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Persistent inflation is likely to keep U.S. interest rates high through 2023 and leave the U.S. susceptible to recession, financial-industry economists say. “The inflation picture is very complicated,” said Lindsey Piegza, chief economist of the brokerage Stifel. She is also chairwoman of the economic roundtable at the Securities Industry and…

© Reuters. FILE PHOTO: Do Kwon, the cryptocurrency entrepreneur, who created the failed Terra (UST) stablecoin, is taken to court in handcuffs, to face charges of forging official documents, in Podgorica, Montenegro, March 24, 2023. REUTERS/Stevo Vasiljevic/ FILE PH By Jody Godoy (Reuters) – A U.S. judge considered whether the…

By Ross Kerber (Reuters) – A U.S. congressional leader on Wednesday issued a subpoena seeking information from climate activists over antitrust issues, joining other Republicans who have criticized companies’ growing concern for environmental, social and governance (ESG) matters. Jim Jordan, chair of the House Judiciary Committee, wrote in a letter…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid on Wednesday after the Federal Reserve held interest rates steady, as expected, but signaled that borrowing costs will increase by another 50 basis points (bps) by end-December. The was last down 0.3% at 103.01 after hitting a four-week low…

(Reuters) -Virgin Galactic Holdings, the space tourism firm founded by Richard Branson, said on Thursday its long-awaited commercial spaceflight service would launch later this month, sending its shares up over 55% in trading after the bell. The first spaceflight, called “Galactic 01”, is planned between June 27 and June 30,…

Key News Asian equities were mixed following the US Fed pause as Mainland China and Hong Kong outperformed. All sectors in both markets were positive, led by growth stocks. Yes, the May data was weak, as anticipated, but markets, unlike media headlines, look forward, not backward. This explains the move…

We contrarians like to follow the insiders. Those “in the know” who buy and sell their own stocks based on value. These “smart money” types fade sentiment. Insiders tend to buy low and sell high. And, to be honest, we really don’t care when they sell. Maybe they were short…

Many people love the idea of starting a business, making money, and becoming celebrated entrepreneurs, but this journey is unsuitable for everyone. It requires certain qualities, characteristics, and discipline to start, maintain, and expand an enterprise. This article briefly discusses how to distinguish those who have the potential to become…

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