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What the Fed’s interest rate hike means for the housing market: ‘That is good news for mortgage rates’

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Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street

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Ron DeSantis pushes permanent Florida sales-tax exemption for gas stoves

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Biden’s State of the Union: 5 key challenges for the president as he delivers his speech

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This is how the super-rich retire

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‘The Last of Us’ in real life? Rising temperatures may be spreading fungal infections, research says.


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The $100 billion Facebook rebound: Meta stock set for best day since 2013

Lazard stock pops on growing macroeconomic optimism, stronger-than-expected revenue

Lazard Ltd LAZ stock is up nearly 5% after the investment bank said it’s more optimistic about macroeconomic conditions; it also beat its fourth-quarter revenue target but missed on adjusted profit. “Although the near-term outlook remains uncertain, we are cautiously optimistic regarding an improvement in the macroeconomic environment going into the second half of this year,” CEO Kenneth Marc Jacobs said on a call with analysts. Recent data shows that price increases are beginning to moderate, he said. “Since the beginning of the year, we’ve noted an increase in M&A dialogue while market sentiment seems to be improving.” Jacobs said that as the M&A market picks up, “we are well-positioned to capitalize on the recovery and gain market share.” The bank’s fourth-quarter net income dropped by 80% to $42 million, or 44 cents a share, from $210 million, or $1.86 a share, in the year-ago quarter. Adjusted profit fell to 69 cents a share from $1.92 a share and missed the estimate of 80 cents a share in a survey of analysts by FactSet. Lazard’s fourth-quarter revenue fell 31% to $671 million, but beat the Wall Street target of $670 million.

Why NFTs saw $941 million in trading volume in January – the highest since June 2022

‘It’s payback time.’ U.S. stocks have been a no-brainer moneymaker for years — but those days are over.

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Pence house in Indiana to be searched by FBI for additional classified material

Sarah Huckabee Sanders will give Republican response to Biden’s State of the Union address

Arkansas Gov. Sarah Huckabee Sanders will give the Republican response to President Joe Biden’s State of the Union address, House Speaker Kevin McCarthy announced on Thursday. Sanders, a former White House press secretary in the Trump administration, took office in January and said in a statement: “I am grateful for this opportunity to address the nation and contrast the GOP’s optimistic vision for the future against the failures of President Biden and the Democrats.”

European bond yields tumble on expectations peak rates near despite ECB pledge on further hikes

McConnell ousts Senate Republicans Rick Scott and Mike Lee from Commerce Committee. Both opposed McConnell’s continued leadership.