Author: super@dmin
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Futures Movers: 10-year Treasury yield hovers near 3-week high
Treasury yields are mostly lower, though the 10-year rate is holding near its highest level of December.
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Economic Report: Consumer confidence jumps to eight-month high as recession worries fade
A survey of consumer confidence jumped to a eight-month high in December, reflecting a drop in gas prices and more optimism about the jobs and the economy.
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The Ratings Game: FedEx has ‘stemmed the bleeding,’ but challenges remain, say analysts
FedEx’s cost-cutting plans have been welcomed by analysts, but they warn that the parcel-delivery service still has plenty of challenges ahead.
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Economic Report: U.S. existing-home sales fall for the 10th straight month in November — longest losing streak on record
Existing-home sales fell to 4.09 million in November, the National Association of Realtors said
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The Ratings Game: Nike’s shares surge as analysts applaud a return to growth in China
Analysts were pleasantly surprised by Nike’s early holiday earnings results, which reported higher than expected sales and a rebound of business in China.
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FA Center: New research claims the bear market won’t be over until the VIX says so.
Most bear markets end with stock investors in deep despair.
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Fix My Portfolio: You can QCD your RMD, PDQ. If you’re over 70 and giving money to charity this year, you’ll want to know what this means.
A reader asks the most tax-efficient way to use his required minimum distribution to make a charitable donation.
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Futures Movers: Oil prices lifted by data showing fall in U.S. crude inventories
Oil futures rise Wednesday, lifted after industry report shows a fall in U.S. crude inventories ahead of official data
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Economic Report: Demand for mortgages inches up amid slow season for home buying
Mortgage applications rose 0.9% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.34%.
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Need to Know: The Fed has succeeded in one way — it’s reduced wealth inequality, this analysis finds
How much the Fed’s rate hike campaign has done to bring down inflation is debatable, but it has narrowed the wealth gap.