A veteran market researcher is out with a warning — saying the Federal Reserve is relying too heavily on economic surveys skewed by social media to mold their policies. According to Bianco Research President James Bianco, most economists mistakenly believe that leading indicators are signaling an “A+” economy that can withstand rising interest rates. “It’s
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Union members representing Canadian Pacific Railway Ltd’s (CP) conductors and locomotive engineers have served a notice to go on strike as early as May 29, according to a union statement released on Saturday. The strike notice comes a day after the union rejected the company’s latest contract offer. “After workers at CP voted to reject
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Bitcoin is still a buy despite its continued losses, blockchain venture capitalist Spencer Bogart told CNBC. The digital currency’s increased number of use cases is proof that the popular form of money is being institutionalized. “Every major bank is trying to do something in the space,” Bogart, a partner at Blockchain Capital, told CNBC’s “Fast
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Shortly after taking over Unilever, Polman met with investors in London and withdrew guidance to security analysts and quarterly earnings, telling them, “My job is not to serve shareholders, but to serve consumers and our customers.” Of course, he believes that in doing so, Unilever will indeed serve its shareholders better over the long-term. Unilever’s
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Despite Friday’s high-profile arrest of former movie mogul Harvey Weinstein on charges stemming from multiple allegations of sexual misconduct, many instances of workplace harassment apparently are never even reported. Of the 12 percent of workers who say they’ve experienced sexual harassment on the job, 72 percent did not tell their employer about the incident, according
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The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast
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Privacy activist Max Schrems has wasted no time making use of Europe’s new data protection law to target the giants of Silicon Valley. The Austrian lawyer’s non-profit organization NOYB filed complaints against Google, Facebook and Facebook-owned services WhatsApp and Instagram on Friday. The complaints could result in penalties worth up to 7 billion euros ($8.1
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Rajesh Jantilal | AFP | Getty Images South Africa’s President Cyril Ramaphosa (second left) speaks with workers during a visit to a Volvo assembly plant in Durban on May 19, 2018. According to Ben Payton, head of Africa at risk analysis firm Verisk Maplecroft, the speech signified Ramaphosa’s most important parliamentary appearance since his State
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Check out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a
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“We believe PayPal is well-positioned to benefit from eCommerce growth and the digitization of payments and is broadening its leadership position through its global scale and controlling the end-to-end experience. PayPal is still in the early stages of its transformation from a button/online checkout company to a global payments platform with a sizable addressable market
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