Tag: N/A
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Romney says GOP presidential no-hopers must bow out by Feb. 26 to stop Trump
[ad_1] “‘Republican megadonors and influencers — large and small — are going to have to do something they didn’t do in 2016: Get candidates they support to agree to withdraw if and when their paths to the nomination are effectively closed. That decision day should be no later than, say, Feb. 26, the Monday following…
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Markets have been celebrating disinflation, but it may be bad for stocks
[ad_1] While investors are celebrating signs suggesting U.S. inflation is slowing down, such a trend may negatively impact company earnings and in turn weigh on stock prices, as companies release their second-quarter financial results while the Dow Jones Industrial Average is on pace to record its 12th straight day of advance. “Stock prices are a…
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South Korea’s economy grows faster than expected in second quarter
[ad_1] South Korea’s economy grew at a faster-than-expected pace in the second quarter, remaining on track for recovery after avoiding a technical recession in the previous quarter. Gross domestic product in Asia’s fourth-largest economy grew 0.6% on-quarter during the April-June period following a 0.3% increase in the first quarter, preliminary Bank of Korea data showed…
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Stock-market ‘meltup’ to continue if no recession signs, says Steve Eisman of ‘Big Short’ fame
[ad_1] “‘So far there’s no evidence of recession, and so long as there’s no evidence of recession, I believe the market will continue to melt up.”” — Steve Eisman, managing director at Neuberger Berman That’s Steve Eisman, whose bets against collateralized-debt obligations tied to the U.S. housing market catapulted him to international fame following the…
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Treasury yields fall after soft European data
[ad_1] Bond yields fell on Monday after weak economic data from Europe and as traders await central bank policy decisions this week. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.824% slipped by 2.1 basis points to 4.837%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury TMUBMUSD10Y, 3.800%…
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Financial markets are upside down, says Morgan Stanley, and investors can take advantage
[ad_1] The reweighting of the Nasdaq 100 and the expiration of some $2 trillion worth of options is out of the way. Now it’s time for an onslaught of earnings, as well as rate decisions from the Fed, European Central Bank and Bank of Japan, before the summer really gets into sleepy territory. It feels…
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Are we still going to have a recession? Maybe next year.
[ad_1] A U.S. recession is still possible, economists say. They’re just not entirely sure when. “I think that a gradual slowdown will still result in a recession,” said senior economist Ben Ayers of Nationwide. “The timing of this is highly difficult to pin down.” Ayers is far from alone. Many Wall Street economists think a…
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Biden would beat Trump even if a third-party candidate joins White House race: poll
[ad_1] Voters are more interested in another Joe Biden administration than any third-party option or Donald Trump in 2024, according to polling data from Monmouth University. In another Biden vs. Trump election, a combined 47% of voters say they would definitely or probably vote for President Biden and 40% of voters would definitely or probably…
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Biden tasks group to explore ways to prevent future debt-limit standoffs
[ad_1] Less than two months after avoiding a government default, President Joe Biden has tasked a working group to “explore all legal and policy options” to avoid a future debt-limit crisis. The Debt Ceiling Working Group, co-chaired by White House Counsel Stuart Delery and National Economic Council Director Lael Brainard, will include Treasury Secretary Janet…