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Monthly Archives: December 2018

Fed is missing critical inflation trend, economic forecaster worries

A veteran economic forecaster is worried the Federal Reserve and Wall Street are looking at inflation all wrong. According to Economic Cycle Research Institute co-founder Lakshman Achuthan, they’re largely missing a critical economic trend that shows inflation is in a downturn. “Inflation is cyclical, and I don’t think everybody really …

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Crisis-era stimulus set to end despite growth worries

The ECB’s governing council confirmed what policymakers had been saying since the summer. They will stop expanding quantitative easing (QE) from the end of December — when bond purchases will fall from 15 billion euros a month to zero. It marks a historic moment for the central bank, as President …

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Apple to invest $1 billion in new Austin campus

Stephanie Keith | Getty Images Tim Cook, CEO of Apple unveils new products during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Apple debuted a new MacBook Air, Mac Mini and iPad Pro.  Apple will invest $1 billion in a new …

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ECB caught between economic risks and QE exit 

Francois Lenoir | Reuters European Central Bank President Mario Draghi testifies before the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium September 24, 2018.  The European Central Bank President Mario Draghi has to tread a fine line once again as he gives his latest update on euro area …

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Revolut secures European banking license

Seb Daly | Web Summit | Getty Images Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. U.K. financial technology firm Revolut secured a big victory on Thursday in its quest to shake up European banking. Revolut announced it was granted a banking …

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This could be the best measure of how well trade talks are going between the US and China

The way China’s currency moves against the dollar could be the best measure of how well U.S.-Chinese trade talks are proceeding. Strategists say the fact the renminbi, also known as the yuan, has steadied against the dollar and is edging higher is one of a number of positive signs that …

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NYC council members grill Amazon executives HQ2 tax incentives

Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.  Amazon executives and the head of New York City’s Economic Development Corporation were grilled over the …

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Apple stock is up 43,000% since its IPO 38 years ago

Apple’s stock — at one point the most valuable in the world — is up more than 43,000 percent since its IPO exactly 38 years ago Wednesday. The company first listed its shares on public exchanges on Dec. 12, 1980 at $22 a share. Several stock splits and over a …

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Trump chief of staff must signal certainty: Ex-Reagan chief of staff

Brendan Smialowski | Getty Images Ken Duberstein, former Chief of Staff to US President Ronald Reagan, speaks on NBC’s ‘Meet the Press’ during a taping at the NBC studios June 6, 2004 in Washington, DC. After a year and a half of tumult during John Kelly’s tenure as chief of …

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Putin claims accused Russia agent Butina not known to spy agencies 

AP Photo In this photo taken on Sunday, April 21, 2013, Maria Butina, leader of a pro-gun organization in Russia, speaks to a crowd during a rally in support of legalizing the possession of handguns in Moscow, Russia.  Russian leader Vladimir Putin said Tuesday that “nobody” at his country’s spy …

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