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The bond market is tied up in knots about the Iran war and inflation, as well as what the Federal Reserve under new chair Kevin Warsh might do about it.
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The more polished and professional an AI-generated report looks, the more dangerous it becomes. Here's how to protect your business from misleading insights.
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With the congressional midterm elections only weeks away, here's how we think things will shake out.
In early spring, Republicans appeared well on their way to steamroll through the midterms and win back control of the House and Senate. Democrats were struggling to compete, weighed down by an unpopular president and sky-high inflation and gas prices.
But as the summer wore on, Democrats' prospects improved. Gas prices dropped, supply chain problems got better and the Supreme Court's decision to overturn Roe v. Wade energized their voters - all good news for the party. Some big-ticket Democratic bills that passed Congress in recent months also helped.
Meanwhile, several Republican candidates, particularly Senate hopefuls endorsed by former President Donald Trump, underwhelmed, both on the campaign trail and with fundraising. Senate Minority Leader Mitch McConnell (R-KY) even downplayed his party's chances of retaking the Senate, openly worrying about the "quality" of many GOP candidates.
On top of everything else, Trump's high-profile legal woes have been a drag on his party's midterm hopes.
SEE MORE Protect Your Retirement Income from Inflation
But momentum in politics is fickle and can swing back quickly. In recent weeks, Republican candidates have done better in midterm polls and improved on the campaign trail.
So it's increasingly likely that control of the next Congress in January will be split. We anticipate that Republicans still will take control of the House, though they'll likely net fewer seats in the 435-member chamber than we initially expected - 15, versus the 25 sea
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In the wake of the ongoing Russian invasion of Ukraine, SAP and Oracle have both announced that they are suspending all business operations in Russia.
The decision from the two major IT vendors came in the wake of a request from Ukrainian Vice Prime Minister Mykhailo Fedorov, who posted letters he'd written to both companies on Twitter yesterday.
In his letter to Oracle, Fedorov wrote: "The IT industry always supports values of responsibility and democracy…now, more than ever, people's lives depend on your choice."
Oracle replied to the tweet, stating that on behalf of the people of Ukraine and its elected government, the company has "suspended all operations in the Russian Federation". However, the company has not provided any further comment on the situation since the tweet was posted.
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