News Regulators 

Gold prices end higher as focus turns to Fed policy announcement, China trade deal

“Still, gold bulls make the case that signs that U.S. inflation may be edging up and demand for the hard commodity in Asia have underpinned prices” writes Markets Commodities Reporter for marketwatch.com. Higher yields can pressure prices for gold, which doesn’t offer a yield, but a weaker U.S. dollar can help to support buying in dollar-priced precious metals.February gold GCG20, +0.30%  on Comex picked up $3.20, or 0.2%, to settle at $1,468.10 an ounce, following losses in the past two sessions. Source: marketwatch.com

Read More
News 

Microsoft tries to stay out of Amazon’s JEDI appeal while continuing to improve Azure

“Microsoft has deftly counter punched by sticking to tightly-scripted comments and side-stepping an ugly dispute between AWS and the federal government” writes Senior Reporter for marketwatch.com. Microsoft is a distant No. 2 in cloud computing, but is actually playing from a position of strength.It enjoys an enormous installed base throughout federal, state, and local governments through its Windows operating system and productivity software.WORK, -1.65% See also: Microsoft Teams is making Slack investors nervous with its growth The filing is sprinkled with arguments that AWS considers its technology superior to Microsoft’s…

Read More
Markets News 

Mexican ex-security chief charged in US in drug conspiracy

“Garcia Luna was once seen as a powerful ally in the American effort to thwart Mexican cartels from flooding the U.S. market with cocaine and other illegal drugs” writes The Associated Press for seattletimes.com. Genaro Garcia Luna, 51, a resident of Florida, was charged in Brooklyn federal court with three counts of cocaine trafficking conspiracy and a false statements charge, authorities said in a release.Garcia Luna received millions of dollars in bribes from 2001 to 2012 while he occupied high-ranking law enforcement positions in the Mexican government, authorities said.Garcia Luna…

Read More
News Regulators 

Americans keep gorging on debt, thanks to the Federal Reserve

“The Federal Reserve raised official interest rates four times 2018, and investors were expecting more of the same this year” writes Brian Frank for marketwatch.com. So why did a mid-2% interest rate prompt such distress in the U.S. economy?. Given these burdensome piles of debt, even a slight increase in interest rates creates millions more in interest payments for consumers and corporations.With the Fed lowering rates, consumers took this as a cue to gorge more by borrowing as opposed to paying down loans.Consumers are increasingly financing their cars, and rising…

Read More
News 

Google Faces Federal Investigation Over Firing Of Its Four Employees

“Google recently got under the spotlight when it fired four employees who were active in labor organizing at the firm” writes Natasha Mathur for mashable.com. Google said the employees were dismissed for “clear” and “repeated” violations of its data security policies.Meredith Whittaker, Co-Founder and Co-Director of the AI Now Institute, and a core organizer of the Google Walkouts that took place last year, also tweeted in support of the fired employees.As part of the investigation, the agency would look into whether the company discouraged its employees from participating in any…

Read More
News 

Gold steady ahead of Fed meet, awaits clarity on fresh US tariffs

“The central bank is widely expected to keep interest rates on hold in the range of 1.50% to 1.75%” reports cnbc.com. Investors were also looking forward to New European Central Bank boss Christine Lagarde’s first policy meeting on Thursday.Gold prices held steady on Tuesday, ahead of a policy meeting by the U.S. central bank, while investors awaited clarity on whether a next round of U.S. tariffs on Chinese imports will take effect this weekend.The U.S. Federal Reserve’s two-day policy meeting starts later in the day.Spot gold was down 0.1% to…

Read More
News 

Food-assistance cuts will hurt the vulnerable | Editorial

“Until a change to federal food assistance requirements takes effect, adults without jobs can count on help buying food during hard times” reports seattletimes.com. In every county except King, unemployment is higher than 2.8%, the current minimum to eliminate work requirements for food assistance.Its terms: either find a job or training program for at least 80 hours each month, or lose food benefits after three months.As of April, these Basic Food recipients will have three months of benefits, at most, before they must meet federal work requirements.When all three are…

Read More
News 

Explosion of U.S. tech jobs concentrated in just five metro areas, study finds

“For much of the past century, lower-income states and metro areas saw faster wage gains and bigger growth than higher-income ones” writes Reporter Covering National for washingtonpost.com. A third of innovation jobs are concentrated in just 16 counties, the report found, and half are compressed in 41 counties.The result is a growing concentration of high-paying jobs that accelerates wage growth and, by extension, socioeconomic disparities.The share of those jobs shrank dramatically in would-be hubs such as Chicago, Durham, N.C., Philadelphia, Dallas and Wichita, researchers found, with the bottom 90 percent…

Read More
News 

Alleged Planned Parenthood clinic gunman indicted on federal charges for 2015 attack

“Then, the indictment alleges, he kept firing at people in front of the clinic, killing someone outside before forcing his way in” writes National Reporter Covering for washingtonpost.com. In Charleston, after the self-described white supremacist who killed nine black parishioners was sentenced to death in his federal case, local prosecutors accepted his guilty plea in exchange for him also receiving a life sentence in their case.The Justice Department said federal agents took custody of Dear on Monday and brought him to Denver for a scheduled court appearance. Source: washingtonpost.com

Read More
News 

The federal government is investigating whether Google violated labor laws in firing four workers over Thanksgiving

“The National Labor Relations Board has officially opened an investigation into whether Google broke labor laws by firing four employees last month, CNBC first reported” writes Aaron Holmes for businessinsider.com. The NLRB investigation will last approximately three weeks, after which the government will determine whether to take formal action against Google.The company fired four engineers just before Thanksgiving, alleging that they leaked company information in violation of its policies.Those employees subsequently filed a complaint with the NLRB alleging that Google terminated them for attempting to organize a union.The NLRB confirmed…

Read More