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Relief checks 2023 live updates: tax deadline, social security payments, housing market, inflation relief

Relief checks 2023 live updates: tax deadline, social security payments, housing market, inflation relief

No view yet on rate hike in May – Fed’s Barkin Richmond Federal Reserve Bank President Thomas Barkin said Thursday he had not yet come to a conclusion as to what interest rate increase might be appropriate at the Fed’s meeting on 1-2. Mayand is “comfortable” with meeting-by-meeting decisions on whether to move by a …

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Consumers believe we will see lower inflation and a strong labor market later this year

Consumers believe we will see lower inflation and a strong labor market later this year

The latest Consumer Sentiment Index for March from the University of Michigan is out and consumers are not optimistic about the economy. The gauge registered its first decline in four months as inflation and turmoil in the financial sector add to economic uncertainty. We have already seen evidence that consumers are quite pessimistic about certain …

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Nikola NKLA share sale priced below market

Nikola announced plans for a $100 million secondary stock offering on Thursday. The offering priced at a 20% discount to Thursday’s close, pushing the truck maker’s shares down Friday morning. Nikola Motor Company Source: Nikola Motor Company Electric heavy trucks Nikola said its planned $100 million secondary stock offering, announced Thursday after U.S. markets closed, …

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5 things to know before the stock market opens on Friday, March 31

The first quarter is over. Donald Trump has been indicted. Virgin Orbit is in trouble. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, United States, on March 29, 2023. Brendan McDermid | Reuters Here are the key news investors need to start their trading day: The first …

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‘Nationalisation of bond markets’ left central banks unprepared for inflation: HSBC

Central banks around the world have raised interest rates aggressively over the past year in an effort to rein in rising inflation after a decade of loose financial conditions. “Part of the problem with QE was the fact that you basically nationalize the bond markets. Bond markets have a very very useful role to play …

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Flood of cash into US money market funds could add to bank strain

Flood of cash into US money market funds could add to bank strain

The flood of cash pouring into U.S. money market funds is unlikely to stop soon, analysts and investors say, and has the potential to worsen the strain on the banking system. Returns from money market funds, vehicles that invest largely in safe assets such as short-term government debt, have risen well above the interest rates …

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Asia-Pacific markets edge higher after tech stocks led gains on Wall Street

4 hours ago China’s March official manufacturing PMI beats expectations China’s official manufacturing purchasing managers’ index for March was 51.9, data from the National Bureau of Statistics showed. That’s slightly above expectations of 51.5 by analysts polled by Reuters, but lower than the 52.6 seen in February. Most components fell from February, while output, new …

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