Potential

On Thursday, the U.S. stock market saw mixed results as investors assessed the latest economic data. The S & P 500 experienced a slight dip, but still remained close to its all-time high. This comes after the release of May’s producer price index data, which suggested a potential easing of inflation pressures. Additionally, weekly jobless
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As Congress engages in a crucial discussion regarding the impending decision on trillions in expiring tax breaks, the spotlight has been on several Democratic proposals aimed at increasing taxes on corporations and wealthy Americans. Advocates of these plans argue that they are necessary to address income inequality and the federal budget deficit. Among the topics
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In recent years, the fintech industry has undergone a significant transformation, with many industry insiders and investors suggesting that the sector has hit a “bottom.” Valuations have corrected from unsustainable highs seen during the industry’s peak in 2020 and 2021. This shift has led to a more rational market environment, moving away from the days
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Larry Ellison, the Chairman of Oracle, witnessed a significant increase in his wealth by nearly $19 billion after the company forecast double-digit revenue growth for the fiscal year. This positive outlook led to a sharp rally in the stock, marking its best performance since 2021. Ellison’s substantial fortune is largely attributed to his ownership of
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In the past week, mortgage rates experienced significant fluctuations due to economic data releases and overall market conditions. The Mortgage Bankers Association reported a surge of nearly 16% in total mortgage applications, driven by a decrease in rates for 30-year fixed-rate mortgages. However, this trend was short-lived as rates bounced back up following a stronger-than-expected
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The recent investigation into United Auto Workers President Shawn Fain by federal court-appointed monitor Neil Barofsky has raised concerns about potential abuses of power within the union. The monitor is looking into allegations of obstruction and interference by union leaders, including Fain, which could violate a 2020 consent decree between the UAW and the U.S.
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