Bloomberg Markets
Federal Reserve Bank of Cleveland President Beth Hammack said it’s reasonable to hold interest rates steady for now given uncertainties about the economic outlook, but officials may need to act soon to address elevated inflation.
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NY Times Business
A federal jury found Andrew Left, who rose to fame by betting against companies, guilty of securities fraud. Other short-sellers are worried.
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Bloomberg Markets
US President Donald Trump said discussions with Iran continue at a rapid pace despite the Islamic Republic’s threats to suspend talks because of Israel’s attacks in Lebanon. Col. Wayne Sanders (Ret.) of Bloomberg Intelligence has more on the talks and the state of traffic in the Strait of Hormuz. (Source: Bloomberg)
MarketWatch
“We are debt-free, and he will get 80% of his salary when he retires.”
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