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On the menu today: the hackers that halted meat production, institutional investors adapt to new a macro landscape, Dogecoin rallies, and the White House CEA on how to combat cyberattacks. ....
(Drone Base/Reuters) Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: the ransomware group behind the Colonial pipeline shutdown, Druckenmiller’s warning to the Fed, a banker bets big on Doge, and David Bahnsen’s conversation with Larry Kudlow. To sign up for the Capital Note, follow this link. Extortion as a Service If the $70 billion run-up in Dogecoin that preceded Elon Musk’s Saturday Night Live appearance didn’t convince you we live in a simulation, perhaps this might. It’s an official statement released by the hacker syndicate DarkSide, which shut down the U.S. East Coast’s major gas pipeline last weekend: ....
(Joshua Roberts/Reuters) Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Yellen says something (and then unsays it), Joe Biden, Peronist, Biden and Brussels against Ireland, and Richard Nixon and Arthur Burns. To sign up for the Capital Note, follow this link. Yellen’ Fire No, that’s not what really what Treasury Secretary Yellen did on Tuesday, but sometimes the lure of a bad pun is too hard to resist. CNBC had a more sober assessment: Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. ....
Inflation, Interest Rates, and Janet Yellen Andrew Stuttaford Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Yellen says something (and then unsays it), Joe Biden, Peronist, Biden and Brussels against Ireland, and Richard Nixon and Arthur Burns. To sign up for the Capital Note, follow this link. Yellen’ Fire No, that’s not what really what Treasury secretary Yellen did on Tuesday, but sometimes the lure of a bad pun is too hard to resist. CNBC had a more sober assessment: Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. ....
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