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| The week in financial markets: Fed going higher, mortgages holding Mortgages and housing continue to dodge Fed bullets. The 10-year T-note is steady near 2.95%, which holds 30-fixed mortgages near 4.75%. First the data, then the Fed. The first Friday of each month brings the data-gorilla: job market results from the immediately prior month. April payrolls grew by ...
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| Tesla CEO Elon Musk doubles down on 'boneheaded' analyst questions in series of tweets That one came from RBC Capital Markets analyst Joseph Spak, who asked about the percentage of Model 3 reservations that the company had started to configure. Musk then announced that he was "going to go to YouTube" and take questions from a blogger there who had previously gotten Musk's ...
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| FN Weekend: The Very Best of Financial News PS: REMINDER On May 15, FN will host its annual awards to celebrate the success stories of trading and technology firms operating in, and supporting, financial markets over the past year. The nominees in all 19 categories can be found here. To book a table at the event, please complete this form or ...
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| Warren Buffett says he is not looking to buy General Electric Warren Buffett told CNBC he is not looking to buy all or part of General Electric. "That's not the case. If that was the case, I wouldn't be talking about it anyway," Buffett told CNBC's Becky Quick in an interviewthat aired Friday on "Squawk Box." Unsubstantiated reports in March that some big investors were ...
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| Economic Surveys Are a Danger to Markets Surveys or opinions of economic activity, otherwise known as "soft data," worked very well in predicting the economy for decades. But starting in the mid-1990s, and especially following the financial crisis, these surveys have become hostage to "bandwagon biases" due to the growing influence of ...
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