Markets News Stocks 

Mnuchin has an important warning for stock-market investors

“Tax cuts are crucial to maintaining their record-setting ways, according to Steven Mnuchin” writes Mark Decambre for marketwatch.com. Beware, stock market investors!. Check out: Dow industrials on track for push above 23,000, as IBM’s rally provides a lift It isn’t clear, however, that the hope of tax cuts have been the sole cause of those gains. Only 1 out of 4 polled believe that the market will crash:. The Treasury secretary made his comments during a recent interview with Politico and said stocks could take a significant tumble if tax…

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News 

China Is Quietly Reshaping the World

“By encouraging China to raise the labor, human rights and environmental standards of their projects, the world should hold him to it” writes Anja Manuel for theatlantic.com. In the next decades, China plans to build a thick web of infrastructure around Asia and, through similar initiatives, around the world.Also, while Chinese loans used to have low interest rates around 2.5 percent, they are now creeping up to near 5 percent or more. Source: theatlantic.com Share This:

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News Oil 

Why Trump’s stance on Iran could backfire

“This is a departure from his previous stance on the group, whose dominance in the Iranian economy is a foil against his plans for reform” writes Str Afp for cnbc.com. Losing Iran’s favor could have a negative impact on the world economy too.Maintaining Iran’s cooperation is crucial to securing both its nuclear ambitions and the foreign business deals that were struck when sanctions were officially lifted on the country’s economy in January 2016. Source: cnbc.com Share This:

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GBP News 

Reversing Brexit with a second referendum would have a ‘positive’ impact on economy, OECD claims

“A second referendum that reverses Brexit would have a “positive” and “significant” impact on the UK economy, a leading think tank has claimed” writes Deputy Political Editor for telegraph.co.uk. The OECD report says: “In case Brexit gets reversed by political decision (change of majority, new referendum, etc.), the positive impact on growth would be significant.”. The Organisation for Economic Co-operation and Development has projected that the British economy will grow by just 1 per cent next year in part because of uncertainty around Brexit. Source: telegraph.co.uk Share This:

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In the Fight Against Poverty, Work Is Our Most Powerful Weapon

“Work is the most powerful weapon we have to fight poverty and all its downstream effects, from child malnutrition to maternal mortality” reports hbr.org. But it bears repeating because we’ve lost our way: Work is the most powerful weapon we have to fight poverty and all its downstream effects, from child malnutrition to maternal mortality, both domestically and abroad.But for impact sourcing to spread, it needs more attention and corporate commitment.Yogurt company Chobani offers another example of impact sourcing. Source: hbr.org Share This:

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Crypto News 

IBM is using the technology behind bitcoin to help businesses in countries with weak banking systems

“IBM is using the technology behind bitcoin to help farmers and other small businesses in underdeveloped countries participate in global trade” writes Becky Peterson for businessinsider.com. The announcement is the latest of several projects IBM is working on that use blockchain technology.While bitcoin is just one use of blockchain, the technology behind it is essentially the same: it’s a decentralized digital ledger. The payment system is already at work in 12 different regions across the Pacific Islands, Australia, New Zealand, and the UK.The companies will use IBM’s blockchain technology to…

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Johnson & Johnson earnings: All eyes on hurricane impact

“Earnings: Analysts expect Johnson & Johnson to report third-quarter earnings of $1.80 per share, up from $1.68 per share in the year-earlier period, according to FactSet” writes Emma Court for marketwatch.com. Beyond Johnson & Johnson, and despite potential storm impact, most pharmaceutical companies will likely report in-line or positive results, Porges said.When Johnson & Johnson reports third-quarter earnings, scheduled for Tuesday before the bell, investors will be closely watching for any commentary about the impact of three recent U.S. hurricanes. Source: marketwatch.com Share This:

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New tools for measuring academic performance

“These measures reflect public outreach and engagement, an area that funders and institutions now include in academic performance evaluations” writes Chris Tachibana for sciencemag.org. Trends in measuring academic performance are driven in part by funders, says Trine Buhl Monty, senior executive consultant for the University of Copenhagen’s Faculty of Science.Graphical displays show clinical measures, research performance, educational statistics, and finances.The story of the NYU Langone dashboard system for tracking academic and clinical performance begins with the appointment of Robert Grossman as dean and CEO in 2007.Louis, specializes in research impact assessment. Source: sciencemag.org…

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GBP News 

Minister faces legal threat over secret reports on impact of UK leaving the EU

“David Davis, the Brexit secretary, has been threatened with legal action over his refusal to publish 50 secret studies commissioned on the impact of Brexit” writes Rowena Mason for theguardian.com. The 50 studies into the impact of Brexit on different industries were commissioned earlier this year but the government has argued that publishing them could damage the UK’s negotiating position with Brussels. Source: theguardian.com Share This:

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Delta sees a big impact from Hurricane Irma, but still tops estimates

“Despite the storm-related impact, Delta beat analyst expectations” writes Alana Wise for businessinsider.com. Delta’s quarterly passenger unit revenue rose 1.9 percent on 1.6 percent higher capacity.Its passenger revenue increased $328 million, including $160 million from fare segmentation initiatives.(Reuters) – Delta Air Lines’ third-quarter adjusted pre-tax income fell 9.5 percent to $1.7 billion compared to the year prior, hit by a $120 million negative impact from Hurricane Irma in September, the company said on Wednesday.The No. 2 U.S. carrier by passenger traffic said its quarterly operating revenue rose 5.5 percent to…

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