Day: August 18, 2018
Why crypto investors might want to think twice about giving out their phone numbers
It’s a familiar scenario. You forget a password to a website or log in from a new computer, and get locked out of your account. The website or your bank sends a text to confirm it’s you. Most of the time it is. But the person receiving that text could be a hacker. Criminals are …
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Trade War Back as Main Theme as Turkish Crisis Eased, US and China to Meet
The forex markets turned into consolidative mode last week as Dollar and Yen lost momentum. Turkish currency crisis hit a climax on Monday but worries eased after the government’s measures were well taken by investors. The fear of extra sanctions by the US on Turkey caused some jitters. But the muted reactions towards the S&P …
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Borrowers are flocking to a new type of ‘clinic’ to help get a clean bill of financial health
When Lisa Mulhall raised her hand at the recent student debt clinic in Woodbury, New York, she had no idea that she was about to hear something that would change the rest of her life. The fifth-grade teacher, who is carrying around $30,000 in student loans, explained that she’d been told by her servicer that …
Weekly Economic and Financial Commentary: Global Economy Displays Relative Calm
U.S. Review Summer Spending at Restaurants, Bars Surges Retail sales data for July showed the U.S. consumer continuing to exhibit strength, with broad-based sales growth and a notable acceleration in food service & drinking places sales. Housing starts rose in July, led by small gains in both singleand multifamily starts, but the increase was below …
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The Weekly Bottom Line: Bench Strength
U.S. Highlights Concerns about Turkey drove market volatility this week, but U.S. equity markets managed a rebound. Strong retail sales and historically-high small business optimism suggest a strong economic expansion in the U.S. this quarter. Although concerns eased by week’s end, Turkey is not out of the woods yet. It remains in the early stages …
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