: ‘The economic consequences are real’: Officials push for deeper scrutiny of racial bias in home-appraisal process

The federal government is taking steps towards addressing bias in the home-appraisal process, after media reports and a new documentary series surface instances of bias and undervaluations.  Marcia L. Fudge, secretary of the U.S. Department of Housing and Urban Development, on Thursday said that through the Federal Housing Administration, HUD was creating a process that people who are seeking FHA

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: U.S. Chamber says businesses are ‘fed up’ with Washington, calls for action on permitting, immigration, trade

The head of U.S. Chamber of Commerce blasted the federal government Thursday for what she described as its polarization, overreach and inability to act strategically, as she also called for action in areas such as permitting reform, immigration and trade. “Business demands better from our government, because, when it comes to Washington, the state of American business is fed up,”

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Earnings Outlook: Why earnings season could be a ‘market-moving event’

As the pivotal fourth-quarter earnings season kicks off Friday, there appears to be a tug-of-war being waged on Wall Street. On one side are those who believe the outlook has already been lowered enough to provide a springboard for better-than-expected results and stock gains, while on the other side are those believing that lackluster results and downbeat forward guidance will

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In One Chart: Goldman Sachs sees these ‘prospective’ total returns across assets in 2023

Goldman Sachs Group’s investment strategy team expects stocks in the U.S. and Europe to beat other asset classes this year despite recession fears.  “We expect US and Eurozone equities to be the best-performing asset classes in 2023, with total returns in local currency of about 13% in our base case scenario,” said Sharmin Mossavar-Rahmani, head of Goldman’s investment strategy group,

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: Portable retirement plans offer niche alternative for gig workers, job jumpers

Maybe you can take it with you?  There’s a nascent market developing for portable retirement plans that target gig workers and job jumpers, and accounts that give workers more flexibility when it comes to retirement saving. Given that the average worker will have 12 different jobs in their lifetime, according to the Bureau of Labor Statistics, there’s a lot of

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Need to Know: Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle slide as well as a rough landing.

Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core prices rose 0.3%. “The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast,” says Paul Donovan, chief economist of UBS

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Singapore’s Crypto.com to Layoff 20% Of Its Global Workforce

Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the latest on the list today is Singapore-based cryptocurrency exchange, Crypto.com. The company earlier today announced a global cut-off of its workforce, expressing how difficult it is to

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Kelley Blue Book: Are high car prices the new normal? If you’re waiting to buy a car, stand firm, experts say—it may pay off.

The roller coaster economic ride that began with the emergence of COVID-19 in early 2020 has reshaped how car buying works. Will it ever get back to what we might call “normal?” Brian Finkelmeyer, senior director of new-vehicle solutions at Cox Automotive, likens it to a staring contest “between consumers, dealers, and automakers. The question is, who will blink first?”

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Next Avenue: This is your brain on nature: How to get ‘15 minutes of forest’ daily to improve your health—even in the city

This article is reprinted by permission from NextAvenue.org. Nature could be one of the keys to mental health — but what if you cannot hike or spend hours outdoors? Kristen Mastel grew up enjoying time outside, but she found that as an adult, that time decreased. “As an academic librarian, I have similar responsibilities as faculty to publish, teach and service,”

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Market Snapshot: U.S. stock futures mostly steady as Bank of America, JP Morgan and other big financial names get ready to kick off earnings season

U.S. stock futures were little changed on Friday, as investors await the first batch of big fourth-quarter earnings that will include reports from JPMorgan Chase & Co. and Bank of America Corp. Shares of Tesla Inc. TSLA, +0.28% fell in premarket trading after the company announced price cuts for its Model 3 and Model Y cars. How are stock-index futures

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Will Bitcoin Price Keep Pumping To $20,000? Watch This Now

The Bitcoin price hit a three-month high at $19,104 yesterday. After the Consumer Price Index (CPI) for December 2022 was announced at 6.5% as expected, the market initially reacted cautiously and showed a pullback to below $17,900. However, the bulls took over after that and posted the biggest daily candle in over 6 months. However, caution is advised. Investors should

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Market Extra: Why the stock market isn’t impressed with the first monthly decline in consumer prices in more than 2 years

Inflation data may no longer be the big catalyst for stocks that it once was. U.S. stocks bounced around to a higher close on Thursday, even though investors received some encouraging inflation news after the consumer-price index for December showed its first monthly decline since the pandemic swept across the globe in 2020. Considering that inflation has been one of

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: Golden Globes winners Jennifer Coolidge, Michelle Yeoh show your best work can come in your 60s — and beyond

This week’s Golden Globes proved you can continue to peak in your career well into your golden years.  Several of the night’s biggest winners with the most memorable acceptance speeches were entertainers in their 60s and 70s, including Michelle Yeoh, Jennifer Coolidge, Angela Bassett, Eddie Murphy and Steven Spielberg. And what resonated with many viewers was how candid these winners

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: Exxon’s own scientists flagged accurate climate risks even as company execs cast doubt, new study finds

ExxonMobil’s internal climate science research, which began as soon as the 1970s, accurately and regularly predicted the pace and severity of global warming, even as executives publicly said the data wasn’t accurate or relevant enough to change the course of further oil and gas development, a new study finds. The study published Thursday in the journal Science found that over the next

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Outside the Box: How big tech’s move into healthcare could make you money

CES 2023 marked a “Return to Normal” for the annual tech event. With 100,000 plus back in Las Vegas, it felt like the CES of old, but for healthcare and digital health technology, it was all about what is new.  With several megatrends garnering the spotlight at this year’s show, including automotive, devices, and the metaverse, it was healthcare-focused technologies

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