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Category: Finance News

Raphael Bostic says Fed needs to ‘stay the course’ despite lower wage gains

The Atlanta Fed president said Friday that December’s jobs report doesn’t change his view on monetary policy.

Published 6 January 2023
Categorised as Finance News

Jim Cramer’s Investing Club meeting Friday: Stocks rise, Constellation, Wells Fargo

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

Published 6 January 2023
Categorised as Finance News

U.S. unemployment rate falls in December, but rises for Black women, Hispanic men

Those figures bucked the trend in the broader economy, which showed unemployment in the U.S. fall to 3.5%.

Published 6 January 2023
Categorised as Finance News

Crypto exchange Huobi to reportedly lay off 20% of staff as industry reels from FTX collapse

Huobi on Friday reportedly said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the cryptocurrency industry.

Published 6 January 2023
Categorised as Finance News

Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations

Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.

Published 6 January 2023
Categorised as Finance News

Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more

These are the stocks posting the largest moves in premarket trading.

Published 6 January 2023
Categorised as Finance News

UK stock funds lost a record $10 billion last year, new research shows

U.K.-focused equity funds saw $10 billion in outflows through the year, much higher than other major markets.

Published 6 January 2023
Categorised as Finance News

Richard Branson left school at 15—his headmaster said he’d either ‘go to prison’ or ‘become a millionaire’

Richard Branson left school at 15 after he raised enough money to start a magazine. His then-headmaster told him that persuasiveness could lead to his success or downfall.

Published 6 January 2023
Categorised as Finance News

BofA top banker Rick Sherlund predicts 2023 tech comeback, delivers bullish software call

With the Nasdaq on the cusp of a five-week losing streak, Bank of America top tech banker Rick Sherlund sees a major shift ahead.

Published 6 January 2023
Categorised as Finance News

IRS: Taxpayers may avoid a surprise tax bill by making a quarterly payment by Jan. 17

The fourth-quarter estimated tax deadline is Jan. 17. Here’s how to avoid a ‘surprise tax bill’ for 2022, according to the IRS.

Published 5 January 2023
Categorised as Finance News

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