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China plays yuan to demand a ‘Powell Put’

Stop wondering why China is muddying already squishy global markets by driving the yuan lower, and right before next week’s Lunar New Year holiday. Although US President Donald Trump’s use of a rarely employed trade-protection measure against washing machines and solar panels is indeed a provocation, Washington think-tank folks can take a break: the People’s Republic has no intention of ...

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What trucking tells us about the future of work

The future of trucking may tell us a lot about the future of work. It’s no secret that many Americans fear losing their jobs to automation. In a Pew Research Center poll last October, nearly three-quarters of respondents worried that “computers and robots could do most of the work currently done by humans.” And yet the job market seems to ...

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China calls on companies, mutual funds to boost stocks

Bloomberg China has urged controlling investors in listed companies to boost their holdings and some mutual funds to limit equity selling this week, according to people familiar with the matter, as officials seek to stem the impact of the stock selloff. Over the weekend, the China Securities Regulatory Commission and other regulators sent informal directives to some major stockholders encouraging ...

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