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![How the ‘great central bank unwind’ could ignite the next financial crisis]()
How the ‘great central bank unwind’ could ignite the next financial crisis
- Recap: Yellen defends moves to scale back stimulus in face of below-target inflation
- Still on course: Fed signals one more rate hike in 2017
- Wells Fargo may be facing Fed penalty, Yellen says
- Still on course: Fed signals one more rate hike in 2017
- Fed’s Yellen says low inflation a ‘mystery,’ but not mysterious enough to keep rates low
- Dow, S&P 500 finish at records as Fed announces October start to ‘great unwind’
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Need to Know
Manafort offered to brief Russian billionaire on Trump campaign: report
Former Trump campaign chairman Paul Manafort offered to provide private briefings on how the campaign was progressing to a Russian billionaire with close ties with President Vladimir Putin, according to a Washington Post report late Wednesday. Manafort made the offer to Oleg Deripaska, an aluminum magnate and one of the richest men in Russia, who had done business with Manafort in the past, the Post reported. It reportedly occurred two weeks before Trump accepted the Republican presidential nomination, when Manafort was still leading his campaign. The exchange was in a series of emails that were turned over to congressional investigators and special counsel Robert Mueller. The Post said Manafort was seeking to cash in on his growing reputation, asking "How do we use to get whole?" The Post said there was no evidence the briefings actually took place, and Manafort's spokesman said the dealings were "innocuous," according to NBC News, which corroborated the Post's report.
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Personal finance
![The YouTube channels for investors to watch now]()
The YouTube channels for investors to watch now
The ultimate YouTube watch list for investors today, whether you’re new to the game or a veteran looking to next level.
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Inside Marketwatch
Tesla working with AMD on Autopilot chip: CNBC
Tesla Inc. is working with Advance Micro Devices Inc. to produce a chip for its Autopilot, the car maker's suite of advanced driver-assistance systems, aiming to reduce Tesla's reliance on Nvidia Corp. , according to a CBNC report that cited a source familiar with the matter. The report cited the same source saying more than 50 people are working under Jim Keller, the head of Autopilot, and Tesla has brought on several former AMD employees to work on the project, CNBC said. Tesla has developed its own ADAS software and related systems and relies on an onboard Nvidia AI "supercomputer." AMD shares rose 1.5% late Tuesday, while Tesla shares and Nvidia shares fell 0.1% and 0.6%.
Blue Apron gains after Albertsons agrees to buy meal-kit rival
Blue Apron Holdings Inc. shares gained Wednesday afternoon after grocer Albertsons Co. announced that it had bought a rival meal-kit service called Plated. Albertsons, a private company that owns grocery-store chains including its namesake, Safeway and Vons, did not disclose the price paid for Plated. Plated offers meal kits through the mail, like Blue Apron, but will now make that company's offerings available in some of its 2,300-plus grocery stores nationwide. Blue Apron shares gained more than 3% to $5.40 in late trading, after falling 5.5% in the regular session to $5.22. Shares have fallen by as much as 50% from the $10 price commanded in its July initial public offering, amid concerns about competition from the likes of Amazon.com Inc.
