Friday morning’s Dow futures sank more than 200 points as investors continue to await a decision in Washington D.C. The House of Representatives adjourned on Thursday after passing a spending plan to keep the federal government open for another week as Republicans and Democrats try to figure out a second …
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The American Bankers Association is seeking vaccine prioritization for bank tellers and frontline community-bank employees. An earlier version of this story suggested that the industry group was seeking a broader prioritization for the financial industry, including traders. The story has been corrected. Frontline bank employees could get a shot in …
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Movement Mortgage, a national top 10 retail mortgage lender, is excited to announce the addition of Market Leader Bart Evans to the Houston, Texas market. Evans brings two decades of experience to the Movement Mortgage team. Starting in Springfield, Missouri, Evans began working with banks in the early 2000s. His …
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MARKETWATCH FRONT PAGE Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., has seen his fund badly trail the broader stock market in 2020. See full story. Shopping for a new car on Black Friday? Beware of this clever car-dealership trick Timothy …
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Being too bearish in this pandemic-stricken U.S. stock market can be costly. That is apparently the lesson that Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., learned this year as his fund has seen clients pull billions of dollars from his …
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Few would dispute that the Federal Reserve’s enormous doses of monetary medicine this year were necessary to alleviate the worst economic impacts of the coronavirus pandemic. But every treatment comes with risks and side effects, and the aggressive intervention by the U.S. central bank added significantly to the ranks of …
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Hard out there for a bear. Getty Images/iStockphoto Bears are an endangered species these days. You might not know it from the depressing headlines, but it’s been a great run for the bulls and an increasingly brutal stretch for those betting against the stock market. At the end of October, …
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A restaurant displays a “Now Hiring” sign amid the coronavirus pandemic in Arlington, Virginia. Companies are still hiring more workers, but not as fast as they were during the summer. olivier douliery/Agence France-Presse/Getty Images The numbers: Job openings in the U.S. rose slightly in September and layoffs declined, but hiring …
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A man wearing a face mask takes a selfie at the Charging Bull statue. angela weiss/Agence France-Presse/Getty Images Hedge funds were not the primary villains of the turmoil in the Treasury market as the grip of the coronavirus intensified in March, according to a Federal Reserve report released Monday. While …
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