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Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among …

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Avoid this 1 thing for a ‘real sense of satisfaction’

It’s easy to think that true happiness and satisfaction can only be achieved by accomplishing major goals, but that’s far from the truth, according to Arthur C. Brooks, a social scientist and professor at Harvard University who teaches a free course about happiness. “A lot of people think that once …

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I’m a psychologist and mom—here are 3 phrases I wish more parents would say to their kids

Anger is a complicated emotion, and it can be hard to watch your kid try to navigate it. But as a child psychologist with over a decade of clinical experience, I always tell parents that anger is not always a bad thing. Emotions are simply messengers, and anger is a …

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How yelling at kids affects their happiness, success

Almost every parent yells at their child eventually, no matter how hard they try to stay calm. “The best, most well-intentioned parents will lose it from time to time,” Jazmine McCoy, a clinical psychologist based in the Atlanta suburbs, tells CNBC Make It. When those moments are uncommon, they probably …

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Jana sees big upside in this unusual technology play serving industries like construction

Visoot Uthairam | Moment | Getty Images Company: Trimble (TRMB) Trimble is a provider of technology solutions that enables professionals and field mobile workers to improve or transform their work processes. It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. Stock Market Value: $12.88 billion …

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I never told him it was impossible

Track and field star Ezra Frech, 18, deals with an unusual level of pressure. He made his Paralympic debut in Tokyo and holds the world-record for the T63 high jump, which he broke twice in July. Ezra, who was born with congenital limb differences and received his first prosthetic leg …

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From cooking in prison to lucrative restaurant

Ali Elreda believes in second chances — and he’s grateful for his own. Elreda learned to cook in prison. He was convicted in 2009 for “intent to distribute” cocaine, according to court documents, and spent nearly six years behind bars between 2007 and 2013. Now, the 47-year-old runs a restaurant …

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More than half of U.S. high school students will take a personal finance class before graduation

CNBC’s senior personal finance correspondent Sharon Epperson speaks with high school students as part of Junior Achievement of Middle Tennessee’s Finance Park financial literacy program. Sam Wiseman High schools are increasingly offering real-world financial lessons to students — and soon more than half of U.S. high schoolers will be required …

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Mortgage rates dip below 7%—how much you’d pay for a house

Homeownership became more affordable this week, as 30-year fixed mortgage rates dropped below 7% for the first time since August. After a peak of nearly 8% in late October, the average 30-year mortgage rate has been sliding every week since. As of Thursday, the rate is 6.95%, according to Freddie …

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Most people consider themselves ‘HENRYs,’ despite their net worth

These days, fewer people feel financially comfortable, let alone rich. The average household’s net worth has soared in recent years, rising 37% between 2019 and 2022, according to the survey of consumer finances from the Federal Reserve. Yet, even as households became wealthier, inflation and instability have left more people …

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