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What's News |
| Good Morning Here's what we're watching as the U.S. business day gets under way: |
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Fed caught between a slowing economy and an angry president. When Jerome Powell addresses central-bank leaders in Jackson Hole, Wyo., this week, many observers will be looking for clues to his next move. The Federal Reserve chairman faces scrutiny from markets and the White House over his stewardship of interest rates in an unsettled U.S. economy. |
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Global stocks jump. Stocks in Europe and Asia climbed on the prospect of stimulus measures across major economies, with central-bank leaders set to meet. Hong Kong’s index is on pace for its strongest performance in two months. |
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Investors rush into havens. Investors are snapping up safer assets including gold, dividend-paying stocks and the Japanese yen, underlining growing anxiety over trade tensions and slowing global growth. |
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Russian monitoring stations went silent after missile blast. Two stations designed to detect radiation stopped transmitting data soon after the explosion at a missile test site this month, spurring concerns among observers that Moscow is trying to restrict evidence of the accident. |
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Trump cautions China on Hong Kong response. The president warned his Chinese counterpart against reacting violently to the city's protests, saying that could threaten a trade deal. |
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Protesters hit reset. Pro-democracy organizers praised a "revitalized and reauthorized" campaign after peaceful scenes at Hong Kong's largest rally in weeks struck a contrast to the bloody battles of recent weekends. |
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Iranian tanker leaves Gibraltar. The impounded Iranian vessel sailed out of the British overseas territory despite objections from the U.S., raising hopes that Iran would reciprocate and release a British-flagged tanker in the Persian Gulf. |
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Greenlanders cringe at being Trump's fantasy island. The president has become entranced by the idea of the U.S. buying this vast, ice-shrouded island. But while his interest has drawn mixed reactions in Greenland’s capital, all insist that the country isn’t for sale. |
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CEOs shift focus to serving the greater good. An association of the leaders of some of America’s biggest companies is changing its statement of “the purpose of a corporation,” taking into account not just the interests of shareholders, but also those of employees, customers and society writ large. |
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A county's RV industry points to a recession around the bend. Elkhart, Ind., has long offered its own economic bellwether—with captains’ chairs and onboard bathrooms. The capital of the RV industry is watched for indications of waning demand for luxury items, a sign of economic anxiety. |
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🎧Hear more from reporter Shayndi Raice in today's What's News podcast. |
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| ILLUSTRATION: PEP MONTSERRAT |
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The "overqualified" trap. Few obstacles are more perplexing for job seekers than being told you’re overqualified. The problem can crop up anytime, even early in applicants’ careers, and often when they least expect it. Here's what to do about it. |
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Nordstrom did so much right, but it's still in trouble. The retail chain invested heavily in e-commerce, didn’t open too many stores and has been quick to experiment with new types of shopping formats. Yet, it’s suffering the same fate as department stores that innovated less. |
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Novartis CEO battles fallout from data manipulation. Vas Narasimhan has spent part of his 18 months at the helm of the drug giant cleaning up issues that emerged before his watch. Now, he is facing a storm of his own making. |
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Friendship always calls for some maintenance costs. But in a world where birthday parties for milestones might cost hundreds of dollars and pre-wedding festivities come with a price tag, those hoping to stay frugal can have a hard time. |
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Committed to each other—and a 444-mile tandem bike ride. This New Hampshire couple has spent 32 years logging serious miles on bikes. Their next challenge is by far their toughest together. |
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When Hello Kitty is the enemy. The South Korean boycott of Japanese goods, triggered by a trade dispute and fueled more by emotion than economics, initially targeted travel and marquee brands but has evolved into an effort to avoid any kind of Japanese influence. |
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A guide to buying and storing spices. A new way of selling spices demystifies the process to deliver greater flavor and freshness. |
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| What Members Are Talking About |
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Market tumult stings the new bond king. For much of the past decade, Daniel Ivascyn’s Pimco Income Fund has posted stellar returns. So far this year, though, the fund has fallen short of its benchmark index and nearly all of its peers. |
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Thousands Protest Milošević More than 100,000 people marched in Belgrade, Yugoslavia, to demand that President Slobodan Milošević step down. Earlier that year, Milošević and four Serbian officials were indicted for the murder, deportation and persecution of ethnic Albanians during the Kosovo War. He was extradited to the U.N. war crimes tribunal in 2001 and died in his prison cell in The Hague in 2006. |
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