The downfall of Finn; WeWork's pitch; Bank of America's cloud journey

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The downfall of Finn; WeWork's pitch; Bank of America's cloud journey

Dear readers,. It seems like the bank that could do no wrong…finally did. Despite the ups and downs of the market, JPMorgan’s businesses have stayed remarkably consistent. It picked up more share in trading last year than other bank and its share price also …
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The market week ahead: Mexico tariffs and more data that may clear the way for a rate cut

Stocks have been rallying hard on the idea the Federal Reserve will cut interest rates soon, but at some point the market needs to see progress on the trade wars and economic weakness that are bothering the Fed. Friday’s surprisingly soft May jobs report …
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FedEx declines to renew US Express contract with Amazon

FedEx said Friday it decided not to renew a key domestic contract with Amazon, a move that could pinch the online retail giant during its all-important holiday shipping seasons when it’s sometimes struggled to get packages to customers on time. The decision …
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Wells Fargo will pay customers $386 million over unwanted auto insurance

(Reuters) – Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. FILE PHOTO: A Wells Fargo stagecoach is seen at the …
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South African Airways's funding plans are stuck at talking stage

South African Airways is in talks with its existing banks, new lenders and the government. But talking won’t pay off R12.7 billion of imminently maturing debt. The stricken state-owned carrier called a media briefing on Friday to “give assurances to stakeholders …
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