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Investors may want to consider putting new money to work in stocks. This recent upheaval is creating significant investment opportunities in cyclical and value stocks, according to Bryn Mawr Trust’s Jeff Mills. “[These areas] of the market that have really been left for dead for the better part of two months is really encouraging to
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Chinese authorities have promoted the use of the yuan worldwide, while the U.S. dollar dominates global transactions. Getty Images BEIJING — When it comes to the investment outlook, one Chinese economist predicts once-a-century opportunities will emerge from a “struggle for supremacy” between the U.S. and China. This game-changing window comes from upheaval on both sides,
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In this article OPFI Jared Kaplan, CEO of fintech OppFi, told CNBC on Wednesday he wants to help alleviate Americans’ emergency savings worries. OppFi’s target customer is the “median U.S. consumer” who earns about $50,000 annually and has a bank account, Kaplan said. Artificial intelligence-powered OppFi aims to offer accessible financial services to those who lack
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Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020. The total represented a substantial decrease from the previous week’s upwardly revised 386,000. Continuing claims, which run
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The arrest Tuesday of a key Trump ally, who is accused of lobbying illegally for the United Arab Emirates, helps illustrate how deeply the oil-rich Middle Eastern country had ingratiated itself with the United States during the Trump administration. Between arms deals and diplomatic accords, the UAE, a relatively small crescent of land nestled between
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Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021. Greg Nash | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., on Tuesday released a bill to overhaul a controversial deduction for certain businesses, which was part of Republicans 2017
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Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time
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U.S. Treasury yields rose on Wednesday morning, with the 10-year rate climbing to 1.23%. The yield on the benchmark 10-year Treasury note added 2 basis points, rising to 1.2367% at 3:30 a.m. ET. The yield on the 30-year Treasury bond rose 3 basis points to 1.9003%. Yields move inversely to prices and 1 basis point
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Revolut’s new travel booking feature, Stays. Revolut LONDON — European fintech giant Revolut is jumping into the travel industry. The London-based firm launched a new feature Tuesday called Stays, which lets users book hotels and other accommodation through its app. Customers can receive up to 10% cashback on bookings made through Revolut, the company said.
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Thomas Barrack, chairman and chief executive officer of Colony Capital Inc., gestures while speaking during the closing reception at the Milken Institute Japan Symposium in Tokyo, Japan, on Monday, March 25, 2019. The conference brings together business leaders and government officials to discuss geopolitical, economic and social issues facing Japan. Photographer: Kiyoshi Ota/Bloomberg via Getty
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