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Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.
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Wall Street strategists expect a robust increase in the Treasury's coffers this week as Americans pay their taxes.
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The cost of imported goods rose sharply in March for the third month in a row, heralding further increases in U.S. inflation in the next few months, mostly due to higher oil prices.
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New York Gov. Kathy Hochul flips position on increased taxation, pushing for NYC pied-à-terre tax to close spending deficit ABC7 New YorkHochul Proposes Tax on N.Y.C. Second Homes That Are Worth $5 Million The New York TimesNew York Governor Proposing Tax on Second Homes Worth $5 Million or More WSJHochul floats tax on NYC second homes worth $5M or more Gothamist
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JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.
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