Business
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How can community banks compete with industry giants for deposits? Here’s what to know.
If you want to understand how community banking works in the U.S., it is important to know something about the Federal Home Loan Bank system. The FHLBs have gotten more publicity than usual this year because of the roles two of them played in providing short-term financing to four troubled banks. Those include Silvergate Bank…
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Americans may have to start working younger and retire older. That might be a good thing.
“The demographic clock is ticking for the West.” China announced earlier this year that for the first time since the 1960s, deaths outnumbered births and its population slipped in 2022 by 850,000 to 1.41 billion. COVID-19 brought this event forward a few years. More fundamentally, the legacy of China’s now-abandoned one-child policy and the high cost of raising…
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Here’s the pain trade Citi sees in U.S. stocks as S&P 500 exceeds its 2023 target
[]The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but the bank’s equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade.” []That would be the pain trade inflicted by AI enthusiasm or a potential pause or pivot in the Federal Reserve’s interest-rate hiking cycle, according to a…
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Here’s the red flag that says a tech stock selloff could arrive soon, according to Citi
A commonly heard battle cry throughout history has been “hold the line,” which is exactly what the S&P 500 SPX, +0.24% didn’t do following Friday’s monstrous rally, putting a bull market just out of reach again. And stocks are off to a softer start on Tuesday, led by tech. Maybe those bearish Wall Street voices…
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Oil prices end lower, erasing gains seen after Saudi plan for production cut
[]Oil futures ended lower on Tuesday, with worries over the global economic outlook leading prices to give back gains seen in the wake of Saudi Arabia’s plan to further cut its production in July. Price action West Texas Intermediate crude for July delivery CL00, -0.98% CL.1, -0.98% CLN23, -0.98% fell 41 cents, or 0.6%, to…
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AT&T stock nabs a lukewarm upgrade: ‘We’re not optimists’
A formerly vocal bear on AT&T Inc.’s stock has abandoned that stance, but not with much enthusiasm. “We’re not optimists,” SVB MoffettNathanson analysts led by Craig Moffett wrote in a note to clients. “We don’t see things in Wireless generally, or at AT&T specifically, getting materially better. We do, however, believe that AT&T’s stock price…
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Why another cut to AAA U.S. credit rating could derail the stock-market rally
Two days before the United States faced the possibility of running out of enough cash to pay all its bills, President Joe Biden on Saturday signed legislation that temporarily lifted the nation’s debt ceiling, averting a potentially catastrophic first-ever default by the U.S. However, some investors still remained worried about a potential second U.S. credit…
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Dow falls 200 points as S&P 500 pulls back from 2023 high
[]U.S. stocks ended slightly lower Monday afternoon, after the S&P 500 failed to hold a gain that would have seen it meet the threshold for exiting bear-market territory. []Meanwhile, shares of Apple Inc. AAPL, -0.76% ended the day with a loss, pulling back from a record high scored ahead of a WWDC developer event at…
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The new 2023 Honda CR-V aims to excel in a multitude of ways. Mission accomplished.
The Honda HMC, +0.81% CR-V is our highest-rated compact SUV of 2023 and a Kelley Blue Book Best Buy Award winner. Pricing starts at $28,410. Here we are, welcoming generation six of the perennially popular Honda CR-V compact SUV into the world. Expertise gained and lessons learned from the previous generations combine with fresh technology and…
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These are the places American travelers are headed this summer
This article is reprinted by permission from NerdWallet. U.S. travelers are still hungry to travel, despite the potential of an economic slowdown. The number of U.S. passengers flying to international destinations in April increased 28% compared with the same month last year, according to the International Trade Administration. “Demand is strong this summer for international…