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Raising Social Security Full Retirement Age To 69 Eyed By House Conservatives

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The proposal would gradually increase the retirement age to 69 years old by 2033.

Global Rate-Hike Endgame Is Now Haunted By Recession Worries

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A renewed appetite for tightening has infected global central banks this month in the face of stubborn price pressures.

Summers Sees ‘Disturbing' Signs Fed Driven By Internal Politics

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Former Treasury Secretary Lawrence Summers said, “I found the Fed's action a little bit confusing.”

A $4.2 Trillion Options Event Looms For New Bull Market

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The unusually high pile of options are due to expire today.

BofA's Hartnett Sees Big U.S. Stock Rally Followed By Big Collapse

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The strategist said he's not convinced this is the start of a “brand, new shiny bull market.”

JPMorgan Says Stocks To Suffer $150 Billion Rebalancing Sales

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THe firm projects real-money portfolios will tilt back in favor of bonds to meet allocation targets.

Older Americans Robbed Of $20 Billion A Year by People They Know

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The losses add to a retirement-savings crisis in America.

Wall Street Isn't Buying What Powell, Economists Are Forecasting

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Fund managers are joining the AI-fueled rally despite the Federal Reserve's hawkish messaging.

Advisors Should Seek Balanced Approach To Portfolios, T. Rowe Price CIO Says

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“Now is not the time to take a big risk or a big defensive position,” he said.

Business Lunches Are Back In New York, Chicago As Pandemic Fades

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Restaurants are also benefiting from increased in-person dining compared to this time last year.

Retail Sales Unexpectedly Rise In Sign Of Consumer Resilience

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But the data still show moderating consumer demand from the past year.

Bond Traders Step Up Bets The Fed Will Steer Economy Into Recession

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Yet markets aren't convinced borrowing costs will rise as high as central bankers project.

Two Crypto Platforms Halt Withdrawals In An Echo Of The Sector's 2022 Woes

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Delio and Haru both advertise double-digit yields for investors who lend crypto on the platforms.

Gundlach Doesn't Think The Fed Will Resume Rate Hikes Soon

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The DoubleLine Capital CEO said that recent labor data suggests the economy wasn't as strong as many believe.

Profit Recession Will Persist, Morgan Stanley's Mike Wilson Says

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Morgan Stanley's stock chief has maintained his bearish stance even as peers have ditched their gloomy outlooks.

The Inflationary Cycle Is Far From Over, Dan Fuss Warns

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The veteran bond fund manager said politicians can't "inflate" their way out of the federal debt.

Health-Insurer Stocks Drop As UnitedHealth Warns Of Rising Medical Costs

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Health insurance companies are highly sensitive to fluctuations in medical costs.

Schwab Sees Second-Quarter Revenue Declining As Much As 11%

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Executives maintain that the firm's higher-cost borrowing is temporary.

NYC's Rent Surge Defied By New Grads Pursuing A TikTok Lifestyle

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Renters today need to earn more than $135,000 to afford a typical apartment in New York on their own.

Google Charged By EU With Abusing Its Ad Tech Dominance

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“Google is present at almost all levels of the so-called ad tech supply chain,” an EU competition commissioner said.

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