Economy & Markets

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Musk Calls For Abolishing Consumer Finance Agency: ‘Delete CFPB'

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Musk's move signals a new stage in a long-running Washington fight over the agency's powers and very existence.

Bessent Has $6.7 Trillion Mountain Of Worry Waiting At Treasury

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The U.S. has an unusually high amount of borrowing to do next year, and it can no longer count on price-insensitive buyers.

GDP Grows At Solid 2.8% Pace, Helped By Consumer Spending

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The economy's primary growth engine, consumer spending, advanced 3.5%, which is the most this year.

ChatGPT Becomes Tool To Find Black Friday Deals

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American consumers are looking for ways to ease the burdens of buying presents at reasonable prices.

Goolsbee Says It Makes Sense To Slow Cuts As Fed Nears Neutral

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The president of the Federal Reserve Bank of Chicago has been one of the central bank's more outspoken doves.

Private Equity-Backed U.S. IPOs Set To Surge In Market Revival

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As stocks hit record highs and the macroeconomic environment improves, IPO prospects have brightened.

Trump To Name Hassett National Economic Council Chief

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Kevin Hassett previously served as a senior advisor to Trump and vigorously defended his tax policies.

U.S. New-Home Sales Slump To Two-Year Low After Storms In South

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New single-family home sales decreased 17% last month.

BlackRock Cites Infrastructure, AI Among Top 2025 Trends

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The 2024 election will hasten some trends already underway, the firm says.

The Magnificent 7 Are Beginning To Look Average

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The profit outlook for the group is converging with the rest of the S&P 500, but their valuations are not.

Bessent Will Have to Fix America's Finances. Good Luck With That

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Managing the U.S. Treasury market and the nation's fiscal trajectory will be a lot more daunting than markets seem to recognize.

Goldman's Rubner Says U.S. Stocks Are Set to Rally Into Year-End

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He said a year-end rally starting this week will push the S&P 500 about 4% higher.

Abu Dhabi's Mubadala To Take CI Financial Private In $12 Billion Deal

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It's one of the largest-ever privatizations by an Abu Dhabi entity in the financial sector.

Bond Market Halts Brutal Run As Buyers Pounce On 4.5% Yields

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The U.S. bond market is finally showing signs of steadying after a two-month selloff.

Fed's Pandemic Program To Help Main Street Is Now A Burden For Businesses

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Midsize businesses that used the loan program have been buried by high interest rates.

Robinhood's Gallagher Drops Out Of SEC Chair Consideration

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Dan Gallagher says he's committed to Robinhood.

U.S. Consumer Sentiment Rises Less Than Forecast After Election

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The sentiment reflects deep divisions among Republicans and Democrats about the path of the economy.

Quant Hedge Fund AQR Is Cutting Income Tax Bills For Wealthy Clients

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With its new tax-optimization product, the firm wants to go beyond offsetting capital gains.

More Than Half Of Boomers Never Plan To Sell Their Homes

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The trend is helping freeze America's housing market, a new survey finds.

Trump Is Making the 60/40 Portfolio Great Again

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The president-elect's agenda promises uncertainty and volatility for stocks. A healthy exposure to bonds may be key to peaceful sleep.

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