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Wednesday, October 5, 2022
Bill Ackman

US Could Avoid Recession By Boosting Immigration, Says Bill Ackman

The US could avoid falling into recession if they boosted immigration, Bill Ackman argued in a Twitter thread on Friday. The US central bank faces...
Stock Market News

Dow Jones Sheds More Than 300 Points Amid Warnings On The New Global Economy

US stocks tumbled Friday, and bond yields continued to climb amid new warnings on the global economy.  The Dow shed more than 300 points, and...
British Pound by Christopher Bill Via Unsplash

The UK Pound Falls To Nearly Four-Decade Low Against the US Dollar

The UK pound plummeted dramatically to a nearly four-decade low against the US dollar on Friday as investors fear the government's plan to reinforce...
Mohamed El-Erian

Investors Should Brace for “Unsettling Volatility,” Says Mohamed El-Erian

Investors need to prepare for "unsettling volatility," and the S&P 500 could plunge back to June lows, top economist Mohamed El-Erian said, cautioning of...
Mohamed El Erian

High Interest Rates Could Have Been Avoided if The Fed Acted Sooner, Says Mohamed...

Higher interest rates that soar faster and last longer, in addition to the increased risk of an economic recession, could have been avoided if...
Turkey Flag

Turkey Cut Interest Rate Despite Inflation Surging Beyond 80%

Turkey’s central bank shocked markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country blasting above...
Quattro M Securities Inc. Finance Broker New York City

Stock Futures Slightly Higher Following a “Jumbo” Interest Rate Hike From the Fed

U.S. stock futures slightly surged on Thursday morning following a big plunge in the major averages as traders swallowed another large rate hike from...
Stock Market News

2-year Treasury Yield Blasts Above 4.1%, Highest Level Since 2007

The yield on the 2-year Treasury note blasted above 4.1% after the Federal Reserve hiked interest rates by an additional 0.75 percentage point, and...
Jerome Powell Chair of The Federal Reserve of the United States

Breaking News: Fed Hikes Interest Rates by 0.75 Percentage Points

The Federal Reserve on Wednesday hiked benchmark interest rates by an additional three-quarters of a percentage point and said it would keep raising interests...
Uniper

Germany Is Nationalizing Uniper, Its Leading Importer of Russian Natural Gas

Germany is nationalizing Uniper, its leading importer of Russian natural gas, in a deal that underlines Europe's energy crisis. Uniper announced Wednesday the German government...

Must Read

Fandom acquires Metacritic to create a combined gaming platform

In a post on their website Monday, Fandom announced they have "acquired a portfolio of entertainment and gaming brands."  The Wall Street Journal reported the purchase...