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Industry News

Stifel CEO: Rate cuts are 'unnecessary and risky for the economy'

After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.

By Tobias Salinger

1h ago
Regulation and compliance

Rule for a day: FTC noncompete ban hit with immediate lawsuit

The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.

By Dan Shaw

4h ago
Retirement

Ultrarich should pay to save Social Security, swing state voters say

Voters in battleground states favor solutions like a "billionaires tax" and "scrapping the cap" on earnings taxed for Social Security, a new poll shows.

By Laura Davison

4h ago