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Current Headlines

• Amazon Cancels HQ2 Plans in New York City February 15, 2019
  Amazon is abandoning plans for a headquarters in New York City after facing resistance from some local politicians who objected to giving the company billions of dollars in tax incentives.
• Fed Officials Near Plan to Finish Portfolio Wind-Down February 15, 2019
  Federal Reserve officials are zeroing in on a strategy to end the wind-down of their $4 trillion asset portfolio as soon as this year, which would conclude an effort to drain stimulus from the financial system earlier than they had once anticipated.
• China Seeks to Woo U.S. With Promise of Big Chip Purchases February 15, 2019
  China is counting on promises of big purchases of semiconductors and other U.S. goods to ease trade tensions and persuade President Trump to extend a tariff truce and later resolve the market-rattling dispute directly with Chinese leader Xi Jinping.
• Nvidia's Revenue Sinks 24%, but Wall Street Feared Worse February 15, 2019
  Nvidia reported a 24% drop in quarterly revenue and signaled work ahead to shake off a funk in cryptocurrency mining and revive demand for its chips used by videogamers and data centers.
• FedEx's No. 2 Executive to Leave, Weeks After Joining Board February 15, 2019
  FedEx veteran David Bronczek became a director on Jan. 28 and was a leading internal candidate to succeed founder and CEO Fred Smith.
• CBS Gets Ready to Press for New NFL Deal February 15, 2019
  The media company’s current contract with the National Football League runs through the 2022 season, but CBS executives are already making their case to the league for a new deal.
• PG&E's Bankruptcy Shows Blindspots in Green Investing February 15, 2019
  The bankruptcy filing by PG&E is the latest stumble by a company rated highly by environmentally focused investors, further exposing a weakness in a scoring system meant to measure risk for shareholders.
• Retail Sales Fell in December at Fastest Pace Since 2009 February 14, 2019
  U.S. retailers registered a far worse December holiday selling season than many analysts had realized, according to a government report that sent stocks lower and raised new questions about the economy.
• In Need of Workers, the Midwest Recruits From Puerto Rico February 14, 2019
  Midwest employers have stepped up recruiting in Puerto Rico after finding it hard to secure workers locally or via the H-2B visa program.
• Icahn to Push Caesars to Consider Selling Itself February 14, 2019
  Carl Icahn, who owns roughly 10% of Caesars Entertainment, plans to push the casino operator to consider selling itself after it received at least two approaches.