Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
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IRS' Plan to Target Wealthy With Audits 'Incredibly Concerning'
The Internal Revenue Service's plans to aggressively increase audits is "incredibly concerning" to many economists and others who warn of targeting specific economic groups.
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Biden Wants to Raise Taxes on the Rich, Ignores Deficit
The Biden White House wants voters to know its differences with Republicans over taxes, with a top aide making the case for higher rates on corporations and the ultra-wealthy.
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UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
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The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.
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The Economy Would Thrive With Higher Interest Rates
For too long, Federal Reserve policymakers have focused on when interest rates could be lowered to avoid a recession. Instead, long-term growth and stock values would be better supported by letting markets take rates higher.
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