Rare $1,000 bill expected to fetch $1M at Baltimore auction


A rare $1,000 bill from 1863 is expected to sell for about $1 million at an auction in Baltimore.

Stack’s Bowers Galleries says the bill is one of only two of its kind available to collectors. The U.S. Treasury Department says thousand-dollar bills haven’t been printed in the U.S. since 1945. U.S….



University of Maryland finance professor nominated for Treasury post by President Trump


President Donald Trump announced he would nominate Michael Faulkender, a University of Maryland finance professor, to be assistant secretary of the Treasury for economic policy.

Faulkender is also associate dean of masters programs at the university’s Robert H. Smith School of Business. Faulkender…


Facebook’s Zuckerberg admits mistakes, outlines fixes


Breaking more than four days of silence, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm.

Zuckerberg said Wednesday that Facebook has a “responsibility” to protect its users’ data and…


Fed raises key interest rate by a quarter-point


The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it’s sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell.

The Fed said it expects to increase rates twice more this year. At the same time, it…


‘We got it wrong,’ United CEO says of puppy’s death


United Continental Holdings’ boss expressed regret for the recent in-flight death of a 10-month-old puppy.

“We got it wrong last week,” Chief Executive Officer Oscar Munoz said in a speech to a Chicago business group. “We take this deeply seriously.”

Munoz acknowledged the shortcomings after a…


Under Armour joins chorus of protest over new China tariffs proposed by Trump


Under Armour has joined other top U.S. footwear brands in criticizing President Donald Trump’s plans to slap punishing tariffs on Chinese imports by Friday, saying the move would hurt consumers, jobs and business.

A letter signed by the Baltimore-based sports brand along with Nike, Naturalizer,…


Experiences, not cash, are the new corporate bonus


It was while planning a vacation to the Philippines, one filled with dreams of hiking through rainforests and climbing volcanoes, that Rob Towne had a small epiphany: “I figured I was having plenty of fun experiences for myself, but I should do what I can to help others, too.”

Upon landing in the…