Howard Marks warns more companies will default as they feel the full force of the Fed’s inflation fight

By Oaktree Capital Management cofounder Howard Marks.K. Y. Cheng/South China Morning Post via Getty ImagesUS businesses will soon feel the full force of rising interest rates, according to Howard Marks.”Many more companies are going to founder,” the Oaktree cofounder told Bloomberg.The Federal Reserve has aggressively hiked borrowing costs over the past 18 months in a…

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Optimum Names Kathleen Preston Vice President, General Manager of West Pacific Area

Preston now leads local sales, operations, and engagement efforts across Optimum’s West Texas, Arizona, Nevada, and California footprintFLAGSTAFF, AZ, September 07, 2023–(BUSINESS WIRE)–Optimum, the local provider of internet, mobile, TV, and phone services, today announces the appointment of Kathleen Preston as Vice President, General Manager of the company’s West Pacific Area serving West Texas, Arizona,…

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City Will Not Remove Election Signs

Image: Erik (HASH) Hersman from Orlando via Wikimedia Commons. Robert MooreHerald Staffrmoore@harrodsburgherald.com The City of Harrodsburg will not remove any action about political signs this year. That’s according to City Attorney Norrie Currens, who addressed the issue at the Harrodsburg City Commission meeting on Monday, Aug. 28. City officials say they have received complaints about…

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The Fed’s preferred inflation measure stayed high in July — and consumers are continuing to spend

By: Minneapolis CNN  —  US inflation may have remained elevated in July, but consumers just wanted to have some fun. New Commerce Department data released Thursday showed that consumer spending jumped 0.8% last month as shoppers shelled out for restaurants, live shows, toys, games and recreational equipment. It’s the strongest monthly spending gain since January;…

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