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Banking, Economy

“Cathie Wood just wrote an open letter to the Fed accusing it of stoking ‘deflation’ and looking at the wrong economic indicators”

“The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginning to question whether the medicine (rate hikes) could be worse than the disease (inflation).… Continue Reading…

Stocks

“8 Companies Already Paying Huge Dividends Just Hiked Them”

“…Big S&P 500 Payers Hike Dividends Companies yielding 4.5% or more than announced dividend hikes this year Company Symbol Yield now Yield % change in the last 12 months Stock price YTD % ch. Sector Altria Group (MO) 7.06% 4.9%… Continue Reading…

Stocks

“This Meme Stock Just Raced Past GameStop As The New Money Machine”

“Support.com (SPRT) erupted out of nowhere this month and is suddenly stealing the Reddit-crowd’s affection. And for good reason: It’s fast pushing GameStop aside. Shares of Support.com are up 1,583% just this year. That puts it ahead of the still-impressive 1,041%… Continue Reading…

Economy

“JP Morgan slashes second-quarter GDP forecast to just 1%”

“J.P. Morgan economists said they now see much slower second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first quarter. “The April durable goods report was bad, particularly the details relating… Continue Reading…

Business

“Small-business owners: We want to hire, but we just can’t find ‘qualified’ workers”

“Is there really a shortage of skilled workers available for hire? Small-business owners certainly seem to think so. Some 24% of small-business owners said finding qualified workers is their single biggest problem, according to an April survey by the National Federation… Continue Reading…