San Francisco Fed Picks Longtime Insider Mary Daly as New Chief

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Amazon's Jeff Bezos: Big Businesses Should Be Scrutinized, Not Vilified

Amazon's Jeff Bezos: Big Businesses Should Be Scrutinized, Not Vilified

WASHINGTON—Jeff Bezos, facing political backlash over Amazon.com Inc.’s growing market dominance, said Thursday that while big companies deserve to be scrutinized, politicians shouldn’t “vilify” them. Mr. Bezos, Amazon’s boss and the world’s wealthiest person, addressed the antitrust concerns in a wide-ranging and rare public interview hosted by the Economic Club in Washington, D.C. Interviewed by […]

ECB Lowers Growth Forecasts as It Confirms Plan to End Easy Money

ECB Lowers Growth Forecasts as It Confirms Plan to End Easy Money

FRANKFURT—The European Central Bank on Thursday lowered its forecasts for Europe’s economic growth this year and next, but said it would press ahead with a carefully telegraphed plan to phase out easy money. The decision underscores the delicate task facing the world’s No. 2 central bank: The ECB has started to pivot away from years […]

Total cryptocurrency market cap shrinks to $186 billion

Total cryptocurrency market cap shrinks to $186 billion

The collective market cap of all cryptocurrencies has plunged to $186 billion on Wednesday — its lowest level this year, and the lowest it’s been since Novermber 2017.  It’s a long, painful drop for the crypto market from its January peak of $831 billion, and while everything’s possible in crypto, currently there’s no end in […]

Verizon's 5G home broadband launches in October and starts at $50

Verizon's 5G home broadband launches in October and starts at $50

Verizon 5G is coming in October.  Roger Cheng/CNET 5G is about to cross the threshold between hype and reality. It’s about time.  Verizon on Tuesday said installation for its 5G home broadband service, Verizon 5G Home, will start Oct. 1, with service to begin once the installation is complete. Customers in Houston, Indianapolis, Los Angeles […]

Oil prices climb as Iran sanctions loom; US looks to prevent supply shortfall

Oil prices climb as Iran sanctions loom; US looks to prevent supply shortfall

SINGAPORE (Reuters) – Oil prices rose on Tuesday amid looming U.S. sanctions against Iran’s petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption. FILE PHOTO: A view of Equinor’s oil platform in Johan Sverdrup oilfield in the North Sea, Norway August 22, 2018. REUTERS/Nerijus Adomaitis/File Photo […]

Oil pulls back on concerns US inventories are building

Oil pulls back on concerns US inventories are building

NEW YORK (Reuters) – Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo Traders said weekly data […]

Two Large Gold Specimens Found In WA Mine

Two Large Gold Specimens Found In WA Mine

An underground mine in WA’s Goldfields has produced what is believed to be two of the biggest gold specimens in recorded history. Since last weekend, RNC Minerals has seen a massive haul of single cut of rock blasted about 500m underground at the Beta Hunt gold mine near Kambalda, 600km east of Perth. The biggest stone weighed […]

RPT-Wall St Week Ahead-Strong US sales could ease profit worries into 2019

RPT-Wall St Week Ahead-Strong US sales could ease profit worries into 2019

(Repeats story from Friday.) By Caroline Valetkevitch NEW YORK, Sept 7 (Reuters) – A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year. S&P 500 revenue growth, which hit 9.5 percent in the second quarter, its fastest pace since […]

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