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Day: August 8, 2018

Benefits of virtual accounts are unclear, says ACT director

Banks say virtual accounts can improve corporate cash management, giving a much clearer view of company accounts and helping treasury play a more strategic role within organisations. But corporate treasurers themselves may be confused about the benefits they offer, and may also have more important matters on their minds. Keeping track of a company’s money …

Benefits of virtual accounts are unclear, says ACT directorRead More

Tesla still hasn’t said where its secured financing is coming from — here’s what that probably means

“Funding secured.” Those two words, tweeted by Tesla CEO Elon Musk, sent investors into a frenzy Tuesday. Who has promised Musk tens of billions of dollars to take his cash-burning company private? tweet Twenty-four hours after Musk’s first tweet, Tesla has twice declined comment to CNBC on where the funding is coming from. The company …

Tesla still hasn’t said where its secured financing is coming from — here’s what that probably meansRead More

Trump refuses to discuss US-China strategy at private business dinner

President Donald Trump declined to discuss his strategy for dealing with China at a private business dinner with CEOs on Tuesday night, as U.S.-China trade tensions escalate. The president said “he wouldn’t go there” after he was asked about how he would manage U.S.-China relations going forward as the two economic giants spar on trade …

Trump refuses to discuss US-China strategy at private business dinnerRead More

The economy is booming, yet Americans are struggling. An award-winning author explains why

The unemployment rate fell below 4 percent in July, the lowest it’s been in nearly two decades. The job market is booming and the economy seems strong. But millions of Americans are still struggling to make ends meet. That’s in large part because wages are not keeping up as day-to-day costs continue to soar, according …

The economy is booming, yet Americans are struggling. An award-winning author explains whyRead More

Fed’s Barkin says US interest rates need to rise further

The U.S. economy is strong enough to warrant further interest rate increases by the Federal Reserve, Richmond Fed President Thomas Barkin said on Wednesday. In a speech on the U.S. economy, Barkin argued that the Fed’s benchmark interest rate was below normal levels, a suggestion that Fed policy was still stimulating economic growth, which he …

Fed’s Barkin says US interest rates need to rise furtherRead More

Black women have to work an extra eight months to make the same wages as white men

The pay gap persists. Women are paid 80 cents to every dollar paid to men, according to an April report from the National Partnership for Women & Families. But if you break this figure out by race, education level and experience, you’ll find that the wage gap is not the same for all women. Black …

Black women have to work an extra eight months to make the same wages as white menRead More

Saudi Arabia Sells off Canadian Assets, Loonie Falls

It’s being reported by FT that the Saudi’s are selling off Canadian assets in response to Ottawa’s criticism of the arrest of a female activist last week. Apparently, the Saudi central bank and state pension funds have been instructed to dispose of their Canadian equities, bonds and cash holdings. There is no Canadian dollar amount …

Saudi Arabia Sells off Canadian Assets, Loonie FallsRead More

Trump claims GDP growth ‘could be in the 5s’ — as in percent — next quarter

President Donald Trump said Tuesday he thinks gross domestic product growth in the next quarter “could be in the 5s” — that is, higher than 5 percent. Trump made the bold prediction Tuesday evening before a dinner at his Bedminster, New Jersey, golf resort with leaders from FedEx, Mastercard, Boeing, PepsiCo, and other companies. Trump …

Trump claims GDP growth ‘could be in the 5s’ — as in percent — next quarterRead More

Sterling Plunges as No-Deal Brexit Becoming More Likely, Yen Shows Broad Based Strength

Sterling plunges sharply today as markets are seeing increasing change of a no-deal Brexit. Adding that, GBP/USD’s break of 1.2956 earlier this week and EUR/GBP’s break of 0.8957 resistance yesterday also adds to broad based pressure on the Pound. Australian Dollar follows as the second weakest at this point. Market sentiments were weighed down generally …

Sterling Plunges as No-Deal Brexit Becoming More Likely, Yen Shows Broad Based StrengthRead More

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