HSBC Resuscitates 35,000 Job Cut Plan As Banking Troubles Persist

Back in February, HSBC, Europe’s largest bank and troubled lender, announced a plan that would slash upwards of 35,000 jobs. Shortly after, the lender put restructuring plans on hold for three months due to the COVID-19 outbreak. Now, Bloomberg reports, HSBC is resuming plans to cut tens of thousands of jobs as a way to boost profitability in today’s challenging environment.  “Since February, we have pressed…

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Rickards Warns: Robo-Trading Will End In Disaster

 We are tempted by our “own evil desire” first (James 1:14). That’s not to say every unbeliever is blatantly and spitefully turning from what is known to be true. But the unbeliever’s desire for self-satisfaction makes Satan’s deception all the more potent. Today, stock markets and other markets such as bonds and currencies can best…

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First bank failure since 2017 is a wake-up call

Why is the love of money a root of all kinds of evil? To help us answer this, we must look at the passage in its greater context. Near the end of the letter (1 Timothy 6:2–10), Paul is exhorting Timothy regarding the need to “teach and urge these things” to his congregation, “these things”…

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