Markets
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Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflationOct 20, 2023 8:39 am - WASHINGTON - Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a ...
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Sam Bankman-Fried must now convince a jury that the former crypto king was not a crookOct 04, 2023 7:19 am - NEW YORK - For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. Now, he has to convince a jury that he wasn't, i...
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Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflationSep 21, 2023 1:43 pm - WASHINGTON - The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it's moderating its fight aga...
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A resilient stock market helped boost gains for 401(k) savers in the first half of 2023Aug 20, 2023 8:03 am - LOS ANGELES (AP) - A resilient stock market helped boost gains for savers with retirement accounts through the first half of this year. The average 401(k) plan balance s...
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Warren Buffett's firm buys more Occidental Petroleum and now owns more than 25% of the oil producerJun 30, 2023 7:45 am - OMAHA, Neb. (AP) - Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil produce...
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The S&P 500 is in a bull market. Here's what that means and how long the bull might runJun 09, 2023 9:59 am - The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low. Here are some answers to questions a...
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Walgreens Boots Alliance declares quarterly dividendApr 24, 2023 9:13 am - DEERFIELD - Walgreens Boots Alliance, Inc. has declared a quarterly dividend of 48 cents per share, unchanged from the previous quarter and an increase of 0.5 percent fr...
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Credit Suisse shares soar after central bank offers lifelineMar 17, 2023 5:49 am - GENEVA - Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the cou...
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Markets shudder on fears about banking crisis, recessionMar 17, 2023 5:49 am - NEW YORK - Worries about a spreading banking crisis and how badly it will hit an already fragile economy caused markets to shudder Wednesday, as stocks fell and bond yie...
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Silicon Valley Bank's demise disrupts the disrupters in techMar 15, 2023 6:31 am - Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shellshocked entrepreneurs thankful for the government reprieve...