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The Big Con: No Matter the Form, Easy Money Is Still a Fraud
P.T. Barnum purportedly proclaimed that “There’s a sucker born every minute”, though there is no proof that he actually said it. Whether true in Barnum’s time or in today’s social-media era, however, the phrase describes those gullible enough to believe anything, even when their better judgment (if they possess any of that) tells them otherwise.Now comes a story about TikTok, where 40 percent of young adults get their news these days. Recent news sources report...
Read More »No Matter the Form, Easy Money Is Still a Fraud
P.T. Barnum purportedly proclaimed that “There’s a sucker born every minute”, though there is no proof that he actually said it. Whether true in Barnum’s time or in today’s social-media era, however, the phrase describes those gullible enough to believe anything, even when their better judgment (if they possess any of that) tells them otherwise.Now comes a story about TikTok, where 40 percent of young adults get their news these days. Recent news sources report...
Read More »Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut
Overview: The US dollar is mostly softer ahead of the September CPI. The euro and Canadian dollar have recorded new lows for the move. The greenback extended its gains against the yen to JPY149.55 but has fallen to new session lows in the European morning near JPY148.85. Given the pushback against Fed Chair Powell's 50 bp cut last month revealed in the FOMC minutes, it will take more than a soft headline CPI today to renew speculation of another large move. In fact,...
Read More »Swiss employees pessimistic over 2025 salaries
Employees have few illusions about their salaries in 2025 Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »Hurrikan «Milton» richtet weniger Schaden an als befürchtet
Überflutete Strassen, Millionen Menschen ohne Strom und erste Todesopfer: Hurrikan «Milton» ist an der Westküste des US-Staats Florida auf Land getroffen. Die Windstärke war glücklicherweise tiefer als angekündigt, weshalb weniger Schäden befürchtet werden als befürchtet.
Read More »Schweiz liefert vertrauliche Bankdaten an mehr als 100 Staaten
Der automatische Informationsaustausch der Schweiz mit anderen Ländern ist bereits seit einigen Jahren Standard. Zuletzt kamen vier weitere Staaten hinzu. In der Schweiz liefern rund 9’000 Finanzinstitute vertrauliche Kundeninformationen.
Read More »PRI vergibt Klima-Award an Nordea AM
Nordea Asset Management gewinnt den PRI Award 2024 für sein Engagement im Bereich der Methanemissionen.
Read More »Swiss pharma Novartis cleared of patent abuse allegations
Competition Commission closes investigation against Novartis Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »Informationsaustausch mit 9’000 Finanzinstituten in 108 Staaten
Die Eidgenössische Steuerverwaltung (ESTV) hat mit 9'000 Instituten in 108 Staaten Informationen über Finanzkonten ausgetauscht. Der Austausch erfolgte im Rahmen des globalen Standards zum automatischen Informationsaustausch (AIA).
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