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US Stocks On Track To Finish Week On A High As Positive Earnings, Rate Pause Hopes Lend Support
Friday, November 17, 2023 - 8:14am | 1400The resilient market looks set to open the week’s last trading session on a modestly positive note. Stocks have been mostly higher this week following the release of a tame consumer price inflation report on Tuesday, although the upward move hasn’t been very convincing. On Friday,...
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US Stocks Drop As Rising Dollar, Treasury Yields, Oil Prices Weigh On Sentiment: What's Driving Markets Wednesday?
Wednesday, September 6, 2023 - 1:22pm | 1235Wednesday is a risk-off session for the U.S. stock market as investors express concern in response to the mounting pressures posed by escalating oil prices and increasing U.S. Treasury yields. WTI-graded crude rose to over $86 a barrel, while the rate-sensitive two-year Treasury yields showcased an...
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US Stocks Stall Despite Benign PCE Inflation, Down Month Looms: What's Driving Markets Thursday?
Thursday, August 31, 2023 - 1:27pm | 1265Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation...
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Fed's Collins Warns of Inflation, Housing Challenges Ahead of The Jackson Hole Symposium
Thursday, August 24, 2023 - 12:36pm | 592Susan M. Collins, the President and CEO of the Federal Reserve Bank of Boston, acknowledged a “promising sign on inflation.” In an interview with Yahoo Finance, Collins shared her insights on the current state of inflation, the path forward for interest rates, and the challenges in the...
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Boston Fed's Susan Collins Says Leaning Toward 25 Bps Rate Hike At Next Policy Meeting: NYT
Wednesday, January 11, 2023 - 8:57pm | 431Susan M. Collins, president of the Federal Reserve Bank of Boston, reportedly said she was leaning toward a 25 bps interest rate hike at the next FOMC meeting – a slowing down in the pace of rate hike compared to the large increases adopted by the central bank throughout last year in its...
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The Most And Least Popular US Senators In 2020
Wednesday, February 19, 2020 - 4:52pm | 487In an effort to determine who are the most liked and least liked-U.S. Senators for 2020, political research outlet Morning Consult surveyed nearly 500,000 registered voters between Oct. 1 and Dec. 31, 2019. “The most popular and unpopular senators are determined by total approval and total...
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Health Care Stocks Spike After McCain Announces 'No' Vote On Graham-Cassidy Proposal
Friday, September 22, 2017 - 2:28pm | 407Health care stocks caught a boost Friday afternoon as the latest ━ and perhaps last ━ effort to repeal the Affordable Care Act (known to many as Obamacare) lost critical GOP support. “I cannot in good conscience vote for the Graham-Cassidy proposal,” Sen. John McCain wrote in a...
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Health Care Reform, Reconciliation, And The 'Nuclear Option'
Tuesday, March 2, 2010 - 12:48pm | 730Those following the almost year-long drama concerning the health-care reform movement currently stalled in Congress have recently heard of a nasty-sounding word called 'reconciliation'. This week, Republican leadership have labeled it the 'nuclear option' - which makes the term even more ominous....