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November 17, 2019
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Alan Greenspan says there’s ‘no point’ for central banks to issue digital currency

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The former Federal Reserve chairman said national currencies are backed up by sovereign credit, something no other organization can offer. Source link: Click here for more
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CEO departures hit a new high in October, on pace for a record year

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October marked the highest month on record with 172 chief executives leaving their posts, according to business and executive coaching firm Challenger, Gray & Christmas. Source link: Click here for more
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Investors reassess the hope-and-hype business model, causing stocks like GrubHub to plunge

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There is a stark reassessment of businesses that purport to be software companies and aspire to software valuations, Michael Santoli writes. Source link: Click here for more
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Shares of Shopify drop on surprise loss, but Cramer says you’ll regret selling

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Shares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings. Source link: Click here for more
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GOP congressman: Libra hearing is ‘American innovation on trial’ by lawmakers who don’t get it

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“Because they’re a big company doing this type of innovation, you have American policymakers trying to pounce on them,” Rep. Patrick McHenry says of Facebook. Source link: Click here for more
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Stocks making the biggest moves after hours: Snap, Texas Instruments, Chipotle and more

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See which stocks are posting big moves after the bell. Source link: Click here for more
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Facebook says Libra could use a series of cryptocurrencies pegged to different currencies

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Facebook’s David Marcus says Libra could use “a series of stablecoins” pegged to currencies like the dollar, the euro and sterling. Source link: Click here for more
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Here’s who’s left on Facebook’s Libra project after exodus of top payments companies

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The Libra Council now consists of 21 members, down from the 28 corporate backers who initially said they would join the project. Source link: Click here for more
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Mnuchin says libra backers dropped out because the project is ‘not ready’ to meet regulatory standards

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Treasury Secretary Steven Mnuchin said told libra representatives that he would take action if libra didn’t meet regulatory standards. Source link: Click here for more
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Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl’s, GM & more

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Names on the move ahead of the open. Source link: Click here for more
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Here’s what small businesses, slammed by China tariffs, are doing to minimize impact of trade war

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The sweeping tariffs imposed on China for its alleged unfair trade practices was intended to set right imbalances that put U.S. companies at a disadvantage. What wasn’t intended: the financial hit U.S. small businesses are suffering as a result. Source link: Click here for more

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