CNBC’s Jim Cramer said Wednesday that investors do not need to make major changes to their strategy as a result of Federal Reserve Chairman Jerome Powell‘s closely watched news conference. “Arguably, you don’t need to do a thing,” the “Mad Money” host said after parsing through Powell’s comments earlier in the day and the updated
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Bill Gates’ annual summer reading list has a theme for 2021: “the complicated relationship between humanity and nature,” he writes in a blog post announcing the list, released Monday. “Maybe it’s because everyone’s lives have been upended by a virus,” Gates writes. “Or maybe it’s because I’ve spent the last couple months talking about what
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The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs the economic recovery is well underway. But it’s clear rates won’t stay near rock-bottom forever. Recent data showing higher consumer prices and lower unemployment will pave the way for unwinding last year’s bond buying and near-zero interest rates. “Being 7.8 million jobs
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A general view of the National Football League Players Association logo during the NFLPA press conference on January 30, 2020 at the Miami Beach Convention Center in Miami Beack, FL. Rich Graessle | Icon Sportswire | Getty Images Private investment firm RedBird Capital wants to unload its 40% stake in OneTeam Partners, a firm mainly
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Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that he’s paying close attention to the Federal Reserve’s policy meeting this week in light of recent economic data showing higher consumer prices. “If they treat these numbers — which were material events, they were very material — if they treat them with nonchalance, I
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