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The Fed's next decision is its most important in recent memory - and the future of the stock market is at stake
The Federal Reserve will announce its next rate-hike decision on Wednesday, and the stakes have rarely been higher.
A big part of that stems from the turbulence that's rocked the stock market in recent weeks. With major US indexes already in correction territory, one wrong step could open the floodgates for more selling.
As a result, the Fed finds itself in a difficult situation. If the central bank signals too much future monetary tightening for the market's tastes, the 10-year bull market could meet its demise. And if the Fed adopts a more dovish tone than expected, there will be speculation that it was been strong-armed by politicians.
Facebook's catastrophic year has caused Mark Zuckerberg to lose more money than any of the world's other 500 richest billionaires
Mark Zuckerberg's net worth took a major hit this year after scandals plagued Facebook.
Zuckerberg's wealth took its biggest nosedive after Facebook's disastrous second-quarter earnings were announced in July.
Zuckerberg began the year with about $75 billion, but, according to Bloomberg's Billionaire Index, he was worth about $56 billion on Monday. That's a $19 billion drop.
Barclays just hired two Wall Street veterans in its chief investment office
Barclays just hired two senior executives, Sanjeev Mordani and Ravi Singh, to work under the chief investment officer of its international unit, Art Mbanefo.
Mordani, who led cross asset solutions and strategies at Bank of America Merrill Lynch, will join Barclays in the chief investment office and will be responsible for driving the structured finance business in the Americas.
"We are confident that his creativity and strong client relationships will accelerate our efforts to enhance Barclays' client offering," the bank said in a memo sent to staff and seen by Business Insider.
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