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Elite Financial Group

Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’

by Elite Financial Group | Aug 22, 2025 | Financial Services

Powell on Friday gave a tepid indication of possible cuts ahead as he noted a high level of uncertainty.Read More…

Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession

by Elite Financial Group | Aug 22, 2025 | Financial Services

Job “switchers” generally see wages grow at a faster pace than those who stay in their current role. However, that trend has reversed.Read More…

Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’

by Elite Financial Group | Aug 21, 2025 | Financial Services

Walmart lifted its full-year sales and earnings forecast, but the stock still slid 4.5%. The big-box retailer ended Thursday as the Dow’s biggest loser.Read More…

Household robots are about to get a big price cut — if China’s top ‘robovac’ player has its way

by Elite Financial Group | Aug 21, 2025 | Financial Services

In an exclusive interview with CNBC, Quan Gang, president of China’s Roborock, said human-like robots will become part of many households by 2030.Read More…

Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here’s what Wall Street expects

by Elite Financial Group | Aug 21, 2025 | Financial Services

Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave.Read More…

Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut

by Elite Financial Group | Aug 21, 2025 | Financial Services

The policymaker pushed back on market pricing that points strongly to the FOMC lowering its key borrowing rate next month.Read More…
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