record, sabotaging future job prospects.
DOJ's Big Bank Settlements Remove Potential Conflict Of Interest For Trump
Friday, December 23, 2016
Regulators reached a $7.2 billion deal with Deutsche Bank over toxic mortgage securities. President-elect Donald Trump owes the bank hundreds of millions. Credit Suisse agreed to pay $5.3 billion.
Wilbur Ross: The Best Commerce Secretary Pick Dems Could Hope For?
Wednesday, December 14, 2016
He's a billionaire respected by organized labor and Trump's pick for secretary of commerce. But Wilbur Ross Jr. still has left-wing critics who see him as a vulture capitalist.
Postelection Stock Market Rise Shocks Prominent Economists
Wednesday, November 30, 2016
Before the election, two prominent economists were predicting that the stock market would fall 12 percent lower if Trump won versus Clinton. But, as it often does, the market surprised everybody and went in the other direction.
Federal Reserve Chair Throws Cold Water On Trump's Economic Plan
Thursday, November 17, 2016
Janet Yellen warned Congress Thursday the timing might not be right for infrastructure spending and questioned Donald Trump's assertions that the Dodd-Frank stock market rules stifle economic growth.
America's 'Forgotten' Hear Trump's Economic Battle Cry, But Will He Deliver?
Wednesday, November 16, 2016
We're about to find out whether Donald Trump governs as a populist champion or as a more traditional Republican when it comes to the economy — or a new mix of both.
In Economy As In Business, Trumponomics May Mean Building Big Things
Wednesday, November 09, 2016
In his acceptance speech, Trump pledges investments for U.S. infrastructure, adding a little specificity to his vague campaign promises. Skittish business leaders will watch who he puts on his team.
Senators Investigate Reports Wells Fargo Punished Workers
Friday, November 04, 2016
Elizabeth Warren and two other senators are asking the bank about reports of retribution against would-be whistleblowers. The senators cite NPR reports about workers who were fired or pushed to quit.
Financial Markets Get The Jitters Ahead Of Election Day
Thursday, November 03, 2016
With less than a week to go to voting day for the presidential election, and the race between Donald Trump and Hillary Clinton tightening, financial markets are starting to get the jitters. With the election almost upon us, the stock market is paying close attention — and that's unusual. Markets don't usually move too much based on who wins the presidency. But this time around it's a different story, and as Donald Trump's prospects have improved, stocks have been falling.
Workers Say Wells Fargo Unfairly Scarred Their Careers
Friday, October 21, 2016
In the ongoing scandal engulfing Wells Fargo, the bank says it fired wrongdoers. But some workers say they were trying to blow the whistle and Wells Fargo fired them.
Fired Wells Fargo Employees Allege Attempts To Blow The Whistle
Friday, October 14, 2016
Wells Fargo's CEO has said the banking scandal was the the fault of some bad apples at the company who have been fired. But former workers are now speaking out and telling NPR they were "good apples," and they were fired, too. Some were fired after calling the company's ethics line repeatedly to complain about the gaming and fraud and oppressive sales culture at the company. And some say being fired by Wells Fargo a few years ago has badly damaged their careers ever since.
Wells Fargo CEO John Stumpf Steps Down
Wednesday, October 12, 2016
Wells Fargo CEO John Stumpf is retiring, effective immediately, in wake of the scandal over the bank's sales practices. Stumpf has been under fire since federal regulators fined the bank $185 million.
Former Wells Fargo Employees Describe Toxic Sales Culture, Even At HQ
Tuesday, October 04, 2016
Wells Fargo workers blame a toxic high-pressure sales culture for pushing some workers to engage in deceptive practices — even in the bank branch at the company's headquarters in San Francisco.
The Scandal That Envelops Wells Fargo Keeps Growing
Thursday, September 29, 2016
Wells Fargo CEO John Stumpf goes before the House Financial Services Committee on Thursday to further respond to questions about the misuse of customer accounts. Former employees are suing the bank.