Democratic presidential hopefuls Massachusetts Sen. Elizabeth Warren and former Vice President Joe Biden shake hands as they arrive onstage for the third Democratic primary debate of the 2020 presidential campaign season. Frederic J. Brown | AFP | Getty Images Despite an uncertain economic outlook and a diverse array of advisors on Joe Biden’s economic team, Wall
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The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero for as long as it takes to help the economy bounce back from the coronavirus crisis. The Fed said the ongoing coronavirus pandemic will “weigh heavily” on the near-term outlook and poses “considerable risks” for the medium term. In addition to holding rates near rock bottom, the
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Institutional Investor Hall of Famer Richard Bernstein predicts more momentum in stocks closely tied to the economy. He expects more enthusiasm surrounding the state of the recovery will drive more investors away from richly valued mega cap growth names, which include big tech high flyers.  “If you’re buying them today at these types of valuations,
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Homebuilding stocks jump on all-time high sentiment. Where to invest in the space Fed leaves rates unchanged in its last meeting before the 2020 presidential election There’s a growing disconnect in emerging markets, but traders see opportunity Unusual activity suggests market volatility will jump after Election Day, Wells Fargo finds Market volatility may swell after
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Pedestrians wearing protective masks walk by a sign displayed outside a retail store in Harlem, New York City, saying it’s going out of business. Noam Galai | Getty Images Yelp on Wednesday released its latest Economic Average Report, revealing business closures across the U.S. are increasing as a result of the coronavirus pandemic’s economic toll. 
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Democratic Presidential Candidate Joe Biden speaks during a press conference after meeting with public health experts on a Covid-19 vaccine in Wilmington, Delaware on September 16, 2020. Jim Watson | AFP | Getty Images WASHINGTON — Armed with a record-setting August campaign fundraising haul of $364.5 million, Democratic nominee Joe Biden is hammering President Donald
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Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images With demand for housing surging, the nation’s homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on
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U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the Covid-19 recession was faltering. Core retail sales, which correspond most closely with the consumer spending component of gross domestic product, fell 0.1% last month after a downwardly revised
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U.S. President Donald President Trump speaks after it was announced Bahrain has joined the United Arab Emirates in striking an agreement to normalize relations with Israel during a brief appearance in the Oval Office at the White House in Washington, U.S., September 11, 2020. Kevin Lemarque | Reuters President Donald Trump on Wednesday urged Republicans to
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Characters at the Berkshire Hathaway company Kraft Heinz booth pose with a reporter at the shareholder shopping day as part of the Berkshire Hathaway annual meeting weekend in Omaha, Nebraska, May 5, 2017. Rick Wilking | Reuters Kraft Heinz on Tuesday told investors it would cut $2 billion in costs through 2024 as part of its
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U.S. stock futures were flat in overnight trading as investors readied for comments from the Federal Reserve on Wednesday.  Dow futures rose 12 points. S&P 500 and Nasdaq 100 futures were also set to open flat, with gains of 0.02% and 0.07%, respectively. Better-than-expected earnings from FedEx and Adobe after the bell boosted sentiment. FedEx
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Svetikd | Getty Images More than one-third of the American workforce freelance amid the Covid-19 pandemic, contributing $1.2 trillion to the U.S. economy, a study by Upwork revealed Tuesday. This was a 22% increase since 2019 and it was fueled in part by an influx of younger, highly-skilled professionals seeking flexible alternatives to traditional employment. 
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U.S. government debt prices were slightly higher Wednesday morning as investors awaited the outcome of the Federal Reserve’s two-day meeting, which should offer a glimpse into the country’s economic recovery prospects. At around 2 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 0.6740% while the yield on the 30-year Treasury bond edged lower to 1.4226%.
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Democratic presidential candidate Joe Biden speaks in Tampa, Florida on September 15, 2020 during a roundtable discussion with Tampa-area veterans and military families. Jim Watson | AFP | Getty Images WASHINGTON – Democratic presidential nominee Joe Biden visited South Florida on Tuesday, seeking to shore up support among Hispanic voters in this crucial swing state.
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Hundreds of jobless people wait outside the Kentucky Career Center for help with their unemployment claims on June 19 in Frankfort, Kentucky. John Sommers II/Getty Images Americans who are hoping for more financial assistance may have to wait until after the November election before Congress can strike a deal. Yet experts say continued financial assistance
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