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Wall Street Dreads Biden-Trump Rematch

The finance set wants a business-friendly challenger to emerge and shake up the 2024 race. “Everybody is hoping for a miracle.”

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Pay down your mortgage. Keep a 60/40 stock-bond portfolio. Some money rules are meant to be broken.

Financial advisers debate rules of thumb designed to help investors make sound money moves.

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Local banks are lifeline for small business — America’s economic engine. They need government support.

If current conditions continue, small businesses will find it much more challenging to get loans and financing.

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JPMorgan lays off about 1,000 former First Republic employees

The bank said about 85% of the former First Republic's roughly 7,200 employees received full-time or transitional roles with JPMorgan.

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Citigroup Ends Sale Talks for Banamex, Pivots to IPO

The New York bank will spin off its Mexican consumer unit after a yearlong process failed to find a deal.

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JPMorgan raises net-interest-income guidance to reflect $3 billion bump from First Republic Bank takeover

JPMorgan Chase & Co. raised its net-interest-income guidance on Monday by $3 billion to reflect the bump it will get from its takeover of First Republic Bank.

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PacWest sparks regional-bank rally after unveiling plan to sell loans worth $2.6 billion

PacWest Bancorp's stock jumped 21% Monday after the bank announced asset sales that will allow it to focus on its core community-banking business.

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Would reparations lead to irresponsible spending? Studies on other cash windfalls suggest not, new report says.

Reparations payouts to Black Americans are unlikely to result in reckless spending, financial ruin and reduced labor productivity, researchers say.

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A Military Scientist Wants to Retire at 55 or 60. Will He Have Enough Money?

An adviser suggests how he can shore up his finances and set aside money for his four children.

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Gorman’s Tenure at Morgan Stanley a Tough Act to Follow

Morgan Stanley has outperformed under James Gorman, and its shares are now priced at a premium.

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America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing

The deposit crisis that toppled First Republic and two other banks has only made JPMorgan stronger.

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A Professor Spent Years Helping His Mother. Now He Needs to Figure Out His Finances.

A financial adviser weighs in on when he can afford to stop teaching.

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Why market timers are concerned about the gap between the Dow transports and the Dow industrials

Dow Theory keys off the divergences between these two stock market averages.

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‘Doomsday machine’: Here’s what could happen if the debt ceiling is breached

Congress is taking debt-ceiling negotiations uncomfortably near a vague, but fast-approaching deadline that is closely monitored by markets.

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First Republic Ex-CEO Says Bank Failed Because SVB, Signature Sparked Panic

The testimony was Michael Roffler’s first public appearance since regulators seized his bank and struck a deal to sell the bulk of its operations to JPMorgan Chase.