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The Fed is about to see a lot of new faces. What it means for banks, the economy and markets

Sarah Bloom RaskinAndrew Harrer | Bloomberg | Getty ImagesIn what likely will be just a few months' time, the Federal Reserve will look a lot different: Three new governors, a new vice chairman, a new banking chief and likely a couple new regional presidents.But while the parts of the

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Stocks making the biggest moves midday: JPMorgan, Wynn Resorts, Sherwin-Williams, Disney and more

Spencer Platt | Getty ImagesCheck out the companies making headlines in midday trading.Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump 14.1% and 8.6%, respectively, after the Macau government said the number of casinos allowed to operate there would remain limited at six. Licenses of

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Wage inflation has arrived in a big way and Jamie Dimon says CEOs ‘shouldn’t be crybabies about it’

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersBanks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force central banks to

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