The Traderszone Network

Many people reflexively roll over their 401(k)s when they leave work, but sometimes that’s a mistake.

Talking about the £375bln of QE now
– we will not sell QE assets until we have raised rates to a level which they can be materially cut
– will seek to provide as much clarity as possible over any further QE sales

The number of Americans filing for unemployment benefits rose less than expected last week, suggesting market conditions continued to tighten.

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Russia marked the one-year anniversary of its ban on Western agricultural products Thursday with an effort to destroy contraband food, a move that has raised controversy amid the nation’s economic downturn. …

Kevin Mahaffey, chief technology officer of cybersecurity firm Lookout, and Marc Rogers, principal security researcher at Cloudflare, said they decided to hack a Tesla car because the company has a reputation for understanding software than most automakers, the FT said. Tesla is issuing a patch, which all drivers will have by Thursday, to fix the flaws, the FT said. Tesla could not be immediately reached for comment outside regular U.S. business hours.

Mortgage giant Fannie Mae reported net income of $4.6 billion from April through June, up from $3.7 billion a year earlier. Rising interest rates enabled Fannie to post gains on the investments it uses …