Jackson Hole’s beautiful this time of year. But that’s not why you’ll be hearing all about it today. Nope, more relevant for our purposes is the gathering there of top economists from around the world and the hotly anticipated comments this morning from Fed Chair Powell, who must once again dance on a tightrope while Wall Street, the White House, and global markets are watching for him to slip – NYTimes and WSJ and Bloomberg
A recent report showing slowing US manufacturing activity and a sliding 10-year Treasury note yield is only making Chair Powell’s balancing act that much tougher – WSJ
And let’s not forget regional Fed presidents’ takes, too – Bloomberg
It was a rough Thursday at the top of several major companies. Overstock.com CEO Patrick Byrne resigned over “the attention stirred up by his public disclosure of a relationship with a woman accused of being a Russian agent.” Byrne’s recent comments on the “deep state” didn’t help his cause – NYTimes and WSJ and Bloomberg and MarketWatch
Separately, HP CEO Dion Weisler also stepped down, citing family health reasons for his departure from one of the “world’s largest PC makers.” Weisler had been at the helm since 2015, when Hewlett-Packard Co. split the company into two businesses, HP and Hewlett Packard Enterprise Co. – WSJ and Bloomberg and MarketWatch
AGs from all 50 states and large telecom companies have agreed to form an unusual alliance in the fight against robocalls, the “latest step toward cutting off such calls before they reach a consumer’s phone.” Under the newly unveiled pact, the telecoms are promising to help prevent illegal robocalls on their networks and to “work with state law enforcement investigating the calls’ origins” – WSJ and Bloomberg and Law360 and NYTimes
Hasbro has snapped up Peppa Pig owner Entertainment One Ltd. for $4 billion, the toymaker’s largest acquisition ever – Bloomberg and WSJ and MarketWatch
Deutsche Bank will pay the SEC $16 million to resolve allegations that it violated the FCPA by offering “numerous” jobs to relatives of Chinese and Russian officials in recent years – Law360
Rest easy, fellow ATK nerds, the bowtied Christopher Kimball and his former domain, America’s Test Kitchen, have finally reached resolution of the legal battle between the two that began in 2016 after Kimball debuted “Milk Street” – NYTimes
A bit of retro old-school malls and department store longing to take you into the weekend – NYTimes
