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US STOCKS-Indexes briefly cut losses in choppy trade after Powell comments

U.S. stocks briefly cut losses in choppy trading on Tuesday after Federal Reserve Chairman Jerome Powell suggested openness to further rate cuts and said the time has come to allow the Fed’s asset holdings to begin to expand again. The interest-rate sensitive financials index was down more than 1%. …read more […]

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UPDATE 1-Boeing 737 MAX timetable uncertain as regulators continue safety review

U.S. and European Union regulators said on Tuesday they were still reviewing Boeing Co’s changes to 737 MAX software after two fatal crashes, throwing into question the speed at which the grounded aircraft can return to service. Boeing has repeatedly said it hopes to resume flights in the fourth quarter, which began Oct. 1. The ongoing safety review means that a key 737 MAX certification test flight is unlikely to take place before November, two sources said. …read more […]

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Were Hedge Funds Right About The Procter & Gamble Company (PG)?

At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of June 28. In this […] …read more […]

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Here is Hedge Funds’ 100th Most Popular Stock Pick

Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing […] …read more […]

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Fed’s Powell: Outlook ‘favorable,’ steps to address money market volatility coming ‘soon’

Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed’s asset holdings to begin to expand again “is now upon us” in order to ensure money markets function smoothly.

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Fed's Powell: Outlook 'favorable,' steps to address money market volatility coming 'soon'

Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed’s asset holdings to begin to expand again “is now upon us” in order to ensure money markets function smoothly. Recent volatility in U.S. short-term funding markets raised concern that the Fed had allowed its balance sheet to become too small, leaving banks with an inadequate supply of reserves to manage occasional periods of high demand. The Fed had been shrinking its balance sheet in recent months as it unwound crisis-era bond buying …read more […]

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U.S. presidential candidate Warren attacks Facebook's political ad policies

U.S. Democratic presidential candidate Elizabeth Warren took aim at Facebook’s political advertising policies on Monday, suggesting without evidence that a change in the social media giant’s policy might have been linked to a recent meeting between Facebook CEO Mark Zuckerberg and President Donald Trump. Its new online policy prohibits “ads that include claims debunked by third-party fact checkers or, in certain circumstances, claims debunked by organizations with particular expertise,” but this has led some to point out that politicians’ ads and posts are exempt from Facebook’s fact-checking program. …read more […]

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Business News

Venezuela designers turn to piracy after Adobe announces it will cut service

Venezuelans on Tuesday desperately explored piracy workarounds to continue using Adobe programs after the software developer said it will cut access to its products for the country’s users, citing U.S. sanctions, in a move critics said demonstrated the unintended consequences of the Trump administration’s policies.

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