Janet Yellen to Wall Street: A recession is unlikely

Janet Yellen on US recession concerns: Most likely no Former Federal Reserve Chair Janet Yellen addresses concerns about a potential U.S. recession. Former chair of the Federal Reserve, Janet Yellen, told FOX Business she doesn’t think the U.S. economy is headed toward a recession after the bond market sounded an economic alarm bell waking up anxious investors. Continue Reading Below […]

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Dancing in the Street, Dior, Doug the Pug: News from around our 50 states

Christian Dior dresses and accessories in the exhibit “Dior, From Paris to the World” are shown at the Dallas Museum of Art. (Photo: Tony Gutierrez/AP) Alabama Protesters walk in the March for Reproductive Freedom in downtown Montgomery, Ala., on Sunday afternoon. (Photo: Mickey Welsh / Advertiser) Montgomery: Hundreds of demonstrators marched to the Capitol on Sunday to protest the state’s newly approved […]

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US stocks gain as Wall Street eyes Federal Reserve minutes

Stephen Moore on Fed: December rate increase was a mistake Potential Federal Reserve Board nominee Stephen Moore discusses his outlook for the U.S. economy and why the December rate increase was a mistake. U.S. stocks rose Wednesday ahead of the Federal Reserve releasing the minutes of its latest meeting, which will disclose the central bank’s economic outlook. Continue Reading Below […]

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Wall Street prepares to profit off looming global credit crunch

Wall Street is hiring like gangbusters — because of a looming global credit crunch that could roil markets, and torpedo funds and businesses. Firms are signing on professionals to profit off a mountain of near-junk corporate debt, according to insiders. The Street is thought to be gearing up for the doomsday scenario some are expecting: a massive wave of corporate […]

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Wall Street bonuses fall over $30K despite profit upturn

The average bonus paid to Wall Street traders dipped by more than $30,000 despite a jump of 11 percent in securities industry profits, according to a report released Tuesday by the comptroller for New York state. Comptroller Thomas DiNapoli's annual estimate of the average bonus paid to security industry employees found that bonuses fell 17 percent last year, from $184,400 […]

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Wall Street bonuses are on the decline despite sky-high profits

Wall Street slashed bonuses by a whopping 17 percent last year, even as profits across the securities industry reached an all-time high, according to a new report. The average securities industry employee saw their bonus decline to $153,700, down more than $30,000 from last year’s average, according to the New York State Comptroller Thomas P. DiNapoli’s annual report. The cuts […]

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