One day after the the S&P500 bull market set a new duration record, at exactly 0.01 Washington Time on Thursday, the U.S. imposed tariffs of 25% on $16 billion worth of imports from China, sending the US dollar sharply higher across the board.
i) intervene in currency markets risking a new wave of reserve depletion; ii) raise interest rates to defend the currency risking economic weakness; or iii) let the currency depreciate risking capital outflows.
Identity theft protection firm LifeLock - a company that’s built a name for itself based on the promise of helping consumers protect their identities online - may have actually exposed customers to additional attacks from ID thieves and phishers.
"Certainly, an investigation into these accusations is warranted. However, giving the case to a law firm with proven bias isn’t how to go about getting to the truth. Perkins Coie are already involved in numerous scandals..."