By Ann Saphir (Reuters) – Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to have before the disruptions of the COVI[...]
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August 12, 2024
Hedge funds retrench on risk, fearful of increased volatility
By Carolina Mandl NEW YORK (Reuters) -Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets. A brutal selloff and recovery in global[...]
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Investment funds pour into Australian banks; caution on miners
By Aaditya GovindRao (Reuters) – Australian financial stocks are ruling the roost on the traditionally miners-led local main index, fueled by growing interest from equity funds that are wary of[...]
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Bank of America CEO says US consumers could become discouraged unless rates drop soon
(Reuters) – If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday. At the e[...]
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