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Powell sets Fed’s course with data-based judgment

Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgment and less on some of the models and theoretical values that have shaped the Fed’s course in recent years but that Powell has said can be false guides.

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Big Oil’s Exit Turns Into Revival for Norway’s Aging North Sea

A crash in crude prices and high operating costs threatened to shut them early, leaving millions of barrels in the ground. Two of the fields, Draugen and Valhall, have since fallen into the hands of smaller, local companies, and they’re now expected to keep producing well into the 2040s. The recovery in oil prices is certainly helping. …read more […]

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Money and loyalty: A look inside dramatic Trump-Cohen rift

For Michael Cohen and Donald Trump, it’s always been about money and loyalty. Cohen brokered deals for the Trump Organization, profited handsomely from a side venture into New York City’s real estate and taxi industries and worked to make unflattering stories about Trump disappear. Money and loyalty also drove Cohen to make guilty pleas this past week in a spinoff from the swirling investigations battering the Trump White House. …read more […]

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John McCain, Republican Senator and Vietnam War Hero, Dies at 81

John McCain, the 2008 Republican presidential nominee and Vietnam War hero who was a senior voice on defense and foreign policy in the U.S. Senate, has died. McCain died at 4:28 p.m. Saturday, his office said in an emailed statement. In July 2017, McCain was diagnosed with glioblastoma, an aggressive form of brain cancer. …read more […]

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Barron’s Picks And Pans: Electronic Arts, GlaxoSmithKline, Microsoft, Tesla And More

The cover story in this weekend’s Barron’s examines how the industry is taking video games to the next level. Other featured articles include picks from a value investors club and how to catch an emerging markets rebound. “The Videogame Industry Reaches for the Cloud” by Jack Hough takes a look at why the future of video gaming could arrive sooner than many players expect, with important implications for investors. …read more […]