2019-08-22



Victoria's Secret parent L Brands shares tank, nearing a 10-year low - CNBC
L Brands shares fell by as much as 12% at one point, touching $17.61 — a price not seen since December 2009.
Link: https://www.cnbc.com/2019/08/22/victorias-secret-parent-l-brands-shares-tank-touch-near-10-year-low.html

Overstock CEO resigns days after sharing statement regarding 'Russian investigation' - KSL.com
Overstock CEO Patrick M. Byrne has resigned.
Link: https://www.ksl.com/article/46623168/overstock-ceo-resigns-days-after-sharing-statement-regarding-russian-investigation

Phone companies, state attorneys general announce broad campaign to fight robocalls - The Washington Post
Twelve of the country's largest telephone companies on Thursday pledged to implement new technology that would spot and block robocalls while helping law enforcement officials track down criminals, part of an agreement brokered between the industry and 51 att…
Link: https://www.washingtonpost.com/technology/2019/08/22/phone-companies-state-attorneys-general-announce-broad-campaign-fight-robocalls/

Trump forces automakers to walk a fine line on fuel economy rules as Ford gets hammered - CNBC
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.
Link: https://www.cnbc.com/2019/08/22/trump-forces-ford-gm-to-walk-a-fine-line-on-fuel-economy-rules.html

Fed's Powell, under pressure, likely to stick to 'mid-cycle' message - Reuters
Federal Reserve Chair Jerome Powell comes to this year's meeting of central bankers in Jackson Hole, Wyoming, caught between discord within the U.S. central bank over appropriate monetary policy and mounting outside pressure for more interest rate cuts.
Link: https://www.reuters.com/article/us-usa-fed-jacksonhole-powell/feds-powell-under-pressure-likely-to-stick-to-mid-cycle-message-idUSKCN1VC1Y8


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