Wall Street investors and ordinary Americans waited for Washington to enact legislation in a second round of stimulus to support the covid-affected economy, after completing its last year in July. Most pundits were relatively optimistic for a while. But in the last few weeks, Congress, which has been delaying the …
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September trading lives up to its billing and then some. Stocks were emerging on Monday on a bullish trend that now threatens to push the US equity benchmark into a rally that could set the stage for the September biggest sell-off for the biggest equity gauge of the year. Broad-Market …
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Minneapolis Federal Reserve President Neil Kashkari said on Friday that the U.S. Warnings that inflation will rise are not supported by any evidence and are tantamount to ‘ghost stories’. Kashkari said in an essay posted on his regional bank’s website that the debate, which has been going on since 2008, …
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Path? Vladimir Simisek / Agence France-Presse / Getty Images If a popular valuation move continues to press the press to compete in the late 1920s and early 1990s, the stock market could be in the hands of another “big idiot” kicking the bubble, warns the Street Street giant. That vigilance …
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Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
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