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Billionaire investor Ray Dalio says UK’s economic plan ‘suggests incompetence’

[ad_1] Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022.Bloomberg | Bloomberg | Getty ImagesThe financial market turmoil resulting from the U.K. government's spending plan "suggests incompetence," according to billionaire

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Robinhood jumps after report that SEC will not ban payment for order flow

[ad_1] A woman holds a smartphone with the Robinhood logo in the background.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesShares of retail brokerage Robinhood popped Thursday after a report that U.S. regulators would not ban payment for order flow, a key part of the company's business model.Bloomberg News

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Trussonomics? What to watch as the new UK prime minister battles multiple crises

[ad_1] New British Prime Minister Liz Truss delivers a speech outside Downing Street, in London, Britain September 6, 2022.Toby Melville | ReutersLONDON — New British Prime Minister Liz Truss faces a confluence of economic challenges, but will need to balance her own ideals with the immediate needs of the country.Last

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BlackRock and Mike Bloomberg agree that measuring climate risk and investing in clean energy is smart capitalism

[ad_1] Larry Fink, chief executive officer of BlackRock Inc.Christopher Goodney | Bloomberg | Getty ImagesBillionaire businessman and former New York Mayor Michael Bloomberg and the investing behemoth BlackRock have both recently issued their own strongly worded missives defending investments in climate solutions and clean energy and saying that requesting climate-related

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You may qualify for over $10,000 in climate incentives from the Inflation Reduction Act. Here’s when you can claim them

[ad_1] Sebastian Rothe / Eyeem | Eyeem | Getty ImagesHouseholds may soon be able to claim thousands of dollars in tax breaks and rebates if they take steps to reduce their carbon footprint.But eco-friendly consumers must wait until 2023 — perhaps even 2024 or later — to see many of

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President Biden used student loan reform to ‘push the idea that $15 should be the minimum wage,’ expert says. Here’s how

[ad_1] Fast-food workers and supporters fight to raise the minimum wage to $15 an hour.James Leynse | Corbis Historical | Getty ImagesThe Biden administration seems to have pegged a student loan policy announced Wednesday to its broader push for a national $15-an-hour minimum wage.The White House detailed a long-awaited plan

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President’s student loan forgiveness plan draws pushback from some lawmakers and consumer groups

[ad_1] Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020.Paul Morigi | Getty Images Entertainment | Getty ImagesPresident Joe Biden's long-awaited plan to forgive student debt, announced Wednesday, drew immediate pushback from some lawmakers and consumer groups even as

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How Detroit moved on from its legendary bankruptcy

[ad_1] A new wave of development is rippling through downtown Detroit."Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022," said Ramy Habib, a local entrepreneur. "It is absolutely magnificent what happened throughout those 15 years."Between 2010 and 2019, just 708 new housing structures

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Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge? Expect ‘a different answer depending on who you ask,’ says analyst

[ad_1] Jim Watson | Afp | Getty ImagesSenate Democrats' package of climate change, health-care, drug pricing and tax measures unveiled last week has proponents and opponents debating whether the legislation violates a pledge President Joe Biden has made since his presidential campaign, to not raise taxes on households with incomes below $400,000

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The great unrest: How 2020 changed the economy in ways we can’t understand yet

[ad_1] In an earnings call this week, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what's going on with the U.S. economy right now:"This is truly one of the most complex environments we've ever seen in our industry to operate

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