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A service for banking industry professionals · Wednesday, April 16, 2025 · 803,912,250 Articles · 3+ Million Readers
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  • Published on 12:43 GMT

    Nasdaq drops 4% as tech sell-off accelerates, Dow slides 900 points: Live updates

    Stocks fell sharply on Wednesday, as a stark warning from Nvidia roiled global tech and concerns from Federal Reserve Chair Jerome Powell about the economic impact of tariffs raised alarm among skittish investors. The Dow Jones Industrial Average lost 908 …

    Source: NBC 4 - New York - Neutral
  • Published on 19:07 GMT

    Powell warns of 'challenging scenario' for Fed on tariffs

    Federal Reserve Chairman Jerome Powell said Wednesday the central bank will "wait for greater clarity" before considering any interest rate adjustments as he expects President Trump’s tariffs to generate "higher inflation and slower growth.…

    Source: Yahoo Finance - Pending
  • Published on 16:08 GMT

    Fed's Hammack: Time for hold steady while taking in new data

    By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday high uncertainty in the U.S. economy right now argues for the central bank to hold steady on interest rate policy and take in more information before …

    Source: Yahoo Finance - Pending
  • Published on 15:06 GMT

    Michigan expands access to college and skills training for men

    Michigan Gov. Gretchen Whitmer signed an executive directive that instructs education and labor state agencies to actively reach out to men and inform them about tuition-free opportunities for college and skills training, according to an April 10 …

    Source: HR Dive - Pending
  • Published on Apr 14, 2025

    More Former Residents Are Returning to Youngstown

    YOUNGSTOWN, Ohio — The Youngstown metro area falls below average when it comes to retaining native residents. However, Youngstown is above average in attracting former residents back to the region, a trend known as “boomerang migration.” That’s according …

    Source: Business Journal - Ohio - Neutral
  • Published on Apr 14, 2025

    On the fragility of the nonlinear Phillips curve interpretation of recent inflation

    Prior to the onset of the COVID-19 pandemic in 2020, a substantial body of literature suggested that the Phillips curve exhibited a relatively flat slope (see, for example, Hazell et al. 2022). Consequently, it was widely believed that a temporary …

    Source: VoxEU - Neutral
  • Published on Apr 13, 2025

    Razor-thin: Day care costs a fortune, no one is getting rich

    Day care now costs more than rent in 16 of America’s 100 largest metros. Lakeland isn’t there yet, but with full-day tuition averaging $1,000 to $1,500 a month per child, the numbers aren’t far off. The staggering cost is one of the top reasons young …

    Source: WUSF - Florida - Public Broadcaster
  • Published on Apr 12, 2025

    Economist tells Valley to play to its strengths

    CANFIELD — In its effort to lure, develop and retain coveted workforce talent, the Mahoning Valley is well-positioned to accomplish the task, a noted economist and Warren native said Thursday. If successful, the Valley 25 years from now will be different …

    Source: Tribune Chronicle - Ohio - Neutral
  • Published on Apr 11, 2025

    Crypto Rebound Likely as Trump Tariffs May Bring Down Inflation

    The ongoing U.S.-China trade war is likely to bring down inflation in the U.S. economy, key sections of the financial market indicate, offering bullish cues to risk assets, including bitcoin (BTC). In his inaugural address on Jan. 20, President Donald …

    Source: CoinDesk - Neutral
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