US budget deficit reaches 7-year high | London Stock Exchange rejects $37B bid from Hong Kong exchange | WeWork makes governance changes to revive IPO demand
September 13, 2019
SmartBrief for CFOs
Business Finance Today
US budget deficit reaches 7-year high
US budget deficit reaches 7-year high
(Karen Bleier/AFP/Getty Images)
The US budget deficit for fiscal 2019 increased to almost $1.07 trillion in August, the highest amount in seven years, as revenue fell short of expenses by more than $214 billion, according to the Treasury Department.
CNBC (9/12) 
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Your Bottom Line
Economists: Rising inflation might prompt Fed to rethink rate cuts
Economists: Rising inflation might prompt Fed to rethink rate cuts
(Manny Ceneta/Getty Images)
A majority of economists say a significant increase in US core consumer prices last month is unlikely to keep the Federal Reserve from reducing interest rates next week, but it could make further cuts before year-end less likely, a Reuters survey finds. "The Fed will still cut rates next week to provide added insurance in the event that the trade war escalates, but it might think twice about moving again in October if core inflation shows any further spark," BMO Capital Markets economist Sal Guatieri says.
Reuters (9/12) 
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In the C-Suite
Unusual ways some companies sidestep interview superficiality
Some hiring executives -- tired of interview pretense -- have used unorthodox methods to determine a candidate's potential, such as playing table tennis to discern their level of intensity and risk-taking, writes Jared Lindzon. One executive has people drive his car to gauge their multitasking skills, while another prompts more honest conversations by explaining why people shouldn't work for him.
Fast Company online (9/11) 
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On the Move
Off the Charts
Feds deny LeBron James a "Taco Tuesday" trademark
Feds deny LeBron James a "Taco Tuesday" trademark
James (Jason Miller/Getty Images)
An attempt by LeBron James to copyright the phrase "Taco Tuesday" was denied this week by the US Patent and Trademark Office, which ruled the phrase was a "commonplace message."
Yahoo (9/12),  Sports Illustrated online (9/11) 
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In the land of the blind, the one-eyed man will poke out his eye to fit in.
Caitlin R. Kiernan,
writer, paleontologist
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