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Politics

Goldman Sachs, Lyft, Mind Medicine and more

Goldman Sachs (GS), Morgan Stanley (MS), Bank of America (BAC), Citigroup (C): Wall Street banks were hit with $1.8 billion in fines Tuesday tied to probes into how the firms failed to monitor employee use of unauthorized messaging apps. The Securities and Exchange Commission announced 16 firms, including Goldman Sachs, Citigroup, Bank of…
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Pound rate today live: Bank of England pledges ‘significant’ response to market turmoil

‘Don’t forget, don’t forgive’: Keir Starmer calls to oust Tory governmentThe historic slump in the pound’s value will likely “require a significant monetary policy response”, the Bank of England’s chief economist has said, as he sought to reassure markets spooked by chancellor Kwasi Kwarteng’s tax-cutting mini-Budget.The Bank of England warned…
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Uncertain Economic Times Could Have Political Impact

BUFFALO, N.Y. — The Federal Reserve has raised its interest rate five times. Last week, for the third consecutive time, the hike was three-quarters of a point. At the same time, the Fed chair admitted he's not sure if the central bank's actions will help the U.S. avoid a significant recession. SUNY economist Fred Floss said it wasn't so much…
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The Smearing of Matt Gaetz

The New York Times reported last year, according to three sources "briefed on the matter," that the Justice Department was investigating Trump darling Matt Gaetz for sex-trafficking a 17-year-old girl. Big if true.  House Speaker Nancy Pelosi mused that, if the allegations were true, Gaetz should be removed from the House Judiciary Committee.…
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