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Day: March 5, 2019

Ex-Obama advisor Larry Summers rips ‘dangerous’ economics backed by Ocasio-Cortez and other Dems

Advocating the government print money without worrying about paying the bills to guarantee jobs for everyone, Medicare-for-all, or the Green New Deal is a dangerous approach being pushed by far-left Democrats, former Barack Obama economic advisor Larry Summers told CNBC Tuesday. “I don’t think this is a realistic calculus,” said Summers, blasting the idea of …

Ex-Obama advisor Larry Summers rips ‘dangerous’ economics backed by Ocasio-Cortez and other DemsRead More

Hedge fund manager Dan Niles says he went short on Netflix shares ‘very, very recently’

AlphaOne Capital Partners founding partner Dan Niles just started shorting Netflix. “Netflix was actually one of our best profit generators last year on the short side. A lot of this is timing… we weren’t short on Netflix on Dec. 24. We just put this on very, very recently,” Niles said on CNBC’s “Squawk on the …

Hedge fund manager Dan Niles says he went short on Netflix shares ‘very, very recently’Read More

Employing more women could boost economies by 35 percent, says IMF chief Christine Lagarde

Hiring more women and abolishing discriminatory laws would significantly boost the world economy, according to Christine Lagarde. In a recent interview with The Guardian, the head of the International Monetary Fund argues that countries ranked in the bottom 50 percent for gender equality — such as Pakistan, Saudi Arabia and Lebanon — would experience economic …

Employing more women could boost economies by 35 percent, says IMF chief Christine LagardeRead More

ECB Meeting: Acknowledging Weakness, Hinting at TLTROs?

The European Central Bank (ECB) will conclude its policy meeting on Thursday at 12:45 GMT, with a press conference by President Draghi to follow at 13:30 GMT. The Eurozone economy is struggling, and market attention will thus be on whether the ECB will take steps to cushion the slowdown, for example by hinting at another …

ECB Meeting: Acknowledging Weakness, Hinting at TLTROs?Read More

Markets Could Shrug Off Weak Chinese Trade Data after Fiscal Boost and as US Deal Edges Closer

China will publish monthly trade numbers on Friday with exports seen to have fallen back in February after January’s unexpected surge. But with the country’s negotiators closing in on a trade deal with the United States and the government announcing further fiscal measures to stimulate growth in the economy, the trade figures may not generate …

Markets Could Shrug Off Weak Chinese Trade Data after Fiscal Boost and as US Deal Edges CloserRead More