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Our fragile mental health is the hidden threat to the economic recovery
Breadcrumb Trail Links News Economy Kevin Carmichael: If country’s workforce is coping with low-grade PTSD, there aren’t any simple levers…
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America’s young people need jobs. The federal government should pay for them.
It’s hard to get a foothold in the labor market when it is crumbling beneath your feet. Young people just…
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Income and Spending Gains Are Latest Sign of Economic Recovery
Personal income was up a remarkable 10 percent in January, the Commerce Department reported on Friday, but the increase was…
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Barclays ECM exec Febrer-Bowen lands new role weeks after retirement
The former head of continental European equity capital markets at Barclays has secured a new role leading corporate development at…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
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With racial equity on America’s agenda, how inclusive were metro areas in the past decade?
Two of 2020’s headline events—the onset of the COVID-19 pandemic and its highly uneven impacts by race as well as…
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Jobless claims show sharp drop last week though labor market remains challenged
Jobless claims fell sharply last week despite brutal winter storms that swept across Texas and other parts of the South,…
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Jefferies backtracks on staff jab plan after memo demanded ‘verification of vaccination’
US investment bank Jefferies has backtracked on a policy that would have required all of its staff to receive a…
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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might…
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Amid Shortfalls, Biden Signs Executive Order to Bolster Critical Supply Chains
WASHINGTON — Automakers have been forced to halt production because of a lack of computer chips. Health care workers battling…
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Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
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Citi’s Leo Arduini: ‘European players are back big time’
Leo Arduini was skiing in Italy last February when he realised just how much of a threat Covid-19 would pose…
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Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
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Mandatory gender pay gap reporting to restart from October
Companies will have to resume reporting their gender pay gap reporting from October 2021, the Equality and Human Rights Commission…
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COVID-weary Canada should brace for ‘worst wave of them all’ in April
Breadcrumb Trail Links News Economy Episode 90 of Down to Business podcast Author of the article: Gabriel Friedman Publishing date:…
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HSBC’s top investment banker bonuses fall by 11% as job cuts take hold
HSBC cut bonuses to its top investment bankers by 11% last year, but nearly doubled redundancy payouts for executives in the…
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Neil Woodford’s comeback doomed from the start as ‘misled’ investors balk
Neil Woodford has had plenty of time to consider his options following the spectacular implosion of his business just 16…
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BMO, Scotiabank see economic winds favouring U.S. amid speedier vaccine rollout
Breadcrumb Trail Links News Economy Canada’s recovery may lag its southern neighbour by up to six months Author of the…
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Powell Focuses on Economic Need at Key Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
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Inflation fears take back seat as Bank of Canada puts focus on jobs recovery
Article content Tiff Macklem’s Bank of Canada is toying with letting the economy run hotter than would have been thought…
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Roadmap to lift UK’s third lockdown: Here’s the timeline plus what you can and can’t do
Prime Minister Boris Johnson has set out plans to “cautiously but irreversibly” lift the UK out of its third national lockdown,…
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‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
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Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
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Women in Economics Face Hostility When Presenting Research
A few years ago, the economists Alicia Sasser Modestino and Justin Wolfers sat at the back of a professional conference…
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What the Bond Market Is Telling Us About the Biden Economy
What is happening is known as a “steepening of the yield curve,” with long-term rates rising as short-term rates hold…
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Signal sees ‘record pace’ of new users as WhatsApp goes ahead with controversial privacy update
New users are flocking to the encrypted messaging app Signal “at a record pace”, as WhatsApp pushes forward with a controversial…
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HSBC overhauls debt capital markets as Gabizon exits after 35 years
HSBC has installed new leaders in its European debt capital markets business as one of its senior dealmakers in France…
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Billionaire fund manager Alan Howard takes stake in British bitcoin startup
Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…
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Former Fidessa chair joins PwC spin-out
John Hamer, the former chief executive and chairman of trading software giant Fidessa, has joined LikeZero as the fintech firm’s new chair. LikeZero,…
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Should the Feds Guarantee You a Job?
What should the president do about jobs? For 30 years, Democratic administrations have approached the question by focusing on the…
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Invesco tops ‘dog funds’ list for sixth time
Invesco has topped a twice-yearly list of worst-performing investment funds for the sixth time running, with almost a dozen of…
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TransferWise rebrands as ‘Wise’ in banking shift to challenge Revolut
TransferWise, one of the UK’s early fintech success stories, is shifting its focus towards digital banking in a move that…
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‘This is not inflation’: Economist says expectations are unanchored from reality
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Inflation expectations are detaching…
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With techies fleeing the coasts, America’s heartland has a shot at economic revival—if we save its higher education institutions
Before the COVID-19 pandemic hit, Brookings and others were warning about the increasing concentration of economic activity—particularly the tech economy—in…
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Retail sales burst higher in January as consumers use stimulus checks to spend heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster…
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Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans
People count money at Macy’s Herald Square store in New York. Andrew Kelly | Reuters Total consumer debt rose to…
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Three ways the Biden administration can promote economic security for Black Americans
Over the past year, two issues have erupted into the national consciousness: jobs and racial justice. As a result of…
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Nearly 1,500 EU-based financial services firms seek permission to operate in the UK
Almost 1,500 financial services firms based in the European Union have applied for permission to operate in the UK, according to…
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UK to review Covid certificates in a move towards reopening venues
The UK government will conduct a review into the potential role of Covid-status certification in helping venues reopen safely as…
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To save Iraq from economic collapse and fight ISIS, contain Iran’s proxies
The day after President Biden was inaugurated, Baghdad was hit by two suicide bombers who, in macabre fashion, killed at…
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City of London to halt the removal of slavery-era statue
The removal of a statue depicting a former London lord mayor from the 18th century has been halted, after a…
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How Biden can succeed on infrastructure where Trump did not
Washington, D.C. is developing a tradition: With the start of a new administration comes grand promises of federal solutions to…
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