First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’
admin Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession…
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Mortgage rates hit 6% for the first time since 2008, while applications fall to lowest level since 1999
The numbers: A surge in mortgage rates to 6% is giving home shoppers chills, pushing…
Read MoreAny doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75…
Read MoreUBS to raise 2022 dividend
UBS Group AG said Tuesday that it will raise the accrual for the 2022 ordinary…
Read MoreBitcoin slips below $20,000 following Powell’s hawkish remarks
The price of bitcoin dipped below $20,000 over the weekend, after Federal Reserve Chairman Jerome…
Read MoreFed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech
Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat…
Read MoreBiden on Wednesday may unveil plan to cancel $10,000 in student loans for borrowers making under $125,000: report
The Biden White House could make an announcement as soon as Wednesday on canceling student-loan…
Read MoreFederal Reserve officials back moving interest rates higher in order to slow the economy, minutes show
Federal Reserve officials in July agreed that it was necessary to move their benchmark interest…
Read MoreBitcoin tops $25,000 level for first time since early June
The price of bitcoin briefly hit $25,000 on Sunday for the first time since June.…
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20 value stocks whose growth potential is overlooked by investors
After a years-long bull market in growth stocks, the beleaguered value strategy has outperformed this…
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