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U.S. Economy

St. Louis Fed names former Tudor executive Alberto Musalem as new president

by Ron Morgan
St. Louis Fed names former Tudor executive Alberto Musalem as new president

St. Louis Fed names Alberto G. Musalem as new president. Source: St. Louis Federal Reserve Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank …

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investors look to fresh economic data

by Walter Watson
investors look to fresh economic data

U.S. Treasury yields rose on Wednesday as investors bet that perhaps the Federal Reserve wouldn’t cut rates as aggressively as hoped for this year. The 10-year Treasury yield was last …

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investors prepare for the new year ahead

by Walter Watson
investors prepare for the new year ahead

U.S. Treasury yields were higher on Friday as investor attention remained focused on the path ahead for the economy and monetary policy. At 4:11 a.m. ET, the yield on the …

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U.S. Treasury yields: investors consider economic outlook

by Walter Watson
U.S. Treasury yields: investors consider economic outlook

U.S. Treasury yields were higher on Thursday as investors weighed the path ahead for the economy and financial markets as the new year nears. At 4:07 a.m. ET, the yield …

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investors weigh 2024 interest rate outlook

by Walter Watson
investors weigh 2024 interest rate outlook

U.S. Treasury yields were mixed on Wednesday, as investors considered the outlook for monetary policy and financial markets for the coming year. At 3:56 a.m. ET, the yield on the …

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The U.S. avoided a recession in 2023. What’s the outlook for 2024?

by Walter Watson
The U.S. avoided a recession in 2023. What’s the outlook for 2024?

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a …

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Why American CEOs quit in record numbers during 2023

by Walter Watson
Why American CEOs quit in record numbers during 2023

American CEOs are leaving their posts in record numbers in 2023. While the “Great Resignation” may be over, it’s just beginning for CEOs, according to research by Challenger, Gray and …

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Lawmakers praise ‘ Wells Fargo branch union

by Vera Ward
Lawmakers praise ‘ Wells Fargo branch union

Spencer Platt | Getty Images News | Getty Images WASHINGTON — Democratic lawmakers on Thursday praised workers at a New Mexico branch of Wells Fargo for becoming the first branch …

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Former Swiss finance executive guilty in tax evasion scheme

by Vera Ward
Former Swiss finance executive guilty in tax evasion scheme

The Internal Revenue Service headquarters building in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images WASHINGTON — A former Swiss finance executive pled guilty in New York …

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Billions on the line for lenders as White House finalizes late fee cap

by Vera Ward
Billions on the line for lenders as White House finalizes late fee cap

Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., August 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Consumer Financial Protection Bureau’s ambitious …

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