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10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned

10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned

DETROIT (AP) — Mike Berent has spent more than 27 years rushing into burning houses in Detroit, pulling people to safety and ensuring his fellow firefighters get out alive. But as the 52-year-old Detroit Fire Department lieutenant approaches mandatory retirement at age 60, he says one thing is clear: He will need to keep working […]

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Cathie Wood’s ARKK Dumped Nvidia Stock Before 0 Billion Surge

Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge

(Bloomberg) — Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that sent the stock and its big tech peers on a tear. Most Read from Bloomberg The chipmaker has added around $560 billion in market capitalization since Wood dumped her shares — with

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11 Stories You Need to See

11 Stories You Need to See

A roundup of the week’s most newsworthy financial industry press releases from PR Newswire, including inflation’s impact on homebuying, CEOs’ pessimistic outlooks, and more. NEW YORK, Jan. 20, 2023 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering

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