The Fed’s $4 Trillion Lifeline Never Materialized. Here’s Why.

The Federal Reserve was meant to take $454 billion and drastically expand it. So far, it has lent $20 billion.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-aid-us, #federal-budget-us, #federal-reserve-system, #house-of-representatives, #interest-rates, #local-government, #mnuchin-steven-t, #regulation-and-deregulation-of-industry, #senate, #stocks-and-bonds, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Marching Orders for the Next Investment Chief of CalPERS: More Private Equity

The nation’s biggest public pension fund is consistently short of the billions of dollars it needs to pay all retirees their pensions. It seeks higher returns.

#california, #california-public-employees-retirement-system, #interest-rates, #meng-ben, #pensions-and-retirement-plans, #private-equity, #states-us, #stocks-and-bonds

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For Long-Term Investors, Small Things Like Presidential Elections Don’t Matter

There is heartbreak almost everywhere you look, our columnist says, but the stock market usually rises anyway.

#amazon-com-inc, #coronavirus-2019-ncov, #corporate-taxes, #democratic-party, #dimensional-fund-advisors, #exxon-mobil-corp, #federal-taxes-us, #high-net-worth-individuals, #infrastructure-public-works, #oil-petroleum-and-gasoline, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #republican-party, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

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BTS Management’s Stock Soars on First Day of Trading

Shares in Big Hit, the company behind the K-pop phenomenon, opened at more than double the offering price, then jumped 30 percent in early trading before finishing down on the day.

#bts-music-group, #initial-public-offerings, #k-pop, #music, #south-korea, #stocks-and-bonds

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As Coronavirus Spread, Reports of Trump Administration’s Private Briefings Fueled Stock Sell-Off

A hedge fund consultant’s summary of private presentations by White House economic advisers fanned investor worries.

#appaloosa-management, #callanan-william-francis, #coronavirus-2019-ncov, #hoover-institution, #kudlow-lawrence-a, #national-economic-council-us, #navarro-peter, #philipson-tomas-j, #stocks-and-bonds, #tepper-david-a, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #white-house-council-of-economic-advisers

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As Virus Spread Early On, Reports of Trump Administration Briefings Fueled Sell-Off

A hedge fund consultant’s summary of private presentations by White House economic advisers fanned investor worries.

#appaloosa-management, #callanan-william, #coronavirus-2019-ncov, #hoover-institution, #kudlow-lawrence-a, #national-economic-council-us, #navarro-peter, #philipson-tomas-j, #stocks-and-bonds, #tepper-david-a, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #white-house-council-of-economic-advisers

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How to Hold Onto Your Money, Wherever the Market Takes You

Crises abound, yet stocks have generated strong returns. Investors had better be ready for anything.

#exchange-traded-funds, #income, #interest-rates, #money-market-accounts, #mutual-funds, #standardpoors-500-stock-index, #stocks-and-bonds

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Finding the Right Path in an Up-and-Down Market

Does the latest twist herald the end of a bull run or the beginning of a shift toward long-neglected niches?

#american-express-company, #banking-and-financial-institutions, #blackrock-inc, #chegg-inc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #goldman-sachs-group-inc, #inflation-economics, #intercontinental-exchange-inc, #interest-rates, #lazard-llc, #leuthold-group, #medtronic-inc, #nasdaq-composite-index, #netflix-inc, #recession-and-depression, #roku, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government, #vanguard-group-inc

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How to Use Your Heart and Head to Hack Your Personal Finance

Yes, you need to do some math if you want to handle your finances well. But don’t forget your heart. Two new books show you how to use both.

#books-and-literature, #consumer-behavior, #content-type-service, #housel-morgan, #money-hacks-275-ways-to-decrease-spending-increase-savings-and-make-your-money-work-for-you-book, #personal-finances, #rowan-lisa-journalist, #savings, #stocks-and-bonds, #the-psychology-of-money-timeless-lessons-on-wealth-greed-and-happiness-book

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Wait, Wall Street Is Pro-Biden Now?

Investors are warming to the possibility of a “blue wave” as Joseph R. Biden Jr. rises in the polls and the chances of a contested election diminish.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #house-of-representatives, #jpmorgan-chasecompany, #powell-jerome-h, #presidential-election-of-2020, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #trump-donald-j, #united-states-economy

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Stock Markets Fall After Trump’s Positive Virus Test

The president’s disclosure meant extra worry. One expert said: “It’s just par for the course this year.”

#coronavirus-2019-ncov, #economic-conditions-and-trends, #presidential-election-of-2020, #stocks-and-bonds, #trump-coronavirus-positive-result, #trump-donald-j

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Tokyo Stock Exchange Glitch Brings Trading to a Halt

The exchange’s operator said the problem stemmed from a system that reports market data, but it did not say when buying and selling would resume.

#japan, #stocks-and-bonds, #tokyo-stock-exchange

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Palantir Shares Up in Wall Street Debut

The Silicon Valley company leads a wave of tech outfits hoping to test the public markets in the busiest season for I.P.O.s in two decades.

#computers-and-the-internet, #initial-public-offerings, #karp-alex, #new-york-stock-exchange, #palantir-technologies, #snowflake-inc, #stocks-and-bonds, #thiel-peter-a

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As the Election Looms, Investors See Uncertainty. They Don’t Like It.

The stock market has been on a tear for much of 2020, but there is now more volatility as investors worry about the outcome of the presidential vote.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #house-of-representatives, #presidential-election-of-2020, #senate, #standardpoors-500-stock-index, #stocks-and-bonds, #supreme-court-us, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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U.S. Household Wealth Rose Before the Pandemic, but Inequality Persisted

A Federal Reserve survey of family finances shows that inequality was high last year. It’s likely to worsen because of the pandemic.

#black-people, #coronavirus-2019-ncov, #families-and-family-life, #federal-reserve-system, #hispanic-americans, #income, #income-inequality, #labor-and-jobs, #recession-and-depression, #stocks-and-bonds, #unemployment, #united-states-economy, #wages-and-salaries

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Elon Musk Promises to Make a $25,000 Tesla (in 3 Years)

Tesla said it was working on advances that would lower the cost of batteries and increase their capacity to store energy.

#automobiles, #batteries, #electric-and-hybrid-vehicles, #fremont-calif, #musk-elon, #stocks-and-bonds, #tesla-motors-inc

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TikTok Deal with Oracle, Walmart Trips Over U.S.-China Feud

Companies involved in a deal to resolve TikTok’s future publicly clashed over the arrangement, while President Trump threatened to block any deal that left the service in Chinese hands.

#beijing-bytedance-technology-co-ltd, #china, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #mobile-applications, #oracle-corporation, #politics-and-government, #social-media, #stocks-and-bonds, #tiktok-bytedance, #trump-donald-j, #united-states-politics-and-government

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Trevor Milton of Nikola Resigns Amid Fraud Claims

Trevor Milton, founder and executive chairman of Nikola, resigned after an investment fund accused him of making false assertions about the company’s technology.

#appointments-and-executive-changes, #automobiles, #general-motors, #milton-trevor, #securities-and-exchange-commission, #short-selling, #stocks-and-bonds

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Is the Stock Market Rooting for Trump or Biden?

Neither. Wall Street is not as partisan as you think.

#presidential-election-of-2020, #stocks-and-bonds, #united-states-economy

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Snowflake More Than Doubles in Debut as Wall Street Embraces Tech IPOs

The data storage company is among several prominent start-ups going public this year as the tech industry thrives in the pandemic.

#company-reports, #data-storage, #initial-public-offerings, #snowflake, #software, #start-ups, #stocks-and-bonds, #venture-capital

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Diversity Push Barely Budges Corporate Boards to 12.5%, Survey Finds

Despite pledges to nominate more members of underrepresented ethnic and racial groups, companies have made little progress over the last five years.

#black-people, #boards-of-directors, #california, #hiring-and-promotion, #hispanic-americans, #minorities, #pizarro-pedro-j, #race-and-ethnicity, #stocks-and-bonds, #united-states, #west-tony-1965, #whites

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TikTok’s Proposed Deal Seeks to Mollify U.S. and China

The Chinese-owned app designed a compromise to satisfy U.S. security concerns. The terms are now under review by the Trump administration.

#china, #computer-security, #computers-and-the-internet, #executive-orders-and-memorandums, #international-trade-and-world-market, #mergers-acquisitions-and-divestitures, #oracle-corporation, #social-media, #stocks-and-bonds, #tiktok-bytedance, #treasury-department, #united-states-international-relations, #united-states-politics-and-government

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Teen Stock Trading Seems Dangerous. It Doesn’t Have to Be.

Gunslinging young investors are making stock ownership seem like a terrible idea for novices. But owning equities, with limits and guardrails, can teach kids plenty.

#children-and-childhood, #content-type-service, #personal-finances, #robinhood-financial-llc, #stocks-and-bonds

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Wall Street Has Its Worst Day in Months

The S&P 500 dropped 3.5 percent on Thursday, the biggest single-day fall since June 11, as big tech companies weighed on it heavily.

#alphabet-inc, #amazon-com-inc, #apple-inc, #coronavirus-2019-ncov, #google-inc, #microsoft-corp, #nasdaq-composite-index, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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Samsung’s J.Y. Lee Faces New Charges

Lee Jae-yong stands accused of stock price manipulation and other offenses as he sought to tighten his control over the major corporate empire.

#decisions-and-verdicts, #lee-jae-yong-1968, #mergers-acquisitions-and-divestitures, #samsung-electronics-co, #samsung-group, #securities-and-commodities-violations, #stocks-and-bonds

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The Week in Business: Steve Bannon Charged With Fraud

The stock market hit a record high, unemployment claims rose again, and the office might not be dead after all.

#science-and-technology, #stocks-and-bonds, #united-states-economy

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Electric Vehicle Makers Find a Back Door to Wall Street

Special purpose acquisition companies, or SPACs, are helping them and other fledgling companies raise money and gain coveted stock listings.

#ackman-william-a, #automobiles, #banking-and-financial-institutions, #electric-and-hybrid-vehicles, #initial-public-offerings, #lordstown-ohio, #lordstown-motors, #mergers-acquisitions-and-divestitures, #start-ups, #stocks-and-bonds, #tesla-motors-inc, #trucks-and-trucking

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Stocks Are Soaring. So Is Misery.

Optimism about Apple’s future profits won’t pay this month’s rent.

#coronavirus-aid-relief-and-economic-security-act-2020, #recession-and-depression, #stimulus-economic, #stocks-and-bonds, #unemployment-insurance, #united-states-economy

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Apple Is Worth $2 Trillion, Punctuating Big Tech’s Grip

Apple is the first U.S. company to reach $2 trillion in value, capping a staggering ascent that began in the pandemic.

#alphabet-inc, #amazon-com-inc, #apple-inc, #computers-and-the-internet, #cook-timothy-d, #coronavirus-2019-ncov, #facebook-inc, #google-inc, #iphone, #microsoft-corp, #mobile-applications, #stock-buybacks, #stocks-and-bonds

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Big Tech’s Domination of Business Reaches New Heights

As the economy contracts and many companies struggle to survive, the biggest tech companies are amassing wealth and influence in ways unseen in decades.

#alphabet-inc, #amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #cloud-computing, #computers-and-the-internet, #coronavirus-2019-ncov, #data-mining-and-database-marketing, #e-commerce, #facebook-inc, #google-inc, #microsoft-corp, #regulation-and-deregulation-of-industry, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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S&P 500 at Record as Stock Market Defies Economic Devastation

Investors have cast the nearly relentless drumbeat of bad news aside to focus on any signs that the worst of the coronavirus pandemic might be over.

#amazon-com-inc, #apple-inc, #dow-jones-stock-average, #federal-reserve-system, #microsoft-corp, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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America’s Retirement Race Gap, and Ideas for Closing It

Scholars and policymakers have proposed ways to fix the inequities between whites and people of color, including changes to Social Security and building wealth from birth.

#baby-bonds, #black-people, #center-for-retirement-research-at-boston-college, #discrimination, #hamilton-darrick, #hispanic-americans, #income-inequality, #kijakazi-kilolo, #labor-and-jobs, #longevity, #pensions-and-retirement-plans, #retirement, #social-security-us, #stocks-and-bonds

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SoftBank Claws Back Into the Black After Historic Losses

Asset sales and a hot stock market have helped fuel a rebound for the beleaguered Japanese conglomerate, which runs the world’s largest tech fund.

#coronavirus-2019-ncov, #japan, #softbank-corporation, #son-masayoshi, #stocks-and-bonds

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Profits Rebound at Warren Buffett’s Berkshire Hathaway

Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.

#apple-inc, #automobile-insurance-and-liability, #bank-of-america-corporation, #berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #geico-government-employees-insurance-co, #stocks-and-bonds, #united-states-economy

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Major U.S. Health Insurers Report Big Profits, Benefiting From the Pandemic

Consumers are probably entitled to millions of dollars in rebates under Obamacare rules that cap companies’ profits.

#aetna-inc, #anthem-inc, #blue-cross-and-blue-shield-assn, #cigna-corporation, #company-reports, #coronavirus-2019-ncov, #customer-relations, #cvs-caremark-corporation, #finances, #health-and-human-services-department, #health-insurance-and-managed-care, #hospitals, #patient-protection-and-affordable-care-act-2010, #presidential-election-of-2020, #rebates-and-refunds, #stocks-and-bonds, #united-states-politics-and-government, #unitedhealth-group-inc, #your-feed-healthcare

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Kodak C.E.O. Got Stock Options Day Before News of Loan Sent Stock Soaring

The stock options suddenly were worth about $50 million — the latest instance of extraordinary good timing by corporate executives.

#continenza-jim, #drugs-pharmaceuticals, #eastman-kodak-company, #executive-compensation, #federal-aid-us, #stock-options-and-purchase-plans, #stocks-and-bonds, #united-states-politics-and-government

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Can’t Afford a Birkin Bag or a Racehorse? You Can Invest in One

Interest in fractional investments has grown as the pandemic has forced more people to spend time at home, but advisers say the strategy has risks.

#birkin-bag, #coronavirus-2019-ncov, #handbags-and-purses, #high-net-worth-individuals, #horse-racing, #horses, #initial-public-offerings, #luxury-goods-and-services, #personal-finances, #stocks-and-bonds

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3 Post-Coronavirus Economic Reforms to Make the World Better

The crisis could be a catalyst for overhauling the economic world order.

#coronavirus-2019-ncov, #income-inequality, #stocks-and-bonds, #united-states-economy

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European Markets Offering an Alternative to the S&P 500

European stocks have been unloved by investors for years. Now, as the euro soars, they offer an alternative to the S&P 500.

#coronavirus-2019-ncov, #currency, #euro-currency, #europe, #futures-and-options-trading, #standardpoors-500-stock-index, #stocks-and-bonds, #stoxx-600, #united-states, #us-dollar-currency

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The Economy Is in Record Decline, but Not for the Tech Giants

Even though the tech industry’s four biggest companies were stung by a slowdown in spending, they reported a combined $28 billion in profits on Thursday.

#alphabet-inc, #amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #facebook-inc, #online-advertising, #social-media, #stocks-and-bonds, #united-states-economy

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As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little

Some corporate bosses offered to cut their pay, but most did not. Those who did gave up less than 10 percent of what they received last year.

#bonuses, #coronavirus-2019-ncov, #corporations, #executive-compensation, #labor-and-jobs, #layoffs-and-job-reductions, #stocks-and-bonds, #united-states, #wages-and-salaries

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New Gold Rush Pushes Price to Record Highs

Prices are up 27 percent this year, as the Fed’s policies drive investors to hold more gold.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #currency, #federal-reserve-system, #gold, #inflation-economics, #interest-rates, #stocks-and-bonds, #united-states-economy, #us-dollar-currency, #world-gold-council

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #government-bonds, #hedge-funds, #mnuchin-steven-t, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stocks-and-bonds, #treasury-department, #united-states-economy, #united-states-politics-and-government

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Australian Student Files Climate Change Lawsuit Against Government

A 23-year-old law student filed a class-action suit accusing Australia of failing to disclose financial risks from climate change. Experts say it is the first of its kind.

#australia, #global-warming, #stocks-and-bonds, #suits-and-litigation-civil

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Tesla Turns a Profit in a Pandemic-Squeezed Quarter

The result was achieved “despite tremendous difficulties,” said the chief executive, Elon Musk, including a plant shutdown and lower sales.

#company-reports, #electric-and-hybrid-vehicles, #executive-compensation, #musk-elon, #stocks-and-bonds, #tesla-motors-inc

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Froth Returns to China’s Stock Market, Echoing the 2015 Crisis

Chinese stocks are surging. Foreign investors have rushed in. University graduates and factory workers are opening up trading accounts. Is disaster on the horizon?

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #foreign-investments, #freedom-of-the-press, #politics-and-government, #regulation-and-deregulation-of-industry, #stocks-and-bonds

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Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.

#chevron-corporation, #company-reports, #coronavirus-2019-ncov, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #wirth-michael-k

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Businesses Are Supposed to Cut Debt in a Downturn. Why Not Now?

The Federal Reserve’s efforts to stabilize markets have touched off an even bigger borrowing binge than corporate America was already on.

#abercrombiefitch-co, #banking-and-financial-institutions, #citigroup-inc, #credit-and-debt, #expedia-inc, #federal-reserve-system, #jpmorgan-chasecompany, #live-nation-entertainment-inc, #recession-and-depression, #stocks-and-bonds, #united-states-economy

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