News 

California regulators open inquiry into PG&E power outages

“California regulators have unanimously ordered an investigation into a dozen deliberate Pacific Gas & Electric power outages that plunged millions of people into the dark last month” writes The Associated Press for latimes.com. Southern California Edison and San Diego Gas & Electric also shut off power, but to far fewer people.Southern California Edison also initiated five preventive outages but to far fewer customers.Residents in San Francisco suburbs and in Northern California wine country were without power for days. Source: latimes.com

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Policy Daily Review November 13, 2019

Policy Daily Review for November 13, 2019 Fed’s Harker: Monetary policy is about neutral or slightly accommodative Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday said that the Federal Reserve’s monetary policy was ‘about neutral or slightly a   Fed’s Barkin: Policy in a mildly accommodative place following rate cuts this year Richmond Fed President Thomas Barkin on Tuesday said that the Federal Reserve’s monetary policy was in a “mildly accommodative place,” following this   US Justice Department: Chinese national pleads guilty to theft of trade secrets from the…

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Regulators begin probe into Google-Ascension cloud computing deal: WSJ

“(Reuters) – A U.S. federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc’s Google and Ascension Health which would give Google access to detailed health information of millions of patients, the Wall Street Journal reported on Tuesday” writes Midwest Communications Inc for 95kqds.com. The Office for Civil Rights in the Department of Health and Human Services will look into the data collection to ensure the partnership is in compliance with the Health Insurance Portability and Accountability Act (HIPPA) which safeguards medical information, the Journal said…

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Policy Daily Review November 12, 2019

Policy Daily Review for November 12, 2019 ECB to cut its deposit rate by 10bp in March – ABN AMRO In a recently published article assessing the European Central Bank’s monetary policy outlook, “We now expect the ECB to cut its deposit rate by 10bp   A ComRes poll shows Labour claw back one point in a recent Westminister poll Its been an interesting day in UK politics and a small rollercoaster for Boris Johnson. Earlier in the session, Boris Johnson received a boost after   ECB’s Mersch sounds a…

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Boeing expects 737 Max deliveries to resume next month, sending shares higher

“Boeing on Monday said it expects to resume deliveries of its grounded 737 Max planes as early as next month and that airlines could be able to restart commercial service in January, sending shares of the manufacturer sharply higher” writes Leslie Josephs for cnbc.com. Even after the planes are fully cleared to fly, airlines will have to train thousands of their 737 pilots before they can fly commercially. Source: cnbc.com

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Policy Daily Review November 11, 2019

Policy Daily Review for November 11, 2019 Unpublished Labor Department Data Unveils A Dim Picture Of American Wages Unemployment numbers can be misleading, as averages often are. Unpublished data from the Labor Department shows a more nuanced picture where the health and wealth of the American worker are not as widespread as the headline numbers may suggest.   Euro Outlook Hinges on US-China Trade Deal, Fed Policy Bets The Euro is likely to take direction from progress on a US-China trade deal and evolving Fed policy bets in the week…

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AUD News 

Australia Is Looking to Grill Libra Even Harder

“Financial regulators in Australia are looking to put more pressure on Libra” writes Nick Marinoff for livebitcoinnews.com. The Australian regulators in question cite a very “poor” meeting that occurred between them and representatives of Libra back in October.After all, it’s not like Facebook had been responsible with separate financial data in the past. Source: livebitcoinnews.com

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Apple Card is facing a formal investigation by Wall Street regulators over gender discrimination allegations made in a viral tweet

“A viral tweet thread has prompted a formal investigation into alleged gender discrimination in the Apple Card’s credit limit algorithm” writes Finanzen Net Gmbh for businessinsider.com. In response, a Wall Street regulator is formally launching an investigation in Goldman Sachs Group Inc.’s algorithmic practices around the Apple Card, Bloomberg reported.Hannson said on Twitter that consumers deserve more insight into the credit limit process, and companies like Goldman should delineate its methodologies.”Any algorithm, that intentionally or not results in discriminatory treatment of women or any other protected class of people violates…

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Policy Daily Review November 8, 2019

Policy Daily Review for November 8, 2019 Canada Goose shares tumble after downgrade on department store concerns Winter should be the best time of year for Canada Goose Holdings Inc. , but shares of the outdoor apparel company are down 4% in Thursday trading after it…   GBP/USD in post-BOE bearish consolidation above 1.2800 The recovery attempts in GBP/USD continue to face stiff resistance near 1.2825 region, leaving the spot in a downside consolidation phase above the 1.   Cheer Up Image courtesy: images-na.ssl-images-amazon.com Have a nice trading!

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Policy Daily Review November 7, 2019

Policy Daily Review for November 7, 2019 US Pres. Trump to deliver a speech on “trade and economic policy” next Tuesday – CNBC According to Kayla Tausche, Washington Correspondent at CNBC News, the US President Trump will deliver a speech on “trade and economic policy” at the   Forex Today: Troubled trade talks dampen markets, BOE ‘s Super Thursday awaited, oil prices slip Here is what you need to know on Thursday, November 7: – Trade trouble: The US and China may delay the signing of the trade deal to…

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