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U.S. GDP Slows in Q1 But Shows Strong Consumer Spending

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New GDP figures in yesterday showed slight, inflation-adjusted contraction of the U.S. economy (just .4%), but the decline “masked evidence of a recovery that economists said remained fundamentally strong.” Especially...more

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Apollo Global Weighing Bankrolling Musk’s Play for Twitter

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Back at it. Let’s get caught up . . . The latest in the Elon Musk/Twitter drama includes word that PE firm Apollo Global Mgmt is “considering” joining a bid by Musk to acquire the social media platform, a potential early...more

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Elon Musk Takes Surprise 9.2% Stake in Twitter

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The man who can move the entire crypto industry in 180 characters or less disclosed on Monday a massive new stake in that medium of choice, Twitter. That move made Elon Musk the single biggest shareholder of the social media...more

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Fed’s Steady Forecast on Rate Hikes Buoys Markets

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In testimony before the House Financial Services Committee, Fed Chair Powell on Wednesday assured lawmakers that despite the state of geopolitics at the moment, the central bank is still “poised to lift interest rates at its...more

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Omicron Surge Expected to Take Bite Out of January Jobs Report

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Jobs Report Friday again, and general consensus is that with the Omicron surge hitting smack dab in the middle of January hiring, these numbers are going to be weird. Very weird...more

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Financial Daily Dose 10.29.2021 | Top Story: Delta Variant and Supply Chain Woes Slow GDP in Q3

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Q3 GDP data showed the full impact of the Delta variant and supply chain issues on America’s economic recovery, with GDP rising just 2% in the quarter ending September 30 as compared to the 6.7% it grew on an annualized basis...more

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Financial Daily Dose 9.10.2021 | Top Story: OCC Hammers Wells Fargo with $250M Fine Over Noncompliance

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We thought that more regulatory action was in the offing for Wells Fargo, and the OCC definitely delivered, hitting Wells on Thursday with an additional $250 million fine for “unsatisfactory remedial progress” in addressing...more

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