Author: webmeister

Major U.S. Phone Companies Agree to Plan to Combat Endless Robocalls – Slate

Last month alone, Americans received an estimated 4.7 billion illegal spam calls.

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5 things to know for August 23: Overstock CEO, G7, Japan-South Korea, romance scams – CNN

Here’s what else you need to know to Get Up to Speed and Out the Door.

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Euro zone bond yields rise before Powell speaks at Jackson Hole – Reuters

Here’s what else you need to know to Get Up to Speed and Out the Door.

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Major US carriers join forces with state attorneys general to fight robocalls – 9to5Mac

The fight among carriers and regulators over the robocalling problem continues this week.

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Ringgit opens slightly against US dollar – Malay Mail

KUALA LUMPUR, Aug 23 ― The ringgit opened slightly higher against the US dollar as investors squared off their position from holding the greenback ahead of US Federal Reserve chairman Jerome Powell speech at the Jackson Hole later today.  At 9.17am, the ringgit was marginally higher at…

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Two top Fed officials say they don’t favor additional interest-rate cuts – MarketWatch

Kansas City Fed President Esther George and Philadelphia Fed President Patrick Harker indicated Thursday that they would not favor additional rate cuts. They…

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Gold Prices See Small Bounce Following Disappointing Flash U.S. PMI Data – Kitco News

(Kitco News) – The gold market has recovered some of its losses following weaker-than-expected preliminary manufacturing and service sector sentiment data.

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Fed boss needs straight talk to win back investors – The Australian Financial Review

Federal Reserve chairman Jerome Powell needs to clearly outline his thinking on rates.

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Don’t worry, interest rates will stay low. But is that good? – The Edge Markets MY

The widely expected 25 basis points (bps) rate cut by the US Federal Reserve last month pretty much confirmed that low interest rates are here to stay. The cut in the benchmark federal funds rate to a range of 2% to 2.25% is the first since December 2008.

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The CEOs Want You to Know That They Care – Jacobin magazine

With their new statement disavowing “shareholder value,” the CEOs of the country’s biggest corporations are trying to send a message: we feel your pain and we want to do better. They’re empty words, but it’s the latest sign that the masters of the universe are getting nervous about capitalism’s waning popular legitimacy.

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