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Banking Giants Reap Bigger Profits on More Loans
U.S. banking giants boosted their profits in the fourth quarter, buoyed by increasing demand from borrowers that could bode well for lenders' future earnings.
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Mortgage Refis Jump 40% After Trump's $200B Move
Mortgage refinancing demand surged 40% in a single week after President Trump ordered a sweeping $200 billion purchase of mortgage bonds , a move that briefly pushed mortgage rates below 6% for the first time in years and sent homeowners scrambling to lock in lower...
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JPMorgan Profits Rise 9% in Q4 Excluding Apple Hit
JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions.
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Wells Fargo Profit Climbs on Interest Income Boost
Wells Fargo's profit rose in the fourth quarter as it earned more from interest payments.
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Bank of America Profit Climbs as Trading Surges
Bank of America's profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased volatility in the markets.
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Florida's Retirement Boom Is Now for the Rich
For decades, Florida was a place where retirement was within reach for almost anyone willing to trade snow for sunshine. That bargain is now breaking down.
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Gold Blasts Past $4,609 on Fed Rate-Cut Bets
Gold hit a record high Tuesday, as U.S. inflation data cemented bets on Federal Reserve rate cuts this year and persistent geopolitical and economic uncertainties drove safe-haven demand, while silver also hit a fresh peak.
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Bessent to Trump: Powell Probe Could Rattle Markets
Treasury Secretary Scott Bessent warned President Trump that the federal investigation into Federal Reserve Chair Jerome Powell has already "made a mess" and risks unsettling financial markets, Axios reports.
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Apple Turns to Gemini AI to Power Siri, AI Products
Apple is turning to Google's Gemini artificial intelligence models to power the next generation of Siri and other AI-driven features across its products, marking a major shift for the iPhone maker as it ramps up its long-awaited push into generative AI, CNBC reports.
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Paramount Sues Warner Over Netflix Bid
Paramount is escalating its high-stakes bid for Warner Bros. Discovery, taking the fight from the boardroom to the courtroom as millions of Americans watch closely-many of them subscribers to both Netflix and Warner-owned platforms, The Hollywood Reporter reports.
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Financials Fall on Trump's Credit Card Rate Cap Plan
U.S. financial stocks fell Monday and weighed on global indexes as President Donald Trump's call for a one-year cap on credit card interest rates threatened a key revenue stream for the industry.
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JPMorgan Forecasts 2027 Quarter-Point Fed Hike
J.P. Morgan predicts the U.S. Federal Reserve's next move will be a rate hike in 2027, while Barclays and Goldman Sachs joined Morgan Stanley in postponing rate cut calls to mid-2026 as data suggested that the labor market was not rapidly deteriorating.
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US Fed Chief Warns of 'Intimidation' After Criminal Subpoenas
US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.
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Gold Hits Record $4,600 as Trump-Powell Clash Shakes Investors
Gold hit a record high of $4,600 Monday, while silver also set a new peak, as a criminal probe by the Trump administration into Federal Reserve Chair Jerome Powell sent investors back into the asset viewed as a safe haven.
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Trump Promises 'Total Safety' for US Oil Firms in Venezuela
President Donald Trump Friday called on oil executives to rush back into Venezuela as the White House looks to quickly secure $100 billion in investments to revive the country's ability to fully tap into its expansive reserves of petroleum.Since the U.S. military raid to...
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Nothing to See Here - The Stock Market Bubble Scam
A Stock Market Bubble Only Exists if the S&P 500 Hits 10,000 This Year.
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3 High-Yield Stocks for Safe Income
The average dividend yield in the S&P 500 Index remains low at 1.1%. As a result, income investors largely have to settle for less dividend income when buying stocks.
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Bob's Discount Furniture Files for US IPO
Furniture store chain Bob's Discount Furniture, backed by private equity firm Bain Capital, filed for an initial public offering in the United States Friday.
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Mortgage Lenders Rally on Trump's $200B Bond Plan
Mortgage lenders surged in premarket trading Friday, a day after U.S. President Donald Trump said he is ordering his representatives to buy $200 billion in mortgage bonds to bring down housing costs.
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Defense Stocks Rise on Trump's Call for $1.5T Budget
Global defense stocks climbed Thursday after President Donald Trump called for a substantial increase in the U.S. military budget, fueling a fresh rally amid ongoing geopolitical tensions.
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GM to Take $6 Billion Writedown on EV Pullback
General Motors said Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car company to pull back from EVs in response to the Trump administration's policies and fading demand.
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Investors Turn Bullish on Latin America After Maduro Capture
U.S. President Donald Trump's muscular moves in Venezuela and Argentina are adding to a rightward shift across Latin America in a pivotal election year, making foreign cash more likely to flow to the region as investors anticipate market-friendly reforms.
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Trump: Raytheon 'Least Responsive' Defense Contractor
Trump: Raytheon 'Least Responsive' Defense ContractorPresident Donald Trump Wednesday escalated his warning to U.S. defense contractors by singling out Raytheon, accusing the firm of putting shareholders ahead of military readiness and threatening to cut off government...
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Geopolitics Ignite Gold's Safe-Haven Surge
With recent events in Venezuela, geopolitics are heating up an already volatile world. The removal of Nicolás Maduro from power has injected fresh uncertainty far beyond the borders of Venezuela.
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Can You Afford to Delay Taking Social Security Benefits
Taking them later results in higher future income but can create an income gap. If you want to retire early, annuities offer a way to boost income until your benefits begin.