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Merger activity for independent U.S. wealth managers up 10 percent: study

NEW YORK Merger activity among independent wealth management firms in the United States hit an all-time high in 2016 as more of the industry's aging workforce retired, the economy strengthened and more advisers were able to obtain financing for acquisitions, according to new study.

Philly Fed's Harker sees three U.S. rate hikes 2017

SOMERSET, N.J. Philadelphia Federal Reserve President Patrick Harker said on Friday he expects three interest rate increases in 2017 if the labor market improves further and inflation moves to the Federal Reserve's 2 percent goal.

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Trump, now president, pledges to put 'America First' in nationalist speech

WASHINGTON Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an "American carnage" of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry. | Video