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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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Financial Daily Dose 5.20.2021 | Top Story: Cryptos Whipsaw and Close Down, Dragging Markets With Them

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A weeks long slide for Bitcoin and other cryptos turned into a “frenzied selloff” on Wednesday, crashing the digital currencies back to earth after what had been a pandemic year of impressive gains....more

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Financial Daily Dose 3.26.2021 | Top Story: New Unemployment Claims Fall by 100k as Job Market Builds Back

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Thursday delivered some welcome good news in the slow push for a labor market recovery. The Labor Department reported that new jobless benefits claims “fell to their lowest weekly level in the last year, a sign that the...more

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Your Daily Dose of Financial News

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As we anticipated, the Fed held pat on rates yesterday, acknowledged rising inflation but betrayed little concern about it, and gave no signs of moving away from plans to next raise rates in June....more

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Your Daily Dose of Financial News

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The SEC is blocking the proposed sale of the Chicago Mercantile Exchange to a group of Chinese investors based on “unresolved questions” over the “proposed ownership structure and concerns for the regulatory agency’s ability...more

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