Finance

Michael Nagle | Bloomberg | Getty Images Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas Kaplan is a voting member on the FOMC, though he will not be in 2018. He will, however, still provide policy input, and indicated he is in favor of the Fed hiking rates “in the near future,”
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At this week’s confirmation hearing of Jerome Powell for Federal Reserve chairman, his views on inflation may now be question No. 1. Powell is scheduled to testify on Tuesday before the Senate Banking Committee, and the inflation issue has now become more important after comments last week by current Fed Chair Janet Yellen. She expressed
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He said that both bitcoin and gold complemented each other as assets, as the cryptocurrency was designed to be “digital gold.” “Bitcoin’s frictionless and immediate blockchain payment system resolves the criticism of gold as lacking divisibility and having problems with ease of transmission,” Naylor-Leyland said in an emailed statement. “I believe this recognition of a
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Ether, the digital currency of the ethereum blockchain, made significant gains on the day of the Thanksgiving holiday. The cryptocurrency hit an all-time high of $425.55 Thursday, according to data from industry website Coinmarketcap. This broke a previous record high of $414.76, which the digital currency’s price reached in June. Ether has risen by more
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“One Belt, One Road gives entrepreneurs a lot of opportunity,” said Aiju’s Liu, citing cheaper costs and lower transaction fees. “We also hope there will be opportunity to cooperate with U.S. companies [as a] food and oil dealer.” The U.S. Department of Agriculture’s Foreign Agricultural Service is also monitoring Kazakhstan’s grain trade with China. In
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United Parcel Service has acquired a manufacturing pharmacy license from Georgia’s Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the new license would effectively give
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Federal Reserve officials expressed largely optimistic views of economic growth at their most recent meeting but also started to worry that financial market prices are getting out of hand and posing a danger to the economy. Minutes from the Oct. 31-Nov. 1 Federal Open Market Committee meeting indicate members with almost universally positive views on
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Traders could be buying and selling stocks with just a voice command in the near future, Sandler O’Neill analysts predicted. It is “not too far off where ‘voice recognition’ technology is combined with ‘voice identification’ to produce the fully ‘automated voice trade’ (with no interaction with a customer service representative),” wrote Sandler O’Neill analysts Richard
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The Justice Department’s lawsuit to block AT&T‘s $85 billion acquisition of Time Warner seems more like a detour than a permanent shift in the federal government’s antitrust strategy. The lawsuit, filed Monday in a D.C. federal court, had many lawyers and antitrust scholars wondering about the government’s case. It hasn’t successfully blocked a vertical deal
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The timing of the Moody’s move was actually surprising given questions around India’s fiscal health, three different analysts said. The rating upgrade also came at a time when the most recent gauge of economic growth had shown the country slowing to a three-year low of 5.7 percent — with consumption hit by the new Goods
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