Federal Reserve’s Jefferson says he considers Powell to be ‘of the highest integrity’

Federal Reserve’s Jefferson says he considers Powell to be ‘of the highest integrity’

[BOCA RATON] US Federal Reserve Vice Chair Philip Jefferson, responding to the Department of Justice subpoena of Fed Chair Jerome Powell, said on Friday he considered Powell to be “of the highest integrity.” “I have great respect for the chair,” Jefferson said in comments to reporters after an economics conference at Florida Atlantic University, noting…

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Porsche sales slump most in 16 years on poor China demand

Porsche sales slump most in 16 years on poor China demand

Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets [BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric vehicles (EVs) and a slump in China. This is the steepest drop since 2009, when the global financial crisis roiled the markets. The Volkswagen luxury…

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GameStop shutters stores across California

GameStop shutters stores across California

GameStop is shutting down more stores in California. The video game, toy and collectible retailer has been struggling to find a way to thrive in a market where most of what it sells is easier to get online. It has been shrinking its brick-and-mortar retail footprint for years to lower costs and has reportedly shut…

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Rio Tinto-Glencore merger may need asset sales to win over China

Rio Tinto-Glencore merger may need asset sales to win over China

China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing [BEIJING/MELBOURNE] The proposed tie-up between Rio Tinto and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market concentration. The two mining giants revealed…

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Inside Aaliyah’s Rapid Rise to Fame and Tragic Death

Inside Aaliyah’s Rapid Rise to Fame and Tragic Death

Aaliyah‘s story had barely begun before it was out of her hands. But on what would have been her 47th birthday Jan. 16 if she hadn’t died in a plane crash at the age of 22, there’s still so much to unpack with regard to her influence on pop culture. “Sometimes, when it’s just my mom…

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