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Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns

Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns

[ad_1] The economy may be hitting a crucial turning point.Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there's not much more consumers can withstand."It gets to the question: At what point does the consumer blink in the face of these rising

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Three reasons why this struggling fintech stock may break out of its slump

Three reasons why this struggling fintech stock may break out of its slump

[ad_1] PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock.The company's underperformance follows leadership uncertainty. PayPal's chief financial officer, John Rainey, announced last week he'll leave the company in late May. Yet, Bruderman Asset Management's Akshata Bailkeri made an optimistic

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Cuts to unemployment benefits didn’t spur jobs, report says

Cuts to unemployment benefits didn’t spur jobs, report says

[ad_1] A "We're Hiring" sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021.John Paraskevas/Newsday RM via Getty ImagesState cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn't play a big

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As the dollar jumps to two-year highs, the ‘Fast Money’ traders deliver winners and losers

As the dollar jumps to two-year highs, the ‘Fast Money’ traders deliver winners and losers

[ad_1] Wall Street may be underestimating the dollar's jump to two year highs."With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market in general," "Fast Money" trader Guy Adami said on Tuesday. "A stronger dollar, as counterintuitive as it may

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Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post

Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post

[ad_1] President Joe Biden will nominate Michael Barr to be the Federal Reserve's top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010.Andrew Harrer |

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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests

Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests

[ad_1] Wall Street may be overestimating recession risks.While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity's Tony Dwyer is concentrating on optimistic activity in another part of the bond market.According to Dwyer, the three-month versus five-year yield shows a healthier picture of

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The Great Resignation continues, as 44% of workers look for a new job

The Great Resignation continues, as 44% of workers look for a new job

[ad_1] Thianchai Sitthikongsak | Moment | Getty ImagesAlmost half of employees are looking for a new job or plan to soon, according to a survey, suggesting the pandemic-era phenomenon known as the Great Resignation is continuing into 2022.To that point, 44% of employees are "job seekers," according to Willis Towers

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