Markets
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RBA Remains Vigilant to Resurgence in Inflation
By James Glynn SYDNEY–The Reserve Bank of Australia remains vigilant to the risk of a resurgence in inflation, warning in the minutes of its May 2 policy meeting that further increases to interest rates can’t be ruled out and the path to a soft landing for the economy was very narrow. The RBA raised official…
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Horizon shares sink on report that FTC will sue to block takeover by Amgen
Shares of Horizon Therapeutics PLC plunged 15% in extended trading Monday after Bloomberg News reported the FTC is expected to file a lawsuit to block Amgen Inc.’s $27.8 billion acquisition of Horizon. The Federal Trade Commission will argue the deal would harm competition for drug development, according to Bloomberg, which added both companies are developing…
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14 million mortgages were refinanced during ‘pandemic boom.’ That makes life very difficult for home buyers.
[]The great pandemic mortgage refinance boom is most definitely over, but the aftershock is still rippling through the housing market. Homeowners are holding up home sales, as their ultra-low prize is too precious to give up. []During the early days of coronavirus pandemic in 2020 and 2021, mortgage rates fell sharply, and millions of homeowners…
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TDG Stock Price | TransDigm Group Inc. Stock Quote (U.S.: NYSE)
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Credit-card debt failed to decline in first quarter — for first time in over 20 years, New York Fed says
U.S. credit-card debt appears to be stubbornly holding near $1 trillion, the Federal Reserve Bank of New York said in its quarterly report on household debt and credit Monday. In the fourth quarter, when credit-card debt tends to rise due to holiday shopping, credit-card balances hit a whopping $986 billion, surpassing pre-pandemic levels, the New York…
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IRS explores offering a free tax-filing service. What could go wrong?
The Internal Revenue Service is the country’s tax collector, but a majority of people like the idea of the agency also becoming a tax preparer that does the job for free, according to a new poll released Monday. In Monday’s poll, 76% of voters said they like the prospect of the IRS creating a no-cost…
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My son, 34, is getting married. My wife and I want to give him $10,000, but we’re afraid he’ll squander it. What do you suggest?
My 34-year-old son is getting married this summer. We have an on-and-off relationship, which is especially complicated by the fact that he was dependent on us financially throughout his 20s. We are bitter that he is ungrateful for the support we gave him. He is bitter because he thinks we try to control him with…
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Debt-ceiling standoff: Biden to take part in another meeting Tuesday with McCarthy, other lawmakers
The second round of debt-ceiling talks between the White House and top congressional leaders will take place Tuesday, President Joe Biden said Monday. Biden confirmed to reporters that the meeting would take place as he responded to a shouted question while leaving a restaurant in Philadelphia. On Sunday, Biden had said the parley with House…
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Aristocrat agrees to pay $1.2 billion for Nasdaq-listed NeoGames
SYDNEY — Australian gaming technology developer Aristocrat Leisure agreed to pay $1.2 billion for Nasdaq-listed NeoGames. Aristocrat ALL, +2.12% on Monday said that it had offered $29.50 a share in cash and will fund the transaction with its existing cash reserves. NeoGames shares NGMS, +111.76% last traded at $12.84, having dropped 11% on Friday following…
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Shake Shack faces proxy fight from activist investor: report
[]Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. []The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack SHAK, +7.73%, is seeking three board seats and is planning to run a proxy…