Hassett likely to be Trump’s pick for Fed chief, though Warsh is more qualified, CNBC survey finds

Hassett likely to be Trump’s pick for Fed chief, though Warsh is more qualified, CNBC survey finds

White House economic adviser Kevin Hassett speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025.  Leah Millis | Reuters President Donald Trump will tap his top economic advisor Kevin Hassett to be the next Federal Reserve chair, according to respondents to a…

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Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the…

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Robert Duval, ‘Godfather’ mainstay, dead at 95

Robert Duval, ‘Godfather’ mainstay, dead at 95

Robert Duvall, the Oscar-winning actor of matchless versatility and dedication whose classic roles included the intrepid consigliere of the first two “Godfather” movies and the over-the-hill country music singer in “Tender Mercies,” has died at age 95. Duvall died “peacefully” at his home Sunday in Middleburg, Virginia, according to an announcement from his publicist and from a statement…

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Buy puts in weak stocks

Buy puts in weak stocks

Goldman Sachs is recommending investors consider buying puts on a basket of companies with weak fundamentals as a way to hedge against a potential market pullback. “We see rising investor interest in hedging near-term drawdown risks given equity markets are near all-time highs,” strategists wrote in a note to clients Wednesday. “While the options market…

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