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Getty Images For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising prices, according to Hippo Insurance’s 2022 Homeowner Preparedness Report. And 43% either strongly (14%) or
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Shares in Asia followed Wall Street lower after the UK and Switzerland raised interest rates, adding to concerns that tighter monetary policies from central banks could undercut a global economic recovery. Japan’s benchmark Topix index and Australia’s S&P/ASX 200 both shed 2 per cent, while South Korea’s Kospi fell 1.7 per cent. China’s CSI 300
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Receding trade and growth worries, and rising geopolitical uncertainties have sent aerospace & defense stocks higher. IShares U.S. Aerospace & Defense ETF: https://www.zacks.com/funds/etf/ITA/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P Aerospace & Defense ETF: https://www.zacks.com/funds/etf/XAR/profile?cid=CS-YOUTUBE-FT-VID Invesco Aerospace & Defense ETF: https://www.zacks.com/funds/etf/PPA/profile?cid=CS-YOUTUBE-FT-VID Boeing: https://www.zacks.com/stock/quote/BA?cid=CS-YOUTUBE-FT-VID Lockheed Martin: https://www.zacks.com/stock/quote/LMT?cid=CS-YOUTUBE-FT-VID United Technologies: https://www.zacks.com/stock/quote/BA?cid=CS-YOUTUBE-FT-VID Raytheon: https://www.zacks.com/stock/quote/RTN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter:
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The former chief administrative officer of Johnson City, Texas falsified financial statements and misled investors in an attempt to hide his ongoing embezzlement of city funds, the Securities and Exchange Commission alleged Thursday. Michael Anthony Holland, who was also Johnson City’s secretary, stole $1.12 million from the city between 2015 and 2020, using the money
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Municipals took a backseat as the Federal Open Market Committee announced its decision to implement a three-quarter point rate hike while U.S. Treasuries rallied into late afternoon following the news. Equities rallied. The move, prompted partly by hotter-than-expected inflation data Friday, is the largest rate hike since 1994. “Investors appear encouraged that the FOMC is
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The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday in an effort to quell runaway inflation. “The motivation for all of this is that prices are going up,” said Chester Spatt, a professor of finance at Carnegie Mellon
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