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Washington Watch: Shein’s IPO faces frosty reception in Washington

Shein's IPO filing is sparking fresh talk in Washington that the fast-fashion company deserves considerable scrutiny for possible ties to forced labor in China, even as it has made efforts to respond to critics.

The Fed: Fed’s Barkin says he is not willing to take another rate hike off the table

The Richmond Fed president said he still needs to be convinced inflation is on a path to the 2% target.

: Banking culture has ‘completely changed’ since 2008 crash, Deutsche Bank CEO says

Christian Sewing said banks are now more risk averse as he argued lifting caps on bankers bonuses will not lead to excessive risk taking

: This is the state where borrowers have the highest average student debt

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The Fed: Fed’s Bostic says he’s more confident in his soft-landing forecast

Inflation will keep falling while economy avoids destructive downturn, the Atlanta Fed president says.

Market Extra: Wall Street strategists actually called 2023 correctly — apart from these seven stocks

Strategists weren't completely wrong about their 2023 S&P 500 forecasts, says Jim Bianco.

: UnitedHealth forecasts 2024 revenues that top expectations

UnitedHealth shares headed lower early Wednesday as the company provided its 2024 outlook

The Number One: Taylor Swift is Spotify Wrapped’s most-streamed artist in the world

Apple Music also named Taylor Swift its ‘artist of the year’ thanks to her ‘Eras Tour’ and chart-topping songs

Economic Report: GDP in the third quarter raised to 5.2% — but surge in growth is fading

The U.S. economy grew at a somewhat faster 5.2% annual pace in the third quarter, but the surprisingly strong gain appears to have been a one-off.

Economic Report: U.S. trade deficit in goods widens 3.4% in October

The nation's trade deficit in goods widened 3.4% in October to $89.8 billion. Imports stayed the same, but exports fell.

Europe Markets: DAX jumps to near four-month high as easing German inflation boosts ECB rate cut hopes

Germany's DAX index rallied to near four-month highs on Wednesday after signs of easing German inflation raised hopes the European Central Bank may be able next year to cut interest rates from record levels.

: GM’s stock soars 7% after company unveils $10 billion share buyback and plan to hike dividend by 33%

GM's stock is down 14% this year after a strike and challenges with EVs and self-driving cars.
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