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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 14, 1996
Page
23
Knight Ridder Service notes investors faced panic selling after a surprising job gains report. Traders feared higher inflation with rising wages could prompt the Federal Reserve to tighten policy, sending stocks and bonds lower despite good employment data.
Traders fear rising rates could slow growth and profits but history shows gains often resume. Since January stocks drift higher while bonds fall, creating a decoupled market. Investors buy dips, hoping for a rally, while skeptics predict an eventual end to the bull run.
Cellular One introduces PhonePrint a universal call fingerprinting system to stop fraud by stolen cell numbers. The tech uses radio signal fingerprints from each phone to detect mismatches when a stolen number is used on a different device blocking unauthorized long distance calls.
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