Author: super@dmin
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Economic Report: U.S. businesses shed 301,000 jobs in January, ADP says, in biggest drop since start of pandemic
Privately run U.S. businesses reduced employment by 301,000 jobs in January –- the worst reading since the start of the pandemic— as a record omicron wave kept people out of work and delayed hiring plans.
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Peter Morici: Biden borrows too much, while America’s economy hollows out
Biden must define a growth path for the new normal economy.
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: U.S. Treasury to auction $110 billion next week in refunding, down $10 billion from last quarter
Treasury announced Wednesday it would sell $110 billion in notes and bonds next week. That’s down from $120 billion last quarter.
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Futures Movers: Oil prices pause as traders await OPEC+ decision
Oil futures are little changed Wednesday, with investors awaiting a decision from OPEC+ that’s expected to see producers deliver another 400,000 barrel-a-day rise in production.
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In One Chart: Why OPEC+ can’t hit its oil production targets — and what it could do about it
With oil prices trading near seven-year highs, will OPEC+ deliver a bigger-than-expected production increase Wednesday? The truth is producers can’t seem to meet existing targets.
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Bond Report: 10-year Treasury yield edges lower ahead of ADP private-sector payrolls data
Treasury yields are mixed as investors await U.S. January private-sector payrolls data from ADP in a busy week of labor data.
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Europe Markets: Euro, German bund yields rise after surprise inflation acceleration ahead of ECB meeting
The European Central Bank got an unwelcome surprise a day before its interest-rate decision, after the Eurostat statistics agency reported the hottest inflation on record.
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Need to Know: A few more stock pullbacks, and then a big one, are coming, warns this manager. Here’s how investors should prepare.
We chat with David Donabedian, chief investment officer at CIBC Private Wealth U.S., who says single-digit gains for the S&P 500 may be the best we get this year.
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Outside the Box: The ‘perfect’ investor has these two traits
Grit may help you in some parts of life, but investing takes a different kind of tenacity
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Help Me Retire: I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com