politics

There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, …

There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022. Read More »

Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared

A passageway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday, March 18, 2021. Hollie Adams | Bloomberg | GettyImages LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic forecasts. The Monetary Policy Committee voted …

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Biden’s IRA has left Europe blind-sided. And playing catch could lead to 2 big mistakes

US President Joe Biden, front, and Ursula von der Leyen, president of the European Commission. Bloomberg | Bloomberg | GettyImages The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies. But it’ll face two key issues in the process. The EU had, for a long …

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Apple and Google app stores get thumbs down from White House

WASHINGTON (AP) — The Biden administration is taking aim at Apple and Google for operating mobile app stores that it says stifle competition. The finding is contained in a Commerce Department report released by the administration on Wednesday as President Joe Biden convened his competition council for an update on efforts to promote competition and …

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Biden proposes a ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets

CNN — President Joe Biden announced new progress Wednesday on his administration’s “competition agenda,” specifically taking aim at junk fees while calling on Congress to pass legislation targeting fees hidden across multiple industries. These costs can “drain hundreds of dollars a year from the pockets of hardworking American families, especially folks who are already struggling …

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White House to tap Lael Brainard, Jared Bernstein as top economic advisors

Lael Brainard, vice chair of the US Federal Reserve, prior to taking the oath of office during a ceremony in Washington, DC, on Monday, May 23, 2022. Al Drago | Bloomberg | GettyImages The White House will likely appoint Federal Reserve Vice Chair Lael Brainard to run the National Economic Council and Jared Bernstein to …

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FTC Loses Antitrust Challenge to Facebook Parent Meta

WASHINGTON—A federal judge declined to halt Meta Platforms Inc.’s META -0.01% acquisition of the virtual-reality startup Within Unlimited, delivering a setback to antitrust enforcers at the Federal Trade Commission seeking to block the deal, a person familiar with the ruling said. In a sealed court decision issued overnight, US District Judge Edward Davila in San …

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Inflation euro zone January 2023 print ahead of ECB rate meeting

Inflation in the eurozone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | GettyImages Inflation in the eurozone dropped for a third consecutive month in January on the back of a significant fall in …

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Exxon Vaults to Record Annual Profit of $55.7 Billion

Exxon XOM 2.02% Mobile Corp. rocketed to its highest-ever annual profit last year, riding surging oil prices to resurrect its status as one of America’s most prosperous companies and erasing billions of dollars of incurred losses during the pandemic. The largest US oil company turned in record annual earnings of $55.7 billion for 2022 in …

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Pfizer (PFE) Q4 earnings 2022

Vials containing the Pfizer/BioNtech vaccine against the coronavirus disease (COVID-19) are displayed before being used at a mobile vaccine clinic, in Valparaiso, Chile, January 3, 2022. Rodrigo Garrido | Reuters Pfizer On Tuesday issued sales guidance of $67 billion to $71 billion for 2023, a decline from its record-breaking 2022 results. The pharmaceutical company booked …

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