MW: Wayfair laying off 1,650 employees, weeks after CEO urged staff to work harder
MARKETWATCH reports: (Wayfair shares climbed in premarket trades Friday after the home-goods retailer announced a plan ...
MarketWatch’s Ivan Martchev writes: “I had one of the strangest conversations with a wealthy investor this month regarding the Federal Reserve. He tried to convince me that the Fed does not know what it is doing by paying interest on excess reserves. When it pays interest on excess reserves, he said, it causes banks to hoard cash and not lend…”
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