The Traderszone Network

Billionaire investor and director of the Federal Reserve Bank of New York, Glenn Hutchins, says we are not talking enough about economic insecurity.

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Brazilian lenders Banco Bradesco (BBDC4.SA) and Banco do Brasil (BBAS3.SA) are in talks to buy Citigroup’s (C.N) stake in a credit card processing joint venture with Elavon Inc, a source with knowledge of the negotiations said on Saturday. The acquisition could be closed next month by Bradesco and Banco do Brasil’s holding company Elo Participações, the source said, asking not to be named because the discussions are confidential. Representatives for Bradesco, Banco do Brasil and Citigroup declined to comment on the talks, which were first reported in Saturday’s edition of Estado de S.Paulo.

It was a banner year for the human enzyme specialist.

Submitted by Jon Schwartz via The Intercept,

The Kingdom of Saudi Arabia executed Shiite Muslim cleric Nimr al-Nimr on Saturday. Hours later, Iranian protestors set fire to the Saudi embassy in Tehran. On Sunday, the Saudi government, which considers itself the guardian of Sunni Islam, cut diplomatic ties with Iran, which is a Shiite Muslim theocracy.

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The most important link in American Express’s competitive position is its strength in corporate cards.

Every industry uses its own metrics. Fabrics come by the yard, gas is sold by the gallon, office space in New York City is rented by the square foot. As it turns out, however, renting precise amounts of office space isn’t quite that simple.

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Lower market prices for jet fuel and lower hedging losses could boost Delta’s Q1 profit by more than $1 billion before taxes.