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Ex-Fed Governor Kugler quit after more trading violations | Fortune
Former Federal Reserve Governor Adriana Kugler abruptly resigned after Chair Jerome Powell refused to grant her a waiver to address financial holdings that ran afoul of the central bank’s ethics rules, according to a Fed official.Kugler also faced a...
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If you think beef is expensive now, just wait until next year when prices could soar nearly 60% | Fortune
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Beef prices have been giving Americans sticker shock at grocery stores lately, and they are poised to reach even more stomach-churning levels next year, according to Omaha Steaks CEO Nate Rempe.In an interview Friday on Fox Business’ Mornings with...
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‘A national security problem and a homeland security problem’: The world targets Southeast Asia’s notorious scam centers | Fortune
Southeast Asian governments and businesses have been rocked by a renewed focus on the region’s notorious scam centers, compounds where workers—often themselves victims of human trafficking—try to defraud individuals in wealthier economies like Singapore and Hong Kong.In mid-October,...
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‘The system’s about to break’ — Thousands of court-appointed lawyers and staffers haven’t been paid since June | Fortune
The longest U.S. government shutdown in history is officially over, but the fallout will continue to hit two groups particularly hard for months to come: federally funded defense lawyers and the people they represent.Thousands of court-appointed lawyers, known as Criminal Justice...
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Apple is ramping up succession plans for CEO Tim Cook and may tap this hardware exec to take over, report says | Fortune
Apple’s board of directors and senior executives have been accelerating succession plans for Tim Cook, sources told the Financial Times.After serving as CEO for 14 years, Cook may step down as early as next year, the report said.Apple’s senior...
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Trump finally breaks with MAGA stalwart Marjorie Taylor Greene after flood of vicious criticism, labeling her ‘wacky’ | Fortune
President Donald Trump has publicly called it quits with one of his most stalwart MAGA-world supporters, calling Georgia Rep. Marjorie Taylor Greene “’Wacky’ Marjorie” and saying he would endorse a challenger against her in next year’s midterms “if the...
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Restoring America’s manufacturing backbone through semiconductor leadership | Fortune
It’s no secret that America—the birthplace of the transistor and, by extension, the modern semiconductor industry—has gradually ceded its leadership in the manufacturing of semiconductors.These chips power everything from smartphones and cars to satellites, advanced defense systems and artificial...
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Meet the 73-year-old who splits his time between Panama and the U.S.: ‘$500 is my cost of living, plus food’ | Fortune
With so many Americans burnt out from U.S. hustle culture and high living costs, expats are finding that Panama is a solution for their long-awaited golden years.Alan Wells, 73, counts himself among the Americans who’ve looked abroad for a...
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Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman | Fortune
President Donald Trump moved aggressively to deflect scrutiny on Friday after a new batch of Jeffrey Epstein’s private emails — released this week by the House Oversight Committee — resurfaced his own long-scrutinized relationship with the disgraced financier.Hours after...
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Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’ | Fortune
Job cuts are expected to hit one of the world’s largest telecommunications companies just over a month after crowning its new CEO.Verizon, which has operating revenue of $101.81 billion so far this year, plans to cut about 15,000 jobs...
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Lebanon says Israeli strike killed 13 people near Palestinian refugee camp
At least 13 people have been killed in an Israeli strike near a Palestinian refugee camp in southern Lebanon,...