Patel will become executive vice president and merger and integration lead at T-Mobile, where he will lead a planned merger with Sprint.
Leading a business built on helping others requires hiring positive people, says Dr. Wendy Scinta, founder of Medical Weight Loss of New York. "I look less at their skill set and more about how they are influencing the people around them," she says.
The US economy is potentially strong enough to continue to grow at 3% or better in the future, according to JPMorgan Chase Chairman and CEO Jamie Dimon. Regarding US trade disputes with China, Dimon said "I worry about it, but I just don't know."
French President Emmanuel Macron has proposed large tax cuts to reverse a slowdown in the economy and a decline in his approval ratings. The biggest beneficiaries of the cuts would be employers.
Insured losses from Florence could total between $2.8 billion and $5 billion, with National Flood Insurance Program losses between $800 million and $1.2 billion, according to Risk Management Solutions. RMS also estimates that 70% of the losses are uninsured and that economic losses could be as high as $11 billion.
As cryptoassets and the regulated financial industry become more interconnected, negative perceptions of the cryptocurrency market could hurt trust in the whole system, a Bank for International Settlements report suggests. The BIS says national regulators' boundaries might have to be redrawn to deal with the borderless nature of cryptocurrencies.
The Federal Reserve is expected to raise interest rates Wednesday in light of a forecast of 4.4% economic growth in the third quarter and increases in hiring and inflation. This would be the third rate increase this year.
Japanese negotiators are trying to persuade the US to forgo increased tariffs on vehicles made in Japan as they work toward bilateral trade talks. President Donald Trump and Japanese Prime Minister Shinzo Abe might make a joint announcement on the issue Wednesday.
US exporters of liquefied natural gas face sanctions amid a deepening trade dispute between Washington and Beijing, Chinese Vice Commerce Minister Wang Shouwen says. Other countries that export LNG, such as Australia, stand to benefit from China's response to the latest US tariffs, Wang says.
Brent crude surpassed $80 per barrel Monday and continued rising early today. Traders were responding to OPEC's decision to leave production unchanged and to the likelihood US sanctions on Iran will reduce oil supplies.
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