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Amazon raises minimum wage to US$15, urges rivals to follow

... se in the federal minimum wage and urged its competitors to follow its lead as the union-led “Fight for Fifteen” movement pushes for higher remuneration. Amazon’s move comes when US unemployment is at ...More

EJ Insight2018-10-03

HK banks raise prime rates for first time in 12 years

... orts. The Federal Reserve on Wednesday (Thursday in Hong Kong) lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent, its third rate ...More

EJ Insight2018-09-28

Is John Bolton a time bomb in Trump administration?

...  with the federal government in the early 1980s. He was named assistant attorney general in the Reagan administration, became assistant secretary of state during the presidency of George Bush Sr., and ...More

EJ Insight2018-09-28

SEC sues Musk for fraud, seeks his removal from Tesla

... t filed a federal court in New York, the Securities and Exchange Commission (SEC) said Musk had put out "false and misleading” tweets last month about potentially taking Tesla private, Reuters reports ...More

EJ Insight2018-09-28

Fed chief Powell signals central bank is done with signaling

Federal Reserve Chairman Jerome Powell has a new message for financial markets: watch the data on jobs, wages and inflation for signals on monetary policy – not the US central bank’s words or forecast ...More

EJ Insight2018-09-28

China leaves rates steady after Fed hike

China’s central bank left short-term rates unchanged on Thursday, choosing not to follow a benchmark interest rate rise by the US Federal Reserve despite the risk that it could that it could put renew ...More

EJ Insight2018-09-27

Fed raises rates, sees at least three more years of growth

The US Federal Reserve raised interest rates and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of growth, Reuters ...More

EJ Insight2018-09-27

Fed likely to raise rates, possibly end 'accommodative' policy

With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in US economic growth will prompt the central bank to r ...More

EJ Insight2018-09-26

Porsche abandons diesel cars amid EV push

...  EU5, the Federal Motor Transport Authority has declared an engine charge control as not being in line with the law. This was about nitrogen oxide, not CO2.” Blume said Porsche is owning up to the iss ...More

EJ Insight2018-09-24

Ten years on: Escaping the shadow of Lehman's fall

...  – the US Federal Reserve, the People’s Bank of China, the European Central Bank and the Bank of England – now hold some US$20 trillion in assets on their balance sheets. Critics of the program argue, ...More

EJ Insight2018-09-24

US Justice Dept probes Musk statement on taking Tesla private

... lier that federal prosecutors had opened a criminal fraud investigation. Tesla did not say whether the Justice Department probe was criminal or civil. Musk surprised investors on Aug. 7 with his plan ...More

EJ Insight2018-09-19

Universal basic income or universal living wage?

... tes for a federal jobs guarantee have been gaining momentum on the traditional left. But while such a program could employ millions of workers to deliver basic public services and rebuild and moderniz ...More

EJ Insight2018-09-18

New York state sues US govt over fintech bank charters

New York state has launched a lawsuit against the US federal government, calling for voiding of a decision to award national bank charters to online lenders and payment companies. The state's top bank ...More

EJ Insight2018-09-17

Police chief Stephen Lo granted service extension for one year

... ng at the Federal Bureau of Investigation National Academy in Quantico, the United States; the China Executive Leadership Academy in Shanghai; the Chinese Academy of Governance, Beijing; and the Royal ...More

EJ Insight2018-09-14

The makings of a 2020 recession and financial crisis

... t. The US Federal Reserve will thus continue to raise the federal funds rate from its current 2 percent to at least 3.5 percent by 2020, and that will likely push up short- and long-term interest rate ...More

EJ Insight2018-09-14

India: The biggest risk in emerging markets?

... mand. The Federal Reserve has warned for two years about rising rates and policy normalization. Yet governments ignored this and continued to increase imbalances as well as rising debt in US dollars. ...More

EJ Insight2018-09-12

Wall Street regulators move against cryptocurrency firms

... ubject to federal laws. US Securities and Exchange Commission Chair Jay Clayton said in February he believed most of the sales of new tokens, known as initial coin offerings, should be considered secu ...More

EJ Insight2018-09-12

US weighs sanctions amid concern over China's Muslim crackdown

... ky Act, a federal law that allows the US government to target human rights violators around the world with freezes on any US assets, US travel bans, and prohibitions on Americans doing business with t ...More

EJ Insight2018-09-12

Does Quebec independence still have a market?

... ependence federal political party Bloc Québécois swept to an unprecedented victory in the general election in 1993 and became the second-largest party in the Canadian federal parliament. Then in the f ...More

EJ Insight2018-09-11

Final thoughts on secular stagnation

... , and the Federal Reserve, all of which had suggested – based on the same information available to Stiglitz when he wrote his paper – that implicit guarantees to Fannie Mae were potentially costly. I ...More

EJ Insight2018-09-07

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