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Former Bond King Short U.S. Bonds, Sees ‘Operation Twist’ in Fed’s Future By Investing.com

By Yasin Ebrahim Unlike some investors, former Pimco Chief Executive Bill Gross is not waiting around for clues from the Federal Reserve or its Chairman Jerome Powell for his next big trade as the former bond king said he is betting that rates will increase and the Fed will be forced to step up bond buying to keep rates under control.  Gross reportedly said...

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Capita to unveil restructuring and 400 million pounds disposal plan – Sky News By Reuters

(Reuters) - Capita PLC on Wednesday will unveil a fresh restructuring of the embattled outsourcer alongside a plan to raise 400 million pounds ($556.04 million) from a string of disposals, Sky News reported https:// on Tuesday. Alongside its annual results, the company will announce that it will slash the number of operating divisions to just three, the report added. Capita,...

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FOMC Statement, Retail Bump, Oil Glut?: 3 Things to Watch By Investing.com

By Liz Moyer Investing.com -- Stocks were muted in advance of the Federal Reserve’s rate decision on Wednesday, even though most people expect no changes in central bank policy. At the same time, the $1.9 trillion in federal stimulus hits starting on Wednesday, and the households and individuals getting a piece of that pie are bound to spend some of it in stores and...

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Fed’s Dot Plot May Back Up Powell’s Patience: Decision-Day Guide By Bloomberg

(Bloomberg) -- While Federal Reserve Chair Jerome Powell has promised to maintain aggressive support of the U.S. economy, the central bank’s quarterly economic forecasts will show how many of his colleagues share his commitment. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of its two-day policy meeting on Wednesday, and repeat a vow...

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Major currencies on hold as investors keep eagle eye on Fed guidance By Reuters

By Hideyuki Sano TOKYO (Reuters) - Major currencies held tight ranges on Wednesday as investors looked to the U.S. Federal Reserve's policy meeting for any indications it could start rate hikes earlier or let bond yields rise further. The dollar index stood at 91.866, having risen for the last three sessions, drawing support mainly from elevated U.S. bond yields on the back...

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More U.S. states join Texas-led antitrust lawsuit against Google By Reuters

By Diane Bartz and Paresh Dave WASHINGTON (Reuters) - Four more states have joined a lawsuit filed by Texas and others against Alphabet (NASDAQ:GOOGL) Inc's Google that accuses it of breaking antitrust laws to boost its already dominant advertising business, the Texas attorney general said on Tuesday. Joining the lawsuit filed in December are Alaska, Florida, Montana, Nevada and Puerto Rico,...

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Police say Autopilot not believed in use in Detroit Tesla crash By Reuters

By David Shepardson WASHINGTON (Reuters) - Detroit police said Tuesday they do not believe Tesla's driver assistance system Autopilot was in use during a crash last week of a Tesla that became wedged underneath a tractor-trailer and left a passenger in critical condition. On Monday, the National Highway Traffic Safety Administration (NHTSA) said it was aware of the "violent crash" in Detroit...

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Exclusive: Honda temporarily cutting some production at all U.S., Canada plants By Reuters

WASHINGTON (Reuters) - Honda Motor Co said late Tuesday it will temporarily suspend some production next week at all U.S. and Canadian plants citing a number of supply chain issues. A spokesman for the Japanese automaker said it would halt production for the entire March 22 week at a majority of U.S. and Canadian plants citing "the impact from COVID-19, congestion at...

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Democracy in retreat worldwide, warns UK foreign minister Raab By Reuters

LONDON (Reuters) - Democracy is in retreat around the world, British foreign minister Dominic Raab will warn on Wednesday in a speech setting out the danger that autocratic regimes pose to global stability and prosperity. Britain this week announced an overhaul of its foreign and defence policy to prioritise influence in the Indo-Pacific as a way to help moderate the expanding power...

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EU recovery stimulus may prove too little – ECB’s Schnabel By Reuters

PARIS (Reuters) - The European Union's 750 billion euro ($893 billion) economic recovery fund may prove too small and what matters now is spending the money as fast as possible, ECB Executive Board member Isabel Schnabel said. EU governments have until the end of next month to submit detailed plans on how to spend funds from the 27-nation bloc's landmark stimulus fund....

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