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At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an ...
Boeing workers have gone on strike after they overwhelmingly rejected a tentative deal between union representatives and the plane maker that included a 25% pay rise. More than 30,000 workers in ...
The 1% Club is an American game show, with its setup identically based on the British game show of the same name.Contestants are given a very short amount of time to solve brain teaser questions, with questions getting significantly more difficult as the game continues, as statistically a progressively smaller percentage of people, according to the producers, answered each subsequent question ...
President Franklin Roosevelt's conditional approval of the one-dollar bill's design in 1935, requiring that the appearance of the sides of the Great Seal be reversed, and together, captioned. The reverse of the one-dollar bill has an ornate design that incorporates both sides of the Great Seal of the United States to the left and right of the ...
Zero coupon bonds have a duration equal to the bond's time to maturity, which makes them sensitive to any changes in the interest rates. Investment banks or dealers may separate coupons from the principal of coupon bonds, which is known as the residue, so that different investors may receive the principal and each of the coupon payments.
On rare occasions a special type of demonstration record known as an acetate disc has been distributed to radio stations as a promo. Instead of being mass-produced these records are cut one at a time in the recording studio from a master tape source. They were generally made in very low quantity with hand-written labels.
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