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Without admitting or denying the findings in the SEC's orders, the two affiliates agreed to pay more than $151 million in combined civil penalties and voluntary payments to investors to resolve four of the actions. "JP Morgan's conduct across multiple business lines violated various laws designed to protect investors from the risks of self-dealing and…

The U.S. economy grew at a rate of 2.8% in the third quarter of 2024, according to Bureau of Economic Analysis statistics released Wednesday. The U.S. Federal Reserve announced on Sept. 18 that it was cutting its federal funds rate target range by 0.50% in an attempt to boost economic growth and GDP. The unemployment rate dropped to 4.1% in September, and the U.S….

During his presentation at Old Barn Restaurant& Grill, 3075 W. Elm St, Morgan spoke about the state of the current economy, unemployment, federal debt and housing during a session Thursday sponsored by Citizens National Bank. Morgan assumes the Federal Reserve will continue to ease monetary policy, wars will not restrict trade, unemployment rates will stay below…

The High Point jobless level dropped from 5.3% in August to 3.9% in September, the U.S. Bureau of Labor Statistics reported Wednesday. The Federal Reserve Board is expected to cut interest rates another quarter point in the near future as national indicators keep showing inflation nearing the Fed’ s target of 2%, McCully told The High Point Enterprise.

The average rate on a 30- year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August. The rate rose to 6.72% from 6.54% last week, mortgage buyer Freddie Mac said Thursday. That can move the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans.

–The S&P 500 has been fairly noisy during the month of October, as we continue to see a lot of buyers, but we also see a lot of questions asked about the idea of interest rate spiking in the bond market despite the fact that the Federal Reserve has cut interest rates by 50 basis points recently.– All things being equal, this is a market that I think continues to see buyers…

Still, a recent Cardrates survey reveals 70 percent of Americans think the U.S. is becoming a cashless society. The Investment Company Institute says retail investors' assets in money market funds have grown $951 billion since 2022. Meanwhile, just one day before U.S. Federal Reserve Chair Jerome Powell's historic call to cut, the ICI Money Market Funds report…

The Labor Department reported Thursday that jobless claim applications fell by 12,000 to 216,000 for the week of Oct. 26. Weekly applications for jobless benefits are considered a proxy for U.S. layoffs. In response to weakening employment data and receding consumer prices, the Federal Reserve cut its benchmark interest rate in September by a half of a…

WASHINGTON- Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. So just as voters, politicians and Federal Reserve officials are looking for a clear read on the economy, they instead will get a…

sfix-20241030 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14 A INFORMATION Proxy Statement Pursuant to Section 14 of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the…

And the same is true about which party controlled Congress. While it might be an overstatement to say that decisions made in Washington have no effect on the markets, it's not always so easy to draw a direct line between what happens there and how the markets perform. For example, the Federal Reserve, which controls short-term interest rates, can certainly affect…

Reference is made to Prudential Financial, Inc.' s filings with the Securities and Exchange Commission for general information and consolidated financial information. All financial information in this document is unaudited. Income attributable to Prudential Financial, Inc..

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But those who are still deciding between the two main candidates– Democrat Kamala Harris and Republican Donald Trump– have until Nov. 5 to wade through various myths and exaggerations to understand the state of the economy and each candidate's record on related issues. What is the state of inflation in the U.S.? The Federal Reserve cut its key interest rate by half…

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The following financial supplement is provided to assist in your understanding of Arch Capital Group Ltd. and its subsidiaries. It should be read in conjunction with documents filed by Arch with the U.S. Securities and Exchange Commission, including the most recent Annual Report on Form 10- K and the Quarterly Reports on Form 10- Q. Please refer to the…

It should be read in conjunction with the documents that the Company files with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934.. AXIS Capital Holdings Limited's underwriting operations are organized around its global underwriting platforms, AXIS Insurance and AXIS Re.

Let’ s get this out of the way quickly, everything I may say in the following article could be proven to be wrong, but history tells us the U.S financial markets and global assets will react strongly to the outcome of the U.S election next week. While some may simply brush this away and claim it is because of nervousness surrounding the U.S Federal Reserve and what…