Economic News
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Wall Street ends higher, marking 2nd winning week in a row
Stocks shook off a weak start and ended higher on Wall Street even as worries about banks on both sides of the Atlantic continue to weigh on markets
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Deutsche Bank shares drop amid global jitters over banks
Shares in Deutsche Bank, Germany’s largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market
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Debt, expenses stress lower income households: AP-NORC poll
A new AP-NORC poll shows that personal finances are a major source of stress for about half of the lower income households in the U.S.
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EU leaders play down bank risks as economy weakens
European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy
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Asian shares fall on banking turmoil, recession worries
Shares have fallen in Asia as worries over turmoil in the banking sector and the risks of recession overshadowed gains on Wall Street
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Fed's unwanted ally in bid to tame inflation: Credit crunch
The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a cutback in bank lending
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Pro-labor? Biden aims to prove it with unionized 2024 staff
Joe Biden likes to say he’s the most pro-union president in U.S. history
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Lawmakers tell ex-CEOs 'you must answer' for bank failures
Leaders of the Senate’s banking committee are telling former chief executive officers at the failed Silicon Valley Bank and Signature Bank they “must answer” for their banks' "downfall.”
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Average long-term US mortgage rate falls to 6.42% this week
The average long-term U.S. mortgage fell for the second straight week, which combined with moderating home prices, could give the housing market a boost as the spring buying season begins
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UK central bank hikes rates like Fed amid financial turmoil
The Bank of England has extended its battle against inflation, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system
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