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The Latest Breaking News from David Wessel

How J.D. Vance could put Trump campaign at odds with business on labor, antitrust, immigration

J.D. Vance's positions on labor, immigration, and antitrust law would be a big departure for the Republican Party.

Fortune

Jaime Dimon is worried about private credit. Here's a look at the fast growing Wall Street business and the risks it poses

Private credit is expected to hit $3.5 trillion in AUM by the end of 2028 but many still don't understand it.

Fortune

Biden names Fed vice chair as top economic advisor

Washington (AFP) - US President Joe Biden has chosen Federal Reserve Vice Chair Lael Brainard to be his top economic advisor, ahead of a potential reelection campaign and as the administration battles stubbornly high inflation.

AFP

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A tax loophole made fund managers rich. Closing it may help pay for the climate bill

The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The provision is unpopular — yet it has survived many attempts to eliminate it.

WEKU

US recession fears grow as Fed plots aggressive course

Washington (AFP) - The Federal Reserve has made clear it will come out guns blazing to battle the highest inflation rate in four decades, but that has sparked increasing fears their campaign will plunge the world's largest economy into recession.

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