News 

A blast of cold air will move into the region to start the week, accompanied by gusty winds, rain and pockets of snow and ice, making for slippery travel.

“The fresh chill will rush in behind this weekend’s storm with rain and pockets of snow and ice” writes Renee Duff for aol.com. “As the mid-Atlantic dries out, the storm will spread snow or a wintry mix from northeastern Pennsylvania to Maine on Sunday night,” AccuWeather Senior Meteorologist Kristina Pydynowski said. Source: aol.com Share This:

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Markets News 

China’s slower growth in November spooks emerging markets, undermining risk sentiment

“So what should we make of the data point?” writes Markets Reporter for marketwatch.com. That made for a 5.4% increase on the industrial side, versus 5.9% in October, and 8.1% growth in sales, down from 8.6% in October.Needless to say, the data show there’s still a whole lot of growth in China.China, of course, is a big piece in the growth puzzle — some might even say it is the puzzle. Source: marketwatch.com Share This:

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Markets News 

Haven dollar touches 1½-year high as global growth worries dominate trading

“Currency markets attracted flows into perceived havens on Friday, as risk appetite weakened following softer-than-expected economic data from the eurozone and China” writes Markets Reporter for marketwatch.com. The economic data that weighed on risk appetite Friday morning included Chinese economic activity that mostly slowed in November, driven by weakness in both industrial production and retails sales.The New Zealand dollar NZDUSD, -0.8750%  was the worst performer in the Group of 10 most heavily traded currencies, down 0.9% against the dollar at $.0.6802.The eurozone composite index slipped to 51.3 versus 52.8 expected,…

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Robinhood didn’t give key industry watchdog a heads-up about the launch of its free checking account

“On Robinhood’s website, it explains that users need to sign up for a Robinhood account to get the checking and savings accounts” writes Liz Moyer for cnbc.com. Robinhood announced on Thursday it would offer no-fee checking and savings accounts alongside its brokerage accounts, with an enticing 3 percent annual interest rate.Brokerage firms often offer accounts for customers to hold cash until it can be invested in securities, but those accounts aren’t meant to be strictly for savings, Harbeck said.But it says users do not need to invest to use the…

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The CEO whose stock exchange is taking on Nasdaq and NYSE says people don’t realize how different entrepreneurship is from corporate life

“Joining a big company gives employees room to learn and grow, but there is little time to learn things while running your own company, Katsuyama said” writes Myelle Lansat for businessinsider.com. “I think I fretted more about the risk other people were taking than my own risk,” he said.With every life cycle a startup goes through, Katsuyama said, it tests your strength and will to see a business through.”People’s families rely on us to make good decisions and to build a good business so that’s a level of stress that…

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Clint Carlson’s hedge fund loses its chief risk officer in the latest senior staff departure to rock the firm

“Clint Carlson’s Dallas-based hedge fund is losing another senior member of its team” writes Bradley Saacks for businessinsider.com. The hardest hit fund in 2017, the Black Diamond Thematic fund, has returned 3.41% through November after losing 22.1% last year.The $8.5 billion hedge fund manager’s performance is up this year.Performance in the firm’s two flagship multistrategy funds, Double Black Diamond and Black Diamond, have returned 2.73% and 2.28% through the end of November, respectively, a source close to the firm told Business Insider. The three main funds at Carlson have outperformed…

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The Medicare-For-All Paradox

“When President Obama and Democrats in Congress settled on a health care plan, they largely left big employer plans alone” writes Dec Est for vox.com. Health care spending for job-based insurance increased by 44 percent from 2007 to 2016, according to researchers at the Health Care Cost institute.But their plight reveals the cracks, increasingly difficult to ignore, in the bedrock of American health care: employer-sponsored insurance.The economics are pretty straight-forward: Employers save on taxes when they spend money on health care instead of wages.Employer health insurance does do a few…

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News Regulators 

Janet Yellen is worried about the next financial crisis

“And then the financial crisis came” writes Francine Mckenna for marketwatch.com. We are a decade after the financial crisis so that would be worrisome and wrong to do,” Yellen told the audience at the Women in Housing and Finance holiday event.We fortunately had not had a financial crisis.See also: Ten years after Lehman, IMF’s Lagarde warns fallout from financial crisis far from over Her new role, as a Distinguished Fellow in Residence at the Brookings Institution, a nonprofit public policy organization, “is a little less stressful,” she said.Yellen said she…

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GBP News 

An analyst explains the greatest risks to UK airlines if a Brexit deal falls apart

“The fourth risk for airlines is the loss of safety certifications for UK airlines and their staff” writes Benjamin Zhang for businessinsider.com. Should there be a no-deal Brexit, Moody’s has identified five main risks for airlines.The first risk for UK airlines is the immediate loss of flying privileges to and within Europe.Considering the fact the UK airlines already conform to EU standards, getting approval should not be a problem. Source: businessinsider.com Share This:

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