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Fed Ponders When To Cut Interest Rates

Wednesday, June 19th, 2019

Federal Reserve Chairman Jerome Powell has been under pressure from President Trump to lower interest rates.

There’s an unusual air of suspense surrounding the Federal Reserve’s policy meeting, with the possibility that the central bank could cut rates for the first time in nearly 11 years.

(Image credit: Patrick Semansky/AP)

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Florida Wants To Import Medicine From Canada. But How Would That Work?

Wednesday, June 19th, 2019

Gov. Ron DeSantis signed Florida

A new law would let the state make bulk purchases of prescription drugs from Canada. But it still faces hurdles that could keep it from becoming reality.

(Image credit: Florida Governor’s Press Office)

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Google Will Devote $1 Billion To Try To Tame Housing Costs In S.F. Bay Area

Tuesday, June 18th, 2019

RVs sit parked on a street near Google

Over the next 10 years, Google hopes to help bring 20,000 new homes to the local market. Part of the plan calls for rezoning company-owned land so that it can be used for residential housing.

(Image credit: Justin Sullivan/Getty Images)

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‘Sports Illustrated’ Magazine Now Under Ross Levinsohn, Exec With Controversial Past

Tuesday, June 18th, 2019

Authentic Brands Group, which bought Sports Illustrated in May, has now licensed its print and digital publishing rights to another company.

The storied magazine was sold last month. And now editorial control of the 65-year-old magazine has been licensed to TheMaven, a digital outfit that is bringing in a controversial CEO.

(Image credit: Mark Lennihan/AP)

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Sotheby’s Announces Its Biggest Sale — Itself — For $3.7 Billion

Monday, June 17th, 2019

Sotheby

The deal puts the auction house, which was founded in 1744, on a path to becoming a private company again.

(Image credit: Drew Angerer/Getty Images)

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