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U.S. and China hold first informal nuclear talks in 5 years, eyeing Taiwan

The United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing’s representatives telling U.S. counterparts that they would not resort to…
Finance

Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony…
Politics

Prison inmate led scheme swindling U.S. out of $550 million in Covid tax credits, feds say

A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out…
Politics

U.S. Bank fined $36 million for freezing unemployment debit cards during Covid-19 pandemic

WASHINGTON — The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting…
Finance

Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…
Finance

‘The Psychology of Money’ author Morgan Housel gives advice to investors afraid of market downturns

The author behind the best-selling book “The Psychology of Money” is trying to relieve investor anxiety over market downturns. “Realizing…
Finance

New fund bets big on Eisenhower-era stocks

Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known…
Finance

Why substituting cryptocurrency for gold exposure may be a costly mistake

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s…
Finance

Here’s the inflation breakdown for April 2023, in one chart

Inflation in April notched its lowest reading in two years, as price pressures for consumers continue to moderate from multidecade…
Finance

Market may ignore recession for first time since 1945, RBC’s top strategist Lori Calvasina finds

Wall Street may be ripping a page out of the post-WWII era. According to RBC Capital Markets’ Lori Calvasina, stocks…