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PG&E plans more power cutoffs, warns of severe weather this week

“(Reuters) – PG&E Corp said it was considering more power cutoffs, which would be much smaller than the recent outage, as the bankrupt California power producer warned about severe weather risks later this week” writes Midwest Communications Inc for 95kqds.com. The potential power cutoffs will be “significantly smaller” than the Oct 9-12 PSPS event, the company said.PG&E is considering implementing a public safety power shutoff (PSPS) and turning off power across portions of the counties, adding that as of late Sunday no PSPS had been called.The company cut off electricity…

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G20 Finance Leaders: Stablecoins Present Serious Regulatory Risks

“The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks” writes Joeri Cant for cointelegraph.com. Per the report, the nations agreed that global acceptance of stablecoins will give rise to a set of serious public policy and regulatory risks.G20 finance ministers stated: Bank of Japan’s Governor Haruhiko Kuroda said that the G20 summit will begin with a debate regarding stablecoin regulations — following proposals from global regulatory bodies like the Financial Stability Board and the Financial Action Task…

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Corporate bonds may be paying too little spread to offset fourth-quarter selloff risks

“Risks of a U.S. corporate bond selloff often run high into the final months of the year when liquidity can get pinched and credit spreads widen” writes Sunny Oh for marketwatch.com. The week also saw several additional warnings about corporate leverage, with the International Monetary Fund pointing to a potential $19 trillion corporate debt mess if the next recession is half the magnitude of the 2007-2008 crisis.Check out: Credit-rating firms raise more alarms about the weakest corporate borrowers Bank of America Merrill Lynch analysts estimate the net amount of bonds…

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Japan finance minister signals readiness to ramp up stimulus to fight risks

“On the global economy, Aso said he still expected a moderate recovery to continue through next year” writes Midwest Communications Inc for 95kqds.com. But the weakness has yet to spread to non-manufacturers or domestic demand,” Aso told reporters after attending a Group of 20 finance leaders’ working dinner.”Given uncertainty over the global economy, exports are falling and weighing on manufacturers’ output. International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa has said Japan can ramp up fiscal stimulus if the hit to the economy from October’s sales tax hike proves…

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California power cutoff begin as wildfire risks rise

“(Reuters) – Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said” writes Midwest Communications Inc for 95kqds.com. Consequently, PG&E said on Tuesday it was extending a previously announced “public safety power shutoff” to 34 counties, more than half of all the counties in California. Source: 95kqds.com

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Working in a strenuous job while pregnant can lead to a range of health risks during and after childbirth

“Fetal macrosomia is associated with health risks for both mother and child, according to the Mayo Clinic” writes Meera Jagannathan for marketwatch.com. Working in a more physically demanding job can increase the likelihood that a pregnant woman’s newborn will be bigger than average, a new study suggests.Potential maternal risks include labor difficulties, post-delivery bleeding and uterine rupture, while risks to the child include childhood obesity and lower-than-normal blood sugar.Expecting mothers may also be entitled to accommodations under the Americans with Disabilities Act if they develop a pregnancy-related health condition. Source: marketwatch.com

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Powell says economy in good place but it’s facing some risks and challenges

“Federal Reserve Chairman Jerome Powell on Friday sounded upbeat about the economy, but noted it’s facing some risks and challenges” writes Senior Economics Reporter for marketwatch.com. “Overall [the economy] is – as I like to say- in a good place,” Powell said, at the start of a conference at the central bank.The longer-term challenges facing the economy are from “low growth, low inflation and low interest rates,” he said. His brief remarks did not touch on the September employment report or his view about the likely path of interest rates. Source:…

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Fed Chairman Powell says economy is in a ‘good place,’ but it’s facing some risks and challenges

“Federal Reserve Chairman Jerome Powell on Friday sounded upbeat about the economy, but noted it’s facing some risks and challenges” writes Senior Economics Reporter for marketwatch.com. “Overall [the economy] is – as I like to say- in a good place,” Powell said, at the start of a conference at the central bank.The longer-term challenges facing the economy are from “low growth, low inflation and low interest rates,” he said. His brief remarks did not touch on the September employment report or his view about the likely path of interest rates. Source:…

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Markets News Oil Stocks 

JPMORGAN: 3 political flash points are set to dictate the future of global markets. Here’s how investors should get ready for them.

“This combo makes the FTSE an attractive underweight relative to US stocks, Normand said” writes Akin Oyedele for businessinsider.com. This implies that a good hedge would be to underweight this currency rather than emerging-market stocks or the other exposed assets listed above.Instead, they think markets have shown incredible resilience to the series of blows that have come from all sides.The Chinese renminbi seems to be the most expensive asset among those exposed to the trade war, Normand said.Investors in other markets have also largely overlooked the liquidity crisis. Source: businessinsider.com

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Thousands of Swiss protest 5G wireless over health fears…

“Thousands of people protested in the Swiss capital Bern Saturday over the roll-out of a 5G wireless technology across the country, which they fear could damage people’s health” reports yahoo.com. People take part to a nationwide protest against the 5G technology and 5G-compatible antennae deployment in front of the Swiss house of Parliament in Bern, on September 21, 2019.The Swiss Federation of Doctors (FMH) has also argued for a cautious approach to the new technology. Source: yahoo.com

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