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News & Updates

July 19, 2019 A booming manufacturing report just poked another hole in the Fed’s case for a rate cut

Source: CNBC

The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year. The index measures the difference between companies saying they...

July 18, 2019 The backlash is growing against Xi Jinping in China and around the world

Source: CNN

The backlash abroad against President Xi Jinping's China, at least in developed nations, has spread rapidly in the last year.

July 18, 2019 Sustainable development will falter without data

Source: Nature

Unless governments establish competent monitoring systems, the world will not reach the UN Sustainable Development Goals, says Jessica Espey

July 17, 2019 Facebook Grilled By Senators Over ‘Crazy’ Cryptocurrency Plans. It Did Not Go Well.

Source: Huff Post

Congressional lawmakers grilled a Facebook executive Tuesday about the social media giant’s plans for a new worldwide cryptocurrency network, with some saying they didn’t trust the tech behemoth amid an ongoing fallout over its...

July 17, 2019 A cancer patient who defeated Monsanto in federal court just got his award slashed by $55 million

Source: CNN

Months after federal jurors dealt a huge blow to Monsanto, saying its Roundup weedkiller contributed to a man's cancer, a judge decided to soften that blow by $55 million.

July 17, 2019 Europe will reportedly launch a major probe into Amazon’s business practices in days

Source: CNBC

The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case.

July 16, 2019 Is the Fed on the verge of sparking a stock-market ‘melt-up’?

Source: MarketWatch

The Federal Reserve is almost certain to cut rates at the end of July — but don’t expect a melt-up in equities, usually marked by a powerful rally followed by a substantial selloff, says Mark Haefele, global chief investment...

July 16, 2019 US Treasury Secretary Shares Trump’s Concerns on Crypto, Stresses Compliance

Source: Coin Telegraph

United States Treasury Secretary Steven Mnuchin shares President Donald Trump’s concerns on the use of cryptocurrency to finance illicit activity, and stresses the role of enforcing FinCEN regulations with respect to...

July 15, 2019 China's economic growth slumps to lowest in 27 years as the trade war hits

Source: CNN

Hong Kong - China's economic growth slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States.

July 15, 2019 Justice Dept. probing whether J&J lied to public about talcum powder’s cancer risk: report

Source: Fox News

A federal grand jury in Washington is looking into what Johnson & Johnson officials knew about the cancer risks in the company’s Baby Powder-brand talcum powder and other products, according to a report.

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