Declaring 'the Fed has gone crazy,' Trump increasingly takes aim at US central bank
Washington Post, 11 October at 13:05
President Trump's decision to blame the Federal Reserve for Wednesday's stock market dive dramatically escalated months of public and private fuming about the central bank. “I think the Fed has gone crazy,” Trump told reporters before a rally in ...
Interest Rates Are Rising. That's Great News for Most.
New York Times
Trump Takes Swipe at Fed as Stocks Tumble
Wall Street Journal
The Markets Might Agree With Trump on the Fed
Treasury yields dive after CPI data comes in lighter than expected, quelling inflation fears
Stock market sell-off: FTSE 100 hits six-month low after rout in Asia and US - business live
What's behind the stock market swoon? A little of everything
The Boston Globe
Trump Lashes Out at 'Loco' Fed Again, Calling Rate Hikes a 'Mistake'
The history of presidential Fed bashing suggests it has not been a fruitful strategy
Europe stocks slump to their lowest level in 21 months as Wall Street sell-off grips global markets
Trump's unusual Fed bashing raises the stakes of a policy blunder that damages the economy
In addition to the Fed, Trump can blame his tariffs for the latest market slump
YouTube Star MrBeast Orders 2 Waters, Leaves $10000 Tip
HuffPost, 22 October at 22:15
A North Carolina waitress who served a customer who only asked for two glasses of water has found herself flush with cash. Alaina Custer's customer at Sup Dogs Restaurant in Greenville on Saturday only had a few sips from the waters he ordered.
Americans teens love shopping on one website way more than anywhere else
Quartz, 22 October at 21:34
There's no contest for the favorite online shopping destination of US teens. According to a new survey from PiperJaffray, 47% of teens say Amazon is their preferred shopping site. Nike.com is a distant second, ranking first in the hearts of just 5% of
FICO to Test New Type of Credit Score
U.S. News & World Report, 22 October at 21:29
By SARAH SKIDMORE SELL, AP Personal Finance Writer. Credit scores are about to get a tweak that might help those with weaker credit. Fair Isaac Corp., the company behind the widely used FICO score, announced Monday that it will begin testing a new ...
Stocks and elections: Why the conventional wisdom might be wrong in 2018
MarketWatch, 22 October at 21:20
Stocks typically rally after midterm elections, with the S&P 500 gaining an average 31% in the following year. But according to Goldman Sachs' chief equity strategist, David Kostin, investors should be wary of betting that pattern will hold after
Netflix wants to take on another $2 billion in debt
CNN, 22 October at 21:20
New York (CNN Business) Netflix has spent massive amounts of money to build its streaming empire. Now it is looking toward debt markets to fund even more shows. The streaming service announced Monday that it plans to take on $2 billion in new debt by ...
2.5 million pounds of taquitos recalled for salmonella, listeria concerns
FOX 8 Live WVUE, 22 October at 20:38
(RNN) - Ruiz Food Products announced it was recalling ready-to-eat meat and poultry “Go-Go Taquitos” that may be contaminated with salmonella and listeria, the U.S. Department of Agriculture said. The recall affected approximately 2,490,593 pounds of
Hasbro pushes $50 million in orders to the fourth quarter due to supply chain changes
MarketWatch, 22 October at 20:08
Hasbro Inc. Chief Executive Brian Goldner said $50 million in U.S. third-quarter orders were shipped during the first week of the fourth quarter, thanks to supply chain changes brought about by the Toys 'R' Us liquidation. Hasbro HAS, -3.75% says Sears ...
Netflix Is Bingeing on Debt for All the Right Reasons
Bloomberg, 22 October at 19:58
Netflix Inc. is going back to the well. The streaming giant is selling $2 billion of junk-rated bonds to keep up its torrid pace of acquiring and funding new programming. At first glance, this offering, which will include both dollar- and euro
Elon Musk says California hyperloop test tunnel opens Dec. 10
Chicago Tribune, 22 October at 19:50
Elon Musk tweeted on Sunday that his aspiring underground transportation project will open its first test tunnel in December, in Hawthorne, Calif. If successful, the tunnel would demonstrate the viability of Musk's plans to build a new type of high
Current Mega Millions jackpot is $1.6 billion, but where do lottery profits really go?
CBS News, 22 October at 19:42
Liberty Vittert is a visiting assistant professor in statistics at Washington University in St Louis. The Mega Millions jackpot drawing on Oct. 23 has soared to $1.6 billion. Bigger and bigger jackpots should mean more state tax dollars to spend on
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