Economists ‘really had it wrong’ about recession: market strategist

David Zervos, JefferiesScott Mlyn | CNBCThe Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week."Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies...

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Trump tariffs would add costs for consumers, economist says

Peter Kramer/NBC via Getty ImagesU.S. consumers would likely see prices increase if President-elect Donald Trump follows through with a plan to levy import tariffs, experts said Tuesday during CNBC's Financial Advisor Summit."Either way, there is a cost to consumers," said Erica York, senior economist at the Tax Foundation.A tariff...

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Oracle shares head for worst day of 2024 after Q2 earnings miss

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped 8% on Tuesday and headed for their steepest drop in a year following the database...

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