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Fed’s Powell Declares ‘Time Has Come’ for Rate Cuts
Fed Chair Jerome Powell said in Jackson Hole, Wyo., Friday that the central bank intends to act to stave off a further weakening of the U.S. labor market.
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The Morning Risk Report
A crypto lobbyist connected to an FTX executive was indicted on campaign-finance offenses, and PG&E is racing to confront an uptick in fires in the riskiest months of wildfire season. Plus, Canada ordered an end to a rail work stoppage.
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CVC and Abu Dhabi, Singapore Funds Make Around $15.6 Bln Joint Bid for DB Schenker
CVC Capital Partners, Abu Dhabi Investment Authority and Singapore’s sovereign-wealth fund have bid around $15.56 billion for Deutsche Bahn’s Schenker division, a person close to the deal said.
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Gold Fields Falls After Another Guidance Cut, Disappointing Profit
Gold Fields fell after it booked a lower-than-expected net profit for the first half of the year and cut its full-year production target for a second time due to operational issues.
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Yes, There Is a Best Month to Get Your Flu Shot
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Final Body Recovered From Mike Lynch’s Sunken Yacht
The tech entrepreneur’s 18-year-old daughter, Hannah, was the last person to be missing after the vessel went down off Sicily earlier this week.