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Friday, October 19, 2018
President Donald Trump shouldn't be criticizing independent federal agencies like the Federal Reserve, his former top economic advisor said Thursday. As the latest former official to speak about Trump's verbal barrage against the central bank, Gary Cohn said the president's job is to appoint the officials who make policy...
The idea of full employment — a jobless rate so low that companies struggle to find and hire workers — is "fantastic for our great country," according to CNBC's Jim Cramer. The current amazingly strong job market is not going to cause the worrisome inflation that Federal Reserve Chairman...
CHICAGO (Reuters) - Americans could dig a $2.5 trillion hole in the country’s retirement system as they fail to pay back loans taken from workplace retirement plans over the next 10 years, according to a new study from Deloitte Consulting.  FILE PHOTO: Retirees play poker at a...
Rent the Runway is setting up drop boxes at 15 WeWork locations across the U.S. — the clothing subscription service's attempt to bring high-end fashion to the office. The drop boxes will be set up in six U.S. cities — New York, San Francisco, Los Angeles, Chicago,...
AP Photo/Susan Walsh, File As Wall Street continues to mull the latest minutes from the Federal Reserve, it seems that worries are continuing about higher interest rates potentially clipping the...
Major US equity indices opened lower on Thursday as investors digested a hawkish assessment of the latest FOMC meeting minutes.  Minutes of the Federal Reserve’s September meeting revealed that the majority of the Committee members agreed on raising interest rates further and reinforced market expectations for gradual...
New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 210,000 for the...
London's market continued to boom amid political tension, with financial services exports totalling £68 billion in 2017 — more than New York and Singapore combined. Catherine McGuinness, policy chairman of the City of London Corporation, said the U.K.'s financial services district was a "magnet" for...
NEW YORK (Reuters) - As any parent knows, getting children to focus can be challenging - even more so when it involves topics like monetary systems. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie But comics are kid-friendly, and...
Ericsson's shares have soared more than 30 percent year-to-date, underpinned by progress toward meeting its 2020 financial targets and hopes for a 5G-led industry growth cycle. The Swedish mobile telecom gear maker appears to be benefitting from rising competition among the four top U.S. carriers,...

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