New Rule Requiring License, Background Checks For Gun Dealers Proposed

The Justice Department has announced a proposed rule that makes a license mandatory for gun dealers to sell firearms and requires officers to complete the background checks on buyers. The detailed rules, released by the Justice Department, would clarify the circumstances in which a person is “engaged in the business” of dealing in firearms and thus required to obtain a […]

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U.S. Job Growth Exceeds Estimates In August But Unemployment Rate Unexpectedly Jumps

While the Labor Department released a closely watched report on Friday showing modestly stronger than expected job growth in the month of August, the report also showed an unexpected increase in the unemployment rate. The Labor Department said employment climbed by 187,000 jobs in August compared to economist estimates for the addition of 170,000 jobs. The bigger than expected increase […]

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French Industrial Production Recovers In July

France’s industrial production rose in July, led by a rebound in manufacturing, preliminary data from the statistical office INSEE showed Friday, though the momentum is unlikely to be sustained in the coming months amid weakening demand globally and high interest rates. Total industrial production rose 0.8 percent from June, when output fell 0.9 percent. Economists had forecast a modest 0.1 […]

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Crypto can’t be legal tender; blanket ban not easy: IMF-FSB paper

Crypto assets should not be granted official currency or legal tender status, the much-awaited synthesis paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB) has said ahead of the G20 leadership summit under India’s presidency. However, the report has argued against a blanket ban on activities linked to crypto assets, explaining that such a move can be […]

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Cautious Optimism In Markets As Jobs Data Looms

Markets are trading on a cautiously optimistic note ahead of the release of the monthly jobs data from the U.S. The monthly update, inter alia on additions to non-farm payrolls and the unemployment rate is expected to indicate the extent of resilience of the labor market and its likely sway over the Fed’s monetary policy strategy. Wall Street Futures are […]

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