Bank
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Business
Goldman Sachs Begins Large Round of Layoffs
The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it faces economic challenges and cuts costs after an expensive foray into consumer lending.
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Business
Powell Says Fed ‘Will Not Be’ a Climate Policymaker
In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
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Business
The Week in Business: Slowing Job Growth
Credit...Giulio BonaseraWhat’s Up? (Jan. 1-7) A Cooling Jobs Market After many consecutive months of jobs reports showing strong gains, new jobs data on Friday appeared to begin breaking the mold. The economy gained 223,000 jobs last month, a ...
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Business
Why This Is No Madoff Moment for FTX Creditors
The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets.
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World
King Charles III Is the New Face of U.K. Money
Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
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Business
Wall Street Fears the Fed Could Cause ‘Some Damage’
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market.
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Business
Federal Reserve Expected to Slow Rate Increases and Offer Hints at Future
Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.
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Business
Federal Reserve to Slow Rate Increases and Offer Hints at Future
Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.
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Business
Elon Musk’s Latest Jab from the Right
The Twitter owner has taken shots at targets like Dr. Anthony Fauci, the nation’s chief immunologist, in moves that may appeal to the right, but not advertisers.
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Business
Ordinary Investors Who Jumped Into Crypto Are Saying: Now What?
Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.