The World Bank joined the IMF in urging the Federal Reserve to hold off raising rates until next year, citing an uneven U.S. recovery and the risks to emerging markets of tightening policy any sooner. World Bank Chief Economist Kaushik Basu told reporters a premature move by the Fed could cause the dollar to strengthen, which may slow the U.S. economy and sideswipe emerging and developing countries. The Washington-based development bank lowered its forecast for U.S. growth this year to 2.7 percent, from 3.2 percent in January. New York state Attorney General Eric Schneiderman is raising concerns over new policies from eBay (EBAY) and its payments subsidiary PayPal that may give the firms leeway to blast users with so-called robocalls. Box (BOX) saw strong revenue growth and improving marging. Box’s revenue grew 45 percent, compared to the year-ago quarter. The company also raised its forward guidance, potentially bolstering investor confidence in its model.
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