House Democrats Open Campaign Finance Investigation into Postmaster General Louis DeJoy

House Democrats said Monday they would open an investigation into Postmaster General Louis DeJoy over accusations that he broke campaign finance laws in pushing his employees to make campaign contributions to Republicans that he would later reimburse.

House Committee on Oversight and Reform chairwoman Carolyn Maloney (D., N.Y.) said in a statement that the committee would open an investigation and called on the Board of Governors of the U.S. Postal Service to immediately suspend DeJoy, whom “they never should have hired in the first place,” she said. 

Maloney’s announcement followed a Washington Post report that DeJoy and his aides would allegedly pressure employees at his former business, New Breed Logistics in North Carolina, to make donations and attend fundraisers at DeJoy’s mansion — events which regularly drew $100,000 or more apiece. Former employees say they made payments between 2003 and 2014 and would then allegedly receive large bonuses to offset

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A Look At American Finance Trust’s (NASDAQ:AFIN) Share Price Returns

Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Investors in American Finance Trust, Inc. (NASDAQ:AFIN) have tasted that bitter downside in the last year, as the share price dropped 45%. That’s well below the market return of 19%. Because American Finance Trust hasn’t been listed for many years, the market is still learning about how the business performs. The falls have accelerated recently, with the share price down 25% in the last three months.

See our latest analysis for American Finance Trust

American Finance Trust wasn’t profitable in the last twelve months, it is unlikely we’ll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year,

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Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance

Saudi Arabian business leaders think they have a solution to trade finance woes caused by COVID-19: a blockchain-based business passport to cut through red tape.

  • This “Global Value Chain” (GVC) passport would allow firms already following their host country’s financial rulebook to tout their credentials elsewhere, easing trade and increasing financial access globally, according to the Saudis’ Wednesday proposal before a group of G20 business leaders, developed in partnership with the OECD.
  • Blockchain technology would provide the GVC Passport a distributed, trusted, real-time source for global regulators to verify business’ accreditation claims, according to the Saudis’ accompanying white paper.
  • The result: a more efficient financial system with firms – especially small and midsize ones that normally lack a global presence –  cut free from repetitive, redundant, cross-border regulatory burdens, the Saudis said.
  • “SMEs represent 90% of businesses and 50% of employment worldwide, and therefore hugely impacted by the events
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Kansas City Fed President Esther George speaks with Yahoo Finance [Transcript]

joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the COVID-19 pandemic on the U.S. economy and how the Federal Reserve is responding.” data-reactid=”16″Esther George, president of the Kansas City Fed, joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the COVID-19 pandemic on the U.S. economy and how the Federal Reserve is responding.

Below is a transcript of her appearance, taped on August 25 and aired on August 26.

BRIAN CHEUNG: Welcome to “Yahoo Finance Presents.” I’m Brian Cheung, joined here by a very special guest: Kansas City Fed president Esther George. President George, thanks so much for joining us today.

ESTHER GEORGE: Thank you, Brian. Good to see you.

BRIAN CHEUNG: So I want to kick things off with just a discussion of where things are where you are … Read More