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Fed's Powell: Business debt no subprime crisis, but it's still positive to reflect

ATLANTA (Reuters) – Federal Reserve chairman Jerome Powell on Monday dismissed comparisons between the increase in corporate debt at record levels in recent years and conditions in US mortgage markets that preceded the economic crisis in 2007-2009, but even so the warning was justified. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks at his press conference after the closed …

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Make sure your stock portfolio has little exposure to China

Investors should be cautious about claims that China will pay the bill for higher fees, says CNBC's Jim Cramer. Rather, these costs will fall on US consumers, and investors should adjust their portfolios accordingly. "As long as president [Donald] Trump believes that the Chinese are the ones who pay the price, he will continue to take a hard-line approach to …

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Toddlers go out to close all 650 stores

Ascena Retail Group said Monday that it is winding down its Dressbarn business and plans to close all 650 or so of women's clothing stores to focus on its more profitable brands. Ascena, who also owns clothing chains Ann Taylor and Loft, said the decision was not an easy one. But the "Dressbarn chain has not worked at an acceptable …

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"We can't sit and wait for something to happen"

President Donald Trump speaks to Harley Davidson, CEO Matthew Levatich, when he arrives at Harley Davidson's leaders and union representatives in the Washington, DC West House on February 2, 2017. Nicholas Kamm | AFP | Getty Images As President Donald Trump's international trade war rages on, Harley Davidson is trying to alleviate the damage of recovering tariffs that the European …

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Good food gives people to the mall to spend more money

Hungry shoppers want good food. And it is likely that they will stick and act when they eat, which benefits both resellers and property owners who note this. Talking about the largest collection of real estate retailers in the world, pointed out by the International Council of Shopping Centers and happening this week in Las Vegas, is food, according to …

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More tariffs on China can trigger a global recession

Containers stacked on a ship at Long Beach harbor in Long Beach, California on July 6, 2018, including some from China Shipping, a conglomerate during the direct administration of China's Cabinet. Frederic J. Brown | AFP | Getty Images More tit-to-tat tariffs in the trade war between the US and China could give the world economy a recession, according to …

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