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El Nino will brew up potent new economic storm

Just when you thought it was safe to hope interest rates might soon peak, along comes more bad news. It looks likely that the El Nino weather phenomenon has returned, according to both the U.S. National Oceanographic and Atmospheric Administration and the Australian Bureau of Meteorology. Its appearance usually results in, or exacerbates, floods, heatwaves, water scarcity and wildfires, especially in the southern hemisphere. The damage these inflict on crops and infrastructure is inflationary, putting pressure on central banks to tighten monetary policy. If climate change makes such events stronger and more frequent, supply shocks will become embedded. ....

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Spectrum Financial Alliance Ltd LLC Acquires 1,870 Shares of Capital One Financial Co. (NYSE:COF)

Spectrum Financial Alliance Ltd LLC lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 6.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,696 shares of the financial services provider’s stock after purchasing an additional 1,870 shares during the quarter. Capital One Financial […] ....

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