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Reade Pickert

MARKETS JUMP: The S&P 500 Index rallied to an eight-week high, the Dow Jones Industrial Average jumped 400 points and the Nasdaq 100 Index added more than 2.5 percent after the Fed said it will be “patient” on future interest-rate moves and signaled flexibility on the path for reducing its balance sheet. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. stocks soar, dollar sinks after Fed decision

NEW YORK - United States stocks surged and the dollar tumbled after the Federal Reserve signaled a stark dovish turn in its latest policy statement.The...
UNITED STATES millionaires lag behind the global average in environmental, social and corporate governance-related investments. / BLOOMBERG NEWS

Rich Americans are last in sustainable investing, UBS says

NEW YORK - American millionaires are lagging behind wealthy counterparts elsewhere when it comes to sustainable investing.United States investors ranked last among those surveyed in...
THE TREASURY DEPARTMENT released a report that said that the United States budget deficit has increased 16 percent in the first three quarters of Donald Trump's first full fiscal year as president. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget deficit jumps in first nine months of fiscal year

NEW YORK - The United States budget deficit widened by 16 percent to $607 billion three-quarters of the way through Donald Trump’s first full...
CONCERNS OF A TRADE was weakened consumer sentiment in the latter part of June, according to a University of Michigan survey. / BLOOMBERG

U.S. consumer sentiment weaker than forecast on tariffs

NEW YORK - Consumer sentiment weakened in the latter part of June on concerns about the economic impact of a trade war, according to...
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