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This savings account is now paying 5% — plus other accounts that offer $100+ cash bonuses and more

Some savings accounts pay far more than others Getty Images/iStockphoto The national average interest rate for savings accounts is a paltry 0.11%, according to Bankrate data from July 27. The good news? Many online banks offer rates far higher than the national average — something you may want to consider as pros say that despite …

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Roaring labor market puts ‘boomflation’ back on the map for investors

The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing …

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‘Makes their blood boil’: Democrats criticize trillion-dollar companies for paying low tax rates and state-by-state tax-free shopping guide for back-to-school supplies

Hi MarketWatchers. Don’t miss these top stories. ‘Makes their blood boil’: Democrats criticize trillion-dollar companies for paying low tax rates More than 100 US companies are paying an average effective tax rate of 1.1%, according to new data released by Senate Finance Committee Chairman Ron Wyden. Read More ‘Arguably, it is the best time ever …

‘Makes their blood boil’: Democrats criticize trillion-dollar companies for paying low tax rates and state-by-state tax-free shopping guide for back-to-school supplies Read More »

Why the US stock rally is starting to look like a new bull market, according to these analysts

Broader is better when it comes to the stock market rally and some analysts see technical signs that gains may be signaling the end of the 2022 bear market, although it’s too early to say for sure. “The risk that the recent advance is merely a bear market rally has not been eliminated. But…the technical …

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Opinion: The bond market has a strong opinion on inflation — but what is it saying about a recession?

Whenever the Federal Reserve starts to tighten financial conditions, markets try to guess how far the central bank will go. In fact, now in an era when it is providing its estimates of future policy in a framework known as “the dots,” the Fed itself is providing guidance on where the fed funds rate will …

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JDE Peet 1H Net Profit Rose, Beating Market Views on Higher Sales — Update

City of Sabela Ojea JDE Peet’s NV reported on Wednesday a significant rise in first-half net profit, which came in ahead of market views on the back of higher sales, and said that its full-year outlook remains unchanged despite market volatility. The Dutch coffee company–which owns the Douwe Egberts, Peet’s Coffee and L’Or brands–posted a …

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US job openings drop below 11 million for the first time since last fall as hiring slows

The numbers: Job openings in the US fell to 10.7 million in June to mark the lowest level since last fall, signaling that a red-hot labor market is cooling off a bit as the economy slows. Job openings slipped from 11.3 million in May. They have dropped three months in a row after peaking in …

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Financial markets may see three-month string of 8.8% inflation readings starting next week, adding up to ‘bad news’

The financial market’s most knowledgeable inflation traders are expecting a string of roughly 8.8% annual headline US consumer-price readings over the next three months, starting with the Aug. 10 release of July’s data. While such readings would be below June’s 9.1% reading and support the theory that inflation may have peaked at an almost 41-year …

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Stock investors will likely sweat out August if recent market history repeats

August, not April, is the cruelest month — for stock investors, that is. Often August has been the best performing month, persuading investors that a hot August is more than a fluke. But there have been long stretches where the market’s return in August has been particularly painful. Consider the Dow Jones Industrial Average DJIA, …

Stock investors will likely sweat out August if recent market history repeats Read More »