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Federal Reserve Chairman Jerome Powell is sending a message to investors: The Fed’s benchmark short-term interest rate will likely stay low for a long time. The Fed has cut its key rate three times this year to a range of just 1.5% to 1.75%. And the word from Powell is that the rate will lik…

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More than a third of enforcement actions brought by the Securities and Exchange Commission in the latest fiscal year involved alleged misconduct by investment advisers or firms, many of which work with ordinary investors. Some of the advisers had failed to disclose conflicts of interest that…

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WASHINGTON (AP) — U.S. long-term mortgage rates rose this week amid optimism over prospects for the U.S. economy. Rates remain at historically low levels, however, as an incentive to prospective homebuyers.

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WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening.

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First Command Financial Services Inc. announced Nov. 4 that Mark Steffe, currently First Command’s president and chief operating officer, will succeed Scott Spiker as Chief Executive Officer while retaining his responsibilities as president, effective Jan. 1, 2020.

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Did you “Sell in May and go away,” as the Wall Street adage says? While this year is perhaps an exception, with the S&P 500 climbing to all-time highs in July and this week, the stock market has historically delivered its weakest returns in the six months from May through the end of Octo…

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WASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it indicated that it won't cut again in the coming months unless the economic outlook worsens.

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In Tarrant County, the SBA guaranteed 277 loans worth more than $231 million helping create 1,674 jobs and retain 1,981 job for fiscal year 2019. In Fort Worth, there were 108 loans guaranteed worth about $91 million which created 596 jobs and retain 700 jobs.

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Shares in Rollins, owner of the Orkin pest control business, soared by the most in three years after it reported strong sales and adjusted profit growth in the third quarter. Atlanta-based Rollins’ profit took a hit from a $50 million charge to end its pension plan last month. Excluding that…

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Tim Flatt has joined Higginbotham, the largest independent insurance broker based in Texas, as an employee benefits executive vice president. Flatt, a resident of Midland for more than 25 years, will open Higginbotham's first Midland office, bringing the firm's single source solution for ins…

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The Wells Fargo Foundation on Oct. 22 announced $9 million in grants to more than 60 nonprofits across the United States in support of large-scale neighborhood revitalization and housing affordability solutions. The Wells Fargo Foundation has donated 250 such grants since 2011 to local organ…

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DelGatto Diamond Finance, an institutional diamond finance company, on Oct. 23 announced it has received a $100 million facility from Fort Worth-based Crestline Investors Inc., a credit focused institutional alternative asset manager. The investment enhances DelGatto’s ability to meet growin…

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First Financial Bankshares, Inc. (NASDAQ: FFIN) has announced that it has begun a national search for a successor to its chief financial officer and executive vice president, J. Bruce Hildebrand, CPA.

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The nation’s biggest banks are starting to feel pressure from the Federal Reserve, which has started a campaign to lower interest rates to keep the U.S. economy afloat. While profits at JPMorgan Chase, Citigroup, Wells Fargo and Bank of America were generally higher this quarter, one place a…

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Bank of America shares jumped after the bank beat Wall Street’s profit projections despite a steep write down on its investment in payment processor First Data. The Charlotte, North Carolina-based bank made 56 cents a share in the third quarter. Excluding the one-time charge, the bank’s prof…

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WASHINGTON (AP) — The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth that hampered manufacturing, and adverse weather hitting farmers.

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WASHINGTON (AP) — The Federal Reserve says it will buy roughly $60 billion a month in Treasury bills through mid-2020 to inject cash into the banking system and make it easier to control overnight lending rates.

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Prosperity Bancshares Inc.(NYSE: PB), the Houston-based parent company of Prosperity Bank, on Oct. 9 announced that it has received all regulatory approvals necessary to complete its previously announced merger with LegacyTexas Financial Group Inc. (NASDAQ: LTXB), the parent company of Legac…

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Shares in TD Ameritrade and other discount brokers tanked Tuesday after market giant Charles Schwab eliminated commissions on trading stocks and other assets, threatening the industry’s profits. TD Ameritrade lost 26% to $34.64, a three-year low, while ETrade fell 16%. Schwab itself closed d…

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WASHINGTON (AP) — The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Donald Trump's trade war with China and geopolitical risks such as the attacks on Saudi Arabia's oil facilities.