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Ongoing spat in Italy will hurt investor sentiment, economist says

“Italy is embroiled in a blame game that will ultimately discourage many international investors, an economist told CNBC Friday” writes Luca Zennaro for cnbc.com. “If this proceeds, it has long lasting effects on investor sentiment,” he said.The country’s political parties have apportioned blame for the disaster to, variously, previous governments, the European Union (EU), the road management company and even the mafia.Shares of its mother company Atlantia fell by as much as 23 percent on Thursday morning. Source: cnbc.com Share This:

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Chipotle shares rise after Morgan Stanley upgrade on management changes and other efforts

“Chipotle shares have rallied more than 76% for the year so far while the S&P 500 index SPX, -1.13% is up 5.3% for the period” writes Tonya Garcia for marketwatch.com. CMG, +2.67% shares rose 3.5% in Wednesday trading after it was upgraded to overweight from equal-weight at Morgan Stanley where analysts say Chipotle is “a classic, early stage turnaround story.”. Analysts also think supply chain improvements and other “underappreciated opportunities,” will also drive sales and margins.Analysts give a number of reasons for the bullish outlook including the change in management,…

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Markets News Stocks 

Chinese investors are putting their money in a lot of places — rarely stocks

“But the future development of the Chinese asset management industry still depends on government regulation” writes Evelyn Cheng for cnbc.com. And as Chinese investors grow more sophisticated, local financial services are focused more on developing fixed income and private equity products.On the mass market level, mobile-based money market funds dominate.Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country’s asset management market — which many predict will soon become the world’s second largest.The category accounts for 60 percent…

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Soros Fund Management adds popular tech names, BlackRock in second quarter

“Soros Fund Management took share stakes in Facebook of 159,200 class A shares during the second quarter and 54,500 shares in Apple” writes Midwest Communications Inc for 95kqds.com. Soros Fund Management also dramatically boosted its shares in BlackRock Inc – the world’s largest asset management firm, overseeing $6 trillion – by nearly 60 percent to 12,983 total shares in the second quarter.Still, the filings offer a glimpse into what hedge fund managers saw as opportunities to make money on the long side. Source: 95kqds.com Share This:

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Wildfires are only going to get worse, so we need to alter our strategies now

“Shaped by ignitions, climate and fuels, wildfires are likely to become more frequent and severe with climate change” writes Max Moritz for marketwatch.com. The expense of fuel management can certainly be worthwhile if it uses best-available science to inform active management practices.And fuel management need to be maintained over time, or vegetation regrows and reduces the effectiveness of such actions — often within five to 10 years.Moreover, most responses to fire are focused on suppression and fuels management, rather than also emphasizing other policy responses.Fuel management plans must also take…

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How Traveling Employees Turn Into Banks For Their Employers

“The research suggests that employers face more challenges than the expense management, reimbursement and reconciliation process” reports pymnts.com. However, the traditional strategy of employees using personal funds while on a business trip, only to expense out those purchases at a later date, remains common.A new report from virtual payment solutions provider Conferma says this method can, in essence, turn the employee into a financier of their employers.Many solutions aim to get rid of expense reports altogether, and instead aid corporates in allowing employees to efficiently and securely use company money…

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Think tank: Our laws lack the reality of personal data management

“The changes come faster than legislation or regulatory rules can adapt, and they erase the sectoral boundaries that have defined our privacy laws” writes Metamorworks Istockphoto for washingtonexaminer.com. U.S. privacy laws reflect this conception by aiming at “personally identifiable information,” but data scientists have repeatedly demonstrated that this focus can be too narrow.To most people, “personal information” means information like social security numbers, account numbers, and other data that is unique to them.Cameron Kerry for : As the data universe keeps expanding, more and more of it falls outside the…

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Environmentalists outraged as Ryan Zinke says California fires have nothing to do with climate change

“Environmentalists criticized Interior Secretary Ryan Zinke on Monday for blaming the wildfires raging through California on forest management and claiming that climate change has not played a role in the blazes” reports washingtonexaminer.com. Zinke, however, in comments to local media Sunday, amplified the Trump administration’s push for improvements to forest management policies, rather than blaming climate change.The bill also allowed the Forest Service to do more prescribed burns or forest thinning management projects with less rigorous environmental reviews.The California Legislature provided more than $200 million this fiscal year for forest…

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PeopleScout Launches Enhanced Supplier Management Program

“PeopleScout, a workforce solutions company, announced that it has officially launched its enhanced supplier management program, the PeopleScout Supplier Network” reports pymnts.com. The PeopleScout MSP program partners expertise in staffing and supplier management with Vendor Management System (VMS) technology.According to a press release, the company has been recognized as the ““No. 1 Managed Service Provider on HRO Today’s MSP Baker’s Dozen Customer Satisfaction Ratings for the second consecutive year. Source: pymnts.com Share This:

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Crypto News 

WeChat Tests Blockchain For Automated Employee Expense Management

“Using WeChat, employees can send electronic fapiaos into the Concur Expense platform without manual data entry” reports pymnts.com. Employees that pay with WeChat Pay can automatically send that transaction data to their employers to be reimbursed.CoinDesk reported Friday (Aug. 10) that Tencent is piloting a feature that uses WeChat Pay data to inform employers when an employee has made a purchase.Last year, WeChat announced a partnership with corporate travel and expense management firm Concur, integrating the T&E tool into WeChat to facilitate users’ fapiao tax receipt needs.WeChat, an online messaging service…

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