Fed's Barkin: Data Return to Bring Economic Clarity
Richmond Federal Reserve President Thomas Barkin said Tuesday he hopes coming data and ongoing community interviews will help clarify where the economy is heading, with U.S. central bank policymakers still facing tension between their inflation and employment goals and...
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Trump Admin Interviewing Candidates for Fed Chair
U.S. President Donald Trump Tuesday said he was speaking with various people about the Federal Reserve chairman's job and had some unexpected candidates on the list of those who might replace Jerome Powell.
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Paramount Preps $71B Warner Bros Bid With Arab Sovereign Wealth Funds
Paramount Skydance has formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a total $71 billion bid for Warner Bros Discovery, Variety reported Tuesday, citing sources familiar with the matter.
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Unemployment Claims Swelled Between Sept. & Oct.
The number of Americans on jobless benefits surged between mid-September and mid-October, government data showed Tuesday, suggesting an elevated unemployment rate in October as an uncertain economic environment discourages hiring.
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A majority of small and mid-sized business owners in the U.S. expect stronger performance next year, with 74% forecasting revenue growth and nearly 60% planning to expand operations, a Bank of America survey showed.
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Futures Slip as Fed Rate-Cut Hopes Fade
U.S. stock index futures fell Tuesday as concerns over lofty equity valuations and diminishing prospects for an interest rate cut weighed on sentiment, though attention remained on Nvidia's earnings and key government data due later this week.
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