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The Fed wrapped its January meetings yesterday with the expected news that it would leave the benchmark interest rate unchanged and the less-guaranteed report that it was hitting the pause button on future rate hikes (aka, it’s taking a “patient stance” on rates) – WSJ and Bloomberg and NYTimes and MarketWatch

The latest on the US/China obstacles that provide the backdrop for the latest trade talks between the two economic powerhouses that kicked off yesterday in D.C. – NYTimes

Deutsche Bank’s continued inability to turn its troubled ship around means that it’s increasingly likely to find itself in a German-government-arranged marriage with Commerzbank AG by as early as mid-year – Bloomberg and WSJ

Apple blamed at least some of its slower holiday earnings on a softer-than-expected China market, a reality that’s prompting some to call for a radical approach from Apple, especially for markets like China and India: differentiation – WSJ and Marketplace

A survey of US economists shows that US GDP has dropped back below 3% and is likely settling back into a 2.6% figure for Q4 2018 and an estimated 2.3% for the past 9 months. They point to a “dimming global outlook, market tremors and sluggish business investment” as reasons for the slowing – WSJ

The EU has rejected Britain’s latest bid to “reopen talks on the withdrawal agreement, adding to the confusion surrounding Britain’s expected departure on March 29” – Law360

Facebook’s latest headaches include new accusations of “secretly paying people to install a ‘Facebook Research’ VPN that lets the company suck in all of a user’s phone and web activity” [Forbes and TechCrunch] and understating (or, at minimum, failing to understand) the number of fake accounts on its platform – NYTimes

And yet, its Q4 sales beat expectations, making the Street very happy – Bloomberg and WSJ

How KPMG’s recent auditing woes could spell even bigger trouble for its clients, especially those in already-dicey corporate scenarios like General Electric – WSJ

Google shareholders and workers have called on Alphabet’s board to engage in a series of reforms to address racial and gender diversity and “asking the board to [tie] these metrics to executive bonuses.” In a letter to the board, the shareholder resolution argues that the “tech diversity crisis threatens worker safety, talent retention, product development, and customer service” – Bloomberg

Paul Singer and his Elliott Management fund empire are reportedly in the midst of a shift beyond mere activist investing and into the business of “outright takeover of companies” – WSJ

With Netflix and Hulu dropping competing Fyre Festival documentaries in recent weeks, this Times piece on today’s “never-ending ‘scam season’” and the millennial grifters behind it—from Fyre’s Billy McFarland to Theranos’ Elizabeth Holmes—is worth a read – NYTimes

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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