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Bill Ackman Built a $2.4 Billion Stake in Microsoft, Calling It a "Core Holding" Bought at a "Highly Compelling Valuation." Here's Why He's Betting Big on Big Tech.

Key PointsThe closely followed investor started loading up on the stock earlier this year.

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Scammers Turn to Outdated Payment Tech to Steal Benefits

Decades-old payment technology is reportedly helping scammers steal hundreds of millions of dollars from the welfare system. It’s part of an operation led by Romanian organized crime groups in the U.S., who rely on magnetic stripe-based payment systems to carry out their thefts, The Wall Street Journal (WSJ) reported Sunday (Sept. 20).

Where Should We Be, Taylor Rule Wise?

Implications from the Atlanta Fed Taylor Rule utility default settings: Red x denotes 3.88%, orange line Trump’s 1% prescription. Readings for targets are 5.32% to 6.54%, vs. 3.88% actual today.

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