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Goldman Sachs, JPMorgan profits surge in Q1

Trading helped drive results

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U.S. consumer prices jump 0.6% in March, biggest gain since 2012

Economists expect further price gains in coming months

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U.S. will reopen to a “different economy,” Fed’s Powell says

Speaking to the IMF, Powell said vaccinations and rapid rehiring signal the U.S. will fully reopen soon

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Eager to build infrastructure, Biden plans to tax business

The American president's plan includes hiking the corporate rate to 28% from 21%

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Global banks warn of possible losses from hedge fund default

News reports identified the hedge fund as New York-based Archegos Capital Management

FINRA sees surge in ‘instant funds’ scams

Social media–driven trading fuels spike in U.S. brokerage fraud

U.S. consumer spending dropped 1% in February

Consumers' spending and personal incomes both fell sharply

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Powell compares Fed’s pandemic response to Dunkirk

The Fed chairman recently reflected on the central bank's pandemic response in an NPR interview

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Evaluating global stocks as the recovery takes hold

The U.S. and Asia offer more upside than Europe, PM says

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Yellen sees room for U.S. to borrow, opens door to tax hike

Low interest rates have changed the Treasury secretary's views on federal debt