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Top News Stories
News
Fed Raises Interest Rates to 22-Year High
By Steve Matthews
The Fed's benchmark federal funds rate is now 5.25% to 5.5%.
Read Story
News
Most Economists Now See U.S. Recession Odds at 50% or Less
News
FTC, DOJ Propose New Merger Guidelines Focused on Labor and Competition
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News Stories
July 21, 2023
'Anti-ESG Funds' Are Now a Thing
As criticism of ESG investing has become louder and increasingly politicized in the U.S., new "anti-ESG funds" have emerged. They attracted $376 million in Q3/2022 alone.
Read
July 21, 2023
FTC Starts Inquiry of OpenAI Data Security Methods
The agency wants to know if the information spit out by ChatGPT hurts consumers.
Read
July 20, 2023
FX Turbulence Cost Global Firms $22.5 Billion in Q1
Recent weakness in the dollar should be a boost for U.S. corporations doing business overseas when they report third-quarter earnings this year.
Read
July 19, 2023
Traders Are Fully Convinced the Fed Will Hike Again Next Week
After July, more interest rate increases look unlikely, since inflation has broadly been decelerating.
Read
July 18, 2023
U.S. Industrial Production Is Falling
After steadily advancing from 2020 through early 2022, the Fed's gauge of manufacturing output fell in June, down 0.3 percent from a year ago.
Read
July 17, 2023
How Are Those Return-to-Office Mandates Working Out?
Even workers who go into the office stay for shorter workdays than they did four years ago.
Read
July 17, 2023
Broadcom Inches Closer to Megabond Issue
EU approval paved the way for a proposed acquisition of VMware. Now Broadcom needs $32 billion to fund the deal.
Read
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