Institutional investors

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• Banking
  Markets expected the rate cut, but the ‘real surprise’ is the Fed’s opinion on the current state of the economy, quant...

  
  By Amanda Gerut
• Law
  Publishers Clearing House, company that promised 'forever' payments to sweepstakes winners, says actually nevermind

  
  By The Associated Press
• Economy
  The economy is reliant on the 'fortunes of the well-to-do' says Moody's—if the ultra-rich get nervy that means recession

  
  By Eleanor Pringle