Economy
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U.S. stocks hold gains as bank tensions ease and Fed decision looms
U.S. stocks were holding onto gains midsession Tuesday after a sharply higher opening, while anxiety about the banking sector recedes and traders wonder how high the Federal Reserve will raise interest rates on Wednesday — if at all. How stocks are trading The S&P 500 SPX, +0.77% climbed 22 points, or 0.5% to 3,973 The…
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Fed-funds futures traders see 73% chance of quarter-point hike on Wednesday, boost odds of May hike
Fed-funds futures traders are pricing in a scenario in which Federal Reserve policy makers look past banking-sector developments to some extent, and keep hiking interest rates through May. A 73% chance of a quarter-of-a-percentage-point rate hike for Wednesday was seen, up from 62% on Friday — which would take the fed funds rate target to…
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How some retirees are making extra income with short-term rentals
When my husband died in 2018 at age 57, I knew I was going to have to do something to make up for the savings he would have contributed to our IRA. This year, when inflation skyrocketed, I not only needed additional income if I hoped to eventually retire, but I also needed additional money…
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The ‘pink tax’ and how to fight it: ‘It’s another punch to the gut as we’re trying to manage our budgets right now’
“I don’t know why brands think this is acceptable,” Bodge says. “It’s another punch to the gut as we’re trying to manage our budgets right now,” she adds, referring to rising prices across consumer goods categories due to inflation. The phenomenon known as the “pink tax,” when products and services aimed at women cost more…
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The 2023 Kia Sportage Plug-in Hybrid is stylish, practical and has stellar safety scores
The Kia Sportage Plug-In Hybrid is a Kelley Blue Book Best Buy Award winner for 2023. Pricing starts at $38,690. The 2023 Kia Sportage Plug-in Hybrid compact SUV is an all-new variant of a new Sportage generation. The 2023 model year marks the debut of this popular SUV’s fifth iteration. The entire range encompasses versions with just a gasoline…
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Bitcoin at ‘redemption arc’ as banking pressures rise, says AllianceBernstein
[]Cryptocurrencies are experiencing a “redemption arc,” as bitcoin rallies and investors keep a close eye on pressures in the U.S. banking system, according to analysts at AllianceBernstein. []Bitcoin BTCUSD, -0.63% tumbled harder than other major assets last year, but has rebounded sharply this year. []The recent turmoil in the banking sector, from the collapses of…
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I LIVE for setups like this one
Has the market been trending higher in 2023? Absolutely. Did the market surprise many on Tuesday after it held up strong in the wake of a stronger than expected CPI inflation report? You betcha. That said, so far the market has remained locked in a range in February. Teachable Moment: Most people don’t think about…
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The ‘What, Me Worry?’ stock market
CHAPEL HILL, N.C. (MarketWatch) — Nothing so well illustrates Wall Street’s dangerously exuberant state of mind as its triple-digit rally in the wake of Larry Summers withdrawing from consideration to be the next Federal Reserve chairman. Do you really believe the outlook for corporate earnings suddenly became much brighter just because Summers is no longer…
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Fighting climate change will take ‘everything, everywhere, all at once,’ say U.N. scientists
“ ‘Our world needs climate action on all fronts — everything, everywhere, all at once.’” — U.N. Secretary-General Antonio Guterres That’s the plea in the latest science-driven update on global warming from the United Nations, as the organization’s secretary-general, Antonio Guterres, connected the scope of the issue and the billions of people affected to “Everything…
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Dow rises around 350 points as investors assess bank risks ahead of Fed’s next rate decision
U.S. stocks resumed their rally in Monday afternoon trading as investors looked favorably upon the latest efforts to stave off a global banking crisis ahead of this week’s Federal Reserve interest-rate decision. What’s happening The Dow Jones Industrial Average DJIA, +1.02% rose 366 points, or 1.2%, to 32,228. The S&P 500 index SPX, +0.78% gained…