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Wall Street

Resurgent economy foils Fed inflation fight

by Mitchell Hartman
Mar 8, 2023
Strong consumer spending and job gains so far in 2023 spur Fed Chair Powell to double down on rate hikes.
U.S. Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee.
Mandel Ngan/AFP via Getty Images
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Banks are weighing environmental, social issues when investing. Some states punish them for it.

by Nancy Marshall-Genzer
Mar 3, 2023
ESG considers environmental, social, and corporate governance factors along with profitability. Republican opponents call it "woke investing."
Republican-controlled states are increasingly targeting investment strategies that consider environmental, social, and corporate governance factors.
Tamir Kalifa/Getty Images
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Retirement accounts fell more than 20% in 2022

by Mitchell Hartman
Feb 27, 2023
Fidelity Investments reports that average 401(k) and IRA balances fell to around $104,000 in 2022, as financial markets stumbled.
Getty Images
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Shelf Life

Wall Street widened the racial wealth gap. Can big banks help bridge it?

by Emily Flitter
Oct 25, 2022
In her new book, journalist Emily Flitter looks at how Wall Street giants have kept Black Americans out of the financial industry.
The JPMorgan Chase headquarters building in New York. Many major Wall Street firms pledged to support economic equality for Black Americans after the killing of George Floyd in 2020.
Michael M. Santiago/Getty Images
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Interest rate hikes not always bad news for stock markets

by Nancy Marshall-Genzer
Sep 15, 2022
Markets plummeted Tuesday as Wall Street was rattled by hot inflation numbers that raised fears of even steeper interest rate hikes.
Traders work on the floor of the New York Stock Exchange on Sept. 13, 2022 in New York City.
Michael M. Santiago/Getty Images
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AMC appeals to meme stock investors for its financial future

by Ellen Rolfes
Aug 26, 2022
AMC sells APEs to tap into retail investors’ enthusiasm. Can it evolve beyond the meme?
Traders on the floor of New York Stock Exchange stare up at a screen that shows APE preferred share stock price.
Michael M. Santiago/Getty Images
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Peloton lost more than $1.2 billion last quarter. Is the company spinning its wheels?

by Lily Jamali
Aug 26, 2022
The latest earnings from the popular fitness bike company may mean the company needs to switch directions to retain customers.
The fitness company reported a massive loss last quarter, spurring questions about the need for a revamped business strategy.
Ethan Miller/Getty Images
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When quarterly earnings "miss Wall Street expectations," whose expectations do we mean?

by Sabri Ben-Achour
Aug 17, 2022
Stock analysts set these expectations, and stock prices react to whether they are met.
Target's financial results fell short of Wall Street expectations, and the stock lost ground.
Robyn Beck/AFP via Getty Images
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Alexa, meet Roomba: Amazon buys robotic vacuum maker iRobot for $1.7 billion

by Stephanie Hughes
Aug 8, 2022
"Alexa, please tell the Roomba to stop scaring the cat."
Amazon's billion-dollar purchase of Roomba may see the company become even more involved in home smart technologies.
Eric Piermont/Getty Images
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Even amid the crash, there's some optimism about the future of crypto

by David Brancaccio , Jarrett Dang and Alex Schroeder
Jul 26, 2022
The co-founder of one financial services company is bullish on digital currencies even as uncertainty roils the market.
"Similar to the past so-called crypto winters, the underlying foundation, the development, the technology and the adoption [of crypto] has been continuing," said William Cai, co-founder and managing partner at Wilshire Phoenix.
Ina Fassbender/AFP via Getty Images
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